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Operational Risk Manager Jobs in South Bend, IN (NOW HIRING)

Ollie's

Retail Assistant Store Manager

La Porte, IN · On-site

$15.25 - $20.50/hr

Complete the monthly Operational Risk Assessment (ORA) and alarm test; ensure that all corrective ... Ability to effectively manage in a professional work environment. * Ability to exercise sound ...

Franciscan Alliance

Registered Nurse

Elkhart, IN · Hybrid

The Risk Management Specialist RN is critical for assisting the Risk Management Department in managing and directing department operations, including interacting with physicians and legal counsel ...

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How much do operational risk manager jobs pay per year?

As of Jun 18, 2026, the average yearly pay for operational risk manager in South Bend, IN is $117,685.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,700.00 and $155,000.00 per year, depending on experience, location, and employer.

What Does an Operational Risk Manager Do?

An operational risk manager works to identify and limit the risk associated with a company’s operations. As an operational risk manager, your responsibilities involve assessing business operations, identifying issues, and creating reports on your findings. You then help develop policies and implement changes to lessen operational risks. Other duties include continually monitoring the business to find potential new threats and ensuring company compliance with laws and regulations.

What are the 4 pillars of operational risk management?

The four pillars of operational risk management are risk identification, risk assessment, risk mitigation, and risk monitoring. An Operational Risk Manager uses these pillars to develop strategies that minimize potential losses from internal processes, people, systems, or external events, often utilizing tools like risk dashboards and frameworks such as Basel II. Mastery of these pillars helps ensure organizational resilience and compliance.

What does an operational risk manager do?

An operational risk manager identifies, assesses, and mitigates risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop risk management frameworks, monitor key risk indicators, and ensure compliance with regulations to protect the organization’s assets and reputation.

Do risk managers make good money?

Operational Risk Managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, the median annual salary ranges from $80,000 to over $130,000, with additional compensation such as bonuses and benefits. Certifications like FRM or ORM can enhance earning potential in this field.

What are some common challenges faced by Operational Risk Managers in maintaining effective risk controls across different departments?

Operational Risk Managers often encounter challenges in ensuring consistent risk controls due to varying processes, priorities, and risk appetites across departments. Communication gaps and resistance to change can make it difficult to implement standardized procedures. Successfully overcoming these challenges involves building strong cross-functional relationships, conducting regular training, and fostering a risk-aware culture to ensure alignment on risk management practices throughout the organization.

What are the key skills and qualifications needed to thrive as an Operational Risk Manager, and why are they important?

To thrive as an Operational Risk Manager, you need a solid understanding of risk assessment, regulatory compliance, and internal controls, typically supported by a degree in finance, business, or a related field. Familiarity with risk management frameworks, GRC (governance, risk, and compliance) systems, and certifications such as FRM or ORM are highly valued. Strong analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These competencies are crucial for identifying, mitigating, and communicating operational risks, ensuring organizational stability and regulatory adherence.

What is the difference between Operational Risk Manager vs Risk Analyst?

AspectOperational Risk ManagerRisk Analyst
CertificationsCFA, FRM, or similarCFA, FRM, or similar
Work EnvironmentFinancial institutions, banks, insurance companiesFinancial firms, consulting, corporate risk teams
ResponsibilitiesIdentify, assess, and mitigate operational risks; develop risk frameworksAnalyze risk data, support risk assessments, prepare reports

The Operational Risk Manager focuses on managing and mitigating operational risks within organizations, often holding certifications like CFA or FRM. In contrast, Risk Analysts primarily analyze risk data and support risk management processes. Both roles are vital in financial sectors and share similar credentials, but the Operational Risk Manager has a broader responsibility for risk mitigation strategies.

What are the 5 steps of orm?

In operational risk management (ORM), the five key steps are: identifying risks, assessing their likelihood and impact, implementing controls to mitigate risks, monitoring the effectiveness of these controls, and reviewing and improving the risk management process regularly. These steps help operational risk managers proactively manage potential threats to an organization’s operations.
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What cities near South Bend, IN are hiring for Operational Risk Manager jobs? Cities near South Bend, IN with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you

Senior Risk Consultant - Construction

Turner & Townsend

La Porte, IN • On-site

Full-time

Posted 6 days ago

Job description

Company Description
From the inception of a project through to completion and beyond, Turner & Townsend help to deliver the outcomes that matter through transformational projects covering the full spectrum of consultancy, project delivery and post-project operations.
With offices located globally, you're never far away from our services. With over 22,000 specialists in more than 60 countries, we blend local knowledge with global insight to tackle challenges of any scale.
Our team is dynamic, innovative and client-focused, supported by an inclusive and fun company culture. Our clients value our proactive approach, depth of expertise, integrity and the quality we deliver. As a result, our people get to enjoy working on some of the most exciting projects in the world.
Turner & Townsend is seeking a risk analyst with a background in life sciences facilities projects to join our team to support project management function on a large-scale project. The ideal individual will have a proven track record of successfully delivering construction project control services.
Job Description
Turner & Townsend are seeking a Senior Risk Consultant to identify, assess, and manage risks associated with construction projects. This position involves working closely with project teams, contractors, clients, and stakeholders to ensure that potential risks are mitigated and managed effectively throughout the lifecycle of construction projects.
Responsibilities
  • Conduct comprehensive risk assessments across various stages of construction projects, including planning, design, execution, and completion.
  • Identify potential risks (financial, operational, environmental, legal, safety-related, etc.) that may impact the delivery of construction projects.
  • Use risk management tools and techniques to assess the likelihood and impact of identified risks.
  • Develop and recommend strategies for mitigating identified risks, including insurance, contingency planning, contract management, and other proactive measures.
  • Collaborate with project managers, engineers, and contractors to implement risk management plans and ensure that mitigation actions are followed.
  • Continuously monitor the risk landscape throughout the project lifecycle to track new risks and changes in existing risks.
  • Prepare and present regular risk reports to senior management, highlighting potential issues, risk exposure, and the effectiveness of mitigation actions.
  • Assist in updating the project risk register to reflect evolving risk profiles.
  • Use quantitative and qualitative risk analysis techniques (such as Monte Carlo simulations, decision trees, and sensitivity analysis) to model potential risk scenarios and their impact on project objectives.
  • Perform cost-benefit analysis of risk management strategies to determine the most cost-effective solutions.
  • Communicate risk-related issues clearly to stakeholders, including clients, contractors, and project teams.
  • Facilitate discussions on risk tolerance and ensure alignment with the project's risk management framework.
  • Compliance and Standards:
  • Ensure that risk management processes and activities align with relevant industry standards, regulations, and best practices.
  • Assist in ensuring compliance with health and safety regulations and environmental guidelines during project execution.
  • Participate in training sessions to enhance risk management knowledge and improve project risk handling capabilities across the organization.
  • SOX control responsibilities may be part of this role, which are to be adhered to where applicable.

Qualifications
  • Bachelor's degree in construction management, cost management, quantity surveying, engineering or field related to construction.
  • Minimum 7 years of applicable experience
  • Experience in construction management is highly preferred.
  • Proficient in Microsoft Office Suite, especially Excel for risk analysis and reporting.
  • Knowledge of construction processes, contract management, and project management principles.
  • Detail-oriented, with the ability to identify potential risks that might not be immediately apparent.
  • Strong problem-solving and critical thinking skills.
  • Strong communication skills

Additional Information
*On site presence could changer per client's needs.
Our inspired people share our vision and mission. We provide a great place to work, where each person has the opportunity and voice to affect change.
We want our people to succeed both in work and life. To support this we promote a healthy, productive and flexible working environment that respects work-life balance.
Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community.
Please find out more about us at www.turnerandtownsend.com/
Turner & Townsend does not accept any speculative or unsolicited CV's that have been sent to our internal recruitment team or hiring managers from agencies outside of our preferred supplier list or that have not followed due process. Any speculative or unsolicited CV's will be treated as a direct application.
All your information will be kept confidential according to EEO guidelines.
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It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time.
Any unsolicited resumes/CVs submitted through our website or to Turner & Townsend personal e-mail accounts, are considered property of Turner & Townsend and are not subject to payment of agency fees. In order to be an authorised Recruitment Agency/Search Firm for Turner & Townsend, there must be a formal written agreement in place and the agency must be invited, by the Recruitment Team, to submit candidates for review.

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