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Operational Risk Manager Jobs in Southgate, MI (NOW HIRING)

Learn how to identify, evaluate, and prioritize business, operational, regulatory, and technology ... Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of ...

Risk Manager I (US)

Southfield, MI · On-site

$91K - $136K/yr

Risk Management The Risk Manager I manages the creation, implementation and validation of various ... operational efficiencies including potentially leading special project teams or cross functional ...

Risk Manager I (US)

Southfield, MI · On-site

$91K - $136K/yr

Risk Management The Risk Manager I manages the creation, implementation and validation of various ... operational efficiencies including potentially leading special project teams or cross functional ...

Segment Risk Specialist Sr

Detroit, MI · On-site +1

$57K - $113K/yr

Develop and manage dashboards and reporting tools to track key risk indicators and portfolio trends. * Collaborate with Sales, Operations, and Compliance teams to integrate risk insights into ...

Segment Risk Specialist Sr

Detroit, MI · On-site +1

$57K - $113K/yr

Develop and manage dashboards and reporting tools to track key risk indicators and portfolio trends. * Collaborate with Sales, Operations, and Compliance teams to integrate risk insights into ...

This role leads supplier risk programs spanning operational, geopolitical, financial, sustainability, and continuity risks, and partners closely with Category Managers, Supplier Managers, Engineering ...

This role leads supplier risk programs spanning operational, geopolitical, financial, sustainability, and continuity risks, and partners closely with Category Managers, Supplier Managers, Engineering ...

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Operational Risk Manager information

See Southgate, MI salary details

$43.6K

$112K

$220K

How much do operational risk manager jobs pay per year?

As of Jun 22, 2026, the average yearly pay for operational risk manager in Southgate, MI is $112,032.00, according to ZipRecruiter salary data. Most workers in this role earn between $68,200.00 and $147,600.00 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.
What job categories do people searching Operational Risk Manager jobs in Southgate, MI look for? The top searched job categories for Operational Risk Manager jobs in Southgate, MI are:
What cities near Southgate, MI are hiring for Operational Risk Manager jobs? Cities near Southgate, MI with the most Operational Risk Manager job openings:
Risk Manager - HUMAN RESOURCES (RISK MANAGEMENT OPERATIONS DIVISION)

Risk Manager - HUMAN RESOURCES (RISK MANAGEMENT OPERATIONS DIVISION)

City of Detroit

Detroit, MI • On-site

$95K - $125K/yr

Other

Posted 21 days ago


City Of Detroit rating

6.6

Company rating: 6.6 out of 10

Based on 42 frontline employees who took The Breakroom Quiz

555th of 659 rated public administrative organizations


Job description

Description HUMAN RESOURCES - RISK MANAGMENT OPERATIONS RISK MANAGER Under general supervision, plans, develops, manages and implements a centralized, comprehensive and coordinated risk management program for the City of Detroit Examples of Duties Negotiate contracts and coverages with medical facilities and Third-Party Administrator providers. Co-administer the City of Detroit self-insurance fund. Identify, evaluate, select and implement risk transfer mechanisms to protect the City of Detroit Human Resources and reduce the potential for financial loss.

Advise agencies on methods for risk reduction. Direct and coordinate actuarial reviews. Budget development.

Review the adjustment of insured and non-insured losses. Administer Central Safety in accordance with Occupational Safety and Health Administration (OSHA)and Michigan Occupational Safety and Health Administration (MIOSHA) Rules and regulations Interpret and administer leave programs and policies in accordance with the applicable federal and state employment laws (Family Medical Leave Act (FMLA), Americans with Disabilities Act, Uniformed Services Employment and Reemployment Rights Act, Pregnancy Discrimination Act, etc.). Ensure that the workers' compensation program is managed in accordance with applicable OSHA and workers' compensation laws

Administer all aspects of leave and workers' compensation programs including Alternate benefit program and Contract benefits.?Provides extensive case management and coordinates administrative aspects of the cases and claims. Conducts/coordinates investigations into all reported workers' compensation claims. Manage Long Term Disability (LTD)programs and vendor relationships

Ensure that Workers Compensation claims and LTD are coordinated with FMLA or general medical cases. Manage the alleged fraudulent activity of all leave cases and workers' compensation claims. Work closely with the employee services and relations teams to identify research and resolve matters.

Meet regularly to review the status of cases/claims and develop legally sound strategies for a mutually beneficial resolution. Produce and manage reporting metrics and analytics for all leave cases and workers' compensation claims. Presents reports as requested.

Assist in the creation and facilitation of leave administration and workers' compensation training programs. May perform additional duties as assigned. Minimum Qualifications Qualifications (required): Bachelor's degree in business administration, public administration, finance, accounting or related field.

Seven (7) to ten (10) years of experience in risk management including supervision of component activities such as worker's compensation and occupational safety. Equivalency Equivalent combinations of education and experience that provide the required knowledge, skills, and abilities will be evaluated on an individual basis. Qualifications (preferred): Preferably completion of advanced coursework related to insurance administration, underwriting, or risk management.

Licensing and Certifications Employees in this class will be required to provide and operate a motor vehicle on a reimbursed mileage basis. Valid State of Michigan Driver License. Supplemental Information Evaluation Plan Interview: 70% Evaluation of Training, Experience & Personal Qualifications: 30% Total of Interview and Evaluation T.E.P: 100% Additional points may be awarded for: Veteran Points: 0 - 15 points Detroit Residency Credit: 15 point Candidates considered for placement in this classification may be subject to a Criminal Background Investigation based on the requirements of the position

Knowledge, Skills and Abilities Knowledge of principles, practices, regulations and legislation related to risk management and insurance. Knowledge of contract language and procedures for evaluating liability provisions. Knowledge of financial applications and budgeting principles.

Knowledge of public sector concerns related to public sector risk management and self-insurance. Skill in identifying and resolving procedural and operational problems. Skill in negotiating agreements with insurance carriers and other contractors.

Skill in managing interactions with superiors, peers, subordinates, and the public. Skill in supervising the work of others. Ability to analyze and measure potential losses.

Ability to make specific recommendations on corrective and preventive measures. Physical Demands The employee generally remains in a stationary position for an extended period of time operating standard office equipment which may include computers, telephones, photocopiers, and fax machines. The employee is expected to move about to accomplish tasks such as opening file cabinets and moving files.

Must be able to lift, push, pull, and carry up to (20) pounds. Work Environment Work is performed primarily in an office environment. Some work requires travel to meetings, conferences, and other work sites with exposure to seasonal weather conditions.

Candidates considered for placement in this classification may be subject to a Criminal Background Investigation based on the requirements of the position. The above statements describe the general nature and level of work performed by employees assigned to the class. Incumbents may be required to perform job-related responsibilities and tasks other than those stated in this specification.

Specific job duties may vary from position to position. The City of Detroit is an Equal Opportunity Employer. No applicant for employment shall be discriminated against on the basis of race, color, national origin, sex, religion, age, disability, or other criteria prohibited by City, State, or Federal law.


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