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Operational Risk Manager Jobs in Summit, NJ (NOW HIRING)

Jj

Senior Manager, Operational Risk Lead

Raritan, NJ

  • Retirement

  • PTO

This role serves as the critical bridge between Enterprise Risk Management (ERM), Quality Management Systems (QMS), and operational functions, partnering with Supply Chain, Manufacturing, Quality ...

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Operational Risk Manager information

See Summit, NJ salary details

$49.9K

$128.3K

$251.8K

How much do operational risk manager jobs pay per year?

As of Aug 13, 2026, the average yearly pay for operational risk manager in Summit, NJ is $128,261.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,100.00 and $169,000.00 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 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.

More about Operational Risk Manager jobs
What job categories do people searching Operational Risk Manager jobs in Summit, NJ look for? The top searched job categories for Operational Risk Manager jobs in Summit, NJ are:
What cities near Summit, NJ are hiring for Operational Risk Manager jobs? Cities near Summit, NJ with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Summit, NJ as of August 2026, with employment types broken down into 91% Full Time, and 9% Contract. Highlights an 95% In-person, and 5% Remote job distribution, with an average salary of $128,261 per year, or $61.7 per hour.

Operational Risk and Control Analyst

Network Temp Inc

New York, NY • On-site

$75K - $110K/yr

Full-time

Re-posted 24 days ago

Job description

Description:

Your Role Overview:

Risk and Control Analyst is accountable for engaging in the proactive identification, escalation, and timely mitigation of operational risks. Responsible for administering Operational Risk and Control Self-Assessment (RCSA) including Control Testing and Risk Register. Participates in the design, supervision, and implementation of an RCSA program to provide support in identifying, assessing, monitoring, and escalating the risk assessments performed by the First Line of the Bank.

The analyst is given broad exposure to all functions and business lines within the Americas Division and is expected to execute all aspects of the Operational Risk Management Framework through the 2nd line of defense oversight activities.

Your Duties and Responsibilities:

  1. Coordinate and conduct Risk and Control Self-Assessment (“RCSA”).
  2. Coordinate and conduct Vendor Risk Assessment, Model Risk Assessment, and Operational Risk Event (Business Continuity) Assessment.
  3. Conduct analyses of risk data to identify trends and potential areas of concern.
  4. Perform deep dives to assess the design and operational effectiveness of controls surrounding key technology and operations processes, and to identify remediation for gaps to mitigate risks.
  5. Challenge risks within scenario analysis.
  6. Maintain Risk Registers.
  7. Contribute to the New Product Approval process.
  8. Research regulatory changes and/or risk trends applicable to area(s) of coverage.
  9. Assist in various Operational Risk related projects and initiatives.
  10. Proactively contribute to the risk culture and overall awareness of operational risk and contribute to the creation and delivery of operational risk management training and/or workshop sessions.
  11. Prepare operational risk reports, schedule meetings, takes notes, prepare minutes, and maintain files for ORM department.
  12. Provide analysis and coordination for the ORM department.
  13. Provide challenges on key indicators and material operational risks.
  14. Identify emerging operational risks in the context of the regulatory and business operation environment and assure that measures are being taken to mitigate these risks.
  15. Serve as a subject matter expert for operational risk and control assessments, and independently prepare a comprehensive report.
  16. Facilitate accurate and appropriate reporting of operational risks to senior management.
  17. Analyze operational risk data (losses, metrics, or assessment results) to identify areas of excessive risk and to ensure that mitigation efforts are having the desired effect(s).
  18. Perform other duties and responsibilities as assigned by management.

Work schedule: 3 days onsite (Midtown Manhattan), 2 days remote

Requirements:

Your Qualifications:

  1. Bachelor’s degree or equivalent.
  2. A minimum of 4-5 years of prior operational risk management experience with a financial institution, including exposure to technology risk, information/cyber security risk, vendor risk and/or model risk management.
  3. Integrative thinking skills, basic risk management knowledge, good organizational, communication and influencing skills.
  4. Analytical and thorough approach to form defensible conclusions from risk assessments.
  5. Able to present to and respond effectively to internal and external stakeholders.
  6. Team-oriented with strong interpersonal skills, able to calmly manage conflict and pressure in a demanding, high-volume environment.
  7. Able to be flexible and capable of prioritizing based on changing internal or external demands.
  8. Good computer skills in Microsoft Office including Excel, Word, and PowerPoint.