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

Jump Trading

Risk Manager | Equities

New York, NY · On-site

$150K - $200K/yr

The department manages moment-to-moment risk for all trading teams and is responsible for ... Serve as the NYC go-to operational risk partner: set and monitor exposure limits and guardrails ...

Nomura International

Portfolio Risk Manager

Manhattan, NY · On-site

$160K - $190K/yr

... Operational Risk). * Master's degree or equivalent qualification in Finance, Economics, Risk Management, Quantitative Finance, Mathematics, Statistics, Engineering, or related discipline is preferred.

AllianceBernstein

Private Wealth Risk Officer

New York, NY · On-site

$110K - $130K/yr

Partner with compliance, legal, operations, portfolio management, sales, fund accounting, and other groups to establish a robust control environment * Complete Risk Reviews for at-risk business ...

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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 Sep 4, 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 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 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 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.

Risk Manager | Equities

Jump Trading

New York, NY • On-site

$150K - $200K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 7 hours ago

Key responsibilities

  • Set and monitor exposure limits and guardrails with front office and Global Risk, operate controls, and investigate exceptions.

  • Perform daily and intraday risk monitoring to identify and escalate material exposures, concentrations, anomalies, and control exceptions.

  • Use Python, SQL, and Excel to query datasets and automate light reporting to support risk management activities.

Job description

Jump Trading Group is committed to world class research. We empower exceptional talents in Mathematics, Physics, and Computer Science to seek scientific boundaries, push through them, and apply cutting edge research to global financial markets. Our culture is unique. Constant innovation requires fearlessness, creativity, intellectual honesty, and a relentless competitive streak. We believe in winning together and unlocking unique individual talent by incenting collaboration and mutual respect. At Jump, research outcomes drive more than superior risk adjusted returns. We design, develop, and deploy technologies that change our world, fund start-ups across industries, and partner with leading global research organizations and universities to solve problems.
As a Risk Manager, you will be part of Jump Trading's Global Risk Management team. The department manages moment-to-moment risk for all trading teams and is responsible for evaluating new trading strategies, markets, and products. Furthermore, the risk team is responsible for working with Core Development and Technology teams to advance the firm's internal risk layer, metrics, and reporting. This position is ideal for seasoned professionals with strong risk management expertise, technical skills, and proven experience operating at a high bar within high-pressure environments.
What You'll Do:
  • Serve as the NYC go-to operational risk partner: set and monitor exposure limits and guardrails with front office and Global Risk; operate existing controls and alerting; investigate, escalate, and document exceptions.
  • Monitor factor/sector and liquidity/correlation exposures across strategies and firm-level aggregates using firm-provided tools; collaborate with Market Risk and front office to review scenario/stress outputs, align on assumptions, and communicate practical implications.
  • Perform daily and intraday risk monitoring to identify and escalate material exposures, concentrations, anomalies, and control exceptions across regions.
  • Apply practical US equity market microstructure knowledge to inform monitoring, limits, controls, and scenarios.
  • Liaise with internal partners and external prime brokers, clearing firms, and exchanges on margin/financing, locates, market access controls, and corporate actions.
  • Triage trade-lifecycle issues (trade capture, allocations, reconciliations, market data, connectivity) with Trading, Operations, Clearing, Treasury, Technology, and Compliance.
  • Use Python/SQL/Excel to query firm datasets and automate light reporting where helpful.
  • Other duties as assigned or needed to ensure smooth business operations.

Skills You'll Need:
  • At least 7 years in equities-focused risk or trading across developed/emerging markets.
    • Cash equities most preferred. Equity derivatives and index products also useful.
  • Bachelor's degree required; including a strong academic record.
  • Operational risk fluency across the trade lifecycle, prime brokerage/clearing (margin/financing), short inventory/locates, market access controls, and exchange connectivity/trading systems.
  • Factor literacy: experience consuming outputs from factor models (e.g., Barra, Axioma) and common measures (e.g. VaR) to interpret and communicate risk.
  • Practical US equity market microstructure knowledge and how it informs monitoring, limits, controls, and scenarios.
  • Python, SQL, experience with Bloomberg, and advanced Excel required for querying firm datasets, validation, ad hoc analysis, and light automation.
  • Ability to communicate in a way that is crisp, credible at the desk, effective with traders and technologists, and calm under pressure.
  • Reliable and predictable availability, including onsite presence in New York with flexibility for occasional off-hours support.

Benefits
  • Discretionary bonus eligibility
  • Medical, dental, and vision insurance
  • HSA, FSA, and Dependent Care options
  • Employer Paid Group Term Life and AD&D Insurance
  • Voluntary Life & AD&D insurance
  • Paid vacation plus paid holidays
  • Retirement plan with employer match
  • Paid parental leave
  • Wellness Programs

Annual Base Salary Range
$150,000-$200,000 USD

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