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Operational Risk Manager Jobs in Toms River, NJ (NOW HIRING)

First Bank

Senior Risk Manager

Hamilton, NJ · On-site

Duties & Responsibilities: • Oversee all enterprise risk management which incorporates programs for credit, market, compliance, and operational risk management. • Monitor the organization's risk ...

exogroup

Payment Risk Specialist

Barnegat, NJ · On-site

$104K/yr

The Payments Risk Specialist will be a key member of the Payments team, responsible for developing, implementing, and overseeing the risk management framework for all card payment operations. This ...

ADP

Compliance Risk Analyst

Barnegat, NJ · Hybrid

... operational domains. o Evaluating payroll providers' governance structures and risk management frameworks. o Validating the design and effectiveness of key controls and identifying control gaps. o ...

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Operational Risk Manager information

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$47.5K

$122K

$239.5K

How much do operational risk manager jobs pay per year?

As of Aug 22, 2026, the average yearly pay for operational risk manager in Toms River, NJ is $121,956.00, according to ZipRecruiter salary data. Most workers in this role earn between $74,300.00 and $160,600.00 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 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 are the most commonly searched types of Operational Risk jobs in Toms River, NJ?

The most popular types of Operational Risk jobs in Toms River, NJ are:

What job categories do people searching Operational Risk Manager jobs in Toms River, NJ look for?

The top searched job categories for Operational Risk Manager jobs in Toms River, NJ are:

What cities near Toms River, NJ are hiring for Operational Risk Manager jobs?

Cities near Toms River, NJ with the most Operational Risk Manager job openings:

Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Toms River, NJ as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, and 2% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $121,956 per year, or $58.6 per hour.

Senior Risk Manager

First Bank

Hamilton, NJ • On-site

Full-time

Medical, Dental, Life, Retirement

Re-posted 13 days ago

Job description

Job description
Our goal is to hire and retain talented people with engaging personalities and exceptional work ethics. We believe in recognizing and rewarding employees who consistently perform at a high level.
We offer competitive salaries based upon experience and a comprehensive benefits package upon satisfying eligibility conditions, including health and dental insurance, life insurance, short term and long term disability, and the Bank's 401k Plan.
Position Summary:
The Senior Risk Manager participates in identifying, mitigating, monitoring and reporting on risks across the Bank. This Senior level role reports directly to the Audit Committee, providing independence necessary to provide direct unencumbered evaluations. This role operates in a consultative manner and is responsible for ensuring that business unites and managerial departments effectively monitor and manage risk in a way that is consistent with Board-approved risk limits, risk tolerance levels, and risk appetite.
Also responsible for managing the ERM program to help bank management identify key risks, the interdependency of risk, and help keep senior management focused on effective risk management.
Duties & Responsibilities:
• Oversee all enterprise risk management which incorporates programs for credit, market, compliance, and operational risk management.
• Monitor the organization's risk management program in a manner that fulfills the mission and strategic goals of the organization while complying with external and internal requirements.
• Enhance the ERM program and software to streamline the risk assessments of each area.
• Manage and maintain the Enterprise Risk Management Committee structure and actively lead the discussion in resolving risk related issues.
• Identify the risk areas of the bank and verify that risk assessments have been created.
• Determine that risk assessments are created for new products; and/or significant change in products.
• Act as the subject matter expert to advise departmental management in implementing governance and risk management programs within their own functions.
• Identify the pertinent FDIC risks as they apply to the bank.
• Maintain an annual ERM strategic plan that encompasses areas of oversight.
• Attend Board meetings; audit committee; Compliance committee; loan committee; and provide appropriate reports.
• Identify risks involved in any M&A activity.
• Perform other duties and responsibilities as needed or as designated by the Board.
Qualifications
• Bachelor's degree in accounting, Finance, Business, Management or related degree
• Preferred Certified Enterprise Risk Professional designation
• 4-7 years risk/audit experience with proven ability to proactively collaborate with colleagues and management
• Experience working in or with a Community Bank and with regulatory agencies, including FDIC and State regulators
• Strong communication, collaboration, and technical skills. Should be able to work effectively with others at all levels across the organization and provide authoritative guidance to management and staff within the organization
• Strong working knowledge of the risks associated with a banking institution as well as experience building effective internal control programs
• Experience reading and interpreting regulations, laws, and statutes. Strong research skills required
First Bank is an EEO/AA Employer, M/F-Disabled-Veteran and LGBTQ+ can apply to our company for employment opportunities.

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