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Operational Risk Manager Jobs in Trumbull, CT (NOW HIRING)

SunEnergy1

Insurance Operations Manager

Stamford, CT · On-site

Develop and maintain insurance policies, procedures, and operational controls to improve efficiency and compliance. Qualifications * Bachelor's degree in Business, Risk Management, Finance, Insurance ...

Options Group

Risk Developer Consultant

Stamford, CT · On-site

... risk managers and analysts. Develop quantitative analysis of risk to deliver game changing solutions. Build and support risk operational infrastructure to maintain and continually exceed high ...

SunEnergy1LLC

Insurance Manager

Stamford, CT · On-site

Bachelor's degree in Business, Risk Management, Finance, Insurance, or related field preferred. * 5+ years of experience in insurance operations, risk management, brokerage, or corporate insurance ...

Athene

Associate Director - Transformation

Greenwich, CT

$175K - $225K/yr

... operational risk standards, and firmwide governance expectations Qualifications & Experience * 6-8+ years of experience in corporate strategy, management consulting, digital transformation, or ...

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Operational Risk Manager information

See Trumbull, CT salary details

$46.1K

$118.4K

$232.5K

How much do operational risk manager jobs pay per year?

As of Jul 10, 2026, the average yearly pay for operational risk manager in Trumbull, CT is $118,433.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,100.00 and $156,000.00 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 is essential for effective risk oversight and compliance.

What does an operational risk manager do?

An operational risk manager identifies, assesses, and monitors risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop strategies to mitigate these risks, ensure compliance with regulations, and often use risk management tools and data analysis to support decision-making.

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 certifications like FRM or ORM enhancing earning potential.

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 three C's of operational risk management?

The three C's of operational risk management are Culture, Controls, and Communication. These elements help organizations identify, assess, and mitigate risks effectively, which is essential for an Operational Risk Manager to ensure operational resilience and compliance. Developing strong controls and fostering a risk-aware culture are key skills in this role.

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 Trumbull, CT look for? The top searched job categories for Operational Risk Manager jobs in Trumbull, CT are:
What cities near Trumbull, CT are hiring for Operational Risk Manager jobs? Cities near Trumbull, CT with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Insurance Operations Manager

Insurance Operations Manager

SunEnergy1

Stamford, CT • On-site

Full-time

Re-posted 5 days ago

Job description

The Insurance Operations Manager is responsible for the day-to-day administration and oversight of personal and commercial insurance programs. This role serves as the primary liaison between internal stakeholders, insurance brokers, carriers, and third-party administrators to ensure proper coverage, policy compliance, claims management, and risk mitigation.

The ideal candidate will have extensive experience managing High-Net-Worth (HNW) personal insurance portfolios as well as complex commercial insurance programs, with a strong understanding of underwriting processes, policy administration, coverage analysis, and claims resolution.

Key Responsibilities
  • Manage all aspects of the organization's personal and commercial insurance programs, including property, casualty, automobile, umbrella, workers' compensation, general liability, cyber, directors & officers (D&O), and builder's risk policies.
  • Administer High-Net-Worth (HNW) personal insurance portfolios for executives and ownership, including homes, automobiles, watercraft, aircraft, collectibles, and personal umbrella coverage.
  • Coordinate annual insurance renewals by gathering underwriting information, preparing submissions, and working closely with brokers and carriers.
  • Review and analyze policy terms, endorsements, exclusions, and coverage limits to ensure adequate protection and alignment with operational risks.
  • Conduct periodic insurance coverage audits to identify gaps, overlaps, and opportunities for cost savings.
  • Manage the issuance and tracking of certificates of insurance (COIs), auto ID cards, policy schedules, and other insurance documentation.
  • Oversee the claims process from initial reporting through final resolution, coordinating with carriers, adjusters, legal counsel, and internal stakeholders.
  • Maintain accurate insurance records, schedules, and databases, ensuring timely updates for acquisitions, disposals, and operational changes.
  • Support contract review activities by evaluating insurance requirements and verifying compliance with contractual obligations.
  • Coordinate fleet insurance administration, including vehicle additions/deletions, driver schedules, and related documentation.
  • Monitor carrier performance, claims trends, and premium expenditures, providing regular reporting and recommendations to leadership.
  • Assist with internal and external audits related to insurance and risk management.
  • Develop and maintain insurance policies, procedures, and operational controls to improve efficiency and compliance.
Qualifications
  • Bachelor's degree in Business, Risk Management, Finance, Insurance, or related field preferred.
  • 5+ years of experience in insurance operations, risk management, brokerage, or corporate insurance administration.
  • Strong knowledge of commercial insurance lines and High-Net-Worth personal insurance products.
  • Experience managing underwriting submissions, policy renewals, claims administration, and coverage analysis.
  • Familiarity with certificates of insurance, policy endorsements, auto ID card administration, and insurance compliance documentation.
  • Excellent organizational skills with exceptional attention to detail.
  • Strong analytical and problem-solving abilities.
  • Proficiency with Microsoft Office Suite and insurance management systems.
  • Professional designations such as ARM, CPCU, CIC, or CRM are a plus.
Preferred Experience
  • Corporate risk management or family office insurance administration.
  • Construction, energy, real estate, or multi-entity business insurance programs.
  • Management of executive and ownership personal insurance portfolios.
  • Working directly with insurance brokers, carriers, legal counsel, and third-party administrators.
Core Competencies
  • Insurance Program Administration
  • Risk Assessment & Coverage Analysis
  • Underwriting Coordination
  • Claims Management
  • Policy & Documentation Management
  • Contract Insurance Compliance
  • Vendor & Broker Relationship Management
  • Process Improvement & Operational Excellence
  • Confidentiality & Professional Judgment

This position plays a critical role in protecting the organization's assets and ensuring that both corporate and personal insurance programs are effectively managed, compliant, and aligned with the company's evolving operational needs.

Employment Type: FULL_TIME

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