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Operational Risk Manager Jobs in Virginia Beach, VA

Dollar Tree

Risk Analyst

Chesapeake, VA · On-site

We are seeking a detail-oriented professional with experience in insurance, risk management, claims, or related operations who is also a proactive, self-directed contributor able to manage competing ...

New

Aperio Global

Program Manager

Norfolk, VA

Aperio Global is seeking a PROGRAM MANAGER leading a program that provides cybersecurity operations, risk management, and compliance support for a large federal maritime organization responsible for ...

New

USAA

Manager, Claims Operations- Auto Core

Chesapeake, VA · On-site +1

$103K - $186K/yr

Drives execution of operational risk management, regulatory compliance training, policies and, procedures. We offer a flexible work environment that requires an individual to be in the office 4 days ...

USAA

Manager, Claims Operations- Auto Core

Chesapeake, VA · On-site +1

$103K - $186K/yr

Drives execution of operational risk management, regulatory compliance training, policies and, procedures. We offer a flexible work environment that requires an individual to be in the office 4 days ...

Wells Fargo

Branch Manager - Peninsula Area

Hampton, VA · On-site

You will balance growth objectives with strong operational risk management to protect customers, employees, and the company. Your onboarding starts with participation in the Branch Manager Readiness ...

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Operational Risk Manager information

See Virginia Beach, VA salary details

$44.6K

$114.6K

$224.9K

How much do operational risk manager jobs pay per year?

As of Jul 13, 2026, the average yearly pay for operational risk manager in Virginia Beach, VA is $114,553.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,800.00 and $150,900.00 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 are popular job titles related to Operational Risk Manager jobs in Virginia Beach, VA? For Operational Risk Manager jobs in Virginia Beach, VA, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Virginia Beach, VA look for? The top searched job categories for Operational Risk Manager jobs in Virginia Beach, VA are:
What cities near Virginia Beach, VA are hiring for Operational Risk Manager jobs? Cities near Virginia Beach, VA with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you

Risk Management Specialist - Norfolk, VA

W A Kendall and Company LLC

Suffolk, VA

$93K/yr

Full-time

Posted 17 days ago

Job description

Essential Functions:

  • Provides risk consulting in multiple business areas and guides to implementing solutions.
  • Analyzes data, influences others to identify risks and trends, and proactively provides oversight and guidance during risk assessments, incidents, and audits.
  • Supports collaborative environments between other risk team members and various partner groups to create an integrated and seamless risk experience for the organization.
  • Executes challenge activities to elevate areas of suspected risk and to gain assurance that risk-taking groups are appropriately representing their departments.
  • Ensures challenges are adequately documented and are audit-defensible.
  • Consults on Issue/Event analysis to observe trends and insights on changes to business departments.
  • Balances multiple priorities to help drive business value and support team objectives while managing tasks and activities related to risk management initiatives.

Competencies:

  • Knowledge of the changing regulatory environment and understanding the impact it may have on the business.
  • Knowledge of functional reviews, root cause analysis, and operational risk analysis.
  • Knowledge of risk solutions and their alignment with business initiatives.
  • Skill in problem-solving and analysis with attention to detail.
  • Skill in concisely communicating complex topics to leadership.
  • Ability to communicate effectively, collaboratively, and problem-solve effectively with employees across various levels of the organization.
  • Ability to foster a culture of collaboration.
  • Ability to prioritize well and communicate in both written and verbal forms.
  • Ability to coordinate risk management/safety efforts throughout various departments.

Work authorization requirements:

Must meet I-9 requirements.

Affirmative Action/EEO statement: Xylem Tree Experts and Kendall Vegetation Services provide equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required of the employee for this job. Duties, obligations, and activities may change at any time, with or without notice.