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Operational Risk Manager Jobs in Wallingford, CT

Northwest Community Bank

RISK ANALYST

Canton, CT · On-site

... Management (ERM) program. The role will help identify, assess, and monitor risks across the organization that could impact financial performance, operations, and strategic initiatives. The Risk ...

Munich Re

Senior Cyber and Tech Risk

Hartford, CT · On-site +1

... operational resilience. Our offerings include equipment breakdown insurance and other specialty coverages (cyber, EPLI, service line, home appliances), along with a suite of risk management services ...

Munich Re

Senior Cyber and Tech Risk

Hartford, CT · On-site

... operational resilience. Our offerings include equipment breakdown insurance and other specialty coverages (cyber, EPLI, service line, home appliances), along with a suite of risk management services ...

M&T Bank

Branch Manager

Cromwell, CT

Manages all activities of a branch. Responsible for the overall success of the branch operating ... Adheres to applicable compliance/operational risk controls in accordance with Company or regulatory ...

M&T Bank

Branch Manager

Cromwell, CT · On-site

Manages all activities of a branch. Responsible for the overall success of the branch operating ... Adheres to applicable compliance/operational risk controls in accordance with Company or regulatory ...

Wells Fargo

Branch Manager Capital District

Meriden, CT · 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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All JobsOperational Risk Manager JobsOperational Risk Manager Jobs in Wallingford, CT

Operational Risk Manager information

See Wallingford, CT salary details

$47.1K

$121K

$237.6K

How much do operational risk manager jobs pay per year?

As of Jun 23, 2026, the average yearly pay for operational risk manager in Wallingford, CT is $121,035.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,700.00 and $159,400.00 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 helps ensure organizational resilience and compliance.

What does an operational risk manager do?

An operational risk manager identifies, assesses, and mitigates risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop risk management frameworks, monitor key risk indicators, and ensure compliance with regulations to protect the organization’s assets and reputation.

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 benefits. Certifications like FRM or ORM can enhance earning potential in this field.

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.

What are the 5 steps of orm?

In operational risk management (ORM), the five key steps are: identifying risks, assessing their likelihood and impact, implementing controls to mitigate risks, monitoring the effectiveness of these controls, and reviewing and improving the risk management process regularly. These steps help operational risk managers proactively manage potential threats to an organization’s operations.
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Operational Risk Manager jobs near you
RISK ANALYST

RISK ANALYST

Northwest Community Bank

Canton, CT • On-site

Full-time

Posted 8 days ago

Job description


Risk Analyst

Enterprise Risk Management | Banking

—————————————————————————

This position is does not offer remote access. It is an in-office position located in Canton, CT.

Summary of the Role

The Risk Analyst is a detail-oriented and analytical position that supports and enhances the Enterprise Risk Management (ERM) program. The role will help identify, assess, and monitor risks across the organization that could impact financial performance, operations, and strategic initiatives. The Risk Analyst will collaborate with business partners to strengthen risk awareness and ensure compliance with internal policies, regulatory expectations and audit activities.

Key Responsibilities

  • Partner with business units to perform Risk and Control Self-Assessments (RCSAs), identifying risks, evaluating controls, and recommending mitigation strategies.
  • Support administration and adherence of enterprise risk management programs, including vendor risk, information security risk, and model risk.
  • Track, manage, monitor, and report on risk issues and corrective action plans to ensure timely resolution.
  • Analyze and report Key Risk Indicators (KRIs) and Risk Appetite Statement (RAS) metrics.
  • Prepare reports, dashboards, summaries and presentations for senior management to support informed decision-making.
  • Perform data analysis to identify trends, emerging risks, and potential vulnerabilities.
  • Assist in the preparation for internal audits and regulatory examinations, including documentation, supporting planning activities, and follow-ups.
  • Support delivery of risk training and awareness initiatives across the organization
  • Collaborate cross-functionally to promote a strong risk management culture and ensure alignment with risk management practices.
  • Contribute to enhancements in risk tools, systems, and reporting processes and presentations.

Skills

Risk Control Self Assessments

Risk Management Programs & Policy

Risk Appetite Statement Metrics

Key Risk Indicators

Training

Issue Management

Data Analysis

Reporting

Collaboration

Educating Business Partners

Qualifications

  • Bachelor’s degree in Business, Finance, Accounting, or related field (or equivalent experience)
  • 2–5 years of experience in risk management, banking, finance, or compliance
  • Working knowledge of enterprise risk management frameworks and principles
  • Familiarity with Governance, Risk, and Compliance (GRC) systems preferred
  • Professional certifications such as CERP, CRCM, or similar are a plus
  • Advanced Microsoft Excel and overall proficiency in Microsoft Office applications
  • Strong analytical, problem-solving, and organizational skills
  • Excellent written and verbal communication skills
  • Ability to work independently, manage multiple priorities and meet deadlines

Why Join Us

  • Opportunity to play a meaningful role in strengthening enterprise risk management practices
  • Exposure to senior leadership and cross-functional collaboration
  • Supportive and professional team environment
  • Career growth within a regulated financial institution

Work Environment & Physical Requirements

  • Primarily office-based role requiring prolonged sitting and computer use
  • Use of standard office equipment
  • Occasional standing, walking, and light lifting (up to 10 pounds)
  • Ability to travel locally as needed

Equal Opportunity Employer

We are committed to creating an inclusive and diverse workplace. Employment decisions are based on qualifications, merit, and business needs, without regard to race, color, religion, sex, national origin, veteran status, or any other protected status.