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Operational Risk Manager Jobs in Warwick, RI (NOW HIRING)

The Manager of Operational Risk Management (ORM) would support ORM program elements for several Enterprise Service functions. Finance, HR, and Legal areas for ORM.. In supporting the ORM oversight ...

Operational Risk Manager (ORM) The Operational Risk Manager (ORM) serves as the regional leader for operational risk mitigation, safety, and compliance. This role is responsible for driving a culture ...

Description The Manager of Operational Risk Management (ORM) would support ORM program elements for several Enterprise Service functions. Finance, HR, and Legal areas for ORM.. In supporting the ORM ...

Description The Manager of Operational Risk Management (ORM) would support ORM program elements for several Enterprise Service functions. Finance, HR, and Legal areas for ORM.. In supporting the ORM ...

Operational Risk Manager

Pawtucket, RI · On-site

$110K - $135K/yr

Operational Risk Manager (ORM) The Operational Risk Manager (ORM) serves as the regional leader for operational risk mitigation, safety, and compliance. This role is responsible for driving a culture ...

Operational Risk Manager

Providence, RI · On-site

$110K - $135K/yr

Operational Risk Manager (ORM) The Operational Risk Manager (ORM) serves as the regional leader for operational risk mitigation, safety, and compliance. This role is responsible for driving a culture ...

Operational Risk Manager

Cranston, RI · On-site

$110K - $135K/yr

Operational Risk Manager (ORM) The Operational Risk Manager (ORM) serves as the regional leader for operational risk mitigation, safety, and compliance. This role is responsible for driving a culture ...

This role serves as the operational backbone of the risk organization, partnering closely with business stakeholders and Senior Risk Managers to ensure risks are identified, controls are effectively ...

This role serves as the operational backbone of the risk organization, partnering closely with business stakeholders and Senior Risk Managers to ensure risks are identified, controls are effectively ...

Provide ongoing operational risk consultation to partners to influence process changes and management support with balanced and effective solutions. * Strategy Development & Implementation:

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Operational Risk Manager information

See Warwick, RI salary details

$47.1K

$121K

$237.6K

How much do operational risk manager jobs pay per year?

As of Jul 26, 2026, the average yearly pay for operational risk manager in Warwick, RI 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 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.

What job categories do people searching Operational Risk Manager jobs in Warwick, RI look for? The top searched job categories for Operational Risk Manager jobs in Warwick, RI are:
What cities near Warwick, RI are hiring for Operational Risk Manager jobs? Cities near Warwick, RI with the most Operational Risk Manager job openings:
Operational Risk Manager

Operational Risk Manager

Citizens

Johnston, RI • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 2 days ago


Job description

The Manager of Operational Risk Management (ORM) would support ORM program elements for several Enterprise Service functions. Finance, HR, and Legal areas for ORM.. In supporting the ORM oversight function, business lines supported include: Finance, HR, and Legal and possibly other Business Services functions. This role assists in ensuring that the business First Line of Defense function appropriately manages the risks relative to the units' business activities. This may include all aspects of material risk related to how the business develops, launches, sells and processes products and services. The role helps to establish and maintain strong relationships across lines of defense to ensure all aspects of the Operational Risk Management framework are delivered according to policy and business strategy. The role may be collocated as needed with the relevant business and must be actively engaged to support the business with providing domain relevant advice, monitoring, and credible expert challenge to ensure the independent Operational Risk Program is effectively implemented.

Primary responsibilities include

  • Partner and collaborate for success with management, Risk, and Legal colleagues to ensure timely identification, mitigation, resolution and reporting/escalation of existing, emerging and upstream risks and issues. Work with business units to ensure a strong Risk and Compliance culture and control environment awareness. Serve as an advisor to the business unit colleagues and risk management.
  • Provide day-to-day support to Operational Risk leadership with knowledge and expertise on the appropriate implementation of Regulations, Rules and industry standards through procedures, other guidelines, and industry best practices.
  • Provide regulatory expertise and solutions on complex risk and compliance issues based upon understanding of business unit's activities and products.
  • Support the Risk Division/Oversight strategy, to build, synthesize and communicate a comprehensive, principle-based view of risk management; implement robust oversight programs to ensure an effective, credible challenge and opinion as a second line function.
  • Continuously improve upon framework implementation strategy with business management, Business Unit Risk Management, and other Risk colleagues to ensure an open, adequate and effective risk mitigation culture.
  • Ensure appropriate exam outcomes through exam management protocols.
  • Research and analyze risk trends and industry benchmarking to prepare for and monitor upstream risks and issues.
  • Ensure engagement with the team, as an individual contributor, to enable the supported business to remain current with Operational Risk frameworks in a well-controlled environment in tandem with Citizens' strategic goals as well as industry best practices.
  • Take a proactive approach to advance teamwork, transparency, and accountability.

Qualifications, Education, Certifications and/or Other Professional Credentials

  • 3-6 years of relevant experience within the Banking Industry, Financial Services, compliance, Front Line Risk, Operational Risk, Internal Audit, and/or Regulatory Agency
  • Operational Risk Management, Audit, or related Business Line experience.
  • Experience with Operational Risk management Frameworks to include Issues Management, and Control Assessment.
  • Knowledge of regulatory guidance pertaining to Enterprise and Operational Risk.
  • Familiarity with Governance Risk and Control (GRC) tools (Archer preferred).
  • Technical proficiency in Microsoft Excel, Word Visio, and PowerPoint.
  • Strong analytical capabilities to provide data-centric insights.
  • Excellent communication skills and experience producing high-quality materials for management consumption.
  • Strong project management skills: ability to prioritize tasks, meet deadlines, and manage multiple projects simultaneously.
  • Bachelor's Degree: Accounting, Business, Risk Management, Finance, Economics or equivalent field or equivalent work experience. 
  • License or Certification: preferred by not required
  • Hours per Week: 40
  • Work Schedule: Monday-Friday

Education

  • Bachelor's Degree: Accounting, Business, Risk Management, Finance, Economics or equivalent field or equivalent work experience.
  • License or Certification: preferred by not required

Pay Transparency

The salary range for this position is $91,000 - $121,00 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the budget, work location, and relevant skills and experience.

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens' paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.

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Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.

Equal Employment and Opportunity Employer

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Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.