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Operational Risk Jobs in Baltimore, MD (NOW HIRING)

Director of Facilities Operations

MD · On-site

$120K - $150K/yr

Manage vendor, subcontractor, and operational risk performance to ensure compliance, service quality, workforce readiness, and contract success. * Lead workforce planning, hiring, onboarding ...

Rowe Price. The Investment Risk team is part of the firm's Enterprise Risk Group, with 38 ... operations research, engineering, computer science, or physics. * 5+ years of direct experience in ...

Showing results 41-60

Operational Risk information

See Baltimore, MD salary details

$38.8K

$85.3K

$154K

How much do operational risk jobs pay per year?

As of Aug 15, 2026, the average yearly pay for operational risk in Baltimore, MD is $85,293.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,100.00 and $103,800.00 per year, depending on experience, location, and employer.

How does an operational risk professional typically interact with other departments within an organization?

Operational Risk professionals work closely with a variety of teams, such as compliance, internal audit, IT, and business units, to identify and assess risks that could impact the organization's operations. They often facilitate risk assessments, lead training sessions on risk awareness, and collaborate on developing controls and mitigation strategies. Building strong relationships and communicating effectively across departments is essential, as much of the role involves influencing others and ensuring risk management practices are integrated into daily operations.

What is operational risk?

Operational risk refers to the potential for losses resulting from inadequate or failed internal processes, people, systems, or external events. Unlike credit or market risk, operational risk is related to the day-to-day operations of a business and can include issues such as fraud, system failures, natural disasters, or human error. Managing operational risk is essential for organizations to ensure business continuity, regulatory compliance, and to protect their reputation and assets.

What is the difference between Operational Risk vs Credit Analyst?

AspectOperational RiskCredit Analyst
Required CredentialsCertifications like FRM, PRM often preferredCertifications such as CFA, credit-specific courses
Work EnvironmentBanking, financial institutions, risk management departmentsBanking, lending institutions, financial services
Employer & Industry UsageUsed across financial sectors to manage risksUsed in lending to assess creditworthiness
Comparison Search IntentUnderstanding risk management rolesAssessing credit risk and loan eligibility

Operational Risk focuses on identifying and mitigating risks within business operations, including processes, systems, and people. Credit Analysts evaluate the creditworthiness of individuals or companies to determine loan eligibility. While both roles are within the financial industry, Operational Risk professionals concentrate on risk management frameworks, whereas Credit Analysts focus on credit assessment and lending decisions.

What are the key skills and qualifications needed to thrive as an operational risk professional, and why are they important?

To thrive as an Operational Risk professional, you need strong analytical skills, risk assessment expertise, and a background in finance, business, or risk management, often supported by relevant certifications such as FRM or ORM. Familiarity with risk management frameworks, data analysis tools, and governance, risk, and compliance (GRC) systems is typically required. Exceptional communication, attention to detail, and problem-solving abilities are crucial soft skills for identifying risks and collaborating across departments. These skills ensure that operational risks are effectively identified, assessed, and mitigated, protecting the organization from potential losses and regulatory issues.

What are the most commonly searched types of Operational Risk jobs in Baltimore, MD?

The most popular types of Operational Risk jobs in Baltimore, MD are:

What are popular job titles related to Operational Risk jobs in Baltimore, MD?

For Operational Risk jobs in Baltimore, MD, the most frequently searched job titles are:

Infographic showing various Operational Risk job openings in Baltimore, MD as of August 2026, with employment types broken down into 85% Full Time, 12% Part Time, and 3% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $85,293 per year, or $41 per hour.

Risk Manager (Perm/FT/Benefits)

Harford County, MD

Bel Air, MD • On-site

$78K - $165K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 17 days ago


Harford County rating

8.5

Company rating: 8.5 out of 10

Based on 9 frontline employees who took The Breakroom Quiz

217th of 846 rated public administrative organizations


Job description

Job Description Summary:
This is a responsible managerial position involving leading, oversight and operation of the County's Risk Management Division, a division of the Department of Law. An employee in this position exercises independent judgment, initiative, and discretion in managing, guiding, leading, and directing the Risk Management Division and reports to the County Attorney.
The Risk Manager directly supervises the Risk Management Specialist, Claims Adjuster, Safety Compliance Officer and Risk Management Assistant.
The Risk Manager guides the County's Fleet Management staff to provide information necessary to address vehicle repairs, and subrogation program for vehicle property damage. Assists with telematics.
Incumbent regularly works and coordinates with departmental directors and deputy directors to provide roll-out, training and management of workplace safety, workplace loss prevention and reduction, and workplace reporting and compliance protocols, operating procedures and initiatives. Incumbent plans, directs, implements, and manages the County's insurance programs and excess liability and claims/loss reporting programs. Incumbent works with Treasury to manage Self-Insurance Fund expenditures related to general liability, auto liability, workers compensation claims and assists with prep of or prepares annual compliance reports. Incumbent manages subrogation programs for collection of personal injury and property damage claims against third parties who have injured the County and County officials and employees in the course of their performance of work within their scope of employment. Incumbent is integrally involved with the programs protecting and preserving County human, property and financial resources.
The Risk Manager maintains professional contacts to include attorneys; accountants; County departments and agencies covered by self-insurance programs or policies; claimants; consultants, and elected officials. The Risk Manager is responsible for collaborating with county management regarding employee occupational health and safety programs to ensure compliance with all Federal OSHA and Maryland MOSH regulations.
Job Description:
Salary Range: $78,036.00 - $165,762.00
BUDGETED SALARY: $100,000.00 - $130,000.00
EXAMPLES OF WORK: (The following examples illustrate the work performed in a position in the class. Position may require some or all of these examples depending on the organization of work within the department. The list is not all-inclusive. A position may require related duties not listed, if necessary, to accomplish the work of the department.)
  • Manages the county self-insurance program and all insurance policies, including but not limited to general liability, automobile liability, property liability, cyber liability, pollution liability, Maryland Motor Vehicle Administration self-insurance regulations, and workers' compensation; recommends appropriate levels of all insurance coverage.
  • Administers budgets for self-insurance funds, as well as operating budget for the division; defends same before approving officials.
  • Analyzes and classifies risk as to frequency and potential severity and measures financial impact of risk to County.
  • Reviews and evaluates departmental operations for the purpose of identifying losses that could be managed and reduced through employee training and improved policies/SOPs.
  • Works with Department of Treasury and Third Party TPA on annual loss reports and identification of loess trends.
  • Reviews all claims against County; confers with Law Department attorneys and claims administrative service concerning payment or denial and actions related to resolving claims.
  • Reviews and evaluates operating practices for the purpose of identifying various degrees of risk exposure; determines proper course of action to minimize detrimental recurring actions in the future.
  • Works with the Department of Procurement for insurance RFPs.
  • Conducts or arranges for programs of safety education for County employees, including, but not limited to safety regulations, safety overview training for new county employees, first aid, CPR, Hazard Communication, confined space, and safe vehicle/equipment operation.
  • Stay abreast of OSHA and MOSH regulations, ensure the county's compliance with the regulations and other State mandates.
  • Works with the Department of Information and Communications Technology on cyber security programs to minimize cyber security insurance coverage losses.
  • Provides 24/7 on-call coverage for incidents/emergencies involving Harford County property and employees.
  • Coordinates the inspection of Harford County properties, job sites and equipment on a routine basis for safety hazards, verifying adherence to all safety regulations and recommend corrective action where necessary.
  • Reviews MPIA requests for video evidence from County facilities.
  • Conducts or arranges programs of safety education for County employees, including, but not limited to safety regulations, first aid, CPR, Hazard Communication, confined space, safe vehicle, and equipment operation.
  • Serves as the Chairperson of the Safety Accident Review Board (SARB).
  • Coordinates Post Accident and Reasonable Suspicion Drug and Alcohol testing for employees.
  • Serves as the County investigator in the absence of the Risk Management Specialist for all County personnel matters requiring an internal investigation.
  • Periodically reports losses to Department directors/deputy directors and division managers to help them understand where losses are occurring and to explore changes that might lead to loss reduction.
  • Perform other duties as determined by the County Attorney and the Administration.
  • Performance is evaluated by the County Attorney based on success of achieving administrative goals.

Minimum Qualification Requirements
KNOWLEDGE, SKILLS, AND ABILITIES:
  • Thorough knowledge of risk management and loss control practices.
  • Thorough knowledge of types of commercial insurance (e.g. CGL, employment liability, cyber security, workers compensation, police liability, etc.) and general knowledge of policies and policy extensions.
  • Thorough knowledge of claims investigation and processes, and processes and workforce safety requirements.
  • Knowledge of budgetary processes.
  • Ability to analyze insurance policies recommend appropriate levels of coverage.
  • Ability to formulate and deliver workplace safety and risk avoidance/minimization training.
  • Ability to communicate effectively, both orally and in writing; to prepare comprehensive reports.
  • Ability to establish effective working relationships with management, employees, public and private sector representatives.
  • Ability to manage and collaborate with third party administrators.

EDUCATION:
Graduation from an accredited college or university with an Associates Degree (or higher), in Business Administration, Public Administration, Business Management, Risk Management or a closely related field.
EXPERIENCE:
Four (4) years of experience in at least two of the following areas:
1. Administration of programs for purposes of preventing/minimizing property loss/personal injury;
2. Administration and implementation of safety protocols;
3. Administration of a self-insurance/commercially available insurance programs;
4. Determination and evaluation of loss exposures and implementation of programs and training;
5. Property, liability or workers' compensation claims investigation and/or adjustment practices and subrogation processes; or,
6. Insurance administration.
ESSENTIAL PHYSICAL FUNCTIONS:
Work alternates between sedentary in nature and being active with intermittent periods of driving, standing, walking, bending, lifting, pulling and pushing up to 50 pounds and applying up to 70 pounds of force.
  • Incumbent must have good reading vision.
  • Incumbent must have excellent hand and wrist dexterity to manage calls while entering and recording information.
  • Incumbent must have good auditory skills.
  • Incumbent must have good speaking skills and be readily understandable by others and capable of responding quickly to others.
  • Incumbent must assimilate and analyze inputs and information quickly and make wise decisions on responsive actions.

TECHNICAL SKILLS:
  • Must be proficient using Microsoft Office suite of applications.
  • Must be proficient using Adobe Pro.
  • Must have the ability to learn the use of, and proficiently use data, informational and scheduling applications.

LICENSES:
A valid Class "C" non-commercial driver's license with no more than three (3) points.
EQUAL OPPORTUNITY EMPLOYER STATEMENT:
Harford County Government is an equal opportunity employer and is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, sexual orientation, genetic information, veteran status, or any other protected status in accordance with applicable federal, state, and local law.
SAFETY:
Must comply with all Federal (OSHA), State of Maryland (MOSH), safety regulations and applicable Harford County safety policies, procedures, or manual as required for this position.
COMPENSATION:
Other compensation may include but is not limited to:

  • Overtime
  • Compensatory time
  • Shift Differentials

BENEFITS:
Harford County offers an exceptional benefits package that includes:
  • Health, Dental & Vision insurance
  • Flexible Spending Accounts
  • State Retirement Plan and Deferred Compensation
  • Long Term Disability, and Life Insurance for Employee, Spouse, and Children
  • Generous Leave Package & Paid Holidays
  • Tuition Reimbursement

LICENSE & CERTIFICATION:
A valid Class C non-commercial drivers license with no more than three (3) points.
Notes:

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