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Operational Risk VP

New York, NY · On-site

The incumbent will be responsible for the oversight of the operational risk management framework and program including IT risk management, business continuity planning. The VP will be responsible for ...

Corpay

What We Need CORPAY is currently looking to hire a VP, Operational Excellence, within our ... Partnering with Product, Technology, Program Management, Operations, Risk, Compliance, and other ...

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Vice President Operational Risk Management information

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$68.5K

$155.8K

$264K

How much do vice president operational risk management jobs pay per year?

As of Sep 12, 2026, the average yearly pay for vice president operational risk management in the United States is $155,780.00, according to ZipRecruiter salary data. Most workers in this role earn between $115,500.00 and $185,000.00 per year, depending on experience, location, and employer.

What does a vice president of operational risk management do?

A Vice President of Operational Risk Management is responsible for identifying, assessing, and mitigating risks that could impact the operations of an organization. They develop risk management strategies, establish policies and procedures, and ensure compliance with relevant regulations. This role involves collaborating with various departments to promote a risk-aware culture and to implement effective risk controls. Additionally, they often oversee risk assessments, incident investigations, and the reporting of risk exposures to senior leadership.

What are the key skills and qualifications needed to thrive as a vice president of operational risk management?

To thrive as a Vice President of Operational Risk Management, you need deep expertise in risk assessment, regulatory compliance, and business process analysis, typically supported by a bachelor’s or master’s degree in finance, risk management, or a related field. Familiarity with risk management frameworks (such as COSO and ISO 31000), governance tools, and certifications like FRM or ORM are highly valuable. Exceptional communication, leadership, and critical thinking skills help effectively guide teams and influence organizational culture. These competencies are crucial to proactively identifying, assessing, and mitigating operational risks that could impact an organization’s performance and reputation.

What are some common challenges faced by a vice president of operational risk management, and how are they typically addressed?

A Vice President of Operational Risk Management often faces the challenge of balancing risk mitigation with business objectives, especially in rapidly changing regulatory environments. They must ensure that risk management frameworks are robust yet adaptable, and that teams across the organization are aligned in their understanding and implementation of risk controls. Collaboration with business units, compliance, and internal audit is essential to proactively identify and address potential risks. Regular training, strong communication, and fostering a risk-aware culture help address these challenges and drive continuous improvement.

What is the difference between Vice President Operational Risk Management vs Risk Manager?

AspectVice President Operational Risk ManagementRisk Manager
CredentialsAdvanced degrees (MBA, Risk Management certifications)Bachelor's or Master's in related fields, certifications like CRM or FRM
Work EnvironmentStrategic leadership, executive meetings, policy developmentOperational risk assessments, reporting, and implementation
Employer & Industry UsageFinancial institutions, large corporations, bankingFinancial services, insurance, corporate risk departments

The Vice President of Operational Risk Management typically oversees risk strategies at an executive level, focusing on policy and strategic risk mitigation. In contrast, Risk Managers handle day-to-day risk assessments and operational controls. Both roles require risk management credentials and are vital in financial and corporate sectors, but the VP role involves higher-level decision-making and leadership responsibilities.

What cities are hiring for Vice President Operational Risk Management jobs?

Cities with the most Vice President Operational Risk Management job openings:

What states have the most Vice President Operational Risk Management jobs?

States with the most job openings for Vice President Operational Risk Management jobs include:

What are popular job titles related to Vice President Operational Risk Management jobs?

For Vice President Operational Risk Management jobs, the most frequently searched job titles are:

Vice President Operational Risk Management jobs near you
Infographic showing various Vice President Operational Risk Management job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 13% Part Time, and 2% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $155,780 per year, or $74.9 per hour.

Vice President, Operational Risk Framework

Pittsburgh, PA • On-site

BNY Mellon
Finance and Insurance • 10K+ employees
Learn more about BNY Mellonexternal

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 17 days ago

BNY Mellon rating

7.5

Company rating: 7.5 out of 10

Based on 53 frontline employees who took The Breakroom Quiz

Job description


We're seeking a future team member for the role of Vice President, Operational Risk Framework to join Operational Risk team. This role is located in Pittsburgh, PA.
In this role, you'll make an impact in the following ways:
  • As a Vice President in the Operational Risk Framework Program, you will play a pivotal role in strengthening BNY's risk management framework by leading the design, implementation, and continuous improvement of the Operational Risk Event and Metrics Programs.
  • You will ensure alignment with regulatory requirements and industry best practices while driving collaboration and seamless integration between Events, Limits and Indicators Programs
  • Support team in ownership of operational risk policies, procedures, and training, driving consistent first- and second-line execution, strengthening risk governance, and supporting effective stakeholder adoption.
  • Drive initiatives to enhance the Operational Risk framework by fostering cross-program collaboration and integration, ensuring consistency and synergy across the operational risk management programs.
  • Collaborate closely with first line partners and other program leads to ensure timely identification, assessment, escalation, and event remediation in an integrated and efficient manner.
  • Develop and optimize end-to-end risk processes, workflows, and tools that support cross-program data sharing, reporting, and risk insights to improve efficiency and effectiveness.
  • Monitor regulatory developments and industry trends to proactively update the risk framework and maintain compliance, ensuring alignment with other risk and control programs.
  • Prepare and present integrated reports, dashboards, and insights on risk and control outcomes, risk trends, and remediation progress to senior management and governance committees, highlighting cross-program risk perspectives.
  • Foster strong partnerships across business units, risk functions, and other program teams to embed integrated risk practices into daily operations and decision-making.

To be successful in this role, we're seeking the following:
  • 6-10 years of experience in risk management, control frameworks, or compliance within a financial services environment, with demonstrated success in cross-program integration.
  • Strong knowledge of risk methodologies and second line of defense responsibilities, including experience integrating multiple risk and control programs.
  • Excellent stakeholder management and communication skills, with experience working across multiple business lines and risk programs.
  • Ability to analyze complex risk data across programs and translate into actionable insights for senior leadership.
  • Familiarity in Risk Assessment Programs such as Operational Risk Event Management, Issue Management, Risk Appetite Limits and Key Risk Indicators.

About Us
At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.
Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.
About the Team
At BNY, our culture speaks for itself, check out the latest BNY news at BNY Newsroom & BNY LinkedIn
Here's a few of our recent awards:
  • America's Most Innovative Companies, Fortune, 2025
  • World's Most Admired Companies, Fortune 2025
  • "Most Just Companies", Just Capital and CNBC, 2025

Our Benefits and Rewards:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting.
Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
If hired, the employee will be in an "at will" position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

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About BNY Mellon

Sourced by ZipRecruiter

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Dec. 31, 2021, BNY Mellon had $46.7 trillion in assets under custody and/or administration, and $2.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com . Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

New York, NY, US

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