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Vice President Operational Risk Management Jobs in Michigan

PSG

VICE PRESIDENT, OPERATIONS

Detroit, MI · On-site

The VP of Operations will lead manufacturing functions across multi-site plant facilities, ensuring excellence in manufacturing, quality, operations, inventory management, and EHS. RESPONSIBILITIES:

Sun, Inc.

VP, Asset Management

Southfield, MI · On-site

Partner with Finance, Investments, and Operations leadership to guide budgeting, forecasting, and ... risk management frameworks. * Establish and maintain best-in-class asset management standards ...

Sun RV Resorts

VP, Asset Management

Southfield, MI

Partner with Finance, Investments, and Operations leadership to guide budgeting, forecasting, and ... risk management frameworks. * Establish and maintain best-in-class asset management standards ...

Lake Trust Credit Union

VP, Lending

Brighton, MI · On-site

Lead the strategy, operations, and performance of Consumer Direct and Home Equity Real Estate ... Manage strategic risk and monitor lending KPIs, profitability, portfolio health, risk trends, and ...

Avancer

Vice President of Operations

Grand Rapids, MI · On-site

Collaborate on supplier development initiatives to improve quality, delivery, cost, and risk ... Establish and manage operational budgets and capital plans. * Own COGP performance and ensure ...

Eccalon LLC

Vice President of Cybersecurity

Detroit, MI · Hybrid

$148K - $186K/yr

The Vice President of Cybersecurity serves as Eccalon's senior-most cybersecurity executive ... manage cyber risk and regulatory exposure * Security Architecture & Operations * Oversee secure ...

Avancer

Vice President of Operations

Grand Rapids, MI · On-site

Collaborate on supplier development initiatives to improve quality, delivery, cost, and risk ... Establish and manage operational budgets and capital plans. * Own COGP performance and ensure ...

Lake Trust Credit Union

VP, Lending

Brighton, MI · On-site

$132K - $170K/yr

Lead the strategy, operations, and performance of Consumer Direct and Home Equity Real Estate ... Manage strategic risk and monitor lending KPIs, profitability, portfolio health, risk trends, and ...

Lake Trust Credit Union

VP, Lending

Brighton, MI · On-site

$132K - $170K/yr

Lead the strategy, operations, and performance of Consumer Direct and Home Equity Real Estate ... Manage strategic risk and monitor lending KPIs, profitability, portfolio health, risk trends, and ...

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All JobsVice President Operational Risk Management JobsVice President Operational Risk Management Jobs in Michigan

Vice President Operational Risk Management information

See Michigan salary details

$59.7K

$135.8K

$230.1K

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

As of Jul 13, 2026, the average yearly pay for vice president operational risk management in Michigan is $135,777.00, according to ZipRecruiter salary data. Most workers in this role earn between $100,700.00 and $161,200.00 per year, depending on experience, location, and employer.

How much does a VP of risk management make?

A Vice President of Operational Risk Management typically earns between $120,000 and $200,000 annually, with total compensation often including bonuses and benefits. Salaries vary based on industry, company size, location, and experience, and the role requires strong analytical skills and risk assessment expertise.

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 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, and why are they important?

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 is the salary of VP risk?

The salary of a Vice President in Operational Risk Management typically ranges from $120,000 to $200,000 annually, depending on the industry, location, and experience level. Senior VPs or those in major financial centers may earn higher compensation, often supplemented with bonuses and benefits. Certifications like FRM or ORM can also influence salary levels.

What does a VP of risk management do?

A Vice President of Risk Management oversees an organization's strategies to identify, assess, and mitigate operational risks. They develop policies, implement risk controls, and collaborate with other departments to ensure compliance and minimize potential losses, often using risk management tools and data analysis. This role requires strong leadership, industry knowledge, and often relevant certifications such as FRM or CRM.

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 in Michigan are hiring for Vice President Operational Risk Management jobs? Cities in Michigan with the most Vice President Operational Risk Management job openings:
Vice President Operational Risk Management jobs near you

Vice President of Enterprise Risk Management

LOC Credit Union

Farmington, MI • On-site

Full-time

Medical, Dental, Vision, Life, PTO

This job post has expired today. Applications are no longer accepted.

Job description

LOC Credit Union is looking for an experienced Vice President of Enterprise Risk Management to lead our compliance, risk management, and audit programs while ensuring the Credit Union remains compliant with all applicable laws and regulations. This role serves as a trusted advisor to leadership, oversees the Bank Secrecy Act (BSA) program, vendor management, policy governance, fraud prevention, audits, and overall enterprise risk management and much more.


What You'll Do:

  • Lead regulatory compliance, BSA/AML, OFAC, and enterprise risk management programs.
  • Oversee internal and external audits, vendor management, policy administration, contract management, and complaint management.
  • Monitor regulatory changes and advise leadership on compliance impacts.
  • Review member-facing communications, marketing, and disclosures for compliance.
  • Develop fraud prevention strategies and oversee compliance-related risk assessments.
  • Partner with leadership to strengthen internal controls and promote a culture of compliance.

What You'll Bring:

  • Experience in financial institution compliance, risk management, or audit.
  • Strong knowledge of BSA/AML, OFAC, consumer regulations, and regulatory requirements.
  • Excellent leadership, communication, organizational, and analytical skills.
  • Ability to manage multiple priorities while maintaining a high level of confidentiality and accuracy.

Compensation & Benefits:

Enjoy a strong starting salary backed by an excellent benefits package including health, dental, vision, life insurance and more.


Work/Life Balance:

15 paid holidays off, which includes your birthday (yes, really!), and generous paid time off (PTO).


If you're a collaborative leader with passion for regulatory excellence and protecting the organization and its members, we'd love to hear from you.

Apply