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Vice President Operational Risk Management Jobs in Michigan

Evolent

VP, Cardiovascular Medicine

Lansing, MI · On-site

The Vice President (VP), Cardiovascular Medicine is a key clinical executive responsible for ... Experience in health plan operations and/or managed care highly desirable * 7+ years managing teams ...

SBM Management

VP, Global Accounts

Detroit, MI · On-site

$200K/yr

The Vice President of Global Accounts will be responsible for managing national and global account ... Provide leadership, direction, and support in operation management client communication including ...

Stout Risius Ross, LLC

Vice President

Detroit, MI

Seeking a Vice President/Sr. Vice President for our growing Accounting & Reporting Advisory ... Train, develop, and manage junior team members * Participate in business development and marketing ...

Zekelman

VP, Design & Construction

Troy, MI

Quality, Safety & Risk Management * Establish and enforce rigorous quality assurance and quality ... Identify and mitigate operational, financial, design, and construction risks to minimize project ...

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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 Lending

Vice President of Lending

Zeal Credit Union

Livonia, MI • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted yesterday

Job description

Join Zeal Credit Union as the Vice President of Lending and elevate your career to a new level. This is an onsite role located at our corporate headquarters in Livonia, Michigan and is an exciting opportunity to lead a dynamic lending team that prioritizes member needs and innovative solutions. In a culture that values collaboration and high performance, you will drive strategic initiatives that shape our lending practices while promoting an environment that encourages both enjoyment and creative thinking. As a key player, your empathetic leadership will empower others to navigate challenges effectively, making a tangible impact on our members' financial journeys. You will be given great benefits such as Medical, Dental, Vision, 401(k), Life Insurance, Health Savings Account, Flexible Spending Account, and Paid Time Off. Embrace this chance to be a part of a forward-thinking organization that values character and passion in every endeavor.

Seize the opportunity to make a difference within a thriving credit union community.

What would you do as a Vice President of Lending?

The Vice President of Lending at Zeal Credit Union plays a pivotal role in shaping the organization's lending strategy and ensuring its alignment with our mission and goals. This position oversees Consumer, Mortgage, and Commercial lending functions while leading the lending department staff through effective hiring, training, and performance management. The VP collaborates in strategic planning, developing policies that comply with regulations and enhance member satisfaction. By championing member-centric processes and leveraging technology, you will optimize loan origination and servicing systems. Additionally, you will set target goals, provide mentoring, and monitor loan operations to achieve strategic objectives.

Staying informed on industry trends and risks is crucial for adapting lending practices, while also evaluating new lending products for competitiveness. This role entails budget oversight, vendor management, and cross-departmental collaboration to ensure the success of lending initiatives and drive member engagement.

What we're looking for in a Vice President of Lending

To excel as the Vice President of Lending at Zeal Credit Union, candidates should possess 7 to 10 years of lending and leadership experience, along with a Bachelor's Degree in Business Administration or a related field. A deep understanding of the secondary market and a proven track record in first and second mortgage residential real estate lending are essential. Proficiency in navigating lending regulations, along with experience in budget management, will be critical to ensuring compliance and operational efficiency. Strong verbal and written communication skills are required for effective collaboration and reporting, while excellent organizational abilities and attention to detail are necessary to oversee complex financial information and calculations.

Candidates should also demonstrate strong analytical and problem-solving skills, and have a thorough understanding of lending and collection regulations, lien laws, and loan documentation. This combination of skills will enable the VP to lead the lending department successfully and achieve strategic objectives.

Knowledge and skills required for the position are:

  • 7 to 10 years of lending and leadership experience
  • Bachelor’s Degree in Business Administration or related field
  • Knowledge of the secondary market and experience with first and second mortgage residential real estate lending and must have proven track record of selling and servicing loans
  • Working knowledge of regulations affecting lending
  • Experience in budget management.
  • Excellent verbal and written communication skills
  • Ability to organize and analyze financial information and to accurately perform complex financial calculations.
  • Excellent organizational skills and attention to detail
  • Strong analytical and problem-solving skills
  • Thorough and detailed understanding of lending and collection/bankruptcy regulations lien laws and loan documentation
  • Punctuality and regular onsite attendance 
Will you join our team?

So, what do you think? If you feel this is the right job for you, go ahead and apply! We look forward to meeting you!

Zeal Credit Union is committed to a policy of equal treatment and opportunity in every aspect of its relations with employees, without regard to race, sex, color, religion, gender identity, sexual orientation, height, weight, national origin, citizenship status, age, military or veteran status, or disability, or any other classification protected by applicable federal, state or municipal law. Applicants may request accommodation during the application process by contacting 800-321-8570 OR mail-HumanResource@zealcu.org.

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