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Vice President Operational Risk Management Jobs in Virginia

Freddie Mac

Operational Risk Professional

Mclean, VA · On-site

Freddie Mac is seeking an Operational Risk Professional to join the Investments & Capital Markets ... Support maintenance of Payment Risk Management Framework that conforms with industry leading ...

UZURV

VP Operations

Richmond, VA · On-site

A little bit about the role As the VP Operations, you will be a key executive leader architecting ... moved operational KPIs. * Education: Bachelors degree in Business, Operations Management, or a ...

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

Vice President Operational Risk Management information

See Virginia salary details

$67.9K

$154.4K

$261.7K

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

As of Jul 15, 2026, the average yearly pay for vice president operational risk management in Virginia is $154,444.00, according to ZipRecruiter salary data. Most workers in this role earn between $114,500.00 and $183,400.00 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 Virginia are hiring for Vice President Operational Risk Management jobs? Cities in Virginia with the most Vice President Operational Risk Management job openings:
Vice President Operational Risk Management jobs near you
Vice President, Sales Executive - Revenue Cycle Management Operations - Health Care

Vice President, Sales Executive - Revenue Cycle Management Operations - Health Care

Deloitte

Arlington, VA • On-site

Full-time

Re-posted 12 days ago

Deloitte rating

8.1

Company rating: 8.1 out of 10

Based on 90 frontline employees who took The Breakroom Quiz

60th of 148 rated financial services

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