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Vice President Operational Risk Jobs in New York

Risk | Integrated Risk Americas | Vice President, Integrated Risk | New York About ING : In the Americas, ING's Wholesale Banking division offers a broad range of innovative financial products and ...

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Vice President Operational Risk information

See New York salary details

$59.1K

$175.1K

$290.8K

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

As of Sep 12, 2026, the average yearly pay for vice president operational risk in New York is $175,075.00, according to ZipRecruiter salary data. Most workers in this role earn between $129,400.00 and $208,100.00 per year, depending on experience, location, and employer.

What does a vice president of operational risk do?

A Vice President of Operational Risk is responsible for identifying, assessing, and mitigating risks that could impact an organization's operations. They develop risk management strategies, policies, and procedures to minimize losses due to system failures, fraud, human error, or external events. This role often involves collaborating with other departments, overseeing risk assessments, and ensuring compliance with regulatory requirements. Additionally, they may lead teams and report on risk exposures to senior management. The ultimate goal is to protect the organization's assets and reputation while supporting business objectives.

How does a vice president of operational risk typically collaborate with other departments to manage risk across the organization?

A Vice President of Operational Risk frequently works cross-functionally with departments such as compliance, internal audit, IT, and business operations to identify, assess, and mitigate potential risks. This collaboration often involves leading risk assessments, developing risk mitigation strategies, and ensuring consistent risk management practices across teams. Regular meetings, reporting, and training sessions help to align all departments with the organization's risk appetite and regulatory requirements. Such teamwork is essential for proactively addressing emerging risks and fostering a culture of risk awareness throughout the organization.

What are the key skills and qualifications needed to thrive as a vice president of operational risk, and why are they important?

To thrive as a Vice President Operational Risk, you need deep expertise in risk management frameworks, regulatory compliance, and financial services operations, often supported by an advanced degree and relevant certifications like FRM or CRISC. Proficiency with risk assessment tools, data analytics platforms, and governance, risk, and compliance (GRC) systems is typical. Outstanding leadership, strategic thinking, and communication skills distinguish top performers in this role. These skills are essential for effectively identifying, mitigating, and communicating operational risks to protect the organization's reputation and financial stability.

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

AspectVice President Operational RiskRisk Manager
CredentialsBachelor's/Master's in Finance, Risk Management, or related fields; certifications like FRM or CRM often preferredBachelor's degree in Finance, Risk Management, or related fields; certifications like FRM or CRM beneficial
Work EnvironmentStrategic, leadership-focused, overseeing risk policies across departmentsOperational, analyzing and managing specific risk areas within teams
Employer & Industry UsageCommon in banking, finance, and large corporations with complex risk frameworksFound across industries, including banking, insurance, and corporate sectors

The Vice President Operational Risk typically holds a senior leadership role, focusing on strategic risk oversight and policy development, while the Risk Manager handles day-to-day risk assessments and mitigation within specific areas. Both roles require relevant certifications and experience but differ mainly in scope and responsibility.

What are the most commonly searched types of Operational Risk jobs in New York?

The most popular types of Operational Risk jobs in New York are:

What are popular job titles related to Vice President Operational Risk jobs in New York?

For Vice President Operational Risk jobs in New York, the most frequently searched job titles are:

What cities in New York are hiring for Vice President Operational Risk jobs?

Cities in New York with the most Vice President Operational Risk job openings:

Infographic showing various Vice President Operational Risk job openings in New York as of August 2026, with employment types broken down into 87% Full Time, 12% Part Time, and 1% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $175,075 per year, or $84.2 per hour.

Vice President, 1LoD Risk and Controls

Manhattan, NY • On-site

BNY
10K+ employees

Full-time

This job post has expired 2 days ago. Applications are no longer accepted.


Job description

We’re seeking a future team member for the role of Vice President, 1LoD Risk Controls Specialist to join our Payments Enablement team. This role is located in New York, NY. 

In this role, you’ll make an impact in the following ways: 

  • Deliver high-quality RCSA execution, including risk identification, control mapping, assessment, and documentation
  • Provide coordination and execution of issue management, ORE management, new product approvals, business process change, and control telemetry for the Platform, continuously identifying opportunities for improvement and leading optimization efforts
  • Monitor and report the status of 1RC program deliverables, proactively identifying and solutioning for challenges/blockers, and analyze trends and repeat issues identified; integrating outcomes into reporting
  • Identify, challenge, and escalate asks and initiatives that go beyond the scope of 1RC program responsibilities
  • Champion the root cause, remediation and reporting of key incidents, issues management, controls assessments, issues as relevant to the Platform 

To be successful in this role, we’re seeking the following: 

  • 5-10 Years of total work experience preferred.
  • Strong knowledge of operational risk frameworks, including RCSA, EBCA, and RCAT.
  • Experience in issue management, root cause analysis, ORE management, and scenario analytics.
  • Understanding of control design, control mapping, and control testing.
  • Ability to interpret KRI and telemetry data effectively.
  • Strong analytical and structured problem-solving capabilities.
  • Effective risk communication skills.
  • Professional skepticism and ability to provide credible challenge.
  • Ability to collaborate across 1LoD, 2LoD, and 3LoD teams.
  • Demonstrated ownership and proactive escalation mindset.