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Vice President Operational Risk Jobs in Washington

asrcfh

VP of Operational Excellence

Reston, VA

The VP of Operational Excellence will integrate and implement (across all business lines) Program ... risk management, and continuous improvement functions to achieve ASRC Federal's business goals and ...

asrcfh

VP of Operational Excellence

Reston, VA

The VP of Operational Excellence will integrate and implement (across all business lines) Program ... risk management, and continuous improvement functions to achieve ASRC Federal's business goals and ...

Mjölnir

VP of Lending

Bethesda, MD · On-site

... risk, and drive operational efficiency. Requirements: * 10+ years of experience in lending or ... As a VP of Lending at Hooli, you'll have the chance to make a meaningful contribution to our ...

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$58K

$172.1K

$285.8K

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

As of May 30, 2026, the average yearly pay for vice president operational risk in Washington is $172,069.00, according to ZipRecruiter salary data. Most workers in this role earn between $127,100.00 and $204,500.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Vice President 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.

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 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.

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 Washington? The most popular types of Operational Risk jobs in Washington are:
What are popular job titles related to Vice President Operational Risk jobs in Washington? For Vice President Operational Risk jobs in Washington, the most frequently searched job titles are:
What job categories do people searching Vice President Operational Risk jobs in Washington look for? The top searched job categories for Vice President Operational Risk jobs in Washington are:
What cities in Washington are hiring for Vice President Operational Risk jobs? Cities in Washington with the most Vice President Operational Risk job openings:
Vice President Operational Risk jobs near you
Infographic showing various Vice President Operational Risk job openings in Washington as of May 2026, with employment types broken down into 80% Full Time, 18% Part Time, and 2% Nights. Highlights an 89% Physical, and 11% Remote job distribution, with an average salary of $172,069 per year, or $82.7 per hour.

Operational Risk Manager (AVP)

Amalgamated Bank of NY

Washington, DC • On-site

$90K - $110K/yr

Full-time

Posted 26 days ago

Job description

This role will reside within the Firm’s Enterprise Risk Management Department. As an Assistant Vice President (AVP) in the second line of defense, you will support independent oversight and effective challenge across the Enterprise’s operational and model risk profiles. The role partners closely with the 1st Line of Defense to support risk identification, control design, and remediation execution, while helping to promote alignment to the Bank’s risk appetite, policies, and regulatory expectations. Key responsibilities include:

Essential Job Functions:

1. Operational Risk Management (2nd Line Oversight):

a. Support the ongoing enhancement and governance of the operational risk framework, including policies, standards, procedures, and methodologies to identify, assess, monitor, and manage operational risk exposures.

b. Facilitate and support effective challenge to risk and control self-assessments (RCSAs) conducted by the 1st LoD and other stakeholders, helping to ensure assessments are timely, risk-based, consistently executed, and appropriately documented.

c. Support risk awareness through training, guidance, and coaching for 1st LoD stakeholders across Functions, promoting adherence to policy requirements and consistent application of risk standards and best practices.

d. Partner with business and control functions to support the development, execution, and sustainability of risk mitigation plans and control enhancements; monitor progress and raise concerns when remediation is not effective or timely.

e. Assist with analyzing operational risk trends, events, and emerging issues; contribute to management reporting and recommendations to help strengthen the control environment.

f. Support monitoring of applicable regulatory requirements and industry standards related to operational risk management, and assist with regulatory exams and information requests.

g. Contribute to activities supporting the Bank’s operational risk appetite, tolerances, and limits; help assess business activities against those parameters and provide input on risk treatment options.

h. Support scenario analysis and related analytics used to evaluate tail risk (adverse and severely adverse), and help communicate key assumptions, limitations, and outcomes to stakeholders.

  1. Risk Governance and Reporting:

a. Support risk governance processes, including policy adherence, issue management, and committee routines; provide guidance to stakeholders on governance expectations and control standards.

b. Prepare and update risk reporting and governance materials for senior management and other stakeholders, translating risk information into clear themes, drivers, and proposed actions.

c. Coordinate with Internal Audit, Compliance, Legal, and other stakeholders to support examinations and audits, respond to findings, and help track risk issues through remediation and closure.

  1. Risk Measurement and Reporting:

a. Support the maintenance of key risk indicators (KRIs), metrics, and thresholds to monitor risk profile changes; help validate data quality and support alignment to risk appetite.

b. Assist with periodic risk reporting for senior management and other stakeholders, highlighting key risks, control gaps, remediation status, and thematic insights.

Knowledge, Skills and Experience Requirements:

Required

  1. Bachelor’s degree or equivalent experience.
  2. 5+ years of experience in Operational risk/Enterprise Risk Management in financial services industry.
  1. Excellent communication skills, both verbal and written, and an ability to present ideas concisely and persuasively communications skills.
  2. Demonstrated ability to think strategically and align risk management initiatives with organization’s goals and objectives.
  3. Ability to influence the thinking of, or gain acceptance from, others in sensitive situations, without damage to relationships.
  1. Demonstrate strong relationship building, business judgment, problem identification and problem resolution skills.
  1. Demonstrated experience in responding to regulatory requests.
  2. Knowledge of risk management frameworks, risk taxonomies and methodologies.
  1. Experience within a financial institution.

Desired

  1. Knowledge of GRC software solutions.
  2. Knowledge of Model Risk Management.
  3. Industry certifications in Risk Management.


Our job titles may span more than one career level. The starting base salary for this role is between $90,000 – $110,000. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future.

Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans. AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement. Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.

Hybrid Work Model
Effective February 18, 2025, employees in office-based positions will be working a Hybrid work schedule consisting of three days or more, on-site per week, Monday - Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence. This Hybrid work model does not apply to, and daily in-person attendance is required for, the contact center, branch service roles, and general services where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance does not apply to roles that have been designated as “remote”.

Search Firm Representatives- Please Read Carefully
Amalgamated Bank does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for the position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.