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Vice President Operational Risk Jobs in Buffalo, NY

Barclays

Mortgage Research VP

Niagara Falls, NY · On-site

$155 - $225/hr

... risk and controls, change and transformation, business acumen, strategic thinking, digital and ... They may also lead a number of specialists to influence the operations of a department, in ...

Accordion

Vice President

Boston, NY · Hybrid

By combining extensive operational FP&A experience, data and technology skills, and a proprietary ... As a Vice President on a lean, cross-functional team, you will work collaboratively with a diverse ...

Harris

Vice President, Sales & Marketing

Alabama, NY · On-site

$130/hr

This role owns the full commercial engine - sales operations, marketing, and business development ... The VP will lead and inspire a senior, high-producing sales organization and partner closely with ...

Harris

Vice President, Sales & Marketing

Alabama, NY

$130/hr

This role owns the full commercial engine - sales operations, marketing, and business development ... The VP will lead and inspire a senior, high-producing sales organization and partner closely with ...

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Vice President Operational Risk information

See Buffalo, NY salary details

$66.4K

$150.9K

$255.7K

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

As of Aug 10, 2026, the average yearly pay for vice president operational risk in Buffalo, NY is $150,898.00, according to ZipRecruiter salary data. Most workers in this role earn between $111,900.00 and $179,200.00 per year, depending on experience, location, and employer.

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.

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 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 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 are the most commonly searched types of Operational Risk jobs in Buffalo, NY? The most popular types of Operational Risk jobs in Buffalo, NY are:
What job categories do people searching Vice President Operational Risk jobs in Buffalo, NY look for? The top searched job categories for Vice President Operational Risk jobs in Buffalo, NY are:
What cities near Buffalo, NY are hiring for Vice President Operational Risk jobs? Cities near Buffalo, NY with the most Vice President Operational Risk job openings:
Vice President Operational Risk jobs near you

Risk Appetite and Risk Identification Management, Vice President

Citigroup, Inc.

Getzville, NY • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 26 days ago

Citibank rating

8.3

Company rating: 8.3 out of 10

Based on 177 frontline employees who took The Breakroom Quiz

39th of 170 rated banks

Job description

Key Responsibilities
The Vice President will support the end-to-end quarterly Risk Appetite and Risk Identification assessment cycle, partnering with the ORM Risk Appetite Lead and the Head of the ORM Risk Appetite, ID, and Metric Team. Responsibilities include:
  • Support the end-to-end execution of the quarterly Risk Appetite Assessment process. This includes driving the initial data gathering, analysis, and drafting of the assessment to form a comprehensive view of the firm's operational risk profile against its stated appetite.
  • Oversee Risk Identification and Material Risk Inventory: Contribute to the firm's process for identifying, assessing, and documenting material operational risks. This involves analyzing risk trends, reviewing emerging risks, and ensuring the firm's central inventory of material risks is accurate, complete, and up-to-date.
  • Manage the Risk Metrics Lifecycle: Support the governance of the firm's operational risk metrics. This includes challenging the design of new metrics, reviewing the calibration of their thresholds, and ensuring they are effectively "cascaded" from the enterprise level to individual business lines for monitoring and reporting.
  • Facilitate Stakeholder Engagement and Alignment: Act as a key liaison between business-aligned risk teams and independent risk management functions. Lead calibration and challenge sessions to build consensus, ensure assessment conclusions are robust and well-supported, and verify that the firm's risk landscape is accurately reflected.
  • Support Governance and Senior Management Reporting: Ensure the risk assessment process adheres to both internal firm-wide policies and external regulatory requirements. Prepare assessment materials for submission to senior governance committees and support leadership in communicating results, key insights, and threshold breaches to executive stakeholders.
  • Drive Process Enhancement and Risk Culture: Continuously seek to improve the risk assessment process for greater efficiency and effectiveness. This includes enhancing the tools and methodologies used for risk identification and metric monitoring. Champion a strong risk culture by providing guidance to junior team members and promoting risk awareness and accountability across the business.
  • Review and challenge the effectiveness of risk mitigation strategies and control measures implemented by the 1st line of defense
  • Lead initiatives to improve operational risk management practices and enhance organizational resilience.
  • Is an enthusiastic and early adopter of change; takes ownership for helping others see a better future and stay positive during uncertainty.
  • Engages key stakeholders early and often and actively looks for opportunities to improve collaboration in achieving common goals

Qualifications
  • Several years of experience in Internal Audit, Operational Risk, Compliance or a related control function within the financial services industry.
  • Robust understanding of risk management frameworks, including risk appetite, risk identification, and control assessments.
  • Strong analytical and problem-solving skills, with the ability to analyze complex data sets, challenge assumptions, and draw evidence-based conclusions.
  • Excellent communication and interpersonal skills, with a proven ability to collaborate effectively and influence stakeholders at all levels of the organization.
  • Experience in managing competing priorities in a dynamic environment, with a strong focus on delivering high-quality outcomes to established deadlines.
  • A proactive and 'no surprises' approach to communicating issues, with a strength in developing and sustaining an independent viewpoint.
  • Bachelor's/University degree is required; a Master's degree is preferred.

Education:
Bachelor's/University degree, Master's degree preferred
Team/Role Overview
Our team oversees the firm's comprehensive operational risk management process. This includes the firm-wide Risk Appetite framework, which formally defines the level and type of risk we are willing to assume in our pursuit of strategic objectives. A critical component of this is our Risk Identification process, where we systematically identify, measure, and monitor the most significant operational risks facing the firm.
These frameworks are brought to life through a robust system of metrics, including Key Risk Indicators. This system sets clear, firm-wide standards for monitoring our risk profile and establishes clear protocols for responding when risk levels deviate from our stated appetite.
A dedicated Operational Risk Identification, Appetite, and Metric (ORM RAL) team drives these critical processes. This position, Vice President, Risk Appetite & Risk Identification Management, is a key role within this team. The Vice President will be responsible for driving the execution of our quarterly risk assessment processes, working closely with team members and stakeholders across business-aligned risk teams (1st Line of Defense) and operational risk management (2nd Line of Defense) to deliver a comprehensive assessment for senior management review and approval.
This role offers a unique and high-profile opportunity to gain a holistic understanding of the firm's risk landscape, providing significant exposure to a wide spectrum of both enterprise-level and business-specific risk categories.
Job Family Group:
Risk Management
Job Family:
Operational Risk
Time Type:
Full time
Primary Location:
Getzville New York United States
Primary Location Full Time Salary Range:
$92,000.00 - $138,000.00
In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Most Relevant Skills
Analytical Thinking, Controls Lifecycle, Credible Challenge, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
Anticipated Posting Close Date:
Jul 23, 2026
Automated Processing and AI
We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.
Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.
Illinois residents - AI Notice and Right
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View Citi's EEO Policy Statement and the Know Your Rights poster.

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About Citigroup Inc

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We live in an increasingly complex world. Companies these days are either born global or are going global at record speed. Business and geopolitics are forging an entirely new dynamic and consumers now expect financial services to be a seamless part of their digital lives. Citi is a bank that’s uniquely positioned for this moment. Through our vast global network and our on-the-ground expertise, we can connect the dots, anticipate change and empathize the needs of our clients and customers in ways that other banks simply cannot. Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We have set expectations for how we must act to bring our mission to life. These expectations are at the heart of our Leadership Principles – we take ownership, we deliver with pride and we succeed together.

Industry

Banking and credit intermediation

Company size

5,001 - 10,000 Employees

Headquarters location

New York City, NY, US

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