What is a VP operational risk?

A VP Operational Risk, or Vice President of Operational Risk, is a senior executive responsible for identifying, assessing, and managing risks that arise from an organization's day-to-day operations. They develop risk management strategies, ensure compliance with regulations, and work to minimize losses from process failures, fraud, or other business disruptions. VPs in this role often lead teams, collaborate with other departments, and report risk exposures to top management. Their expertise helps ensure the organization's stability and protects its reputation.