Mid-Level

Operational Risk Manager

On the operational risk side of a bank, insurer, or large enterprise, the Operational Risk Manager identifies, assesses, and mitigates risks that can disrupt operations — process failures, fraud, system outages, third-party dependencies, regulatory exposure. The work is structured, analytical, and quietly consequential.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
E
C
I
S
R
A
Enterprisingleading, persuading
Conventionalorganizing, detail-oriented
Based on Holland Code framework
Job markets for Operational Risk Managers
Employment concentration · ~400 areas
Based on employment in related occupations
Mapped SOC categories:
BLS Occupational Employment Statistics
What it's like

What it's like to be a Operational Risk Manager

A typical week tends to involve risk assessments, control testing, incident analysis, scenario planning, regulatory reporting, and the steady documentation that risk frameworks require. The role lives in spreadsheets, frameworks, and committee meetings — and translating both upward to executives and outward to the business units actually doing the work.

Coordination spans business unit leaders, compliance, audit, regulators, and the executive risk committee. The hardest part is often holding risk discipline against business pressure to ship faster — controls slow things down, and risk teams are often perceived as the brake. Major incidents validate the role retroactively but rarely prevent the next round of pressure.

People who tend to thrive here are analytically rigorous, comfortable with ambiguity, and diplomatic with business teams who can find risk frameworks frustrating. If you crave fast-paced execution or struggle with the influence-without-authority dynamic, the role can wear. If you find satisfaction in incidents that didn't happen because of controls you put in place, the role can be quietly impactful in a way that compounds over years.

RelationshipsHigh
Working ConditionsHigh
IndependenceHigh
RecognitionAbove avg
AchievementAbove avg
SupportModerate
O*NET Work Values survey
✦ Editorial — written by Truest from industry research and career patterns
Career Paths

Where this role sits in the broader career landscape — and where it can take you.

$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
1 BLS OEWS May 2024 covers all Operational Risk Managers (SOC 11-1021.00, 13-2054.00), not just this title · BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Career Growth OptionsBusiness Operations track →
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✦ Editorial — career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape — helpful for context, but your specific experience will depend on level, specialty, and where you work.

$47K–$208K
Salary Range
10th – 90th percentile
3.6M
U.S. Employment
+5.45%
10yr Growth
314K
Annual Openings

How this category is changing

$74K$71K$68K$65K$62K201920202021202220232024$62K$74K
BLS OEWS May 2024 · BLS Employment Projections 2024–2034

Skills & Requirements

MonitoringReading ComprehensionActive ListeningSpeakingCritical ThinkingCoordinationSocial PerceptivenessManagement of Personnel ResourcesComplex Problem SolvingTime Management
O*NET OnLine · Bureau of Labor Statistics
11-1021.0013-2054.00

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Federal data: BLS Occupational Employment & Wage Statistics (May 2024) · BLS Employment Projections · O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.