How much does an Operational Risk management Director make in the United States? The average Operational Risk management Director salary in the United States is $136,800 as of August 27, 2019, but the range typically falls between $118,700 and $157,800. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. View the Cost of Living in Major Cities
The Operational Risk management Director creates and modifies policies to comply with safety legislation and industry practices. Develops and administers risk management programs. Being an Operational Risk management Director acts as the liaison to attorneys, insurance companies, and individuals. Coordinates and develops organization-wide programs for risk-free services. In addition, Operational Risk management Director investigates any incidences that may result in an asset loss. May hold designations such as Certified Internal Auditor (CIA) or Certified Public Accountant (CPA). Knowledge about legal issues around organization liability and insurance trends. Promotes organization-wide understanding about risks and risk management strategies. May require a bachelor's degree. Typically reports to top management. The Operational Risk management Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. Working as an Operational Risk management Director typically requires 5+ years of managerial experience. (Copyright 2019 Salary.com)
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Includes base and annual incentives