Vice President of Operational Risk Management Salary in New Jersey

The Vice President of Operational Risk Management is responsible for the efficient execution of strategies, controls, and measures to monitor and mitigate the risk exposure of assets. Oversees the planning and analysis of an organization's risk management function. Being a Vice President of Operational Risk Management reviews financial models to understand the risk exposure of an organization's assets. Monitors the effectiveness of procedures to identify points of improvement. In addition, Vice President of Operational Risk Management develops training and educational materials to identify and mitigate risks. Promotes organization-wide understanding of risks and risk management strategies. Requires a bachelor's degree. Typically reports to top management. The Vice President of Operational Risk Management manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Working as a Vice President of Operational Risk Management typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)

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