Operational Project Manager Salary in Newark, NJ

Operational Risk Manager - Average Salary $143,300

The Operational Risk Manager initiates policies to comply with safety legislation and industry practices. Develops and administers risk-management and loss-prevention programs. Being a Operational Risk Manager acts as the liaison to attorneys, insurance companies and individuals, investigating any incidences that may result in asset loss. Researches and reports on the most cost effective plans to minimize asset liability. In addition, Operational Risk Manager reviews and analyzes risk management programs for the effectiveness of coverage and to reduce costs and losses. Requires a bachelor's degree. Typically reports to top management. The Operational Risk Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. Working as a Operational Risk Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required.

Operational Risk Modeling Manager - Average Salary $186,400

The Operational Risk Modeling Manager implements risk modeling frameworks to guide analysis and tests, validates, and refines data models to ensure effectiveness. Manages an organization's risk modeling activities to identify, quantify, and forecast potential risk scenarios and their impact on the business. Being an Operational Risk Modeling Manager collaborates with other risk management functions to communicate models and assist with high-level risk mitigation plans for the organization. Administers policies and procedures to establish and maintain standards for risk modeling and ensure accuracy and consistency in processes and results. In addition, Operational Risk Modeling Manager continuously monitors and researches the economic and business landscape to update, review, or validate models as new data becomes available. Requires a bachelor's degree. Typically reports to a director. The Operational Risk Modeling Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Working as an Operational Risk Modeling Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes.

Operational Risk Analyst III - Average Salary $118,300

The Operational Risk Analyst III evaluates and forecasts potential losses while determining solutions to minimize or eliminate risks. Performs risk analysis studies in order to maintain maximum protection of an organization's assets. Being an Operational Risk Analyst III supports managers in risk management or risk model construction. Assists in monitoring and reporting risks and controls. In addition, Operational Risk Analyst III may provide working guidance for junior analysts. May handle complex analysis. Requires a bachelor's degree. Typically reports to a supervisor or manager. Being an Operational Risk Analyst III contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. Working as an Operational Risk Analyst III typically requires 4 to 7 years of related experience.

Operational Manager - Average Salary $132,185

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Operational Excellence Manager - Average Salary $136,271

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