Operational Risk Consultant 5 Salary in West Virginia

Operational Risk Consultant - Average Salary $74,065

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Operational Risk Manager - Average Salary $114,100

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 $148,500

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 Management Director - Average Salary $173,400

The Operational Risk Management Director develops strategies, controls, and measures to monitor and mitigate the risk exposure of assets. Directs and administers an organization's risk-management programs. Being an Operational Risk Management Director oversees the building of financial models to predict the risk exposure of an organization's assets. Monitors the effectiveness of procedures to identify points of improvement. In addition, Operational Risk Management Director reviews risk analysis reports to ensure risks are identified and managed effectively. Promotes organization-wide understanding of risks and risk management strategies. Requires a bachelor's degree. Typically reports to senior 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. Working as an Operational Risk Management Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function.

Analytic Consultant 5 - Average Salary $62,074

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