How much does a Head of Operational Risk make? The average Head of Operational Risk salary is $115,668 as of April 26, 2022, but the salary range typically falls between $102,889 and $132,020. 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.
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What does a Head of Operational Risk do?
Head of Operational Risk
Assist in directing a group of business aligned senior operational risk managers responsible for implementing a second line of defense operational risk oversight and challenge program.
July 30, 2021
Provide regular training and support to educate business units on key risk identification program concepts and address any issues that arise to ensure successful outcomes.
October 15, 2021
Lead quarterly risk identification processes focused on the identification of material risks and emerging issues at both the corporate and business unit-levels.
October 17, 2021
Develop presentations for all levels of management and the Board to facilitate their review and approval of the program results.
November 20, 2021
Stay abreast of industry rules, regulations and industry best practices to ensure risk assessment programs adhere to supervisory expectations.
November 27, 2021
Manage a horizontal review process to evaluate the accuracy and completeness of the risk assessments completed by each business unit and to aggregate risks to reflect firm-wide exposures.
January 09, 2022
Head of Operational Risk Salary in Major Cities
This chart shows the salary comparison for Head of Operational Risk between major cities. San Francisco City consistently ranks #1 as of April 26, 2022. Click on the chart to see the detail salary data for Head of Operational Risk in each city.
Head of Operational Risk Salary by State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Head of Operational Risk Salary by City
Click to see the salary for Head of Operational Risk in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $144,585 |
| Washington, DC | $128,761 |
| Miami, FL | $112,604 |
| Chicago, IL | $122,711 |
| Boston, MA | $130,323 |
| New York, NY | $139,148 |
| Dallas, TX | $114,916 |
If you'd like know Head of Operational Risk Salary in other cities, then please select a city in
Average Salary Range for Head of Operational Risk
Average Base Salary
Core compensation
102889
132020
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Head of Operational Risk in 2022?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Head of Operational Risk in the United States. The base salary for Head of Operational Risk ranges from $102,889 to $132,020 with the average base salary of $115,668. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $108,282 to $144,517 with the average total cash compensation of $124,264.
View Average Salary for Head of Operational Risk as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $115,668 | $102,889 - $132,020 |
| Bonus | $8,596 | $5,393 - $12,496 |
| Total Pay | $124,264 | $108,282 - $144,517 |
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.
Estimate Salary for Head of Operational Risk online for free
Salary.com Estimate Salary Tool provides free, accurate and real-time salary for thousands of careers. Please enter the following pay factors for Head of Operational Risk, to get a real-time salary target. If you want to get more detailed salary information, please view Professional Salary Report
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102889
132020
Comments about Head of Operational Risk
What's the difference between Vice President of Operational Risk Management and Head of Operational Risk?
According to our latest salary estimation on April 26, 2022. The average salary of Head of Operational Risk is $115,668, and the average salary of Vice President of Operational Risk Management is $315,990. The average salary of Vice President of Operational Risk Management is higher than Head of Operational Risk. ( 2022-04-26 salary.com )
I am a Head of Operational Risk, which location’s salary is higher, San Bernardino, CA or Arlington, MA?
Arlington, MA typically sees higher pay than San Bernardino, CA for Head of Operational Risk. a Head of Operational Risk Salary in Arlington, MA is $130,323 as of April 26, 2022; a Head of Operational Risk Salary in San Bernardino, CA is $123,225 as of April 26, 2022. ( 2022-04-26 salary.com )
Head of Operational Risk Frequently Asked Questions
Why does the salary of a Head of Operational Risk vary from city to city?
The cost of living is tied to salaries. If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there. This is why you're always going to make more money in New York City for example, than in a small town. ( 2022-04-26 salary.com )
What are the Pay Factors for Head of Operational Risk?
Salary ranges for a Head of Operational Risk can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience. Click here to view Eight Factors That Can Affect Your Pay ( 2022-04-26 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company, but there are several important pay factors that come into play based on your individual history that could impact your value to the company. Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2022-04-26 salary.com )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
Last Update: April 26, 2022