Head of Operational Risk Salary in Indianapolis, Indiana

How much does a Head of Operational Risk make in Indianapolis, IN?

As of March 01, 2025, the average annual salary for a Head of Operational Risk in Indianapolis, IN is $214,411. Salary.com reports that pay typically ranges from $188,410 to $239,158, with most professionals earning between $164,737 and $261,688.

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Salary range for a Head of Operational Risk

$188,410 to $239,158

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Head of Operational Risk

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Job Openings for Head of Operational Risk in Indianapolis, IN

What does a Head of Operational Risk do?

Common responsibilities of a Head of Operational Risk

Lead quarterly risk identification processes focused on the identification of material risks and emerging issues at both the corporate and business unit-levels.

December 22, 2022

Develop presentations for all levels of management and the Board to facilitate their review and approval of the program results.

January 21, 2023

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.

March 22, 2023

Stay abreast of industry rules, regulations and industry best practices to ensure risk assessment programs adhere to supervisory expectations.

April 03, 2023

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.

April 23, 2023

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.

May 14, 2023

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Head of Operational Risk Salary By Experience Levels in Indianapolis, IN

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Head of Operational Risk Salary By Level of Education in Indianapolis, IN

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LEVEL OF EDUCATION

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Average Salary Range for Head of Operational Risk in Indianapolis, IN

Average Base Salary

Core compensation

188410

239158

214411

Average Total Cash Compensation

Includes base and annual incentives

219786

310945

261269

What is the average salary for Head of Operational Risk in 2025?

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 Indianapolis, IN. The base salary for Head of Operational Risk ranges from $188,410 to $239,158 with the average base salary of $214,411. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $219,786 to $310,945 with the average total cash compensation of $261,269.

View Average Salary for Head of Operational Risk as table

	Average Salary	Average Salary Range
Base Salary	$214,411	$188,410 - $239,158
Bonus	$46,858	$31,376 - $71,787
Total Pay	$261,269	$219,786 - $310,945

* 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.

Head of Operational Risk Salary Near Indianapolis, IN

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Indianapolis, IN
CITY, STATE Fishers, IN	AVERAGE SALARY RANGE $185,015 - $234,849	COMPARE TO Indianapolis, IN
CITY, STATE Greenwood, IN	AVERAGE SALARY RANGE $188,332 - $239,060	COMPARE TO Indianapolis, IN
CITY, STATE Carmel, IN	AVERAGE SALARY RANGE $188,178 - $238,863	COMPARE TO Indianapolis, IN
CITY, STATE Anderson, IN	AVERAGE SALARY RANGE $179,309 - $227,606	COMPARE TO Indianapolis, IN
CITY, STATE Bloomington, IN	AVERAGE SALARY RANGE $178,368 - $226,411	COMPARE TO Indianapolis, IN
CITY, STATE Muncie, IN	AVERAGE SALARY RANGE $178,612 - $226,721	COMPARE TO Indianapolis, IN

See salaries for Head of Operational Risk in locations close to Indianapolis, IN. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Indianapolis, Indiana

Indianapolis is in the East North Central region of the Midwestern United States, in central Indiana. According to the U.S. Census Bureau, the Indianapolis (balance) encompasses a total area of 368.2 square miles (954 km2), of which 361.5 square miles (936 km2) is land and 6.7 square miles (17 km2) is water. The consolidated city boundaries are coterminous with Marion County, with the exception of the autonomous municipalities of Beech Grove, Lawrence, Southport, and Speedway. Indianapolis is the 16th largest city by land area in the U.S. Indianapolis is within the Tipton Till Plain, a flat to...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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The Head of Operational Risk job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Indianapolis, IN that might be a good fit for the type of job and salary you are looking for.

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