Head of Operational Risk Salary in Richmond, Virginia

How much does a Head of Operational Risk make in Richmond, VA?

As of March 01, 2025, the average annual salary for a Head of Operational Risk in Richmond, VA 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.

Search Head of Operational Risk Jobs in Richmond, VA

Develop a Job description

Pay Equity

2024 Compensation Trend

Benefits Consulting

Salary range for a Head of Operational Risk

$188,410 to $239,158

Employers: Find Surveys For This Job

Employers: Price Your Company Jobs

View Average Salary for United States
Adjust Head of Operational Risk Salary:
Select State
Select City in VA
Choose Similar Job
Pick Related Category
View Cost of Living in Richmond, Virginia

Facing Salary Structure Challenges? Let Our Expert Guide You

The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.

We will handle your contact details in line with our Privacy Policy. If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.

Head of Operational Risk

Review the job openings and experience requirements for the Head of Operational Risk job to confirm that it is the job you are seeking.

See user submitted job responsibilities for Head of Operational Risk.

Search Head of Operational Risk Job Openings

Job Openings for Head of Operational Risk in Richmond, VA

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

Submit Other Responsibilities

Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

Detailed skills and competency reports for specific positions
Job and employee pricing reports
Compensation data tools, salary structures, surveys and benchmarks.

Learn about

Head of Operational Risk Salary By Experience Levels in Richmond, VA

How much should you be earning in Head of Operational Risk in Richmond, VA based on your current experience?

Tell us how much experience you have and see an estimate of earnings and view how different experience leavels impact potential pay for Head of Operational Risk in Richmond, VA

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 Richmond, VA

Do you know how much should you be paid for a Head of Operational Risk position in Richmond, VA based on your education level?

Tell us about your education and see an estimate of earnings for Head of Operational Risk in Richmond, VA and well to know the impact of education on future careers.

LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Head of Operational Risk in Richmond, VA

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 Richmond, VA. 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 Richmond, VA

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Richmond, VA
CITY, STATE Petersburg, VA	AVERAGE SALARY RANGE $192,864 - $244,811	COMPARE TO Richmond, VA
CITY, STATE Virginia State University, VA	AVERAGE SALARY RANGE $192,864 - $244,811	COMPARE TO Richmond, VA
CITY, STATE Newport News, VA	AVERAGE SALARY RANGE $183,337 - $232,718	COMPARE TO Richmond, VA
CITY, STATE Hampton, VA	AVERAGE SALARY RANGE $183,337 - $232,718	COMPARE TO Richmond, VA
CITY, STATE Suffolk, VA	AVERAGE SALARY RANGE $182,225 - $231,307	COMPARE TO Richmond, VA
CITY, STATE Portsmouth, VA	AVERAGE SALARY RANGE $182,330 - $231,440	COMPARE TO Richmond, VA

See salaries for Head of Operational Risk in locations close to Richmond, VA. 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 Richmond, Virginia

Richmond (/ˈrɪtʃmənd/) is the capital of the Commonwealth of Virginia in the United States. It is the center of the Richmond Metropolitan Statistical Area (MSA) and the Greater Richmond Region. Richmond was incorporated in 1742 and has been an independent city since 1871. As of the 2010 census, the city's population was 204,214; in 2016, the population was estimated to be 223,170, making Richmond the fourth-most populous city in Virginia. The Richmond Metropolitan Area has a population of 1,260,029, the third-most populous metro in the state. Richmond is located at the fall line of the James R...

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

View Salary for Similar Jobs to Head of Operational Risk in Richmond, VA

See Additional Similar Jobs

Loading results...

JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Operational Risk Manager	LOCATION Richmond, VA	MINIMUM SALARY $112,300	MAXIMUM SALARY $141,100
JOB TITLE Operational Risk Analyst	LOCATION Richmond, VA	MINIMUM SALARY $56,358	MAXIMUM SALARY $72,918
JOB TITLE Director of Operational Risk	LOCATION Richmond, VA	MINIMUM SALARY $147,559	MAXIMUM SALARY $186,817
JOB TITLE Operational Risk Consultant	LOCATION Richmond, VA	MINIMUM SALARY $70,677	MAXIMUM SALARY $91,709
JOB TITLE Operational Risk Officer	LOCATION Richmond, VA	MINIMUM SALARY $75,043	MAXIMUM SALARY $96,691
JOB TITLE Operational Risk Associate	LOCATION Richmond, VA	MINIMUM SALARY $89,077	MAXIMUM SALARY $121,625

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 Richmond, VA that might be a good fit for the type of job and salary you are looking for.

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.