Director of Operational Risk

Director of Operational Risk

Vienna, VA, United States and 2 more (Hybrid)

Job Description Leads and oversees the operational risk management function, providing direction and leadership in identifying, analyzing, and mitigating operational risks. Develops and implements risk policies, frameworks, and governance structures to enhance risk resilience. Leads cross-functional risk initiatives and collaborates with senior executives to drive a culture of risk awareness. Serves as a key advisor on risk-related matters and ensures compliance with regulatory standards. Manages multiple teams and influences risk strategy across business units, driving operational excellence and enterprise risk management maturity.

Responsibilities

• Develop and execute enterprise-wide operational risk management strategy, ensuring a proactive and comprehensive approach to operational risk governance.
• Lead risk advisory services, guiding leadership on risk trends, emerging threats, and strategic mitigation efforts.
• Oversee risk assessment and control testing initiatives across business units, ensuring compliance with evolving regulatory requirements.
• Develop and refine enterprise-wide Key Risk Indicators (KRIs), integrating risk analytics to drive informed decision-making.
• Lead cross-functional risk governance efforts, fostering collaboration between risk management, compliance, audit, and business leaders.
• Oversee the development and implementation of risk management frameworks, policies, and best practices, ensuring alignment with industry standards and regulatory expectations.
• Oversee the development and execution of ORM-related Policies, Instructions, and Standards, ensuring enterprise-wide compliance and operational excellence.

Qualifications

• Bachelor’s Degree in Liberal Arts, Business Administration, Auditing, Technology / Engineering, Management, or other related fields, or equivalent combination of education and experience

• Expert experience in operational risk strategy and management

• Expertise in developing, enhancing, and implementing operational risk frameworks and methodologies

• Expert guidance on regulatory compliance, industry standards, and risk mitigation frameworks

• Leads high-impact risk initiatives and regulatory engagements

• Extensive expertise in risk analytics, reporting, and performance measurement

• Extensive expertise in leading and developing risk management teams at scale

• Exceptional communication, negotiation, and stakeholder management skills

• Extensive track record of implementing enterprise risk programs and engaging with senior executives

• College/university degree and 10+ years of experience in operational risk, governance, or financial services risk management; 5+ years of leadership experience, managing high-performing risk teams. Expansive experience across operational risk domains (ex: technology, security, data, models, third party, business resiliency, Gen-AI, fraud, people, operational process, new products etc.).

• Master’s Degree in a related field or an equivalent combination of training, education, and experience that provided exposure to or management of ORM-related risk domains

• Experience in Financial Services, First, Second (ERM, ORM), and/or Third Line Risk Management, or Consulting experience

• Hours

• Monday - Friday, 8:00AM - 4:30PM

Location

• 820 Follin Lane, Vienna, VA 22180
• 5510 Heritage Oaks Drive, Pensacola, FL 32526
• 141 Security Drive, Winchester, VA 22602

About Us Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

Our approach to careers is simple yet powerful: Make our mission your passion.

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Disclaimers Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position. For additional details regarding compensation and benefits, review the Benefits page of the Navy Federal Career Site.

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