Director of Operational Risk

About the job

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

Additional Information

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.

• FORTUNE* *100 Best Companies to Work For® 2025

• Yello and WayUp Top 100 Internship Programs

• Computerworld® Best Places to Work in IT

• Newsweek Most Loved Workplaces

• 2025 PEOPLE® Companies That Care

• Newsweek Most Trustworthy Companies in America

• Military Times 2025 Best for Vets Employers

• Best Companies for Latinos to Work for 2025

• Forbes® 2025 America’s Best Large Employers

• Forbes® 2025 America's Best Employers for New Grads

• Forbes® 2025 America's Best Employers for Tech Workers

• 2025 RippleMatch Campus Forward Award Winner for Overall Excellence

• Military.com Top Military Spouse Employers 2025

• 2025 Handshake Early Talent Award

From Fortune. ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.

Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to age, race, sex, color, religion, national origin, disability, veteran status, pregnancy, sexual orientation, genetic information, gender identity or any other basis protected by applicable law.

Accommodations: If you need accommodation or assistance for a qualifying condition to complete the online application (or during any stage of the hiring process), you can contact Navy Federal's Medical Accommodations team at medicalaccommodations@navyfederal.org or by calling 1-888-503-6013. This team cannot provide any information on job postings or application status.

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.

Protect Yourself from Job Scams: Navy Federal Credit Union jobs are posted on our career site, jobs.navyfederal.org and reputable job boards (e.g., LinkedIn, Indeed). We do not post jobs on social media marketplaces, messaging apps or unverified websites. We will never ask candidates for payment, bank details or personal financial information during the hiring process.

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

Additional Information

• Job Identification: 33206
• Job Category: Enterprise Risk
• Posting Date: 2026-10-26
• Apply Before: 2026-11-10
• Job Schedule: Full time
• Locations: 820 Follin Ln SE, Vienna, VA, 22180, US (Hybrid)
• Targeted Salary Range: Negotiable based on experience and qualifications