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Operational Risk Analyst Jobs in Maryland (NOW HIRING)

EagleBank

Operational Risk Manager

Bethesda, MD · On-site

$114K - $192K/yr

As an individual contributor, this role will lead all aspects of the governance of the operational risk management program and provide senior management with data driven reporting, analytics and ...

EagleBank

Operational Risk Manager

Bethesda, MD · Hybrid

$114K - $192K/yr

As an individual contributor, this role will lead all aspects of the governance of the operational risk management program and provide senior management with data driven reporting, analytics and ...

Crisis24

Senior Business Risk Analyst

Annapolis, MD · On-site

The ideal candidate is a seasoned analyst with deep expertise in both corporate risk and financial ... Assess corporate risk across geopolitical, economic, financial, operational, regulatory ...

Peraton

Cyber Risk Analyst

Bowie, MD · On-site

You'll work across engineering, operations, and compliance teams to translate technical ... Conduct risk assessments, gap analyses, and threat evaluations for new and existing systems.

Peraton

Cyber Risk Analyst

Bowie, MD · On-site

You'll work across engineering, operations, and compliance teams to translate technical ... Conduct risk assessments, gap analyses, and threat evaluations for new and existing systems.

Huntington

Segment Risk Specialist Sr

Hagerstown, MD · On-site +1

$57K - $113K/yr

Description The Senior Risk Analyst is responsible for identifying, assessing, and mitigating credit, fraud, and operational risks across the merchant services portfolio. This role provides expert ...

EagleBank

Third-Party Risk Management Analyst

Bethesda, MD · On-site

$80K - $129K/yr

... operational and cybersecurity risks. * Collaborate with cross-functional teams to assess and ... Ability to analyze third-party risk data, identify emerging issues and communicate findings clearly.

EagleBank

Third-Party Risk Management Analyst

Bethesda, MD · Hybrid

$80K - $129K/yr

... operational and cybersecurity risks. * Collaborate with cross-functional teams to assess and ... Ability to analyze third-party risk data, identify emerging issues and communicate findings clearly.

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All JobsOperational Risk Analyst JobsOperational Risk Analyst Jobs in Maryland

Operational Risk Analyst information

See Maryland salary details

$37.9K

$83.3K

$150.4K

How much do operational risk analyst jobs pay per year?

As of Jun 30, 2026, the average yearly pay for operational risk analyst in Maryland is $83,311.00, according to ZipRecruiter salary data. Most workers in this role earn between $63,600.00 and $101,400.00 per year, depending on experience, location, and employer.

What are some common challenges faced by Operational Risk Analysts, and how can these be effectively managed?

Operational Risk Analysts often face challenges such as identifying emerging risks, effectively communicating findings to stakeholders, and ensuring compliance with evolving regulations. Managing these challenges involves staying up-to-date with industry best practices, developing strong analytical and communication skills, and collaborating closely with other departments like compliance, IT, and internal audit. Building robust risk assessment frameworks and fostering a culture of transparency within the organization are also key to success in this role.

What does an Operational Risk Analyst do?

An Operational Risk Analyst is responsible for identifying, assessing, and mitigating risks that could impact a company's day-to-day business operations. They analyze processes, policies, and systems to detect potential operational failures or weaknesses. Their role often includes developing risk management strategies, monitoring risk indicators, and helping to ensure compliance with regulatory standards. They also work closely with other departments to implement best practices and improve overall risk awareness.

What are the key skills and qualifications needed to thrive as an Operational Risk Analyst, and why are they important?

To thrive as an Operational Risk Analyst, you need a solid background in risk management, data analysis, and business processes, typically supported by a degree in finance, business, or a related field. Familiarity with risk assessment tools, governance frameworks, and systems like GRC (Governance, Risk, and Compliance) platforms or Excel is commonly required, and certifications such as FRM or CRM are advantageous. Strong analytical thinking, attention to detail, and effective communication skills help you identify risks and collaborate with stakeholders across the organization. These skills ensure accurate risk identification and mitigation, safeguarding the organization's assets and reputation.

What is the difference between Operational Risk Analyst vs Credit Risk Analyst?

AspectOperational Risk AnalystCredit Risk Analyst
Required CredentialsBachelor's degree in finance, risk management, or related field; certifications like FRM or CRMBachelor's degree in finance, economics, or related; certifications like CFA or FRM
Work EnvironmentFinancial institutions, banks, insurance companies; focus on internal processesBanking, lending institutions; focus on borrower creditworthiness
Employer & Industry UsageUsed across banking, insurance, and investment firms for risk mitigationPrimarily in banking and lending sectors for credit assessment
Common Search & Comparison IntentUnderstanding risk management roles within financial firmsAssessing credit risk and loan approval processes

Operational Risk Analysts focus on internal processes and operational hazards within financial institutions, while Credit Risk Analysts evaluate the creditworthiness of borrowers. Both roles require similar credentials and are vital in risk management but serve different aspects of financial risk assessment.

What are popular job titles related to Operational Risk Analyst jobs in Maryland? For Operational Risk Analyst jobs in Maryland, the most frequently searched job titles are:
What job categories do people searching Operational Risk Analyst jobs in Maryland look for? The top searched job categories for Operational Risk Analyst jobs in Maryland are:
What are popular job titles related to Operational Risk Analyst jobs in MD? For Operational Risk Analyst jobs in MD, the most frequently searched job titles are:
Operational Risk Analyst jobs near you

Operational Risk Manager

EagleBank

Bethesda, MD • On-site

$114K - $192K/yr

Full-time

Medical, Retirement

Posted 11 hours ago

Job description

Overview
We are a values driven organization putting Relationships FIRST. EagleBank (NASDAQ - EGBN) is focused on being Flexible, Involved, Responsive, Strong, and Trusted. By prioritizing meaningful connections with our customers, employees, and shareholders, we relentlessly deliver the most compelling, valuable service to our customers.
EagleBank is committed to inclusion, equity, and respect. We celebrate diversity and intentionally seek out opportunities to learn from one another's experience. We believe employees are essential to the building of relationships and we prioritize investing in employee growth and wellbeing. Employee involvement is fostered through resource groups, mentorship programs, community service, and scholarship opportunities for continued education. With features including maternity and parental leaves, wellness discounts, healthcare premium sharing, employer funding in your HSA account, and 100% 401(k) matching up to 4%, we pride ourselves in the ways we support our internal relationships. The minimum and maximum projected annualized salary for this position is: $114,071.00 to $192,797.00. Additional compensation may be possible based on experience and skills.
We understand the need to be creative and flexible when it comes to telecommuting and other alternative work arrangements. This position is eligible for our hybrid remote work and will work in the Bethesda, MD office four days per week.
Responsibilities
The Operational Risk Manager drives and supports the Operational Risk Management framework, to enable the Bank to effectively identify, monitor, measure, and control its operational risk profile. This role will be a part of the Enterprise Risk Management function. As an individual contributor, this role will lead all aspects of the governance of the operational risk management program and provide senior management with data driven reporting, analytics and insights to deliver a sustainable risk remediation and management and support strategic planning and decision making.
  • Assist with the development, implementation, and maintenance of a comprehensive second line Operational Risk Management Program including policy, standards, procedures, and tools in alignment with the Enterprise Risk Management framework
  • Implementation and the execution of the enterprise wide Risk And Control Self Assessments ("RCSA") and the annual Enterprise Risk Assessment from a second line oversight perspective, and an ongoing maturation of the programs
  • Work with the business lines to identifying risks and controls based on the Bank's risk taxonomy
  • Responsible for maintaining the Bank's risk and control inventory
  • Partner with business units to enhance risk identification and mitigation strategies
  • Design and implement a risk-based testing program to assess the effectiveness of internal controls
  • Perform periodic testing of key operational controls to verify their design and effectiveness
  • Document findings and collaborate with control owners to implement improvements
  • Develop and monitor operational risk Key Risk Indicators (KRIs), loss events, and other data to detect emerging risks and trends
  • Prepare regular reports to senior management on operational risk exposures, trends, and key initiatives
  • Assist in producing and consolidating management and board committee reporting materials
  • Maintain accurate and up-to-date risk data in the organization's risk management system
  • Promote a culture of risk awareness by conducting training sessions on operational risk framework elements
  • Stay abreast of the industry and regulatory developments and emerging risks and trends to ensure the effectiveness and the relevance of the operational risk management program
  • Any other responsibilities as assigned related to risk management

Qualifications
Requirements:
  • Bachelor's Degree in Arts/Sciences (BA/BS) Finance, Business, Risk Management, or a related field
  • 10 years of experience in operational risk, internal audit, or control testing within banking or financial services.
  • In-depth understanding of the operational risk management principles, frameworks, and methodologies within the financial services industries, including the knowledge of regulatory requirements and industry, best practices
  • Ability to analyze data, identify trends, and assess risks in operational processes and systems in partnership with the first line
  • Strong, verbal and written communication skills
  • Ability to work collaboratively with stakeholders and attain agreement across all three lines of defense
  • Being meticulous and thorough in assessing risks, evaluating controls, and monitoring risk mitigation and performance measures in the second line capacity
  • Advanced Excel, Access, or other data-mining tools experience
  • Critical thinking skills
  • Process-oriented

Preferences:
  • Master's degree in Arts/Sciences (MA/MS) in a related field

Don't meet all the requirements? We encourage you to still apply if you think you are the right person to join our community. We are always interested connecting with people inspired by our mission and values. If you aren't hired for this position, your resume will remain available for the next year and might be considered for future openings. Note: You can update your resume as often as needed.

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