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Operational Risk Analyst Jobs in Maryland (NOW HIRING)

EagleBank

US-MD-Bethesda

Bethesda, MD · Hybrid

$80K - $129K/yr

As a Third-Party Risk Management Analyst, you will play a critical role in ensuring that our ... operational and cybersecurity risks. * Collaborate with cross-functional teams to assess and ...

M&T Bank

Commercial Credit Analyst CRE

Baltimore, MD · On-site

This analysis may include recommending adding or removing conditions. * Manage the ongoing credit ... Understand and adhere to applicable compliance/operational risk controls in accordance with Company ...

M&T Bank

Commercial Credit Analyst CRE

Baltimore, MD

This analysis may include recommending adding or removing conditions. * Manage the ongoing credit ... Understand and adhere to applicable compliance/operational risk controls in accordance with Company ...

M&T Bank

Commercial Credit Analyst CRE

Baltimore, MD · On-site

This analysis may include recommending adding or removing conditions. * Manage the ongoing credit ... Understand and adhere to applicable compliance/operational risk controls in accordance with Company ...

Peraton

SIGINT Analyst -Senior

Fort George G Meade, MD · On-site

$112K - $179K/yr

Conduct Signals Intelligence (SIGINT) analysis to support operational and strategic decision-making. * Analyze and exploit SIGINT data to identify patterns, trends, and actionable intelligence.

Peraton

SIGINT Analyst -Senior

Fort George G Meade, MD · On-site

$112K - $179K/yr

Conduct Signals Intelligence (SIGINT) analysis to support operational and strategic decision-making. * Analyze and exploit SIGINT data to identify patterns, trends, and actionable intelligence.

Peraton

SIGINT Analyst -Senior

Fort George G Meade, MD · On-site

$112K - $179K/yr

Conduct Signals Intelligence (SIGINT) analysis to support operational and strategic decision-making. * Analyze and exploit SIGINT data to identify patterns, trends, and actionable intelligence.

Compunnel, Inc.

Operations Specialist

Baltimore, MD · On-site

$18/hr

... cause analysis to resolve client issues and mitigate risk. • Actively participate in team ... operational risk. • Build and manage stakeholder relationships across silos. • Acquire and ...

Apply Early

Compunnel, Inc.

Operations Specialist

Baltimore, MD · On-site

... cause analysis to resolve client issues and mitigate risk. • Actively participate in team ... operational risk. • Build and manage stakeholder relationships across silos. • Acquire and ...

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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 assesses and monitors risks arising from internal processes, systems, people, or external events that could disrupt business operations. They analyze data, develop risk mitigation strategies, and use tools like risk management software to ensure organizational resilience and compliance. Strong analytical skills and knowledge of industry regulations are essential for this role.

What are the 4 pillars of operational risk management?

The four pillars of operational risk management are risk identification, risk assessment, risk mitigation, and risk monitoring. Operational risk analysts focus on these areas to develop strategies that minimize potential losses from internal processes, people, systems, or external events. Mastery of these pillars is essential for effective risk management in organizations.

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.

How much do operational risk analysts make?

Operational risk analysts typically earn a median annual salary of around $70,000 to $100,000, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts with certifications like FRM or ORM can earn higher salaries and bonuses. The role often requires strong analytical skills and knowledge of risk management tools.

What is a risk operations analyst?

A risk operations analyst is a professional responsible for identifying, assessing, and monitoring operational risks within an organization. They analyze data, develop risk mitigation strategies, and often use tools like risk management software to ensure business processes are compliant and secure.

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
Business Risk Team Lead (Open to Locations within the M&T Footprint)

Business Risk Team Lead (Open to Locations within the M&T Footprint)

M&T Bank

Timonium, MD • On-site

$98K - $164K/yr

Full-time

Posted 16 days ago

Key responsibilities

  • Implement and oversee first line of defense risk management initiatives within the business unit.

  • Document key business processes, identify and assess associated risks and internal controls, and conduct risk-based control testing.

  • Manage the timely completion of remediation plans and risk management reporting, including escalation and validation of risk events and issues.

M&T Bank rating

7.8

Company rating: 7.8 out of 10

Based on 182 frontline employees who took The Breakroom Quiz

71st of 144 rated banks

Job description

Overview:
Hybrid 4 days in office; salary is dependent on location
Implement defined first line of defense risk management initiatives within the business unit in support of the Enterprise Risk Framework. Manage the risk work and employee assignments to those initiatives responsible for risk and control functions in the business unit. Serve as Subject Matter Expert (SME) for execution of risk functions; Serve as project leader on complex and highly visible risk management projects.
Primary Responsibilities:
  • Responsible for the execution of risk initiatives that this position leads or for which their team is responsible to conduct. Responsible for completely and accurately documenting key business processes. Identify and assess risks and internal controls associated with the key processes under your leadership.
  • Actively participate in the planning, execution and reporting of the business unit's risk-based testing program. Perform control testing as an individual contributor and ensure control testing is performed for the team's risk initiatives in accordance with M&T's First Line of Defense Guidance on Management of Risks & Internal Controls and professional standards.
  • Specific control testing responsibilities will involve the review of testing, and evaluating results to determine if issues exist. Responsibilities may also include independent performance of scripted testing as well as system administrative duties such as the maintenance, validation, and / or updating in the compliance data management system (Archer). Communicate findings to management.
  • Monitor business unit performance with respect to established key risk indicators (KRIs), and recommend enhancements to strengthen risk control structure.
  • Accurately complete Risk Control Self Assessments (RCSAs) and other risk management reporting, recommending enhancements to each. Assist in the reporting and escalation of risk events and loss events.
  • Identify emerging risks and risks associated with new products/ services/ markets/ channels or changes to existing products/ services/ markets/ channels, as well as the control structures needed to mitigate the risks.
  • Provide guidance on the development of remediation plans. Manage the timely completion of remediation plans and other projects to address issues identified internally and by Enterprise Risk Management, Compliance, Internal Audit or external regulators. Validate the quality of the plans implemented.
  • Implement and oversee the adherence to policies and procedures for the business unit. This includes identifying updates or enhancements as business unit processes change. In addition, assist in responding to both internal and external requests in relation to departmental processes and procedures.
  • Provide informal coaching of staff. Provide input to manager with regard to staff performance and growth/development of staff functions and responsibilities for risk initiatives they lead.
  • Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
  • Promote an environment that supports belonging and reflects the M&T Bank brand.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Complete other related duties as assigned.

Education and Experience Required:
Bachelor's degree and a minimum of 5 years' relevant work experience, or in lieu of a degree, a combined minimum of 9 years' higher education and/or work experience, including a minimum of 5 years' relevant work experience
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $98,500.00 - $164,100.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.
Location
Timonium, Maryland, United States of America

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