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Operational Risk Analyst Jobs in Maryland (NOW HIRING)

Aegon

Head of Credit Risk

Baltimore, MD · On-site

Analytical skills to frame complex problems and determine appropriate depth of analysis ... and operational needs. Salary may vary above and below the stated amounts, as permitted by ...

Peerless Technologies

Operations Analyst

Aberdeen, MD · On-site

The ideal candidate will provide operational support across multiple functional areas, coordinate ... Support risk analysis and tracking of project cost, schedule, and performance metrics Preferred ...

Brillient

Supply Chain SME IV

Silver Spring, MD · On-site +1

Experience supporting supply chain risk analytics initiatives, including descriptive and predictive analytics for identifying, assessing, and mitigating operational risk. * Experience applying data ...

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 ...

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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 9, 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
Infographic showing various Operational Risk Analyst job openings in Maryland as of June 2026, with employment types broken down into 100% Full Time. Highlights an 83% In-person, and 17% Hybrid job distribution, with an average salary of $83,311 per year, or $40.1 per hour.
Director, Third Party Risk Management

Director, Third Party Risk Management

T Rowe Price

Baltimore, MD

Other

Posted 18 hours ago

T. Rowe Price rating

9.1

Company rating: 9.1 out of 10

Based on 21 frontline employees who took The Breakroom Quiz

Job description

Role Summary

TheDirector- ThirdParty Risk Management is aSecond Line of Defense (2LoD)leadership role responsible for thestrategic development, oversight, and ongoing maturation of the firm'sThirdPartyRisk Management (TPRM) program. Reporting to the Head of Privacy & TPRM, this role is regarded as asubject matter expert in third-party riskand plays a key role in shaping the firm's risk strategy, governance framework, and operating model following the implementation of anoutsourced TPRMcapability.

TheDirectorprovides independent oversight, crediblechallenge, and assurance over first-line and outsourced TPRM activities, while building a sustainable, regulator-ready 2LoD function aligned with the firm's risk appetite and regulatory expectations.

Responsibilities

TPRM Strategy & Program Leadership:

  • Serve as the firm'ssubject matter experton third-party risk management.

  • Contribute to the development and execution of the firm'sTPRM strategy, roadmap, and target-state operating model.

  • Lead the build-out and continuous improvement of a 2LoD TPRM functionfollowing outsourcing of due diligence and periodic reviews.

  • Define and maintain TPRM policies, standards, risk methodologies, and oversight frameworks aligned with regulatory expectations and industry best practices.

  • Ensure alignment of the TPRM program with enterprise risk appetite and governance structures.

  • Lead assessment of emergingthird partyrisks and technologies, including AI, andintegratefindings into TPRM strategy, governance, and executive reporting.

Oversight of Outsourced & First-Line TPRM Activities:

  • Provide independent oversight and effectivechallengeofoutsourced TPRM service providers, including due diligence execution and ongoing monitoring.

  • Oversight of monitoring activities related toSLAs, KPIs, quality assurance standards, and performance metrics for outsourced partners.

  • Report onsystemic control gaps, concentration risk, and emerging third-party risk themes across the vendor population.

  • Escalatematerialthird-party risk issues and control deficiencies throughappropriate governanceand risk committees.

Risk Governance, Reporting & Regulatory Readiness:

  • Design and deliver executive and board-level reporting on third-party risk, including trends, emerging risks, and risk appetite breaches.

  • Lead TPRM-related regulatory exams, internal audits, and management assurance activities.

  • Ensure TPRM documentation, evidence, and reporting areaudit-and exam-ready.

  • Partner with Enterprise Risk, Compliance, Legal, Information Security, Procurement, and Technology while maintaining 2LoD independence.

Leadership & Capability Development:

  • Provide leadership, guidance, and technical mentorship to TPRM risk analysts and managers.

  • Establish clear roles, responsibilities, and RACI alignment across 1LoD, 2LoD, and outsourced providers.

  • Drive adoption of data-driven, AI-enabled reporting and analytics to enhance risk insight and oversight efficiency.

  • Promote a strong risk culture and consistent application of third-party risk standards across the firm.

Qualifications

Required:

  • Bachelor's degree in Risk Management, Information Systems, Finance, Business, Law, ora relatedfield.10+ years of experience inthird-party risk management, operational risk, or compliance, withsignificant experiencein a2LoD capacitywithin financial services or asset management(or other industry subject to equivalent regulatory scrutiny).

  • Demonstrated experiencedesigning, implementing, or maturing a TPRM program, including oversight of outsourced or co-sourced models.

  • Deep understanding of regulatory expectations for third-party risk (e.g., SEC, FINRA, global regulators).

  • Proven ability tooperateas a trusted expert and strategic advisor to senior leadership.

  • Required Certifications (at least one): Certified Third Party Risk Professional (CTPRP), Certified in Risk and Information Systems Control (CRISC), Certified Information Systems Auditor (CISA)

Preferred:

  • Advanced degree (MBA, JD, or equivalent).

  • Experience supporting global or complex vendor ecosystems.

  • Additionalcertifications:

  • ISO 27001 Lead Implementer or Auditor

  • PMP or equivalent program management certification

  • ExperienceleveragingAI, automation, or advanced analytics in TPRM oversight(e.g., Microsoft Co-Pilot, ChatGPT Enterprise).

Tools & Technology (Preferred)

  • Extensive experience with TPRM and GRC platforms (e.g., ServiceNow, Coupa).

  • Strong executive-level reporting and data visualization skills (e.g., Power BI).

  • Experience implementing metrics, KRIs, and dashboards aligned to risk appetite.

Key Competencies

  • Recognizedexpertisein third-party risk management.

  • Strategic mindset with hands-on oversight capability.

  • Strong executive presence and ability to provide crediblechallenge.

  • Excellent written and verbal communication skills.

  • Ability to lead through influence in a matrixed, regulated environment.

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.

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