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Operational Risk Analyst Jobs in New Jersey (NOW HIRING)

Valley Bank

Operational Risk Manager

Morristown, NJ · On-site

Work with control groups to ensure analysis of issues, actions and events identified, escalated, and documented within the GRC system. * Lead and perform operational risk assessments for bank ...

Valley Bank

Sr Analyst, Operational Risk

Morristown, NJ · On-site

With guidance, conduct a mini front-to-back analysis of incidents to determine if an enhancement is needed to a function/process/control and ensure that operational risk incidents are properly posted ...

SourcePro Search

Risk Analyst

Trenton, NJ

Solid understanding of the Technology and Operations Risk Management principles and governance ... Excellent reasoning and analytical skills * Excellent organizational and communication skills

Burlington Stores

Risk Analyst II

Burlington, NJ · On-site

All reporting will go to the Risk Manager for final review • Manage analytical projects from ... • Support insurance operations and data management processes • Assist in tracking the ...

SHI

Sr. Risk Analyst

Somerset, NJ · On-site

Identify, assess, and monitor operational, financial, reputational, and strategic risks across the organization. * Develop, implement, and update risk management policies, procedures, and mitigation ...

SHI International Corp.

Sr. Risk Analyst

Somerset, NJ · On-site

Identify, assess, and monitor operational, financial, reputational, and strategic risks across the organization. * Develop, implement, and update risk management policies, procedures, and mitigation ...

Qcells

Counterparty Risk Analyst (Financial)

Teaneck, NJ · On-site +1

$75K - $95K/yr

EnFin's Risk Analyst is responsible for the analysis, structuring, and administration of the ... Collaborate with business partners (onboarding, operations, legal, etc.) and business development ...

Qcells

Counterparty Risk Analyst (Financial)

Teaneck, NJ · On-site

$75K - $95K/yr

EnFin's Risk Analyst is responsible for the analysis, structuring, and administration of the ... Collaborate with business partners (onboarding, operations, legal, etc.) and business development ...

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Operational Risk Analyst information

See New Jersey salary details

$39.6K

$87.1K

$157.4K

How much do operational risk analyst jobs pay per year?

As of May 28, 2026, the average yearly pay for operational risk analyst in New Jersey is $87,147.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,500.00 and $106,100.00 per year, depending on experience, location, and employer.

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 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 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 the most commonly searched types of Operational Risk Analyst jobs in New Jersey? The most popular types of Operational Risk Analyst jobs in New Jersey are:
What are popular job titles related to Operational Risk Analyst jobs in New Jersey? For Operational Risk Analyst jobs in New Jersey, the most frequently searched job titles are:
What job categories do people searching Operational Risk Analyst jobs in New Jersey look for? The top searched job categories for Operational Risk Analyst jobs in New Jersey are:
What are popular job titles related to Operational Risk Analyst jobs in NJ? For Operational Risk Analyst jobs in NJ, the most frequently searched job titles are:
Operational Risk Analyst jobs near you
Operational Risk Manager

Operational Risk Manager

Valley Bank

Morristown, NJ • On-site

Full-time

This job post has expired today. Applications are no longer accepted.

Valley Bank rating

7.9

Company rating: 7.9 out of 10

Based on 16 frontline employees who took The Breakroom Quiz

61st of 141 rated banks

Job description

Responsibilities include but are not limited to:
  • Oversee the firm wide issue, action and operational risk event identification, escalation, and tracking process for specific business lines. Work with control groups to ensure analysis of issues, actions and events identified, escalated, and documented within the GRC system.
  • Lead and perform operational risk assessments for bank departments, including risk evaluation, documentation, and reporting of findings, trends, and recommendations to Executive Management.
  • Partner with department managers to identify operational risks, develop and refine key risk indicators (KRIs), and support ongoing risk monitoring and mitigation activities.
  • Assist Risk Management on significant risk related projects, initiatives and special risk assessments that impact the risk profile of the bank.
  • Prepare and produce quarterly Board level operational risk reports, including benchmarking the bank's performance against peer institutions.
  • Stay current on regulatory requirements, industry best practices, and emerging risks by participating in relevant professional associations, conferences, and internal and external training programs; maintain required certifications as applicable.

Required Skills:
  • Comprehensive knowledge of the functions of bank departments and of the banking industry.
  • Demonstrated operational skills.
  • Ability to effectively respond to shifting priorities and assignments.
  • Proficient PC skills for Microsoft Office -- Word, Excel and Outlook. Some knowledge of Access.
  • Excellent verbal and written communication skills. Ability to use communication skills to effectively manage correspondence with all levels of bank staff, senior and executive management and representatives of outside organizations.
  • Developed analytical skills. Basic mathematical skills.
  • Ability to read, analyze and interpret complex documents.
  • Well organized and detail oriented.
  • Ability to meet deadlines and expectations with little or no supervision.

Required Experience:
  • Bachelors Degree in finance, business administration, risk management, or a related field.
  • Minimum of 5 years of experience in operational risk management or a related area within a financial services environment.
  • Strong understanding of risk management frameworks, regulatory requirements, and industry best practices.

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