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Operational Risk Analyst Jobs in Allen, TX (NOW HIRING)

Scotiabank

Senior Manager, Operational Risk

Dallas, TX · On-site

Key parts of the framework include incident reports, Risk Control Self Assessments (RCSAs), operational risk deep dives, scenario analyses, identification and monitoring of Key Risk Indicators (KRIs ...

Newrez LLC

Senior Technology Risk Analyst

Coppell, TX · On-site

Document, formulate, and enforce areas of risk-related improvement that balance business operations ... Analyze and assess risk findings and document, recommend, and report program gaps and risk trends ...

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Operational Risk Analyst information

See Allen, TX salary details

$36.3K

$79.8K

$144.2K

How much do operational risk analyst jobs pay per year?

As of Jun 19, 2026, the average yearly pay for operational risk analyst in Allen, TX is $79,846.00, according to ZipRecruiter salary data. Most workers in this role earn between $60,900.00 and $97,200.00 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 Allen, TX? For Operational Risk Analyst jobs in Allen, TX, the most frequently searched job titles are:
What job categories do people searching Operational Risk Analyst jobs in Allen, TX look for? The top searched job categories for Operational Risk Analyst jobs in Allen, TX are:
What cities near Allen, TX are hiring for Operational Risk Analyst jobs? Cities near Allen, TX with the most Operational Risk Analyst job openings:
Operational Risk Analyst jobs near you
Asset & Wealth Management, Operational Risk, Analyst - Dallas

Asset & Wealth Management, Operational Risk, Analyst - Dallas

Goldman Sachs

Dallas, TX • On-site

Other

Posted 6 days ago

Goldman Sachs rating

8.3

Company rating: 8.3 out of 10

Based on 25 frontline employees who took The Breakroom Quiz

29th of 141 rated banks

Job description

Asset Management Public Operational Risk

The Asset Management Public Operational Risk team is a First Line of Defense (1LoD) risk function responsible for identifying, assessing, managing, and monitoring operational risks within the Asset Management Public business. The team works in close partnership with investment, operations, technology, and distribution stakeholders to support effective risk ownership and ensure that key operational risks are identified, mitigated, and managed in alignment with the firm's risk appetite and risk management framework.

Position Overview

This role sits within Asset Management Public Operational Risk and supports the proactive management of operational risks across Asset Management Public businesses. The role requires a strong understanding of business processes, operating models, and key elements of the operational risk management framework, with an emphasis on risk identification, control design and execution, issue management, and ongoing risk monitoring within the business.

Responsibilities

  • Partner with business and functional stakeholders to identify, assess, and manage operational risks, taking a holistic and forward-looking view of the risk profile.
  • Review and assess business changes (e.g., new products, process changes, volume shifts, system implementations, or vendor dependencies) to identify potential operational risk impacts and ensure appropriate controls are in place.
  • Own and maintain comprehensive mappings of business processes, inherent risks, and key controls across Asset Management Public business segments.
  • Monitor, analyze, and escalate operational risk events and near misses, including performing root-cause and thematic analysis to drive sustainable risk reduction.
  • Leverage data analytics and reporting tools to enhance risk transparency, identify emerging risk trends, and support informed management decision-making.
  • Prepare clear, concise, and actionable risk reporting for Asset Management Public leadership, highlighting key risk themes, control gaps, trends, and remediation progress.

Qualifications and Skills

  • Bachelor's degree or equivalent required
  • 1-3 years of experience in Asset Management, or a related function within financial services, preferably with a risk focus.
  • Strong understanding of operational risk management concepts, control design, issue management, and risk monitoring within a first-line environment.
  • Proficiency in data analysis, reporting, and risk metrics development.
  • Exceptional analytical skills with the ability to synthesize complex information into clear, actionable insights.
  • Strong written and verbal communication skills, with demonstrated ability to effectively communicate risk matters, challenges, and recommendations to senior management and executive-level stakeholders.
  • Ability to partner confidently with business leaders and influence risk outcomes through clear, credible, and well-structured messaging.
  • Ability to work collaboratively in a fast-paced, team-oriented environment.
  • Proficiency in Excel, PowerPoint, and SharePoint; Tableau experience a plus.

What Goldman Sachs employees say

Pay

Benefits

Hours and flexibility

Workplace

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About Goldman Sachs

Sourced by ZipRecruiter

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Year founded

1869

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