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Operational Risk Analyst Jobs in Phoenix, AZ (NOW HIRING)

Peraton

Risk and Vulnerability Analyst

Chandler, AZ · On-site

$80K - $128K/yr

Support 24x7 SOC operations by performing continuous vulnerability monitoring and risk analysis. * Execute vulnerability assessments using industry-standard scanning tools across networks, systems ...

Peraton

Risk and Vulnerability Analyst

Chandler, AZ · On-site

$80K - $128K/yr

Support 24x7 SOC operations by performing continuous vulnerability monitoring and risk analysis. * Execute vulnerability assessments using industry-standard scanning tools across networks, systems ...

Peraton

Risk and Vulnerability Analyst

Chandler, AZ · On-site

$80K - $128K/yr

Support 24x7 SOC operations by performing continuous vulnerability monitoring and risk analysis. * Execute vulnerability assessments using industry-standard scanning tools across networks, systems ...

AssetMark

Senior Billing Risk Analyst

Phoenix, AZ · On-site

$90K - $105K/yr

The Senior Billing Risk Analyst is responsible for conducting audits, strengthening control ... This role collaborates closely with the Billing Implementation Manager, Billing Operations, and ...

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Operational Risk Analyst information

See Phoenix, AZ salary details

$38.7K

$85.2K

$153.9K

How much do operational risk analyst jobs pay per year?

As of Jun 1, 2026, the average yearly pay for operational risk analyst in Phoenix, AZ is $85,231.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,000.00 and $103,800.00 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 popular job titles related to Operational Risk Analyst jobs in Phoenix, AZ? For Operational Risk Analyst jobs in Phoenix, AZ, the most frequently searched job titles are:
What job categories do people searching Operational Risk Analyst jobs in Phoenix, AZ look for? The top searched job categories for Operational Risk Analyst jobs in Phoenix, AZ are:
Operational Risk Analyst jobs near you
Compliance & Operational Risk Testing Analyst - IT Audit & Cybersecurity

Compliance & Operational Risk Testing Analyst - IT Audit & Cybersecurity

Strategic Staffing Solutions

Phoenix, AZ • Remote

Other

Posted 22 days ago

Job description

Job Description Compliance & Operational Risk Testing Analyst - IT Audit & Cybersecurity Location: Remote Duration: 5 month Contract Industry: Financial Services / Insurance Environment: Second Line of Defense, Compliance & Operational Risk Position Overview We are seeking a Compliance & Operational Risk Testing Analyst to support independent testing and control validation activities within a highly regulated enterprise environment. This role sits within the second line of defense and focuses on assessing compliance with cybersecurity, IT risk, operational risk, and regulatory requirements. The ideal candidate brings a combination of IT audit, cybersecurity, compliance testing, and risk management experience within large enterprise or financial services organizations.

Key Responsibilities Execute independent compliance and operational risk testing activities under established testing methodologies Develop and document testing procedures for complex policies, controls, regulations, and operational processes Perform test of design and test of operating effectiveness for IT and cybersecurity controls Review compliance with enterprise policies, regulatory requirements, and security standards Prepare detailed workpapers, supporting evidence, and formal testing documentation Identify control weaknesses, process gaps, and operational risks Develop root cause analysis and recommend corrective actions Partner with internal audit, cybersecurity, compliance, and business stakeholders Present findings, testing results, and remediation recommendations to leadership Maintain organized audit and testing documentation for regulatory and governance purposes Required Qualifications 4+ years of experience in: IT Audit Operational Risk Compliance Testing Cybersecurity Risk Internal or External Audit Experience interpreting and applying: Federal regulations State regulations IT compliance standards Cybersecurity requirements Experience performing: Control testing Risk assessments Operational effectiveness reviews Compliance validation Advanced knowledge of testing methodologies and control frameworks Strong documentation, analytical, and communication skills Advanced Microsoft Office skills including Excel, Word, and PowerPoint Bachelor's degree or equivalent experience Preferred Qualifications 6+ years of IT Audit or Cybersecurity experience within large financial institutions Certifications preferred: CISA CISSP CISM CRISC CIA CDPSE Experience supporting second line of defense functions Knowledge of enterprise cybersecurity governance and risk frameworks Familiarity with regulatory and audit environments in banking, insurance, or financial services Ideal Candidate Profile Strong risk and controls mindset Comfortable working independently in highly regulated environments Able to communicate effectively with technical and executive stakeholders Detail-oriented with strong investigative and documentation skills Experienced balancing multiple testing engagements simultaneously

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