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

Western Alliance Bank

Model Risk Analyst

Phoenix, AZ · On-site

Model Risk Analyst Location: CityScape What you'll do: Western Alliance Bank (WAL) is seeking a ... Knowledge of general banking operations, including deposit operations, loan administration ...

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

$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 ...

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All JobsOperational Risk Analyst JobsOperational Risk Analyst Jobs in Phoenix, AZ

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 15, 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 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 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
Infographic showing various Operational Risk Analyst job openings in Phoenix, AZ as of June 2026, with employment types broken down into 67% Full Time, 25% Part Time, and 8% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $85,231 per year, or $41 per hour.
Risk Management Analyst - Operations & Claims

Risk Management Analyst - Operations & Claims

RideNow Powersports

Chandler, AZ • On-site

Full-time

Posted 13 days ago

RideNow Powersports rating

5.5

Company rating: 5.5 out of 10

Based on 14 frontline employees who took The Breakroom Quiz

134th of 142 rated vehicle equipment hire

Job description

Position Summary
The Risk Management Analyst is responsible for building, standardizing, and managing the company's risk management program, with a primary focus on workers' compensation, claims management, and insurance programs within a self-insured retention (SIR) structure.
This role combines strategic oversight with hands-on execution, driving claim cost control, improving outcomes, and implementing consistent incident management and safety processes across approximately 50 retail locations across the United States.
Operating within the RideNow Way, this role helps bring consistency, accountability, and operational discipline to overall risk management practices across all locations-ensuring that processes are followed, incidents are handled effectively, and decisions support both employee well-being and business performance.
The position partners closely with Legal, HR, Operations, Brokers, and TPAs to actively manage risk exposure, ensure compliance, and drive accountability at the store level.
The goal of this role is to transform risk management from a reactive, decentralized model into a structured, cost-controlled, and scalable function that supports operational performance and financial outcomes.
Key Responsibilities
Risk Analysis & Cost Control
  • Analyze loss data, claim reserves, and total cost of risk (TCOR)
  • Develop reporting and dashboards to identify trends and cost drivers
  • Track key metrics including claim duration, cost per claim, reserve accuracy, and lost-time frequency
  • Provide recommendations to reduce claim costs and improve outcomes

Claims Processing Management
  • Manage workers' compensation claims across multiple states within a self-insured retention (SIR) structure
  • Monitor claim reserves, severity, and lifecycle to control financial exposure
  • Partner with TPAs and adjusters to drive claim resolution and challenge reserve levels and strategies
  • Analyze claim trends and identify drivers of loss; recommend corrective actions
  • Support return-to-work programs, including modified duty and lost-time management
  • Partner with HR and third parties to coordinate handling all claims, including general liability and workers' compensation cases

Incident Management & Reporting Discipline
  • Establish and standardize incident reporting processes across all locations
  • Oversee investigation of incidents, including documentation, root cause analysis, and corrective actions
  • Ensure timely and accurate reporting of all incidents (i.e., WC, liability, auto, property)
  • Identify trends in incidents and implement preventative measures

Field Training & Safety Coordination
  • Train General Managers and store leadership on incident response, reporting expectations, and workers' compensation procedures
  • Establish and support store-level safety contacts to drive accountability
  • Promote consistent safety practices and awareness across locations
  • Support OSHA compliance efforts and documentation requirements (logs, postings, etc.)

Program Standardization & Compliance
  • Support centralization of risk management processes at headquarters
  • Ensure compliance with multi-state workers' compensation and safety regulations
  • Maintain audit-ready processes and documentation
  • Develop and implement policies, procedures, and controls

Risk & Operational Support
  • Support development and coordination with internal teams of standardized drug testing and incident response protocols
  • Provide guidance to operations on risk mitigation and safety practices
  • Participate in store visits and operational reviews as needed

Insurance & Broker / TPA Management
  • Serve as primary liaison with insurance brokers, carriers, and TPAs
  • Support renewals, underwriting submissions, and exposure reporting
  • Ensure integrity and accuracy of claims and exposure data
  • Provide input on coverage strategies, retention levels, and cost implications
  • Partner with Legal on complex claims and litigation matters

Additional Responsibilities
  • Perform additional responsibilities as needed to support risk management operations, process improvement, and business needs

Qualifications
  • 5-8+ years of experience in workers' compensation, risk management, or insurance
  • Strong experience in multi-state environments
  • Experience working with TPAs, brokers, and carriers
  • Demonstrated ability to influence claim outcomes and manage costs
  • Strong analytical skills with ability to interpret claims data and trends
  • Experience implementing or improving processes and programs
  • Retail, dealership, or multi-location experience preferred
  • Experience in self-insured or SIR environments strongly preferred
  • Ability to multitask in a fast-paced environment with performance-oriented results

Physical Requirements & Work Environment
  • In office Monday through Thursday, remote on Fridays with use of computer, phone, and standard office equipment
  • Ability to remain in a stationary position for extended periods
  • Frequent communication with internal and external partners
  • Ability to travel occasionally to field locations as needed for training, audits, and incident review
  • May be exposed to operational environments (retail/service areas with equipment and noise)

Work Authorization
Candidates must be authorized to work in the United States without current or future
sponsorship.
Our Culture
We operate in a fast-paced, performance driven environment focused on accountability, ownership and continuous improvement.
Equal Opportunity Employer
RideNow is an equal opportunity employer. We are committed to creating an inclusive environment for all employees and applicants and do not discriminate based on race, color, religion, sex, national origin, age, disability, or any other protected status.

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