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Operational Risk Analyst Jobs (NOW HIRING)

Identify and assess risks across active projects, pursuits, and corporate operations * Develop and ... Risk assessment & mitigation * Contract analysis * Financial modeling and data analysis * Cross ...

Operational Risk Manager

Boston, MA · On-site

$110K - $135K/yr

Operational Risk Manager (ORM) The Operational Risk Manager (ORM) serves as the regional leader for ... Analytics, Technology & Continuous Improvement • Analyze monthly claim trends and develop ...

New

Operational Risk Manager (ORM) The Operational Risk Manager (ORM) serves as the regional leader for ... Analytics, Technology & Continuous Improvement Analyze monthly claim trends and develop proactive ...

New

Role Summary The Operational Risk Manager (ORM) serves as the regional leader for operational risk ... Analytics, Technology & Continuous Improvement Analyze monthly claim trends and develop proactive ...

Operational Risk Manager

Pawtucket, RI · On-site

$110K - $135K/yr

Operational Risk Manager (ORM) The Operational Risk Manager (ORM) serves as the regional leader for ... Analytics, Technology & Continuous Improvement • Analyze monthly claim trends and develop ...

New

Operational Risk Manager

Burlington, VT · On-site

$110K - $135K/yr

Operational Risk Manager (ORM) The Operational Risk Manager (ORM) serves as the regional leader for ... Analytics, Technology & Continuous Improvement • Analyze monthly claim trends and develop ...

New

Operational Risk Manager

Newark, NJ · On-site

$110K - $135K/yr

Operational Risk Manager (ORM) The Operational Risk Manager (ORM) serves as the regional leader for ... Analytics, Technology & Continuous Improvement • Analyze monthly claim trends and develop ...

New

Operational Risk Manager

Stamford, CT · On-site

$110K - $135K/yr

Operational Risk Manager (ORM) The Operational Risk Manager (ORM) serves as the regional leader for ... Analytics, Technology & Continuous Improvement • Analyze monthly claim trends and develop ...

New

Operational Risk Manager

Providence, RI · On-site

$110K - $135K/yr

Operational Risk Manager (ORM) The Operational Risk Manager (ORM) serves as the regional leader for ... Analytics, Technology & Continuous Improvement • Analyze monthly claim trends and develop ...

New

Operational Risk Manager (ORM) The Operational Risk Manager (ORM) serves as the regional leader for ... Analytics, Technology & Continuous Improvement • Analyze monthly claim trends and develop ...

New

Freddie Mac is seeking an Operational Risk Professional to join the Investments & Capital Markets ... Detail-oriented, analytical and good written and verbal communication skills * Ability to ...

Operational Risk Manager

Shelton, CT · On-site

$110K - $135K/yr

Role Summary The Operational Risk Manager (ORM) serves as the regional leader for operational risk ... Analytics, Technology & Continuous Improvement • Analyze monthly claim trends and develop ...

Operational Risk Manager

Portland, ME · On-site

$110K - $135K/yr

Operational Risk Manager (ORM) The Operational Risk Manager (ORM) serves as the regional leader for ... Analytics, Technology & Continuous Improvement • Analyze monthly claim trends and develop ...

New

Lead the analysis, assessment, and continuous monitoring of operational risks across business units ... Prepare and present risk reporting for senior management and governance committees. What's required ...

Operational Risk Manager

Manchester, NH · On-site

$110K - $135K/yr

Operational Risk Manager (ORM) The Operational Risk Manager (ORM) serves as the regional leader for ... Analytics, Technology & Continuous Improvement • Analyze monthly claim trends and develop ...

New

Operational Risk Manager

Cranston, RI · On-site

$110K - $135K/yr

Operational Risk Manager (ORM) The Operational Risk Manager (ORM) serves as the regional leader for ... Analytics, Technology & Continuous Improvement • Analyze monthly claim trends and develop ...

New

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Operational Risk Analyst information

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$39K

$85.8K

$155K

How much do operational risk analyst jobs pay per year?

As of Jun 26, 2026, the average yearly pay for operational risk analyst in the United States is $85,839.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,500.00 and $104,500.00 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.

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What are popular job titles related to Operational Risk Analyst jobs? For Operational Risk Analyst jobs, the most frequently searched job titles are:

Risk Analyst

HR4Me

Cincinnati, OH • On-site

Full-time

Posted 6 days ago


Job description

Enterprise & Project Risk Management
  • Identify and assess risks across active projects, pursuits, and corporate operations
  • Develop and maintain risk registers for major projects and business units
  • Evaluate exposure related to project size, scope, delivery method, schedule, and geography
  • Support risk reviews during pursuit, preconstruction, and project kickoff phases

Contract & Legal Risk
  • Review owner contracts, subcontracts, and vendor agreements for risk exposure
  • Identify unfavorable terms related to indemnification, liquidated damages, warranties, insurance, bonding, and force majeure
  • Collaborate with legal counsel on contract negotiations and risk mitigation strategies
  • Track contractual risk trends and recommend policy improvements

Insurance & Claims Management
  • Coordinate with brokers on insurance placements (GL, WC, Auto, Builders Risk, Professional Liability, OCIP/CCIP)
  • Analyze loss runs, claims history, and deductible exposure
  • Support claims management, documentation, and resolution
  • Assist with renewals and insurer submissions

Financial & Operational Risk Analysis
  • Analyze project financial data to identify cost, margin, and cash flow risks
  • Monitor exposure related to change orders, productivity, escalation, and supply chain disruptions
  • Support forecasting and scenario modeling for large or complex projects
  • Partner with project controls and finance teams to identify early warning indicators

Safety & Compliance Risk
  • Collaborate with Safety and Operations teams to assess safety-related risks and trends
  • Analyze incident data and recommend corrective actions
  • Support regulatory compliance (OSHA, DOT, state/local requirements)
  • Assist in audits and compliance reporting

Reporting & Communication
  • Prepare risk reports and dashboards for executive leadership
  • Present risk findings and recommendations to senior management
  • Maintain risk policies, procedures, and documentation
  • Support continuous improvement of risk management frameworks

Qualifications:
Required
  • Bachelor's degree in Finance, Risk Management, Construction Management, Engineering, or related field
  • 3-7+ years of experience in risk analysis, construction finance, insurance, or project controls
  • Experience in construction, mechanical contracting, or industrial services preferred
  • Strong understanding of construction contracts and project delivery methods (DBB, DB, CM, EPC)
  • Proficiency in Excel; experience with ERP systems (e.g., Viewpoint, Procore, SAP, Oracle) a plus

Preferred
  • Professional certifications (ARM, CPCU, CRIS, PMP, or similar)
  • Experience with large, complex projects ($25M+)
  • Knowledge of union and non-union labor environments
  • Experience with OCIP/CCIP programs

Core Competencies
  • Risk assessment & mitigation
  • Contract analysis
  • Financial modeling and data analysis
  • Cross-functional collaboration
  • Executive-level communication
  • Attention to detail with big-picture perspective

Key Performance Indicators (KPIs)
  • Reduction in claims frequency and severity
  • Improved project margin protection
  • Timely identification of high-risk projects
  • Successful insurance renewals and audits
  • Accuracy and usefulness of risk reporting

Why Join Us
  • Opportunity to influence risk strategy at an enterprise level
  • Exposure to large-scale, complex mechanical construction projects
  • Direct interaction with executive leadership
  • Competitive compensation, bonus potential, and benefits

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.