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Operational Risk Associate Jobs (NOW HIRING)

Aritzia

Risk Associate

Tysons Corner, VA

... operations. THE OPPORTUNITY With a special focus on merchandise security, our Risk Associate ... supports the Store team in delivering an outstanding customer experience while encouraging a safe ...

Capital One

Senior Risk Associate

Richmond, VA · On-site

Operational loss data is collected from across the Company and housed in the centralized Risk Data Warehouse. This is data used to report risk metrics and other insights to the Company's senior ...

Capital One

Senior Risk Associate

Mclean, VA

Operational loss data is collected from across the Company and housed in the centralized Risk Data Warehouse. This is data used to report risk metrics and other insights to the Company's senior ...

Capital One

Senior Risk Associate

Richmond, VA

Operational loss data is collected from across the Company and housed in the centralized Risk Data Warehouse. This is data used to report risk metrics and other insights to the Company's senior ...

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How much do operational risk associate jobs pay per hour?

As of Jul 20, 2026, the average hourly pay for operational risk associate in the United States is $26.24, according to ZipRecruiter salary data. Most workers in this role earn between $17.79 and $30.29 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Operational Risk Associate, and why are they important?

To thrive as an Operational Risk Associate, you need strong analytical skills, knowledge of risk management frameworks, and a background in finance, business, or a related field. Familiarity with risk assessment tools, regulatory compliance systems, and certifications such as FRM or CRISC is often required. Attention to detail, problem-solving ability, and effective communication are vital soft skills for identifying risks and collaborating with teams. These skills ensure accurate risk identification, regulatory compliance, and the development of strategies to mitigate operational losses.

What are the typical challenges an Operational Risk Associate faces when working with cross-functional teams?

Operational Risk Associates often collaborate with departments such as compliance, audit, IT, and business operations to identify and mitigate potential risks. One common challenge is ensuring clear communication and alignment across teams with different priorities and risk tolerances. Additionally, navigating data inconsistencies and varying risk awareness levels can make it difficult to implement standardized controls. Building strong relationships and maintaining open channels for feedback help address these challenges and foster a proactive risk culture.

What is the difference between Operational Risk Associate vs Credit Risk Analyst?

AspectOperational Risk AssociateCredit Risk Analyst
Required CredentialsBachelor's degree, certifications like FRM or ORMBachelor's degree, certifications like CFA or FRM
Work EnvironmentFinancial institutions, risk management teamsBanking, lending institutions, credit departments
Employer & Industry UsageUsed in risk management departments across finance sectorsCommon in banking and lending sectors for credit assessment
Comparison Search IntentUnderstanding risk management roles in operationsAssessing credit risk and loan viability

The Operational Risk Associate focuses on identifying and mitigating risks related to operational processes within financial institutions, while the Credit Risk Analyst specializes in evaluating the creditworthiness of borrowers. Both roles require similar certifications and work in risk-related departments, but their core responsibilities differ—one manages operational risks, the other assesses credit risks.

What does an Operational Risk Associate do?

An Operational Risk Associate is responsible for identifying, assessing, and helping to mitigate risks that could impact a company's day-to-day operations. They work to ensure that processes, systems, and controls are in place to minimize the likelihood and impact of operational failures, such as fraud, system breakdowns, or regulatory breaches. Their duties often include risk assessments, incident reporting, data analysis, and supporting the implementation of risk management policies and procedures. Operational Risk Associates frequently collaborate with other departments to raise awareness and promote a strong risk culture within the organization.
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Operational Risk Associate jobs near you
Risk, Operational Risk, Associate, Dallas

Risk, Operational Risk, Associate, Dallas

Goldman Sachs, Inc.

Dallas, TX

Other

Re-posted 14 days ago

Goldman Sachs rating

8.2

Company rating: 8.2 out of 10

Based on 26 frontline employees who took The Breakroom Quiz

44th of 149 rated banks

Job description

JOB TITLE: Associate, Operational Risk

ENTITY: Goldman Sachs & Co. LLC

DIVISION: Risk Division

JOB LOCATION: 717 North Harwood Street, Dallas, TX 75201

Number of direct reports: None

JOB DUTIES:

Identify, monitor, and analyze operational risks arising from data management practices such as prioritization of critical data, cataloguing of data lineage, data sourcing contracts, data governance standards, data quality controls and data quality monitoring

Develop evidence-based challenges and recommendations to improve data management operations and reduce operational risk

Develop, monitor and report metrics to measure adherence to data management standards, such as ownership, authoritative data sourcing and data quality controls

Propose qualitative and quantitative operational risk appetite/tolerance and monitor risk-taking trends through bespoke metrics.

Monitor the key control inventory for critical data, challenging the absent or non-compliant controls and ensure alignment with defined standards

Conduct scenario analysis by working with stakeholders to develop plausible tail risk scenarios used in quantifying specific businesses exposure to potential risk

Contribute to divisional and functional risk profile assessments by highlighting risk issues and trends to senior divisional managers and senior Operational Risk management team

Conduct quarterly triggered assessments to ensure the divisional risk and control self-assessment outcomes are consistent, credible, and underpinned by appropriate evidence

Remain current on business drivers, regulatory and industry changes impacting the firm's data governance activities and obligations

Contribute to the advancement of operational risk methods and practices and the operational risk management framework

Identify and drive initiatives that improve the risk management activities at the firm

MINIMUM EDUCATION REQUIREMENTS/DEGREE AND FIELD:

Master's degree (U.S. or foreign equivalent) in Finance, Economics, Business Administration, Computer Science, Accounting, Law, or a related field and one (1) of experience in the job offered or in a related role.

OR

Bachelor's degree (U.S. or foreign equivalent) in Finance, Economics, Business Administration, Computer Science, Accounting, Law, or a related field and three (3) years of experience in the job offered or in a related role.

SPECIAL SKILLS AND/OR LICENSES REQUIRED TO PERFORM THE JOB:

Prior experience must include two (2) years with Master's degree or four (4) years in the following:

Regulatory Compliance and Business Law

Corporate Governance and Risk Management

Finance and Financial Products

Operational Process Analysis

Management and Stakeholder Communication

Project Management

No license/travel/foreign language requirement

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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