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Operational Risk Associate Jobs in New Jersey (NOW HIRING)

DTCC

Market Risk Associate

Jersey City, NJ · On-site

Collaborates with cross functional teams including Counterparty Credit Risk, Liquidity Risk, Operations, Quantitative Risk, Relationship Management to bolster risk management practices. * Educate ...

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Operational Risk Associate information

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How much do operational risk associate jobs pay per hour?

As of Sep 10, 2026, the average hourly pay for operational risk associate in New Jersey is $26.64, according to ZipRecruiter salary data. Most workers in this role earn between $18.08 and $30.77 per hour, depending on experience, location, and employer.

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.

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

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 are the most commonly searched types of Operational Risk jobs in New Jersey?

The most popular types of Operational Risk jobs in New Jersey are:

What cities in New Jersey are hiring for Operational Risk Associate jobs?

Cities in New Jersey with the most Operational Risk Associate job openings:

Operational Risk Associate jobs near you
Infographic showing various Operational Risk Associate job openings in New Jersey as of August 2026, with employment types broken down into 89% Full Time, 10% Part Time, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $55,420 per year, or $26.6 per hour.

Risk Management - Risk Associate

Jersey City, NJ • On-site

JP Morgan Chase
Finance and Insurance • 10K+ employees
Learn more about JP Morgan Chaseexternal

Full-time

Medical, Retirement

Posted 13 days ago

JPMorgan Chase & Co. rating

7.9

Company rating: 7.9 out of 10

Based on 500 frontline employees who took The Breakroom Quiz

78th of 176 rated banks

Job description

As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As an Associate in the Chief Investments Office Market Risk team, you will support the second line of defense by partnering with Home Lending businesses such as Pipeline Warehouse, Non-Agency Warehouse, and Mortgage Servicing Rights. You will help monitor, analyze, and report interest rate, spread, prepayment, and liquidity risks across Agency MBS, RMBS, and other structured products. Working under the guidance of senior risk managers, you will contribute to daily risk coverage, limit monitoring, stress testing, and scenario analysis, and deliver clear risk insights for management and governance forums.

Job Responsibilities

  • Support market risk coverage for Home Lending Residential Loans desks, including Agency, Non-Agency, MSR and hedges (Swaps, Futures, Options, TBAs, etc.).
  • Monitor daily risk measures and key changes in market risk, trading activity, and risk profiles; escalate notable moves/issues with clear context.
  • Prepare regular risk updates (market moves, P&L drivers, limit usage, key risks) for senior management and risk forums.
  • Perform product- and trade-level analyses to identify material risks, concentrations, and emerging vulnerabilities (e.g., rates/spread moves, prepayment impacts, convexity/basis).
  • Assist with review of portfolio risk sensitivities, Value-at-Risk (VaR), stress results, and limit management; support documentation for limit exceptions as needed.
  • Contribute to the design, implementation, and maintenance of stress scenarios and ad hoc scenario requests; improve documentation and repeatability.
  • Support new product and new trade reviews by gathering analysis and summarizing risks for approvals materials and risk frameworks.
  • Partner with Middle Office, Operations, Compliance, Technology, and Product Control to resolve data/booking/reporting breaks and strengthen controls.

  • Help enhance risk reporting and analytics through automation and improved data quality checks.

Required Qualifications, Capabilities, and Skills

  • Minimum 2 years of relevant experience in market risk, front office, treasury, risk analytics, product control, or a similar role; mortgage/structured products exposure (Agency MBS, RMBS, MSR, or rates/volatility products).
  • Bachelor's degree required in finance, math, engineering, economics, business, or computer science.
  • Working knowledge of market risk concepts/metrics (e.g., VaR, stress testing, DV01/delta, gamma/convexity; familiarity with spread and prepayment risk).
  • Strong quantitative and analytical skills with high attention to detail; ability to translate analysis into clear takeaways.
  • Strong written and verbal communication skills; comfortable collaborating with trading, risk, product control, and technology partners.
  • Demonstrated ownership mindset: able to manage defined workstreams independently, prioritize effectively, and escalate issues appropriately.
  • Strong controls orientation (documentation, reconciliations, data quality checks, process discipline).

Preferred Qualifications

  • Familiarity with spread and prepayment risk 
  • AI adoption experience (applying AI tools to improve analysis, reporting, documentation, or controls) 
  • Python experience.
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.

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