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Operational Risk Associate Jobs in New Jersey (NOW HIRING)

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Operational Risk Associate information

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How much do operational risk associate jobs pay per hour?

As of Jul 3, 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 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.
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 are popular job titles related to Operational Risk Associate jobs in New Jersey? For Operational Risk Associate jobs in New Jersey, the most frequently searched job titles are:
What job categories do people searching Operational Risk Associate jobs in New Jersey look for? The top searched job categories for Operational Risk Associate 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 June 2026, with employment types broken down into 1% As Needed, 65% Full Time, 31% Part Time, and 3% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $55,420 per year, or $26.6 per hour.

Associate, Operational Risk

Sumitomo Mitsui Financial Group, Inc.

Jersey City, NJ • Hybrid

$79K - $112K/yr

Other

Posted 9 days ago

Job description

 SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $79,456.00 and $112,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Descrpition
  • Perform domain specific review and challenge of first-line operational risk functions covering frameworks, policies, methodologies, people, processes, systems, regulation, and external factors relating to operations, resilience, and business continuity management to provide required risk oversight and governance. Collaborate with first-line functions (e.g., Operational Resilience, Business Continuity, IT, Business Control Operations) on risk evaluation and control effectiveness.
  • Review risk mitigation strategies and controls aligned with the firm's risk appetite, control taxonomies, and residual risk tolerances.
  • Conduct second-line oversight reviews of business area programs and functions, including process assessments and risk/control self-assessments of operational risks associated with technology, business continuity, and resilience.
  • Provide subject matter expertise in the design and evaluation of controls within assigned risk domain.
  • Review risk mitigation action plans to reduce residual risk as identified through the review and challenge process.
  • Maintain and enhance risk and control data using historical data and forward-looking scenarios.
  • Develop and evaluate risk dashboards and key risk indicators for accuracy and completeness utilizing applied analytical analysis.
  • Develop meaningful risk metrics, themes, and trends and reporting through modeling and analytical techniques.
  • Produce summaries and reports that quantify current risk levels in support of reporting to risk committees.
  • Plan and manage project tasks and deliverables from start to finish by setting project goals, organizing tasks, coordinating meetings, and ensuring projects are completed on time with issues are raised and addressed.
  • Strong in communication and keeping stakeholders informed. Support management in regulatory exam activities (preparation, information gathering, presentations). 

*Hybrid remote work permitted.

Qualifications and Skills
  • Bachelor's degree in Statistics, Mathematics or a related field plus 2 years of experience.
  • Special skills: Applied Data Visualization; Applied Analytical Analysis; Information Technology Operations & Service Management (ITSM); Project Coordination and Management; Risk Management. 
  • The required skill set does not need to be maintained over the full term of the required experience and may be gained through employment or education.

The role is eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

For benefit information, please see the Careers page

SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.

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