ZipRecruiter

Log In

1

Operational Risk Associate Jobs in New Jersey (NOW HIRING)

next page

Showing results 1-20

All JobsOperational Risk Associate JobsOperational Risk Associate Jobs in New Jersey

Operational Risk Associate information

See New Jersey salary details

$11

$26

$54

How much do operational risk associate jobs pay per hour?

As of Jun 9, 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 74% Full Time, 24% Part Time, 1% Temporary, 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.

Senior Associate, Liquidity & Market Risk Management

CLS-Group

Iselin, NJ • On-site

$105K/yr

Full-time

Medical, Dental, Retirement

Posted 23 days ago

Job description

About CLS:
CLS is the trusted party at the centre of the global FX ecosystem. Utilized by thousands of counterparties, CLS makes FX safer, smoother and more cost effective. Trillions of dollars' worth of currency flows through our systems each day.
Created by the market for the market, our unrivalled global settlement infrastructure reduces systemic risk and provides standardization for participants in many of the world's most actively traded currencies. We deliver huge efficiencies and savings for our clients: in fact, our approach to multilateral netting shrinks funding requirements by over 96% on average, so clients can put their capital and resources to better use.
CLS products are designed to enable clients to manage risk most effectively across the full FX lifecycle - whether through more efficient processing tools or market intelligence derived from the largest single source of FX executed data available to the market.
Our ambition to make a positive difference starts with our people. Our values underpin everything that we do at CLS and define our working environment:
  • Pivotal purpose
  • Trusted guardian
  • Targeted innovation
  • Facilitate connections
  • Delivering excellence
  • Inclusive culture

Job information:
  • Functional title - Senior Associate - Liquidity and Market Risk
  • Department - Risk and Compliance
  • Corporate level - Senior Associate
  • Report to - John Wang
  • Location - Metropark NJ
  • Expected full-time salary range between $ 90K - $105K + variable compensation + 401(k) match + benefits.
    • Note: Disclosure as required by NJ Pay Transparency Law of the expected salary compensation range for this role.

Summary
As a Senior Associate in the Liquidity and Market Risk Management (LMR) team, you will play a pivotal role in managing liquidity and market risk strategies for our organization. You will assist in the assessment and analysis of risk impact and benefits in offering new strategic initiatives of CLS and on-boarding new members and currencies onto CLS.
In addition, you will engage in day-to-day risk monitoring activities and contribute to the continuous improvement of our risk management processes, including but not limited to performing liquidity risk analysis for market events affecting CLS Settlement services, conducting stress testing for enhanced risk monitoring, preparing management risk reporting, and executing model risk management responsibilities as a model owner.
Responsibilities
  • Perform liquidity analysis to assess the risk and benefits as part of CLS Settlement participation expansion and offering new strategic initiatives.
  • Perform daily and quarterly stress testing to assess the impact of potential member pay-in failures for heightened settlement monitoring as part of Regulatory requirement.
  • Perform risk impact analysis in response to market and geopolitical events that may affect CLS Settlement service.
  • Enhance existing LMR processes by automating or enhancing them to minimize operational errors and make day-to-day work efficient.
  • Conduct on-going model monitoring and enhance model documents for LMR's owned model in accordance with the Model Risk Policy requirements.
  • Code and implement benchmarking models for LMR's owned model as part of MRM's on-going monitoring requirement.
  • Prepare detailed risk reports for internal stakeholders and regulators to support management reporting and RCSA processes.

Experience:
  • Three + years of work experience in banking, consulting, or other financial institutions.
  • Degree in computer science, finance, economics or quantitative discipline, MS/MBA preferred.
  • Strong quantitative skills and experience in financial analytics and risk methodologies.
  • Strong discipline of vetting own work and attention to detail to deliver high quality work products.
  • Possess excellent critical thinking capabilities and problem-solving skills.
  • Strong communication and interpersonal skills.
  • Ability to work collaboratively with cross-functional teams.
  • Advanced SQL, R, Python, and Excel VBA skills.
  • Proficient in interpreting, data cleaning, manipulating, and performing analysis with large amounts of data.

Our commitment to employees:
At CLS, we celebrate inclusion and consider this to be one of our strongest assets. We are committed to fostering an environment in which everyone feels comfortable to be who they are, and inclusion is valued. All employees have access to our inclusive benefits, including:
  • Holiday - UK/Asia: 25 holiday days and 3 'life days' (in addition to bank holidays). US: 23 holiday days.
  • 2 paid volunteer days so that you can actively support causes within your community that are important to you.
  • Generous parental leave policies to ensure you can enjoy valuable time with your family.
  • Parental transition coaching programmes and support services.
  • Wellbeing and mental health support resources to ensure you are looking after yourself, and able to support others.
  • Employee Networks (including our Women's Forum, Black Employee Network and Pride Network) in support of our organisational commitment to embrace and always be learning more about inclusivity.
  • Hybrid working to promote a healthy work/life balance, enabling employees to work collaboratively in the office when needed and work from home when they don't.
  • Active support of flexible working for all employees where possible.
  • Monthly 'Heads Down Days' with no meetings across the whole company.
  • Generous non-contributory pension provision for UK/Asia employees, and 401K match from CLS for US employees.
  • Private medical insurance and dental coverage.
  • Social events that give you opportunities to meet new people and broaden your network across the organisation.
  • Annual flu vaccinations.
  • Discounts and savings and cashback across a wide range of categories including health and retail for UK employees.
  • Discounted Gym membership - Complete Body Gym Discount/Sweat equity program for US employees.
  • All employees have access to Discover - our comprehensive learning platform with 1000+ courses from LinkedIn Learning.
  • Access to frequent development sessions on a number of topics to help you be successful and develop your career at CLS.

Apply