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Operational Risk Associate Jobs in New York (NOW HIRING)

ING Group

Associates, Counterparty Credit Risk

New York, NY · On-site

$117K - $123K/yr

Associates, Counterparty Credit Risk Employer: ING Financial Services, LLC Location: New York, NY ... operational procedures to support Agency Lending activities, including stakeholder coordination and ...

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Operational Risk Associate information

See New York salary details

$12

$28

$58

How much do operational risk associate jobs pay per hour?

As of Jul 21, 2026, the average hourly pay for operational risk associate in New York is $28.71, according to ZipRecruiter salary data. Most workers in this role earn between $19.47 and $33.12 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 York? The most popular types of Operational Risk jobs in New York are:
What cities in New York are hiring for Operational Risk Associate jobs? Cities in New York with the most Operational Risk Associate job openings:
Operational Risk Associate jobs near you
Infographic showing various Operational Risk Associate job openings in New York as of July 2026, with employment types broken down into 1% As Needed, 71% Full Time, 26% Part Time, 1% Temporary, and 1% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $59,722 per year, or $28.7 per hour.

New Business Group Risk Associate

Nomura International

Manhattan, NY • On-site

$110K - $130K/yr

Full-time

Medical, Retirement, PTO

Re-posted 5 hours ago

Job description

Job Title: New Business Risk Associate
Corporate Title: Associate
Department: Risk Management
Location: New York
The pay range for this position at commencement of employment is expected to be between $110,000 and $130,000/year
* (see below footnote for additional compensation and benefits information).
Company overview
Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.
Aon's Benefit Index®, Nomura's benefits rank #1 amongst our competitors
Department Overview:
Nomura's Risk department plays a crucial role in identifying, assessing, and mitigating risks across our business. We strive to protect the firm's assets, reputation, and financial stability by implementing robust risk management practices. Join our team and contribute to our proactive approach in managing risks, allowing us to make informed decisions and thrive in an ever-changing market environment.
Role Description:
The successful applicant will report to the Global Head of New Products based in Singapore, and will work closely with regional and cross regional stakeholders.
The New Business Group Risk Associate will be required to manage queries and approval requests for new products and business initiatives, including managing the approval workflow for infrastructure departments and senior management. Raising initial questions/comments on product proposal to business teams. Follow-up with stakeholders on caveats, conditions, post implementation reviews (PIR), etc.
Additionally, as required, the individual will be required to support other critical tasks for the New Business Team including transaction committee approvals and project work.
  • Managing product approval process, often under pressure and to tight deadlines, ensuring approvals are correctly documented and records kept.
  • Investigate and assess impact of queries raised by business and corporate partners from the perspective of impact on current approved scope and governance
  • Support various reporting requirements for monthly management meetings, updates of relevant Approved Product Lists, system testing and requirements, training, audit requests, etc
  • Support project work for efficiency enhancement and scope enhancement; likely including activities related to data analysis, data extraction, requirement gathering, communication and presentation (PowerPoint and excel)
  • Coordination of committee meetings & logistics and minute taking as required
  • Providing cover when required for other members of the New Business team

Skills, experience, qualifications and knowledge required:
  • Experience in the banking sector
  • Experience and understanding of banking products. Specific product knowledge in equity, FX, credit products will be helpful
  • Good project management skills with expertise in dealing with a wide spectrum of stakeholders
  • Ability to understand different risk types associated with product and service offering (legal, compliance, finance, operational)
  • Demonstrate ability to run governance frameworks, enforce controls and communicate clearly across all levels of seniority
  • Strong analytical and problem-solving skills
  • Excellent communication and presentation skills
  • Proficiency in Microsoft Office Suite
  • Minimum Degree from an accredited University

Nomura Competencies
Explore Insights & Vision
  • Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.

Making Strategic Decisions
  • Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.

Inspire Entrepreneurship in People
  • Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.

Elevate Organizational Capability
  • Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.

Inclusion
  • Foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).

*base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
If hired in the U.S., employee will be in an "at-will position" and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors".
Nomura is an Equal Opportunity Employer

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