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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

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$12

$28

$58

How much do operational risk associate jobs pay per hour?

As of Aug 10, 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?

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 82% Full Time, 13% Part Time, 2% Temporary, and 3% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $59,722 per year, or $28.7 per hour.

GBM - Public, Securities, Prime Services Clearing Risk, Associate, New York

Goldman Sachs

New York, NY • On-site

Full-time, Part-time

Re-posted 9 hours ago

Goldman Sachs rating

8.3

Company rating: 8.3 out of 10

Based on 27 frontline employees who took The Breakroom Quiz

47th of 170 rated banks

Job description

JOB SUMMARY & RESPONSIBILITIES

Members of the Prime Services Clearing Risk team assess, monitor and manage the market risk of multi-product, multi-asset portfolios in the listed markets on both an intraday and overnight risk basis. Our client base includes the largest Market-Maker, Broker-Dealer and Proprietary Trading firms, alongside institutional Fund Managers, Hedge Funds, and CTAs. 

We are staffed globally with offices in New York, Chicago, London, Hong Kong and Bengaluru. The team partners with multiple divisions under the Prime Services umbrella including Sales, Client Service, Credit, Compliance, Legal, Operations and Technology to deliver a best-in-class risk management platform that enables the business to compete and thrive in a sustainable way. The interaction with numerous departments, clients and the diverse projects that ensue allow for a challenging, multi-dimensional and rewarding work environment.

Currently we are seeking an Associate level candidate to join the Clearing Risk team in the New York office. A successful candidate would be expected to:

  • Perform risk analysis and deep dives into global multi-asset portfolios to assess market and liquidity risks
  • Master risk-based margin methodologies and process
  • Master the intraday risk management platform and process
  • Work with key stakeholders to enhance existing risk management platforms and margin offering
  • Validate and support daily risk management reports and margin calls
  • Engage in innovative research tasks for the team and senior management
  • Explain margin methodologies and the risk management process on sales calls with prospective and existing clients
  • Engage with Exchanges & CCPs and advocate for improvements to margin methodologies and product design
  • Work closely and effectively with Technology, Strats, Operations, Credit and Sales teams on implementation and deployment of enhancements to margin methodology, process and policy
  • Supervise desk analysts and associates and help with training and knowledge transfer

Required Skills and Qualifications

  • Strong communicator with an ability to develop relationships with clients and across the firm
  • Strong quantitative and analytical skills. A degree in a quantitative discipline is preferred
  • Listed derivatives knowledge required. Experience with options strongly preferred. Previous trading or risk management experience at a Market-Maker/Proprietary trading firm a plus.
  • Knowledge of CCPs and their margin methodologies.
  • Demonstrated interest and knowledge of markets and ability to assess impact of macro trends and market events on client portfolios.
  • Strong writing, presentation and communication skills.
  • Ability to handle multiple projects and deliverables concurrently.
  • Functional knowledge of at least one programming language and SQL is beneficial.

Salary Range
The expected base salary for this New York, NY, United States-based position is $150000-$225000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.

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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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