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Operational Risk Associate information

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$10

$23

$48

How much do operational risk associate jobs pay per hour?

As of Aug 10, 2026, the average hourly pay for operational risk associate in Utah is $23.89, according to ZipRecruiter salary data. Most workers in this role earn between $16.20 and $27.60 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 Utah? The most popular types of Operational Risk jobs in Utah are:
What cities in Utah are hiring for Operational Risk Associate jobs? Cities in Utah with the most Operational Risk Associate job openings:
Operational Risk Associate jobs near you
Infographic showing various Operational Risk Associate job openings in Utah as of August 2026, with employment types broken down into 69% Full Time, 19% Part Time, and 12% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $49,696 per year, or $23.9 per hour.

Risk, Credit Risk, Associate, Salt Lake City

Goldman Sachs, Inc.

Salt Lake City, UT • On-site

Full-time

Posted 5 days 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


CRG - Associate
Global Risk
The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
Job Summary & Responsibilities
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
Credit Risk ("CR") is a central part of the Goldman Sachs risk management framework, with primary responsibility for assessing, monitoring and managing credit risk at the Firm. CR is staffed globally with offices including New York, London, Frankfurt, Salt Lake City, Hong Kong, Warsaw and Tokyo. Understanding the credit quality of corporations, financial institutions and governments worldwide is an essential aspect of the firm's ability to be an effective financial intermediary. Credit professionals with expertise in financial, credit and risk analysis work closely with many areas of the firm as well as clients in either an advisory or transactional capacity, offering a unique opportunity to gain a broad perspective on the activities of the Firm.
We partner with other divisions in the firm and externally with clients to support the firm's wide array of banking and trading business. CR professionals are part of the value proposition of the firm, and we balance our key functional responsibility of control with that of being commercial. CR has strong traditions of risk management, client service excellence and career development opportunities for our people.
Below you will find the role and responsibilities of a typical Credit Research Group approver.
Key Responsibilities
  • Approve counterparty research reviews and internal credit ratings analysis conducted by analysts. Analysis is expected to include:
    • Assessment of industry fundamentals, financial strengths, and qualitative factors supporting counterparties' creditworthiness
    • Financial models to assess the counterparties' ability to service its debt through cash flow projections
    • Analysis of performance relative to budget and/or underwriting expectations, as well as adherence to covenants
    • Analyze all credit facilities of the portfolio counterparties and recommend Regulatory Risk Ratings
  • Present findings and recommendations to senior leadership and answer questions relating to analysis performed; escalate issues to CR senior management
  • Lead efforts to produce ongoing surveillance and prepare portfolio observations for senior management
  • Update and maintain existing internal rating methodology
  • Ensure compliance with Credit Risk policy and procedures, and recommend adjustments as needed
  • Provide both industry specific training and review process training to new hires and juniors analysts
  • Opportunity to work on an industry team such as consumer, retail, healthcare, diversified industrials, technology, media, and telecommunications

Other key responsibilities include:
  • Coordinate with global colleagues in GS Risk teams as well as with other divisions, including Investment Banking, Asset Management, Controllers, and Operations
  • Support key Risk governance and approval committees
  • Participate in regulatory examinations

Basic Qualifications
  • Bachelor's Degree (US or foreign equivalent) in Business Administration, Finance, or a related field
  • 3-7 years of experience in the job offered or a related role

Preferred Qualifications
  • Experience in financial models including, but not limited to, future projections, valuation methods (such as DCF, Multiple based approach)
  • Experience in presenting and defending research reports and findings to colleagues, senior management and internal stakeholders
  • Experience in team environment, including experience providing training to junior colleagues and peers
  • Highly motivated with strong academic background
  • Strong analytical and communication skills, both oral and written
  • Team player with an ability to work effectively with colleagues in other regional offices
  • Flexibility, ability to learn quickly
  • Strong organizational skills and the ability to manage multiple assignments concurrently

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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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