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Operational Risk Banking Jobs in New York (NOW HIRING)

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Operational Risk Banking information

See New York salary details

$42.7K

$93.9K

$169.6K

How much do operational risk banking jobs pay per year?

As of Jun 15, 2026, the average yearly pay for operational risk banking in New York is $93,911.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,700.00 and $114,300.00 per year, depending on experience, location, and employer.

How does the Operational Risk role in banking typically collaborate with other departments to manage risk effectively?

Operational Risk professionals in banking work closely with departments such as Compliance, Internal Audit, IT, and Business Units to identify, assess, and mitigate risks. They often facilitate risk assessments, coordinate incident reporting, and help design controls or action plans in partnership with process owners. Regular meetings, cross-functional workshops, and training sessions are common to ensure everyone understands risk protocols and emerging threats. This collaborative approach helps create a strong risk culture and ensures that risk management is integrated throughout the organization.

Is operational risk management a good career?

Operational risk management is a valuable career in banking, focusing on identifying and mitigating risks related to processes, people, and systems. It requires strong analytical skills, knowledge of regulations, and often involves using risk management tools and frameworks. The role offers opportunities for advancement and stability within financial institutions.

What are the key skills and qualifications needed to thrive as an Operational Risk professional in banking, and why are they important?

To thrive in Operational Risk Banking, you need strong analytical skills, a deep understanding of risk management principles, and typically a degree in finance, business, or a related field. Familiarity with risk assessment tools, regulatory frameworks like Basel III, and systems such as GRC (Governance, Risk, and Compliance) platforms is crucial. Attention to detail, problem-solving abilities, and effective communication help professionals identify potential risks and collaborate across departments. These skills are vital to proactively managing operational risks, ensuring regulatory compliance, and safeguarding the bank's reputation and assets.

What is operational risk in banking?

Operational risk in banking refers to the risk of loss resulting from inadequate or failed internal processes, people, systems, or from external events. This includes risks such as fraud, human error, system failures, and natural disasters. Managing operational risk is crucial for banks to ensure stability, meet regulatory requirements, and protect their reputation. Banks use various tools and frameworks to identify, assess, monitor, and mitigate operational risks. Effective operational risk management helps maintain trust with customers and stakeholders.

How much does Goldman Sachs pay risk management?

Risk management professionals at Goldman Sachs typically earn a base salary ranging from $80,000 to over $150,000 annually, depending on experience and seniority. Bonuses and incentives can significantly increase total compensation, especially for those with specialized skills or certifications like FRM or CFA. Compensation varies by location and role complexity within the bank's operational risk teams.

What are operational risks in banking?

Operational risks in banking refer to the potential for loss resulting from inadequate or failed internal processes, people, systems, or external events. For operational risk management roles, understanding risk identification, assessment, and mitigation techniques is essential, often supported by tools like risk frameworks and compliance standards.

How much do operational risk analysts make?

Operational risk analysts typically earn a median salary ranging from $70,000 to $120,000 annually, depending on experience, location, and the size of the financial institution. They often require strong analytical skills and knowledge of risk management tools to perform their duties effectively.

What is the difference between Operational Risk Banking vs Credit Risk Analyst?

AspectOperational Risk BankingCredit Risk Analyst
Primary FocusIdentifying, assessing, and mitigating operational risks within banking processesEvaluating the creditworthiness of borrowers and assessing credit risk
Required CredentialsRisk management certifications, banking experienceFinance or economics degrees, credit analysis certifications
Work EnvironmentBanking institutions, risk management departmentsFinancial institutions, credit departments
Industry UsageCommonly used in banking risk managementCommon in lending and credit departments

Operational Risk Banking and Credit Risk Analyst roles both operate within banking but focus on different risk types. Operational Risk Banking emphasizes managing internal process risks, while Credit Risk Analysts focus on assessing borrower creditworthiness. Both roles require financial knowledge and risk management skills, but their specific responsibilities and certifications differ.

What are popular job titles related to Operational Risk Banking jobs in New York? For Operational Risk Banking jobs in New York, the most frequently searched job titles are:
What job categories do people searching Operational Risk Banking jobs in New York look for? The top searched job categories for Operational Risk Banking jobs in New York are:
Operational Risk Banking jobs near you

Risk Management Consultant

BizTek People, Inc. | APA International Placement Consultants

Manhattan, NY • On-site

Contractor

Medical, Dental, Vision, Retirement

Posted 13 days ago

Job description

Job Description
BizTek People is seeking a highly skilled and strategic Risk Management Consultant for our client in NYC!
Contract: 2 months
Benefits: Health, dental, vision, 401k + direct deposit
Role Summary:
As an Internal Control Testing Consultant, you will support the ICT program by coordinating and executing control testing for high-risk processes, documenting results, and collaborating with business units, Operational Risk Management (ORM), and other functions. You'll also assist in monitoring ongoing conditions from the New Product Approval Process and validating the bank's End User Computing (EUC) inventory.
Responsibilities:
  • Perform risk-based control testing and document results with supporting evidence.
  • Conduct ICT walkthroughs with business units and functions.
  • Partner with stakeholders to remediate control gaps and provide regular status updates.
  • Support ORM with biweekly updates and committee reporting.
  • Validate in-scope EUCs and assist in related monitoring activities.
  • Prepare reports/presentations for Risk Committees (ORM, InfoSec, TRPM, BCP).
  • Track and report risk metrics (KPI/KRI) for business line and enterprise reporting.
  • Coordinate monthly 1LOD Operational Risk reporting and analysis using GRC tools.
  • Support ad-hoc BRC projects and initiatives as needed.

Qualifications:
  • Eligible to work in the U.S.
  • Bachelor's degree required.
  • 2+ years of experience in Operational Risk, BCP, TRPM, or Audit (Bank/Financial Institution preferred).
  • Strong data organization, tracking, and analysis skills.
  • Proficiency in MS Word, Excel, and PowerPoint.
  • Excellent interpersonal and communication skills.

Apply