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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 Aug 16, 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.

What are the key skills and qualifications needed to thrive as an operational risk professional in banking?

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.

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
Infographic showing various Operational Risk Banking job openings in New York as of August 2026, with employment types broken down into 84% Full Time, 13% Part Time, 1% Temporary, and 2% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $93,911 per year, or $45.1 per hour.

Operational Risk Advisor (Hybrid - See Job Description for Listed Locations)

M&T Bank

New York, NY • On-site

Full-time

Re-posted 8 days ago

M&T Bank rating

7.9

Company rating: 7.9 out of 10

Based on 186 frontline employees who took The Breakroom Quiz

79th of 171 rated banks

Job description

*** Work Arrangement/Location: This is a hybrid position requiring in-office work four days a week and will be based in Buffalo, NY, NYC, Wilmington, DE, Bridgeport, CT or Boston, MA.
Overview:
This role is responsible for delivery of independent, risk-based challenge and second-line risk management support, in alignment with the Operational Risk Management Framework, applicable policies, regulatory expectations, and industry standards.
The role reports to an Operational Risk Senior Manager and supports providing independent and objective insights to guide and influence business risk management in the enhancement and implementation of their risk management practices.
The role is responsible for assessing risks, threats, and opportunities, including those arising from evolving technologies, customer-facing digital channels, data-driven decisioning, and emerging business models. The individual is expected to demonstrate strong knowledge of operational risk management principles, industry best practices, and the supported business areas, inclusive experience with technology-enabled process risk, third-party dependencies, data and model risk intersections, resilience and change management risk.
This role requires effective collaboration across risk partners, constructive engagement with key stakeholders, effective interaction with Technology and Product Owners, and meets the expectations of senior management, risk governance, and audit and regulators.
The position demands sound independent judgment, the ability to operate with a high degree of autonomy in the oversight and/or execution of their role, as well as working effectively within the department, and effective integration within the broader risk organization. Given the dynamic and evolving nature of the risk landscape, flexibility is required to leverage risk concepts and tools into areas where risk management processes may be immature or not fully documented.
Primary Responsibilities:
  • Develop and deliver complex, ad hoc operational risk analysis and analytical reports.
  • Prepare, review, and present clear, well-supported risk opinions and materials for senior management and risk governance forums.
  • Perform independent oversight and critical review and challenge of risk identification, assessment, monitoring, mitigation, and reporting across assigned business areas.
  • Perform gap, control, and root cause assessments and evaluate the adequacy, effectiveness, timeliness, and sustainability of risk remediation plans. Escalate identified gaps appropriately.
  • Guide and support first line implementation of the Operational Risk Management (ORM) Framework. Monitor execution for alignment with ORM policies and guidance, as well as supervisory expectations.
  • Assess issues, control failures, or policy breaches to determine whether root cause has been adequately identified by first line and remediation plans are effective and sustainable. Escalate unmitigated risks, emerging issues, and remediation concerns through appropriate governance channels.
  • Deliver objective insights to inform and influence business risk management and the ongoing enhancement of control practices.
  • Collaborate with first- and second-line partners, including technology risk, compliance, model risk, and other risk functions, to enhance risk processes, drive consistency, improve transparency, and deliver value-added risk management outcomes.
  • Stay current on emerging risks, industry trends, and regulatory developments; engage with external peers and professional organizations to proactively inform ongoing risk oversight and monitoring activities.
  • Support change initiatives, promote adherence to internal control standards, and support audit and regulatory remediation efforts.

Supervisory/Managerial Responsibilities
No direct management but may provide guidance to others.
Education and Experience Required:
Bachelor's degree and six years' experience in risk, compliance, legal, audit, or other relevant function,
OR in lieu of degree,
A combined minimum of ten years' higher education and/or work experience including six years' experience in risk, compliance, legal, audit, or other relevant function.
Proficient computer skills (including Excel, PowerPoint, and Power BI).
Analytical skills with strong written and verbal communications with all levels of management.
Working knowledge of relevant regulations and industry standards for Operational Risk Management.
Preferred skills & experience:
Working knowledge of enterprise governance, risk, and compliance platforms e.g. Archer, FusionRM etc.
  • Expertise in operational risk and control self-assessment, control testing, issue management, and risk event reporting.
  • Six years of progressive-growth experience within Operational Risk Management, Technology Risk Management, and/or Enterprise Risk Management.
  • Hands-on experience in Operational Risk Tools, Metrics, and Monitoring Reports development and /or enhancement projects.
  • Second line Operational Risk experience with a Category 3 or larger financial institution.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $125,600.00 - $209,400.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.
Location
New York, New York, United States of America

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