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Operational Risk Banking Jobs (NOW HIRING)

Nomura International

Operational Risk - VP

Manhattan, NY · On-site

$160K - $185K/yr

Operational Risk Management, Asset Management Corporate Title: Vice President Department: Risk ... Wealth Management, Investment Management, and Wholesale (Global Markets and Investment Banking)

Nomura International

Operational Risk - VP

Manhattan, NY · On-site

$160K - $185K/yr

Operational Risk Management, Asset Management Corporate Title: Vice President Department: Risk ... Wealth Management, Investment Management, and Wholesale (Global Markets and Investment Banking)

Newcastle

Operational Risk Specialist

Cobalt, CT · Hybrid

$99K/yr

Job Posting Title Operational Risk Specialist Salary Band MP3 35,691 - 48,228 About the role As an ... leave + bank holidays * The option to buy and sell up to 5 days' holiday * Hybrid working ...

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Operational Risk Banking information

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$85.8K

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How much do operational risk banking jobs pay per year?

As of Aug 16, 2026, the average yearly pay for operational risk banking in the United States is $85,839.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,500.00 and $104,500.00 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.

More about Operational Risk Banking jobs

What states have the most Operational Risk Banking jobs?

States with the most job openings for Operational Risk Banking jobs include:

What job categories do people searching Operational Risk Banking jobs look for?

The top searched job categories for Operational Risk Banking jobs are:

Operational Risk Banking jobs near you
Infographic showing various Operational Risk Banking job openings in the United States as of August 2026, with employment types broken down into 88% Full Time, 10% Part Time, and 2% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $85,839 per year, or $41.3 per hour.

Compliance & Operational Risk Manager - Global Markets

Bank of America

New York, NY • On-site

Full-time

PTO

Re-posted 2 days ago

Bank Of America rating

8.2

Company rating: 8.2 out of 10

Based on 527 frontline employees who took The Breakroom Quiz

51st of 171 rated banks

Job description

Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
This job is responsible for executing second line of defense compliance and operational risk oversight for a Front Line Unit, Control Function, and/or Third Parties. Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively "the Policies"), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.
Responsibilities:
  • Assesses risks and effectiveness of Front Line Unit (FLU) processes and controls to ensure compliance with applicable laws, rules, and regulations, while responding to regulatory inquiries, other audits, and examinations
  • Engages in activities to provide independent compliance and operational risk oversight of FLU or Control Function (CF) performance and any related third party/vendor relationships in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy (collectively the Policies) and the Compliance and Operational Risk Management Program and Standard Operating Procedures
  • Identifies and escalates problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses
  • Manages inventory of processes, risks, controls, and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities
  • Assists in the development of independent risk management reporting for respective area(s) of coverage as input into country/regional governance and management routines
  • Analyzes and interprets applicable laws, rules, and regulations to provide clear and practical advice to stakeholders, and identify and manage risks
  • Reviews and challenges FLU/CF process, risk, Single Process Inventory, and FLU/CF Risk and Control Self-Assessment related to themes or trends, while monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverage
  • Provide real-time support to the Global Credit Front-Line Unit ("FLU") with regards to the rules of the relevant products, markets and venues, and other relevant laws, rules and regulations, including internal policies, as applicable to the Global Markets Business.
  • Develop an effective working relationship with Front Line Unit personnel and other internal departments, such as Legal, Operations, Financial Crimes Compliance, and Regulatory Reporting.
  • Assist with responding to and coordinating regulatory inquiries.
  • Participate in the review and challenge of business activities in line with BofA Global Compliance and Operational Risk Program.
  • Participate, as required, in internal investigations into potential breaches of regulatory/venue requirements or Firm policy.
  • Participate, as required, in department initiatives in respect of regulatory/market developments and impact analysis on the firm's business and support groups.
  • Assist with the review of new business initiatives, including non-standard transactions.
  • Review and assess activity which is escalated by Enterprise Independent Testing through surveillance activity undertaken and/or escalated directly by the FLU for potential market misconduct.
  • Work closely with other regional Compliance and Operational Risk teams to ensure consistency in approach and best practices.
  • Review/update Compliance and Operational Risk Policies and ensure they are consistent with global and local regulatory practices.
  • Assist with the development of new and/or update existing Monitoring and Testing items for the Compliance and Operational Risk Program from a local and global perspective.
  • Assist with the development and delivery of Compliance and Operational Risk training, both face-to-face and on-line.
  • Keep abreast of regulatory change/developments

Required Qualifications:
  • Minimum of seven years of relevant experience
  • May require regulatory examination/registration or certification, depending on jurisdiction and role
  • Strong knowledge of fixed income markets, including swaps/derivatives products and services
  • Excellent inter-personal and communication skills, including strong verbal and written communications, and be a strong and confident presenter
  • High attention to detail, diligence and conscientiousness
  • Ability to work in a dynamic and fast-paced trading floor environment

Desired Qualifications:
  • Bachelor's Degree in a related field
  • Experience in financial services and/or a similarly regulated sector
  • Strong experience in dealing with regulator and exchange inquiries and exams
  • Strong understanding of market misconduct laws, rules and regulations, as well as applicable surveillance controls
  • Strong understanding of SEC, FINRA and CFTC rules and regulations
  • Operational Risk Management preferably with fixed income product knowledge experience is advantageous

Skills:
  • Advisory
  • Monitoring, Surveillance, and Testing
  • Regulatory Compliance
  • Reporting
  • Risk Management
  • Critical Thinking
  • Influence
  • Interpret Relevant Laws, Rules, and Regulations
  • Issue Management
  • Policies, Procedures, and Guidelines Management
  • Credible Challenge
  • Decision Making
  • Negotiation
  • Process Management
  • Written Communications

Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
$97,200.00 - $195,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

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About Bank Of America

Sourced by ZipRecruiter

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Charlotte, NC, US

Year founded

1998

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