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Operational Risk Consultant Jobs in California (NOW HIRING)

Marsh McLennan Agency

Risk Consultant

Los Angeles, CA · On-site

... Risk Consultant will provide a wide range of services for clients to include developing and ... risk, claims history and operational needs. * Train client staff on a myriad of safety topics ...

AmTrust Financial Services, Inc.

$500K/yr

Overview The Strategic Risk Consultant (SRT) serves as a trusted advisor to large workers ... evaluating operations, identifying exposures, and delivering actionable loss prevention ...

AmTrust Financial Services, Inc.

$500K/yr

The Strategic Risk Consultant (SRT) serves as a trusted advisor to large workers' compensation ... evaluating operations, identifying exposures, and delivering actionable loss prevention ...

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Operational Risk Consultant information

What are the 4 operational risks?

Operational risk for an Operational Risk Consultant refers to the potential for loss resulting from inadequate or failed internal processes, people, systems, or external events. The four main types are process risk, people risk, systems risk, and external event risk. Managing these risks involves assessing controls, implementing policies, and using tools like risk dashboards and incident reporting systems.

What does an operational risk consultant do?

An operational risk consultant assesses and manages risks related to a company's internal processes, systems, and controls to prevent losses and ensure compliance. They analyze data, develop risk mitigation strategies, and often use tools like risk management frameworks and software to identify vulnerabilities and improve operational resilience.

Does risk consulting pay well?

Operational Risk Consultants typically earn competitive salaries that vary based on experience, location, and industry. Entry-level positions may start around $60,000 annually, while experienced professionals can earn over $120,000, especially with certifications like FRM or ORM. The role often involves analytical skills, risk assessment tools, and regulatory knowledge, which can influence compensation levels.

What jobs can I get with frm?

With an FRM (Financial Risk Manager) certification, you can pursue roles such as risk analyst, risk manager, credit risk analyst, market risk analyst, or operational risk analyst. These positions typically involve assessing and managing financial risks using quantitative skills and risk management tools, often requiring knowledge of financial regulations and risk modeling software.

How does an Operational Risk Consultant typically collaborate with other departments to identify and mitigate risks?

Operational Risk Consultants work closely with various departments—such as compliance, internal audit, IT, and business units—to identify, assess, and mitigate risks. Collaboration often involves facilitating risk assessments, leading workshops, and providing guidance on best practices for risk controls. Regular meetings and cross-functional projects are common, allowing consultants to gain insights into department-specific processes and emerging risks. This teamwork ensures a holistic approach to managing operational risks across the organization.

What Does an Operational Risk Consultant Do?

As an operational risk consultant, your primary responsibilities are reporting assessments and monitoring the risks of an organization's operations. The types of risk you look for include operational, financial, technological, and compliance related. You work with other departments such as accounting, regulatory affairs, and the internal audit department. You review operating procedures and guidelines, and ensure all actions and services correspond with industry practices/regulations. Your duties include providing an analysis and recommendation of how to adjust forward movement within the company. You also work to anticipate problems before they occur to avoid conflict.

What is the difference between Operational Risk Consultant vs Risk Analyst?

AspectOperational Risk ConsultantRisk Analyst
CertificationsFRM, CRM, or similarFRM, CFA, or similar
Work EnvironmentConsulting firms, financial institutions, corporationsFinancial institutions, investment firms, corporations
Primary FocusIdentifying and managing operational risks, developing risk mitigation strategiesAnalyzing risk data, assessing risk levels, supporting risk management decisions

Operational Risk Consultants focus on identifying, assessing, and mitigating operational risks within organizations, often providing strategic advice. Risk Analysts primarily analyze data to evaluate risk levels and support decision-making. While both roles require similar certifications and work in related environments, their core responsibilities differ: consultants focus on risk management strategies, whereas analysts focus on data analysis and reporting.

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

To thrive as an Operational Risk Consultant, you need a solid background in risk management, analytical skills, and a relevant degree such as finance, business, or a related field. Familiarity with risk assessment frameworks, GRC (Governance, Risk & Compliance) software, and certifications like FRM or CRISC is often required. Strong communication, problem-solving abilities, and attention to detail set outstanding consultants apart. These skills are critical for accurately identifying, assessing, and mitigating risks to protect organizational assets and ensure regulatory compliance.
More about Operational Risk Consultant jobs
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What are popular job titles related to Operational Risk Consultant jobs in CA? For Operational Risk Consultant jobs in CA, the most frequently searched job titles are:
Operational Risk Consultant jobs near you
Infographic showing various Operational Risk Consultant job openings in California as of July 2026, with employment types broken down into 1% Locum Tenens, 85% Full Time, 10% Part Time, and 4% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution.
Risk Consultant

Risk Consultant

Marsh & McLennan Companies, Inc.

Los Angeles, CA • On-site

Full-time

Medical, Retirement

Posted yesterday

Job description

Company:
Description:
Under minimal direction of the Director, Risk & Loss Advisors, and taking into consideration the client's readiness and ability to consider expanded and/or alternate methods of managing their prevention and safety programs, the Risk Consultant will provide a wide range of services for clients to include developing and supporting strategies to enhance the client's risk management, accident prevention and safety programs.
Essential Duties & Responsibilities
  • Participate in occasional client meetings to provide expertise regarding the firm's ability to provide risk and loss services.
    • Attend sales calls at the request of the sales team to demonstrate how the service team can assist prospective clients with accident prevention, regulatory compliance and large exposure minimization.
    • Attend service calls to initiate elements of an established service plan or to help with projects and services in progress.
  • Provide effective loss control and value added services for World Class clients.
    • Design and maintain various safety and health programs including, but not limited to, Injury and Illness Prevention Programs, Ergonomic Programs, Emergency Response Planning, Hazard Communications and Food borne Illness.
    • Develop training curriculum and training materials customized appropriately to the client's industry, pertaining to defined priorities regarding their risk, claims history and operational needs.
    • Train client staff on a myriad of safety topics; presenting to employees in a wide variety of settings to include professional office environments, construction sites, manufacturing, transportation and light industry locations such as warehouses.
    • Collaborating with the client to develop cost containment programs addressing workers' compensation and general liability claims reduction.
    • Provide oversight and guidance to the client through regular site visits to ensure relevant programs are being implemented and providing the outcomes as outlined
    • Create quarterly service plan goals with the producer and client to ensure effective client policy and procedures are monitored and progressing appropriately.
    • Maintain current knowledge level of safety regulations, industry trends, and transpiring safety issues in the safety/risk management industry.
  • Establish file maintenance with documentation of account services within the ABS system, shared drive and other appropriate systems.
    • Maintain computer based calendaring system of events to track client activity and critical dates in order to manage commitments.

  • Prepare reports of activities and job progress to Director, Risk & Loss Advisors on a monthly basis.
  • Develop and maintain positive working relationships with all Associates, vendors, regulatory agencies, and clients.
  • Keep abreast of trends and changing regulations within the industry by attending seminars or classes relevant to the Risk Consultant position.
  • Other Risk Consultant duties as assigned.
Education and/or Experience
Successful candidate will be a service oriented individual with high personal standards and a hands-on work style. This position requires comfort working at a varying pace, managing multiple tasks and deadlines simultaneously, adjusting priorities often, and managing frequent interruptions.
This position interacts with and provides service to a large number of varying industries and exposures and has high levels of contact with external clients. The Risk Consultant must be positive and approachable, and work effectively with diverse personalities. In addition, the following is required:
  • Successful work history to include 3-5 years directly related consulting experience in loss prevention, risk management, progressive safety/health field, and regulatory requirement compliance.
  • Current knowledge and understanding of State and Federal industry standards for employee health and safety requirements within one or more of the firm's practice group industries (i.e., clients within Construction, Healthcare, TechLife, etc.)
  • Bachelor degree required, preferably with a focus in the field of environmental management, risk management, safety management, public health or similar.
  • Obtain and maintain a credential or license related to occupational safety and health or loss control which meets industry standards or other insurance specialty areas.
  • Advanced knowledge, skills and experience in a specialized field, service planning and delivery, risk assessment, risk analysis, solutions management and progress measurement.
  • Fully effective interpersonal, writing and other communication skills required to develop and maintain relationships with customers, peers, and industry contacts.
  • Demonstrated ability to retrieve and enter information using various proprietary software applications and create/modify documents and complex spreadsheets using Microsoft Office suite.
  • Skill in organizing resources and establishing priorities.
  • Demonstrated ability to resolve problems and present results neatly, with clarity and precision in oral and written form.
  • Demonstrated ability to develop, plan, and implement short and long range goals.
  • Maintain a valid Driver's License and have reliable transportation.

Work Environment & Physical Demands
  • 50%-70% travel is required to client locations, including overnight and multiple days away. Travel will require the use of a personal vehicle.
  • Ability to use computer keyboard and sit in a stationary position for extended periods.
  • This is a physically active position requiring the ability to stoop and bend regularly, and walk long distances during workplace and jobsite inspections. This may include walking on uneven surfaces, climbing ladders possibly entering confined spaces while wearing specialized personal protective safety equipment.
  • Ability to stand for long periods at a time (4-8 hours) to conduct client seminars and training.
  • Extended work hours (10-12 hrs/day) required on occasion due to attendance and participation at networking and industry functions that begin well before the workday, and may extend well into the evening.
  • Must be able to wear appropriate safety equipment while conducting onsite safety inspections, and audits

We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. Marsh & McLennan Agency offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, 401K, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: http://marshmma.com/careers.
#LI-DNI
The applicable base salary range for this role is $63,200 to $117,900.
The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.
We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

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