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Operational Risk Consultant Jobs (NOW HIRING)

What's required * 15+ years of professional experience in risk management, auditing, or consulting ... PRMIA Operational Risk Manager Certificate, FRM, CRISC, CISA, and/or CIA certifications. * Ability ...

Operational Risk Manager

New York, NY · On-site

$200K - $250K/yr

What's required * 15+ years of professional experience in risk management, auditing, or consulting ... PRMIA Operational Risk Manager Certificate, FRM, CRISC, CISA, and/or CIA certifications. * Ability ...

... consultative support on strategic and ad hoc initiatives aligned to enterprise goals. Use your ... Certification in operational risk management, such as CRM or CORM, is desirable * Experience in ...

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Operational Risk Consultant information

What does an Operational Risk Consultant do?

An Operational Risk Consultant is responsible for identifying, assessing, and mitigating risks that could impact an organization’s day-to-day operations. They analyze business processes, develop risk management strategies, and help implement controls to prevent loss or disruption. Their role often includes advising management on risk policies, ensuring regulatory compliance, and preparing reports on risk exposure. By proactively managing risks, they help organizations operate efficiently and avoid costly incidents.

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.
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Infographic showing various Operational Risk Consultant job openings in the United States as of June 2026, with employment types broken down into 62% Full Time, 29% Part Time, and 9% Contract. Highlights an 88% Physical, 3% Hybrid, and 9% Remote job distribution.
Senior Risk Consultant

$100K - $140K/yr

Full-time

Posted 24 days ago


AIG rating

8.4

Company rating: 8.4 out of 10

Based on 21 frontline employees who took The Breakroom Quiz

100th of 262 rated insurance


Job description

Who We Are
American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses protect their assets and manage risks.
Get to know the business
General Insurance is a leading provider of insurance products and services for commercial insurance customers. It includes one of the world's most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.
Risk Consulting at AIG
AIG Risk Consulting helps AIG's Underwriting teams identify, understand, and mitigate risk to the portfolio and to individual accounts. Our people provide in-depth research and analysis of the issues our insureds face and provide guidance for our Underwriting teams so they can better shape insurance programs. We develop intelligence on historical loss drivers, and we stay on top of the latest emerging risk issues that could become claims activity. We are reimagining how we help the organization manage risk, transforming our operating model and getting better every day about serving our customers and stakeholders.
In addition to Underwriter support, Risk Consultants work directly with clients to identify and mitigate risks to their business such as worker's compensation, auto or fleet liability, and premises and products liability. When you join AIG's Risk Consulting team, you are joining a team that is pivotal to developing and executing on AIG's strategy to be the leading insurance company, standing by our insureds for the next hundred years.
About the role
The Casualty Risk Consulting team of AIG has an opportunity for a Senior Casualty Risk Consultant in our Philadelphia, PA or New York, NY office.
  • This loss control position will work closely with AIG Underwriters to evaluate the operations, controls, and safety culture of various accounts with worker's compensation, commercial auto liability, and general liability exposures and provide detailed written reports to help underwriting make informed decisions regarding risk transfer.

  • The position also calls for the ability to work directly with insureds on worker safety programs, premises exposures, and product liability. This includes conducting casualty loss prevention surveys remotely and on-site at industrial and commercial facilities, including:
    • Identify operational hazards and assess the adequacy of the controls
    • Analyze of downstream risks of products to users/customers
    • Identify and assess off-site exposures for various assets within a portfolio
    • Identify exposures/risk within supply chain
    • Conduct plan reviews
    • Evaluate claims data and work with our analytics team to develop insights and potential action plans
    • Document survey results and provide opinion of risk/recommendations to both underwriting and clients
    • Provide documentation for underwriting files meeting state regulatory and AIG auditing guidelines
  • While the position's focus is support for AIG's Primary Casualty lines (WC/AL/GL), there will also be opportunities to partner with Underwriting and Risk Consulting personnel in Environmental, Excess Casualty, and other lines of business.
  • Travel: up to 25%

What we're looking for:
  • Minimum of a Bachelor's degree
  • Minimum of five (5) years of experience in at least one of the following areas: insurance loss control; manufacturing or energy industry; or environmental, health & safety (EHS) management.
  • Strong verbal, written and analytic skills.
  • Highly motivated and work well independently. The individual must be able to make decisions with and without established guidelines and to provide technical support to underwriters and clients.
  • Must be able to manage outside contractors/vendors, which AIG uses to conduct some of the on-site and/or specialized worker safety loss control and regulatory tasks.
  • Must be a team-player able to work with individuals across AIG on diverse projects.
  • Ability to complete assignments on-time.
  • Excellent interpersonal and communications skills.
  • Computer skills with knowledge in Microsoft Office products including Word, Excel, PowerPoint, Teams and Outlook.
  • Ability to prepare and make presentations to internal and external clients both in-person or on camera with web-based applications.
  • Familiarity with state insurance regulatory requirements and/or the state and federal litigation system.

For positions based in New York Citythe base salary range is $100,000-$140,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. Your actual compensation will be dependent on your skills, experience, and qualifications. If your compensation expectations are above the posted range, we still encourage you to apply-your unique background matters to us. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview.
#LI-RG1
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
Enjoy benefits that take care of what matters
At AIG, our people are our greatest asset. We know how important it is to protect and invest in what's most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security-as well as your professional development-to bring peace of mind to you and your family.
Reimagining insurance to make a bigger difference to the world
American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world's most far-reaching property casualty networks. It is an exciting time to join us - across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.
Welcome to a culture of inclusion
We're committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG's greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.
AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.
Functional Area:
UW - Underwriting
AIG PC Global Services, Inc.

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About AIG

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American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

Industry

Insurance services

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Year founded

1919