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Operational Risk Management information

See New York salary details

$51.4K

$132.1K

$259.3K

How much do operational risk management jobs pay per year?

As of Jul 14, 2026, the average yearly pay for operational risk management in New York is $132,056.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,400.00 and $174,000.00 per year, depending on experience, location, and employer.

What does an operational risk manager do?

An operational risk manager identifies, assesses, and monitors risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop strategies to mitigate these risks, often using risk management tools and frameworks, and ensure compliance with regulations. Their role involves analyzing data, implementing controls, and working with various departments to minimize operational losses.

What is the highest paying risk management job?

The highest paying risk management roles are often senior positions such as Chief Risk Officer (CRO) or Director of Risk Management, with salaries exceeding $200,000 annually. These roles require extensive experience, advanced certifications like FRM or PRM, and strong leadership skills in overseeing enterprise-wide risk strategies.

Is risk management a good career?

Operational risk management is a valuable career that involves identifying, assessing, and mitigating risks within organizations to ensure stability and compliance. It often requires strong analytical skills, knowledge of industry regulations, and certifications such as FRM or ORM. The field offers opportunities for advancement and is essential across various industries, including finance, healthcare, and manufacturing.

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

AspectOperational Risk ManagementRisk Analyst
CredentialsCertifications like FRM, CRM, or RIMS; relevant degrees in finance, risk management, or businessSimilar certifications; degrees in finance, economics, or related fields
Work EnvironmentCorporate offices, financial institutions, or industries with risk management departmentsFinancial firms, consulting agencies, or corporate risk teams
Employer & Industry UsageUsed across banking, insurance, and large corporations to manage operational risksCommonly employed in finance, insurance, and consulting to analyze risk data

Operational Risk Management focuses on identifying, assessing, and mitigating risks related to daily business operations. Risk Analysts analyze data to evaluate potential risks and support decision-making. While both roles require similar credentials and work environments, Operational Risk Managers oversee comprehensive risk strategies, whereas Risk Analysts focus on data analysis and risk assessment.

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

To thrive as an Operational Risk Manager, you need strong analytical abilities, knowledge of risk assessment frameworks, and typically a degree in finance, business, or a related field. Familiarity with risk management software, regulatory compliance systems, and certifications like FRM or ORM are commonly required. Exceptional communication, problem-solving, and stakeholder management skills help you influence business processes and foster a risk-aware culture. These skills ensure the effective identification, mitigation, and communication of risks, safeguarding organizational assets and compliance.

What is the highest salary for a risk manager?

The highest salary for a risk manager can exceed $150,000 annually, especially for those with extensive experience, advanced certifications like FRM or CFA, and leadership roles in large organizations. Senior risk managers or directors in financial services or multinational corporations often earn the top-tier salaries in this field.

What is operational risk management?

Operational risk management is the process of identifying, assessing, and controlling risks that arise from an organization’s day-to-day operations. These risks can include system failures, human errors, fraud, or external events that could disrupt business processes. Effective operational risk management helps organizations minimize losses and ensure business continuity by implementing controls, monitoring processes, and developing contingency plans. It is an essential component of overall risk management in industries such as finance, healthcare, and manufacturing.

What are common challenges faced by professionals in Operational Risk Management, and how can they be addressed?

Professionals in Operational Risk Management often face challenges such as identifying emerging risks, ensuring regulatory compliance, and fostering a risk-aware culture across departments. These challenges can be addressed by staying updated on industry regulations, implementing robust risk assessment tools, and promoting open communication with business units. Regular training and collaboration with other risk management functions also help in proactively managing potential operational threats and ensuring organizational resilience.
What are the most commonly searched types of Operational Risk Management jobs in New York? The most popular types of Operational Risk Management jobs in New York are:
What are popular job titles related to Operational Risk Management jobs in New York? For Operational Risk Management jobs in New York, the most frequently searched job titles are:
What job categories do people searching Operational Risk Management jobs in New York look for? The top searched job categories for Operational Risk Management jobs in New York are:
What cities in New York are hiring for Operational Risk Management jobs? Cities in New York with the most Operational Risk Management job openings:
Operational Risk Management jobs near you
Infographic showing various Operational Risk Management job openings in New York as of July 2026, with employment types broken down into 83% Full Time, and 17% Part Time. Highlights an 100% In-person job distribution, with an average salary of $132,056 per year, or $63.5 per hour.

Risk Management Consultant

BizTek People, Inc. | APA International Placement Consultants

Manhattan, NY • On-site

Contractor

Medical, Dental, Vision, Retirement

Re-posted 13 days ago

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