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Operational Risk Management Jobs in New York, NY

Eitacies Inc

Risk Manager - RCSA & Controls

Manhattan, NY · On-site

$60 - $70/hr

Required Qualifications * 7+ years of experience in Risk Management, Operational Risk, Controls, or Governance functions. * Strong hands-on experience with RCSA programs and control implementation.

Macquarie Bank Limited

VP, Operational Risk

Manhattan, NY · On-site

$161 - $217/hr

The Risk Management Group's Operational Risk team provides independent oversight of operational risk across Macquarie's Commodities and Global Markets (CGM) business in the Americas, covering a ...

Macquarie Group Limited

VP, Operational Risk

New York, NY · On-site

$161K - $217K/yr

Additional office locations New York Job ID 22296 Date 30-Jul-2026 Permanent - Full time, Mid-level Job category Risk Management Share The Risk Management Group's Operational Risk team provides ...

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All JobsOperational Risk Management JobsOperational Risk Management Jobs in New York, NY

Operational Risk Management information

See New York, NY salary details

$51.7K

$132.8K

$260.8K

How much do operational risk management jobs pay per year?

As of Aug 20, 2026, the average yearly pay for operational risk management in New York, NY is $132,840.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,900.00 and $175,000.00 per year, depending on experience, location, and employer.

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 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 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.

Is operational risk management a good career?

Operational risk management is a valuable career that involves identifying and mitigating risks within an organization’s operations. It requires strong analytical skills, knowledge of industry regulations, and often certifications like ORM or FRM. The field offers opportunities for advancement in financial services, manufacturing, and other sectors with a focus on compliance and risk assessment.

What does an operational risk management do?

Operational risk management involves identifying, assessing, and mitigating risks that could disrupt an organization's daily operations. Professionals in this field develop strategies to prevent losses from process failures, fraud, or system outages, often using tools like risk assessments and control frameworks. They ensure compliance with regulations and improve overall operational resilience.

What are the most commonly searched types of Operational Risk Management jobs in New York, NY?

The most popular types of Operational Risk Management jobs in New York, NY are:

What are popular job titles related to Operational Risk Management jobs in New York, NY?

For Operational Risk Management jobs in New York, NY, the most frequently searched job titles are:

What job categories do people searching Operational Risk Management jobs in New York, NY look for?

The top searched job categories for Operational Risk Management jobs in New York, NY are:

Operational Risk Management jobs near you
Infographic showing various Operational Risk Management job openings in New York, NY as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 13% Part Time, and 2% Contract. Highlights an 85% Physical, 3% Hybrid, and 12% Remote job distribution, with an average salary of $132,840 per year, or $63.9 per hour.

Operational Risk Management Department-Third Party Risk Management AVP/Associate

Bank of China Limited, New York Branch

Manhattan, NY • On-site

$42K - $150K/yr

Full-time

Re-posted 23 days ago

Job description

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.


The incumbent is responsible for all aspects of and will provide oversight, guidance and challenge to the Bank’s Third Party Risk Management (TPRM). S/he will establish and enhance the Third Party Risk Framework, draft and maintain TPRM policies and standards, develop and execute TPRM annual work plans, and conduct periodic risk assessments. S/he will also assess, monitor and track TPRM lifecycle activities, ensure documentation completeness, and prepare aggregated TPRM reports on risk data and analysis.


Include but are not limited to


Third Party Risk Management Framework

  • Establish and enhance the Third Party Risk Framework, ensure it consists of appropriate components to effectively manage third party risks
  • Update third party risk management policies and procedures
  • Develop and execute a third party risk annual work plan to review and challenge risk identification, assessment, control evaluation and testing activities
  • Utilize a consistent risk rating methodology for controls that aligns with the Operational Risk Framework
  • Conduct periodic risk assessment of third party risks

Third Party Risk Management Lifecycle & Implementation of TPRM Second Line Review

  • Assess, monitor and track third party risk management lifecycle activities as second line of defense
  • Provide third party risk management guidance to First Line Units (“FLUs”)
  • Ensure the completeness of the central documentations of the bank wide third party population
  • Prepare aggregated third party risk report
  • Keep abreast of current industry tools, trends, and regulatory requirements
  • Work with other SMEs under the third party risk management framework to ensure the third party risk management activities are efficient
  • Ensure third party risk management system is implemented and all updates are installed timely
  • Provide timely training of system upgrades or updates to all system users

Risk Assessment

  • Assist with new product management risk assessment process
  • Assist with RACA quarterly review in the expertise of third party risk management

BSA/AML, Compliance, and Talent Management

  • Complete required BSA/AML, and other compliance trainings as provided
  • Beware of BSA/AML issues, provide risk warnings to First Line Units and internal risk management departments when noticed

#LI-WW1


  • Bachelor’s degree is required, and an advanced degree is preferred
  • Minimum 5 years of work experience in financial service industry is required for AVP level
  • Minimum 5 years of work experience in risk management and minimum 2 years of third party risk management experience are required for AVP level; Minimum 1 year of work experience in third party risk management is required for Associate level 
  • Knowledge of operational risk management and assessment, regulatory and compliance, general IT risk/IT operation as well as business lines and workflow in financial/banking industry is required
  • Certified Third Party Risk Professional or Certified Regulatory Vendor Program Manager is preferred but not required

USD $42,000.00 - USD $150,000.00 /Yr.

Apply