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Operational Risk Management Jobs (NOW HIRING)

Scotiabank

Senior Manager, Operational Risk

Dallas, TX · On-site

Owning and implementing SBUS' operational risk management framework. * Effectively challenging the businesses, and control and support functions, providing senior management with an independent ...

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Operational Risk Management information

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$47K

$120.7K

$237K

How much do operational risk management jobs pay per year?

As of Jun 1, 2026, the average yearly pay for operational risk management in the United States is $120,706.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,500.00 and $159,000.00 per year, depending on experience, location, and employer.

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 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 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 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.

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Operational Risk Management jobs near you

Operational Risk and Control Analyst

Network Temp Inc

New York, NY • On-site

$75K - $110K/yr

Full-time

Posted 11 days ago

Job description

Description:

Your Role Overview:

Risk and Control Analyst is accountable for engaging in the proactive identification, escalation, and timely mitigation of operational risks. Responsible for administering Operational Risk and Control Self-Assessment (RCSA) including Control Testing and Risk Register. Participates in the design, supervision, and implementation of an RCSA program to provide support in identifying, assessing, monitoring, and escalating the risk assessments performed by the First Line of the Bank.

The analyst is given broad exposure to all functions and business lines within the Americas Division and is expected to execute all aspects of the Operational Risk Management Framework through the 2nd line of defense oversight activities.

Your Duties and Responsibilities:

  1. Coordinate and conduct Risk and Control Self-Assessment (“RCSA”).
  2. Coordinate and conduct Vendor Risk Assessment, Model Risk Assessment, and Operational Risk Event (Business Continuity) Assessment.
  3. Conduct analyses of risk data to identify trends and potential areas of concern.
  4. Perform deep dives to assess the design and operational effectiveness of controls surrounding key technology and operations processes, and to identify remediation for gaps to mitigate risks.
  5. Challenge risks within scenario analysis.
  6. Maintain Risk Registers.
  7. Contribute to the New Product Approval process.
  8. Research regulatory changes and/or risk trends applicable to area(s) of coverage.
  9. Assist in various Operational Risk related projects and initiatives.
  10. Proactively contribute to the risk culture and overall awareness of operational risk and contribute to the creation and delivery of operational risk management training and/or workshop sessions.
  11. Prepare operational risk reports, schedule meetings, takes notes, prepare minutes, and maintain files for ORM department.
  12. Provide analysis and coordination for the ORM department.
  13. Provide challenges on key indicators and material operational risks.
  14. Identify emerging operational risks in the context of the regulatory and business operation environment and assure that measures are being taken to mitigate these risks.
  15. Serve as a subject matter expert for operational risk and control assessments, and independently prepare a comprehensive report.
  16. Facilitate accurate and appropriate reporting of operational risks to senior management.
  17. Analyze operational risk data (losses, metrics, or assessment results) to identify areas of excessive risk and to ensure that mitigation efforts are having the desired effect(s).
  18. Perform other duties and responsibilities as assigned by management.

Work schedule: 3 days onsite (Midtown Manhattan), 2 days remote

Requirements:

Your Qualifications:

  1. Bachelor’s degree or equivalent.
  2. A minimum of 4-5 years of prior operational risk management experience with a financial institution, including exposure to technology risk, information/cyber security risk, vendor risk and/or model risk management.
  3. Integrative thinking skills, basic risk management knowledge, good organizational, communication and influencing skills.
  4. Analytical and thorough approach to form defensible conclusions from risk assessments.
  5. Able to present to and respond effectively to internal and external stakeholders.
  6. Team-oriented with strong interpersonal skills, able to calmly manage conflict and pressure in a demanding, high-volume environment.
  7. Able to be flexible and capable of prioritizing based on changing internal or external demands.
  8. Good computer skills in Microsoft Office including Excel, Word, and PowerPoint.