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Operational Risk information

See Iowa salary details

$36.6K

$80.6K

$145.6K

How much do operational risk jobs pay per year?

As of Jul 3, 2026, the average yearly pay for operational risk in Iowa is $80,626.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,500.00 and $98,200.00 per year, depending on experience, location, and employer.

How does an Operational Risk professional typically interact with other departments within an organization?

Operational Risk professionals work closely with a variety of teams, such as compliance, internal audit, IT, and business units, to identify and assess risks that could impact the organization's operations. They often facilitate risk assessments, lead training sessions on risk awareness, and collaborate on developing controls and mitigation strategies. Building strong relationships and communicating effectively across departments is essential, as much of the role involves influencing others and ensuring risk management practices are integrated into daily operations.

What is operational risk?

Operational risk refers to the potential for losses resulting from inadequate or failed internal processes, people, systems, or external events. Unlike credit or market risk, operational risk is related to the day-to-day operations of a business and can include issues such as fraud, system failures, natural disasters, or human error. Managing operational risk is essential for organizations to ensure business continuity, regulatory compliance, and to protect their reputation and assets.

What are the 4 operational risks?

Operational risk in the context of operational risk roles 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 implementing controls, monitoring, and compliance measures to minimize impact.

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.

What is an operational risk job?

An operational risk job involves identifying, assessing, and managing risks arising from internal processes, people, systems, or external events that could disrupt business operations. Professionals in this field analyze data, develop risk mitigation strategies, and often use tools like risk management software to ensure organizational stability and compliance.

What is the difference between Operational Risk vs Credit Analyst?

AspectOperational RiskCredit Analyst
Required CredentialsCertifications like FRM, PRM often preferredCertifications such as CFA, credit-specific courses
Work EnvironmentBanking, financial institutions, risk management departmentsBanking, lending institutions, financial services
Employer & Industry UsageUsed across financial sectors to manage risksUsed in lending to assess creditworthiness
Comparison Search IntentUnderstanding risk management rolesAssessing credit risk and loan eligibility

Operational Risk focuses on identifying and mitigating risks within business operations, including processes, systems, and people. Credit Analysts evaluate the creditworthiness of individuals or companies to determine loan eligibility. While both roles are within the financial industry, Operational Risk professionals concentrate on risk management frameworks, whereas Credit Analysts focus on credit assessment and lending decisions.

Is risk advisory a good career?

Risk advisory is a viable career path within the broader field of operational risk management, focusing on identifying and mitigating organizational risks. It often requires strong analytical skills, knowledge of industry regulations, and certifications such as FRM or CRM. The role offers opportunities for advancement and specialization in areas like compliance, cybersecurity, and financial risk.

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

To thrive as an Operational Risk professional, you need strong analytical skills, risk assessment expertise, and a background in finance, business, or risk management, often supported by relevant certifications such as FRM or ORM. Familiarity with risk management frameworks, data analysis tools, and governance, risk, and compliance (GRC) systems is typically required. Exceptional communication, attention to detail, and problem-solving abilities are crucial soft skills for identifying risks and collaborating across departments. These skills ensure that operational risks are effectively identified, assessed, and mitigated, protecting the organization from potential losses and regulatory issues.
What are the most commonly searched types of Operational Risk jobs in Iowa? The most popular types of Operational Risk jobs in Iowa are:
What are popular job titles related to Operational Risk jobs in Iowa? For Operational Risk jobs in Iowa, the most frequently searched job titles are:
What job categories do people searching Operational Risk jobs in Iowa look for? The top searched job categories for Operational Risk jobs in Iowa are:
Operational Risk jobs near you

Manager, Investment Risk

Fidelity & Guaranty Life Insurance Company

Des Moines, IA • Remote

Full-time

Posted 27 days ago

Job description

Job Summary

The Manager, Investment Risk will manage key aspects of investment risk and credit risk modeling, including oversight and approval of data inputs and assumptions, investment analytics and reporting, establishing investment policy through risk appetite analysis. This role will also be responsible for developing and implementing enhancements to the reporting process, as well as refining methodologies for risk monitoring.

This position reports to the Director, Financial & Investment Risk. This position will work with other members of the Risk team and other functional areas within the Company, including Investments, Finance, Legal, IT, and key members of external asset managers serving the Company.

Duties and Responsibilities

  • Manage expansion, enhancement and ongoing maintenance of asset models focused on credit risk and capital implications, including validation and approval of inputs and assumptions, analysis and reporting of credit risk analytics and results, and driving decision making from the model results
  • Manage, enhance, and validate investments governance and documentation, including investment guidelines, and investment policies and limits, to reflect changing macro variables, changing company structure, reinsurance arrangements, regulatory updates and industry changes/reforms
  • Manage and automate investment monitoring and reporting tools and systems, including investment limits based on liquidity, credit risk, capital at risk, and regulatory compliance reporting
  • Partner with the Investments team to enhance portfolio monitoring and guide strategic decision-making
  • Liaise with external asset managers to provide timely regular updates to reporting and analytics, scenario modeling, and data needs for improved and timely support of credit loss models and compliance reporting
  • Liaise with partners in Finance and Actuarial to support platform modernization projects to best leverage the platforms for investment analytics, monitoring and compliance reporting, to help drive improvements to asset and ALM modeling, and to provide guidance and support for the successful completion of the modernization projects
  • Work collaboratively with other personnel in the Risk department, supporting the expansion of the risk function
  • Support efforts to grow distribution, helping to provide input to risk governance and feedback to the launch of new products and distribution channels.
  • Promote risk informed decision making across the enterprise
  • Support new reinsurance due diligence, establish/negotiate investment guideline, and operationalize process for monitoring
  • Work closely with Investment Portfolio Analytics and external asset managers to report on portfolio metrics, provide analytical insights, and identify emerging risks
  • Evaluate best practice credit risk modeling
  • Assist with any ad-hoc analytical requests

Experience and Education Requirements

  • Bachelor's degree in mathematics, economics, investments or related field.
  • 7 years of investment risk management experience or investment-related experience
  • CFA, ASA, FRM and/or MFE designation preferred
  • Experience with asset modeling, monitoring, and analytics preferred

Knowledge, Skills & Abilities

  • Strong capabilities in MS Excel, familiarity with MS Access & SQL, and demonstrated capability to learn to work with modeling and analytic platforms such as Bloomberg, Aladdin and risk or ALM modeling platforms
  • Effective verbal and written communication skills
  • Superior analytical and problem-solving skills
  • Team player who is comfortable working in a dynamic, entrepreneurial environment
  • Strong capabilities with Bloomberg, Aladdin or similar modeling and investment systems
  • Demonstrated proficiency of Python through work projects
  • Knowledge of cloud technologies such as Snowflake, AWS, Azure and GCP

Other Requirements

  • Perform other functions, duties and projects, as assigned.
  • Regular and punctual attendance.
  • Some travel may be required (less than 10%).

#IND-HP

#LI-MK1

#LI-Remote.

Additional Information

Work Environments

F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you'll work with your leader to decide what works best for your role.

F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for F&G. If reasonable accommodation is needed to participate in the job application or interview process, please contact talentacquisition@fglife.com.

Join our employee-centric hybrid work environment: F&G Careers

About F&G

Since 1959, Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during life's unexpected events.

As a national Top Workplace1, an Iowa Top Workplace2 and a proud equal opportunity employer, F&G team members are empowered, collaborative, dynamic and authentic. We believe that by embracing these values, we will continue to build and strengthen the company while continuing to be a great place to work.

1Top Workplaces USA 2022 – 2023

2Des Moines Register Top Workplaces 2018 – 2022

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