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Operational Risk Jobs in New Jersey (NOW HIRING)

Bank of America

Risk Process Analyst

Newark, NJ

$65K - $87K/yr

Builds knowledge of EIT methodologies, operational risk management practices, and banking processes through training, coaching, and hands-on experience Desired Skills: * Attention to Detail

Bank of America

Risk Process Analyst

Jersey City, NJ

$65K - $87K/yr

Builds knowledge of EIT methodologies, operational risk management practices, and banking processes through training, coaching, and hands-on experience Desired Skills: * Attention to Detail

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Operational Risk information

See New Jersey salary details

$39.6K

$87.1K

$157.4K

How much do operational risk jobs pay per year?

As of Sep 2, 2026, the average yearly pay for operational risk in New Jersey is $87,147.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,500.00 and $106,100.00 per year, depending on experience, location, and employer.

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.

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 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 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 operational risk management a good career?

Operational risk management is a valuable career path in finance and banking, focusing on identifying and mitigating risks related to daily business operations. It requires strong analytical skills, knowledge of risk frameworks, and often certifications like FRM or ORM. The role offers opportunities for advancement and stability in regulated industries.

What are the most commonly searched types of Operational Risk jobs in New Jersey?

The most popular types of Operational Risk jobs in New Jersey are:

What are popular job titles related to Operational Risk jobs in New Jersey?

For Operational Risk jobs in New Jersey, the most frequently searched job titles are:

What job categories do people searching Operational Risk jobs in New Jersey look for?

The top searched job categories for Operational Risk jobs in New Jersey are:

What cities in New Jersey are hiring for Operational Risk jobs?

Cities in New Jersey with the most Operational Risk job openings:

Operational Risk jobs near you
Infographic showing various Operational Risk job openings in New Jersey as of August 2026, with employment types broken down into 84% Full Time, 14% Part Time, and 2% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $87,147 per year, or $41.9 per hour.

Senior Technology Risk Analyst - Iselin, NJ (Hybrid)

Provident Bank

Iselin, NJ • On-site

$70K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 11 days ago

Job description

POSITION OVERVIEW:
The Senior Technology Risk Analyst reports to the Operational Risk Manager and supports enforcement of safe digital and technology practices for the Bank. Key responsibilities include IT, cyber, and data risk assessment, policy development, monitoring, reporting, and leading training and awareness initiatives.
With direction from the Operational Risk Manager, the Technology Risk Analyst operates with autonomy and fosters strong connections with risk and compliance teams, digital and technology teams, as well as other cybersecurity and business groups. This collaboration facilitates information exchange and helps in identifying, assessing, and deploying suitable solutions to achieve both cybersecurity and technology risk management goals.
KEY RESPONSIBILITIES:
  • Conduct regulatory IT compliance and risk assessments to identify and address technology, data, compliance, and cybersecurity risks arising from both internal bank operations and third-party engagements. In tandem with these efforts, establish and sustain robust key risk indicators, monitoring mechanisms, assurance procedures, reporting frameworks, and additional controls, implementing select measures within the first line of defense and reinforcing them through targeted training and awareness initiatives.
  • Deliver complex information and metrics clearly and confidently across verbal, written, and visual formats, adapting communication for varied audiences, including senior leadership and potentially the Board of Directors.
  • Support and advise on the Bank's technology products and services, focusing on new product risk management and coordinating closely with 2nd and 3rd line functions.
  • Coordinate with internal and external stakeholders, such as IT, legal, compliance, audit, and business units, on information security and privacy matters and assist with audits and exam preparation and execution.
  • Collaborate with the first line to assess and address privacy and cybersecurity risk and compliance concerns involving the Bank's technology and digital operations, including third-party involvement. This entails analyzing and applying applicable laws, regulations, policies, and guidance to create or improve processes and programs, as well as to detect any deficiencies.

MINIMUM QUALIFICATIONS:
  • Bachelor's Degree preferred or equivalent education and related training
  • Minimum of 5 years of experience with responsibilities in privacy, digital banking, compliance, risk management, and/or audit.
  • Knowledge of privacy and cybersecurity compliance laws, rules, regulations, and risks such as GLBA, PCI-DSS, etc.
  • Knowledge of information security and privacy frameworks, standards, and best practices, such as NIST, ISO, COBIT, GDPR, CCPA, etc.
  • Demonstrated knowledge in area of focus
  • Experience with conducting legal or regulatory research
  • Experience drafting policies, procedures, job aids
  • Experience providing risk management guidance
  • Experience with interacting with audit, external accountant, and regulators
  • Advanced analytical skills
  • Ability to be a self-starter, flexible, and adaptive
  • Strong interpersonal skills with the ability to work collaboratively and with people at all levels for the Bank. Possess a strong competence to remain objective while providing healthy, constructive, and productive challenge, be highly supportive of alternative viewpoints, remain strategic while defining risk management expectations, and demonstrate the ability to build consensus through influence, steadfastness, and partnership.
  • Strong communication and presentation capabilities at the executive/board level

WORKING CONDITIONS:
Work is performed in a normal office environment. Noise levels are usually moderate. This position may involve travel to customers and property locations.
  • Prolonged sitting
  • Lifting from 5 to 10 lbs. (printer paper, storage boxes)
  • Occasional bending or overhead lifting (storing files or boxes)
  • The hazards are mainly those present in a normal office setting

This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.
Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.
We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.
PAY DETAILS:
$70,000 - $100,000 annually
Please note, the base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, education, geographic location, internal equity, and other applicable business and organizational needs.
This role is incentive eligible based upon company, business, and/or individual goal achievement and performance.
Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank's Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan. In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance. Company sponsored Tuition Disbursement and Loan Repayment programs are also available. Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.
About Provident Bank
For more than 180 years, Provident Bank has served individuals, families, and businesses in our local communities with personal and business banking services.
Volunteering is a Way of Life
Our brand promise - "Commitment you can count on" - supports the investments we make in the community and donations made by our employees. It's a promise also reflected in the volunteerism of our employees, who lend time and talent and countless hours to assist hundreds of organizations and thousands of people and animals each year.
Why do we love it?
  1. We get to volunteer in areas that are meaningful to the bank and impactful in the community.
  2. Through generous contributions, we have raised over $912,000 in 2022. No item or donation is too small; we find a home for it all.

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