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Operational Risk Jobs in New Jersey (NOW HIRING)

Third-Party& Operational Risk * Design and maturethird-partyrisk segmentation, due diligence, and lifecycle oversight. * Coordinate with InfoSec and Privacy on security and data protection ...

The ideal candidate will primarily focus on risk identification, mitigation and reporting associated with the development and operation of the exchange trading systems, support infrastructure and ...

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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 Jul 3, 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.

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 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:
Prime Brokerage Risk Manager

Prime Brokerage Risk Manager

Fidelity Investments

Jersey City, NJ

$80K - $153K/yr

Full-time

Medical, Retirement, PTO

Posted 28 days ago


Fidelity Investments rating

8.7

Company rating: 8.7 out of 10

Based on 266 frontline employees who took The Breakroom Quiz

16th of 146 rated financial services


Job description

Job Description:Note: Fidelity will not provide immigration sponsorship for this position.The Role

Ready to be at the center of marketmoving decisions helping to protect and support a dynamic Prime Services business?! In this role, you'll own realtime risk insights-stress testing, scenario analysis, and portfolio monitoring-that directly influence margin decisions and client outcomes. You'll partner with senior stakeholders, credit, and technology to shape firmwide risk frameworks and build nextgeneration risk systems! If you thrive on critical thinking, precision, and impact in fastmoving markets, this is your chance to drive change and grow your influence!!

The Expertise and Skills You Bring

The ideal candidate brings a bachelor's degree in Finance or a STEMrelated field and 5+ years of relevant risk management experience, preferably within Prime Brokerage or institutional collateralized lending. You have knowledge of financial markets, investment products, and core brokerage functions-including trading, lending, margin, financing, clearing, custody, and related regulations-paired with a strong understanding of portfolio risk, stress testing, and scenario analysis. You are highly analytical, detailoriented, and technically proficient, with advanced Excel, data querying, and analytical tool expertise; programming skills are a plus. As a selfstarter and collaborative partner, you communicate complex topics clearly, influence decisions, manage multiple initiatives endtoend, and effectively navigate and resolve conflicts.

In this role, you deliver value through sophisticated data analytics across market, liquidity, and operational risks, driving innovation in risk methodologies, controls, and parameters. You engage stakeholders through clear discussions, walkthroughs, and presentations, distilling complex risk issues into concise reports for decisionmakers. By identifying inherent business risks and uncovering opportunities to enhance risk reporting and develop new key risk indicators, you help strengthen the firm's risk posture while enabling smarter, faster decisions across the business.

The Team

The Prime Services Risk team is responsible for risk management of the Fidelity Capital Markets Prime Services business. The team focuses on Collateral, Market and Operational risk associated with the intraday and overnight extension of collateralized credit to clients. The team is involved in determining lending policy and continuous analysis of the risks inherent in each client's portfolio and investment strategy. Portfolios are analyzed and evaluated daily through extensive simulation and stress analysis crafted to estimate market related risks. Additionally, the team is tasked with developing, testing, and validating strong risk models to ensure clients remain well collateralized on an ongoing basis.

Fidelity's Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.

The base salary range for this position is $80,000-$153,000 per year.

Placement in the range will vary based on job responsibilities and scope, geographic location, candidate's relevant experience, and other factors.

Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.

We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.

Please be advised that Fidelity's business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

Certifications:Category:Risk

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