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Operational Risk Jobs in Pennsylvania (NOW HIRING)

This position works closely with multiple business areas to evaluate operational risk, strengthen control practices, and deliver clear reporting for leadership review. The role is well suited for ...

Analyzes the credit risk trends within the various Bank portfolios and regions to identify potential regulatory, policy, or operational risk issues. Prepares written analysis to report to management.

Wealth ERM Risk Analyst

Philadelphia, PA · On-site

$77K - $127K/yr

Collaborate with Operational Risk Management and ERM Associates, as needed, to share Wealth knowledge and insight. Minimum Qualifications : * Must have a Bachelor's degree in Business Administration ...

Wealth ERM Risk Analyst

Philadelphia, PA · On-site

$77K - $127K/yr

Collaborate with Operational Risk Management and ERM Associates, as needed, to share Wealth knowledge and insight. Minimum Qualifications : * Must have a Bachelor's degree in Business Administration ...

Partner with SMEs and cross-functional teams to strengthen compliance and governance, contribute to Credit Risk initiatives and enterprise projects, and reduce operational risk through improved ...

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Operational Risk information

See Pennsylvania salary details

$39.1K

$86K

$155.4K

How much do operational risk jobs pay per year?

As of Jun 13, 2026, the average yearly pay for operational risk in Pennsylvania is $86,046.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,700.00 and $104,800.00 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 a job context 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 often involves implementing controls, training, and monitoring to ensure smooth operations.

How much do risk analysts get paid?

Risk analysts typically earn a median annual salary of around $70,000 to $90,000, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn over $100,000 annually.

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 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, which can offer 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 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.

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 Pennsylvania? The most popular types of Operational Risk jobs in Pennsylvania are:
What are popular job titles related to Operational Risk jobs in Pennsylvania? For Operational Risk jobs in Pennsylvania, the most frequently searched job titles are:
What job categories do people searching Operational Risk jobs in Pennsylvania look for? The top searched job categories for Operational Risk jobs in Pennsylvania are:

Senior Vice President, Operational Risk Coverage

BNY

Pittsburgh, PA • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 19 days ago


Job description

Senior Vice President, Operational Risk Coverage 

At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.

We're seeking a future team member for the role of Senior Vice President, Operational Risk Coverage to join our Risk & Compliance team. This role is located in Pittsburgh, PA. 

In this role, you'll make an impact in the following ways: 

  • Responsible for the second line of defense on-going independent oversight, challenge and advice on day-to-day operational risk management for Corporate Functions, with special focus on the Officer of the CFO Function including Finance and Corporate Treasury.
  • Oversee and support execution of the Operational Risk Management Framework by the Function to facilitate the identification, assessment and mitigation of risk arising from people, process, systems and external events.
  • Provide ongoing coaching and advice to the Function on current and emerging risk related matters.
  • In conjunction with other risk stripes, review, advise on and provide 2LOD approval recommendation for Risk Appetite Limits.
  • Independently oversee and monitor the Function Risk and Control Self-Assessment including review, guidance, challenge and approval for risk acceptance, action closure, manual processes and concurring to the RCSA accuracy annually, ensuring that it continuously reflects the Function's operational risks and control environment. 
  • Partner with the Function to identify significant emerging and potential risk and control weaknesses, including process review, control testing review and other risk deep dives. 
  • Provide input, oversight and challenge to the Scenario Analysis Process. 
  • Support the quarterly Risk ID and High-Level Assessment (HLA) process by participating in pre-HLA meetings, reviewing and challenging HLAs. 
  • Review, challenge and approve new and change related client, jurisdiction, product and processes such as New / Modified Products and Business Process Change.
  • Oversee, challenge and monitor Operational Risk Events (OREs) to identify root causes, ensure appropriate remediation actions to address control gaps and proactively identify themes/trends that require discussion.
  • Escalate identified Issues; oversee, challenge and monitor Issues to ensure that they have a proper description, materiality rating and remediation action plans, as well as to monitor the completion of their action plans and to identify trends and themes that require discussion. 
  • Provide input and challenge on reporting for Risk, Control and Legal Entity.
  • Leverage Operational Risk reporting and data analytics to proactively identify and address risk concentration and control weaknesses. 
  • Contribute to the achievement of the Function's strategy, Objectives and Key Results (OKRs), and regulatory deliverables.


To be successful in this role, we're seeking the following:

  • Bachelor's degree or equivalent education required. 
  • Experience in Operational Risk Management or a similar oversight role required.
  • 10-15 years of total work experience preferred.
  • Experience covering Finance or Payroll is a plus.
  • Finance/Accountancy background preferred.
  • Solid analytical and problem-solving skills.
  • Solid interpersonal and teamwork skills.
  • Data analytics skills/experience preferred.


At BNY, our culture speaks for itself, check out the latest BNY news at:

BNY Newsroom

BNY LinkedIn 

 Here's a few of our recent awards: 

  • America's Most Innovative Companies, Fortune, 2025
  • World's Most Admired Companies, Fortune 2025
  • "Most Just Companies", Just Capital and CNBC, 2025


Our Benefits and Rewards: 

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter. 

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

At BNY, our culture speaks for itself, check out the latest BNY news at BNY Newsroom & BNY LinkedIn

 Here's a few of our recent awards:

  • America's Most Innovative Companies, Fortune, 2025
  • World's Most Admired Companies, Fortune 2025
  • "Most Just Companies", Just Capital and CNBC, 2025

    Our Benefits and Rewards:

    BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

    BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

    BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting. 

    Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

    If hired, the employee will be in an "at will" position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.