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Operational Risk Jobs in Baltimore, MD (NOW HIRING)

This role ensures program leadership has a clear understanding of technical, cost, schedule, operational, and compliance risks while maintaining the integrity of risk management systems and data. The ...

Learn how to identify, evaluate, and prioritize business, operational, regulatory, and technology risks as well as risk mitigation strategies for our clients * Understand the impact of key technology ...

Fraud Risk Manager

Silver Spring, MD · Hybrid

$104K - $173K/yr

Responsibilities The Fraud Risk Manager manages the operations of the fraud investigations department and the supervision of its staff. They develop policies and procedures to prevent fraud ...

Fraud Risk Manager

Silver Spring, MD · On-site

$104K - $173K/yr

Responsibilities The Fraud Risk Manager manages the operations of the fraud investigations department and the supervision of its staff. They develop policies and procedures to prevent fraud ...

This role ensures program leadership has a clear understanding of technical, cost, schedule, operational, and compliance risks while maintaining the integrity of risk management systems and data. The ...

... operational risk management - Building relationships through active listening and communication skills Travel Requirements Up to 20% Job Posting End Date The salary range for this position is: $91 ...

Assess corporate risk across geopolitical, economic, financial, operational, regulatory ... reputational, and security dimensions, identifying exposure and forecasting emerging threats and ...

Director of Facilities Operations

MD · On-site

$120K - $150K/yr

Manage vendor, subcontractor, and operational risk performance to ensure compliance, service quality, workforce readiness, and contract success. * Lead workforce planning, hiring, onboarding ...

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Operational Risk information

See Baltimore, MD salary details

$38.8K

$85.3K

$154K

How much do operational risk jobs pay per year?

As of Jun 30, 2026, the average yearly pay for operational risk in Baltimore, MD is $85,293.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,100.00 and $103,800.00 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 popular job titles related to Operational Risk jobs in Baltimore, MD? For Operational Risk jobs in Baltimore, MD, the most frequently searched job titles are:
What job categories do people searching Operational Risk jobs in Baltimore, MD look for? The top searched job categories for Operational Risk jobs in Baltimore, MD are:
Risk Manager

Risk Manager

CGI Inc.

Aberdeen, MD • On-site

Full-time

Retirement, PTO

Posted 15 days ago


Key responsibilities

  • Lead the identification, assessment, modeling, and mitigation of risks impacting the Next Generation Command and Control (NGC2) program for the US Army.

  • Conduct complex quantitative analyses, evaluate risk exposure, and support contingency planning for the program.

  • Produce clear reports, dashboards, and presentations that summarize risk positions and proposed mitigations for program leadership and stakeholders.


CGI rating

7.1

Company rating: 7.1 out of 10

Based on 19 frontline employees who took The Breakroom Quiz

126th of 207 rated it services


Job description

Risk Manager
Category: Business Analysis (functional and technical)
Main location: United States, Maryland, Aberdeen
Position ID:J0626-1280
Employment Type: Full Time
Position Description:
CGI Federal is seeking a Risk Manager to lead the identification, assessment, modeling, and mitigation of risks impacting a Next Generation Command and Control (NGC2) program for the US Army. This role ensures program leadership has a clear understanding of technical, cost, schedule, operational, and compliance risks while maintaining the integrity of risk management systems and data. The Risk Manager conducts complex quantitative analyses, evaluates risk exposure, supports contingency planning, and advises program teams on risk reduction strategies. This position is ideal for a highly analytical professional who excels at transforming complex data into actionable insights that support strategic decision making in a Defense environment.
This position is located in Aberdeen, MD.
Your future duties and responsibilities:
Risk Modeling & Analytics
. Devise systems and processes to monitor accuracy and validity of risk modeling outputs
. Conduct statistical and econometric analyses to quantify risk and predict potential impacts
. Maintain input quality and data integrity within risk management systems
Risk Assessment & Evaluation
. Evaluate risks and benefits associated with program strategies, technical solutions, or operational decisions
. Analyze potential impacts of new legislation, policies, or regulatory changes on risk exposure
. Identify critical risks and document them clearly for leadership and stakeholders
Risk Mitigation & Strategy Development
. Recommend ways to reduce, control, or mitigate risk across technical and program domains
. Support development of risk mitigation plans, corrective actions, and contingency strategies
. Assist in planning and improvement of risk management tools, processes, and systems
Communication & Reporting
. Ensure consistent communication of key risks to program leadership and stakeholders
. Produce clear reports, dashboards, and presentations that summarize risk positions and proposed mitigations
. Brief government and client personnel across multiple program levels
Cross Functional Collaboration
. Provide statistical or modeling guidance to engineering, logistics, quality, and program management teams
. Liaise with internal departments to ensure risk considerations are integrated into planning
. Participate in IPTs, program reviews, and readiness assessments
Contingency Planning & Emergency Preparedness
. Develop contingency plans for emergency scenarios and high impact risk events
. Support scenario modeling, risk simulations, and what if analyses
. Ensure emergency strategies align with program requirements and DoD standards
Required qualifications to be successful in this role:
Education
. MA/MS/MBA from an accredited college or university in Operations Management, Risk Management, Program Management, Engineering, or related field
. Certified Logistics Professional certification required
. Substitutions allowed:
- Seven additional years of relevant experience may substitute for the degree requirement, OR
- BA/BS plus five additional years of experience
Experience
. 7+ years of experience as a Risk Manager in a DoD environment
. Experience with quantitative risk modeling, statistical analysis, and econometric tools
. Experience developing risk mitigation strategies and preparing risk communication products
Technical Skills
. Proficiency with risk modeling tools, statistical analysis software, or econometric modeling
. Strong understanding of risk categories (technical, schedule, cost, performance, compliance)
. Knowledge of Defense risk management standards, policies, and reporting requirements
. Ability to evaluate risk data, identify trends, and recommend actionable mitigation steps
Abilities & Work Style
. Strong analytical reasoning and decision support skills
. Ability to communicate complex risks in clear, concise terms
. Ability to work independently and collaboratively across specialized technical teams
Desired qualifications/non essential skills required:
Advanced Risk & Analytics Skills
. Experience with predictive analytics, Monte Carlo simulations, or advanced modeling tools
. Familiarity with DoD acquisition and program management frameworks (e.g., DoDI 5000 series)
Tools & Systems Knowledge
. Experience with risk databases, planning systems, or enterprise project management tools
. Working knowledge of data visualization platforms (Power BI, Tableau)
Certifications
. PMI RMP (Risk Management Professional)
. DAWIA Program Management or Systems Engineering certifications
. ASQ certifications related to quality or process improvement
Additional Skills
. Ability to develop white papers, strategic assessments, and senior level briefings
. Experience in change management or enterprise risk integration
. Strong organizational skills to manage multiple risk threads simultaneously
CGI is required by law in some jurisdictions to include a reasonable estimate of the compensation range for this role. The determination of this range includes various factors not limited to skill set, level, experience, relevant training, and licensure and certifications. To support the ability to reward for merit based performance, CGI typically does not hire individuals at or near the top of the range for their role. Compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range for this role in the U.S. is $70,800.00 $176,300.00.
CGI Federal's benefits are offered to eligible professionals on their first day of employment to include:
. Competitive compensation
. Comprehensive insurance options
. Matching contributions through the 401(k) plan and the share purchase plan
. Paid time off for vacation, holidays, and sick time
. Paid parental leave
. Learning opportunities and tuition assistance
. Wellness and Well being programs
#CGIFederalJob
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Skills:
  • Defense
  • Delivery management
  • Manufacturing
  • Military
  • Risk management

What you can expect from us:
Together, as owners, let's turn meaningful insights into action.
Life at CGI is rooted in ownership, teamwork, respect and belonging. Here, you'll reach your full potential because...
You are invited to be an owner from day 1 as we work together to bring our Dream to life. That's why we call ourselves CGI Partners rather than employees. We benefit from our collective success and actively shape our company's strategy and direction.
Your work creates value. You'll develop innovative solutions and build relationships with teammates and clients while accessing global capabilities to scale your ideas, embrace new opportunities, and benefit from expansive industry and technology expertise.
You'll shape your career by joining a company built to grow and last. You'll be supported by leaders who care about your health and well-being and provide you with opportunities to deepen your skills and broaden your horizons.
Come join our team-one of the largest IT and business consulting services firms in the world.
Qualified applicants will receive consideration for employment without regard to their race, ethnicity, ancestry, color, sex, religion, creed, age, national origin, citizenship status, disability, pregnancy, medical condition, military and veteran status, marital status, sexual orientation or perceived sexual orientation, gender, gender identity, and gender expression, familial status or responsibilities, reproductive health decisions, political affiliation, genetic information, height, weight, or any other legally protected status or characteristics to the extent required by applicable federal, state, and/or local laws where we do business.
CGI provides reasonable accommodations to qualified individuals with disabilities. If you need an accommodation to apply for a job in the U.S., please email the CGI U.S. Employment Compliance mailbox at US_Employment_Compliance@cgi.com. You will need to reference the Position ID of the position in which you are interested. Your message will be routed to the appropriate recruiter who will assist you. Please note, this email address is only to be used for those individuals who need an accommodation to apply for a job. Emails for any other reason or those that do not include a Position ID will not be returned.
We make it easy to translate military experience and skills! Click here to be directed to our site that is dedicated to veterans and transitioning service members.
All CGI offers of employment in the U.S. are contingent upon the ability to successfully complete a background investigation. Background investigation components can vary dependent upon specific assignment and/or level of US government security clearance held. Dependent upon role and/or federal government security clearance requirements, and in accordance with applicable laws, some background investigations may include a credit check. CGI will consider for employment qualified applicants with arrests and conviction records in accordance with all local regulations and ordinances.
CGI will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with CGI's legal duty to furnish information.

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