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Operational Risk Jobs in Baltimore, MD (NOW HIRING)

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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:
Operational Risk jobs near you
Risk and Communication Manager

Risk and Communication Manager

Stella Maris

Timonium, MD • On-site

$38.75/hr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 28 days ago

Stella Maris (Maryland) rating

7.3

Company rating: 7.3 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

Summary

Stella Maris, located in Timonium Maryland is seeking an exempt-level professional who is well versed in project management, with strong communication and customer services skills. This position will support the executives in a mid-size health care operation to include rehabilitation, long-term care, hospice and home health. This position will serve on interactive committees, coordinate efforts pertaining to large operational projects, assist to execute tangible renovation projects, and serve in a risk management capacity supporting the compliance officer and executives with quality assurance.


Risk and Communication Manager

Check out some of our benefits offered:

• Paid time off (PTO) & Sick Leave (SSL)
• Tuition reimbursement
• 403(B) retirement plan with generous company match and “Catch Up” provision
• Competitive health, prescription, vision and dental benefits
• Discounts on auto & home insurance and Verizon plans
• Pet Wellness coverage, legal assistance and identity protection
• Mental Health resources and other employee related wellness opportunities through our Employee Assistance Program
• Perks at Work - savings on favorite brands, travel, tickets, dining and more!


Responsibilities

To provide organizational and general office support for the Administrative office with a high degree of independence, initiative, judgment and decisiveness. With direction from Administration this position supports the following key functions for all Stella Maris:

• Risk and Compliance
• Project Management
• Communication
• Customer Services
• Executive Office Support

RISK AND COMPLIANCE
-Oversees compliance allegations that come into the Administrative office; initial intake, investigation and notifying appropriate parties and with guidance from the Executive Director who serves as the organizations Corporate Compliance Officer, oversees resolution.

PROJECT MANAGEMENT AND COMMUNICATION
-Partners with Facilities Management to coordinate facility-wide construction and/refresh projects to include- recording keeping of the meetings; identifying communication channels, takes initiative to think thru processes and who/what is impacted.
-Assists leadership with large scale facility projects and initiatives.

CUSTOMER SERVICE AND EXECUTIVE OFFICE SUPPORT
-Takes and active roll following up on customer service opportunities that escalate to the Administration offices.
- Backs up the executive assistants work when absence to support for the ED and SVP of operations, schedules appointments, arranges conferences, meetings, travel and maintains calendar.
- Like all members of the Stella Maris Administration team, greets visitors to the office in a friendly manner, screening and responding appropriately. Redirects and/or assists visitors when appropriate. Resolves visitor problems when appropriate.


Requirements

• Associates Degree Required (Bachelor’s Degree preferred)
• Experience in a medical setting strongly preferred
• Experience with project management and facilities management preferred
• Advanced Computer Skills


Min
USD $25.85/Hr.
Max
USD $38.75/Hr.
Salary Information
Compensation decisions are made in alignment with internal equity, role scope, and market data to ensure fair and consistent pay practices. Most new hires are typically placed within the lower to mid-portion of the range; offers above that level are reserved for candidates with advanced or highly specialized qualifications.Qualifications:

• Associates Degree Required (Bachelor’s Degree preferred)
• Experience in a medical setting strongly preferred
• Experience with project management and facilities management preferred
• Advanced Computer Skills

Education:UNAVAILABLEEmployment Type: FULL_TIME

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