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Operational Risk Jobs in Phoenix, AZ (NOW HIRING)

OMC

Risk Director

Phoenix, AZ · On-site

Operational Risk Oversight * Identify, quantify, and monitor operational risks across safety, project delivery, subcontractor performance, and financial exposure. * Develop a "lessons learned ...

Peraton

Risk and Vulnerability Analyst

Chandler, AZ · On-site

$80K - $128K/yr

Support 24x7 SOC operations by performing continuous vulnerability monitoring and risk analysis. * Execute vulnerability assessments using industry-standard scanning tools across networks, systems ...

Peraton

Risk and Vulnerability Analyst

Chandler, AZ · On-site

$80K - $128K/yr

Support 24x7 SOC operations by performing continuous vulnerability monitoring and risk analysis. * Execute vulnerability assessments using industry-standard scanning tools across networks, systems ...

Peraton

Risk and Vulnerability Analyst

Chandler, AZ · On-site

$80K - $128K/yr

Support 24x7 SOC operations by performing continuous vulnerability monitoring and risk analysis. * Execute vulnerability assessments using industry-standard scanning tools across networks, systems ...

Northern Trust

Risk Treatment Specialist

Tempe, AZ · Hybrid

$108K - $185K/yr

Operational Risk, Financial Risk,Cyber Resilience, Cybersecurity, Risk Management, IT RiskandControl, and/or IT Audit * Strong working knowledge of theinherentrisksin the financial services industry

Northern Trust

Risk Treatment Specialist

Tempe, AZ · On-site

$108K - $185K/yr

Operational Risk, Financial Risk, Cyber Resilience, Cybersecurity, Risk Management, IT Risk and Control, and/or IT Audit * Strong working knowledge of the inherent risks in the financial services ...

Northern Trust

Risk Treatment Specialist

Tempe, AZ · On-site

$108K - $185K/yr

Operational Risk, Financial Risk, Cyber Resilience, Cybersecurity, Risk Management, IT Risk and Control, and/or IT Audit * Strong working knowledge of the inherent risks in the financial services ...

Morgan Stanley

E*TRADE Risk Officer

Gilbert, AZ · On-site

Oversee ongoing risk monitoring and control executionacross key risk areas (including operational risk, conduct risk, and data/security-related risk) and implement enhancements as needed. * Drive ...

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Operational Risk information

See Phoenix, AZ salary details

$38.7K

$85.2K

$153.9K

How much do operational risk jobs pay per year?

As of Jun 29, 2026, the average yearly pay for operational risk in Phoenix, AZ is $85,231.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,000.00 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 the most commonly searched types of Operational Risk jobs in Phoenix, AZ? The most popular types of Operational Risk jobs in Phoenix, AZ are:
What are popular job titles related to Operational Risk jobs in Phoenix, AZ? For Operational Risk jobs in Phoenix, AZ, the most frequently searched job titles are:
What job categories do people searching Operational Risk jobs in Phoenix, AZ look for? The top searched job categories for Operational Risk jobs in Phoenix, AZ are:
Operational Risk jobs near you
Risk Director

Risk Director

Okland Construction Co., Inc.

Phoenix, AZ

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 22 days ago

Job description

Description

ABOUT US 
At Okland, we exist to create remarkable experiences — not just through the projects we deliver, but in the way we show up for our clients, partners, and each other every day. We believe that how we build is just as important as what we build, and our purpose is rooted in people. Whether it's a trusted partner we’ve worked with for decades or a new team member stepping onto their first jobsite, we approach every relationship with care, clarity, and commitment. 
 
We’re a commercial general contractor and construction management company with more than 1,200 team members and a track record of delivering some of the most complex and high-profile projects in the country — from semiconductor and healthcare facilities to professional sports venues and high-end hospitality. 
 
Founded in 1918 in Salt Lake City, we’ve grown steadily for over a century — now with offices in Utah, Arizona, and Idaho — and we’re entering one of the most exciting chapters in our company’s history. We’re building more than projects. We’re building careers, capabilities, and momentum for the future. And we’re looking for passionate, driven people who want to be part of it. 
 
ABOUT THIS OPPORTUNITY 
If you’re a strategic, detail-oriented risk professional who thrives on balancing financial insight with operational awareness, this role is for you. As Risk Director, you’ll lead the enterprise-wide risk management program — from insurance strategy and claims oversight to safety alignment and contract risk allocation. You’ll be a trusted advisor to Finance, Legal, and Operations, helping Okland proactively identify, mitigate, and manage risks across all areas of the business. This is a high-impact role for someone who loves building structure, shaping policy, and driving results that protect both people and performance. 
 
 
YOUR DAY-TO-DAY 
Financial Risk Management 
  • Lead procurement and administration of corporate and project-specific insurance programs (GL, Builder’s Risk, Professional Liability, Umbrella/Excess, Cyber, and OCIP/CCIP). 
  • Collaborate with Finance and Legal to ensure proper risk transfer, coverage adequacy, and contractual compliance. 
  • Oversee subcontractor and vendor Certificate of Insurance (COI) compliance and manage OCIP/CCIP enrollment. 
  • Serve as the company’s primary liaison with brokers, insurers, and third-party administrators. 
  • Evaluate and improve risk allocation across contracts to align with business objectives. 
 
Claims and Incident Management 
  • Track and manage all insurance claims (general liability, builders risk, property, auto, and workers’ compensation). 
  • Coordinate with adjusters, brokers, and insurers to ensure efficient resolution. 
  • Partner with field teams on incident documentation and claim preparation. 
  • Escalate high-value or disputed claims in partnership with Legal. 
 
Operational Risk Oversight 
  • Identify, quantify, and monitor operational risks across safety, project delivery, subcontractor performance, and financial exposure. 
  • Develop a “lessons learned” program to apply insights from claims and incidents to field operations. 
  • Partner with Safety and Operations to implement data-driven risk reduction initiatives. 
  • Lead enterprise-level emergency preparedness, business continuity, and crisis response efforts. 
 
Leadership and Strategy 
  • Establish KPIs and reporting dashboards to monitor risk trends and communicate insights to leadership. 
  • Promote a proactive, risk-aware culture through education, communication, and cross-functional collaboration. 
  • Partner with leaders to integrate risk strategy into business planning and decision-making. 
 
 
YOU’RE READY FOR THIS ROLE IF YOU HAVE 
  • A bachelor’s degree in Risk Management, Business, Construction Management, Finance, or a related field. 
  • 10+ years of progressive risk management experience within the construction or real estate development industry. 
  • Deep knowledge of insurance programs relevant to large-scale commercial construction. 
  • Proven ability to manage complex, cross-functional initiatives. 
  • Familiarity with safety regulations, claims management, and risk control practices. 
  • Professional designations such as ARM, CPCU, or CRIS. 
  • Experience implementing or managing OCIP/CCIP programs. 
  • Knowledge of construction contracts (AIA, ConsensusDocs). 
  • Experience with risk analytics or insurance management systems. 
 
 
WHAT WE OFFER 
  • Award-winning culture – consistently recognized by Best Places to Work in Arizona, Utah, and Idaho. 
  • Competitive pay – weekly paychecks, salary, bonus incentives, 401(k) with employer match. 
  • Holistic benefits – Medical, Dental, Vision, Life & Disability Insurance; paid parental leave, financial literacy resources, and an Employee Assistance Program with legal and mental health support. 
  • Perks – tenure awards including pro sports tickets, fitness memberships, travel vouchers, and paid work anniversary sabbaticals. 
  • Award-winning work – our projects are consistently honored with recognitions from AIA, ENR, AGC, and more. 
 
 
PHYSICAL ENVIRONMENT 
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 
 
While performing the duties of this job, the employee is regularly required to sit, talk, and/or hear. The employee is frequently required to use hands to finger, handle or feel. The employee is occasionally required to reach with hands and arms, climb, balance, stoop, kneel, crouch, and/or crawl. The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities include close vision and color vision. The employee may also be required to inspect project sites and be exposed to ongoing construction and varying weather conditions. The noise level in the work environment may range from moderate to loud. 
 
EEO STATEMENT 
Okland is an equal opportunity employer and considers all applicants for employment based on merit, competence, performance, and business needs. We do not discriminate on the basis of any status protected under federal, state, or local law. Applicants will be considered regardless of their race, color, sex, gender identity or expression, age, religion, creed, national origin, citizenship status, sexual orientation, genetic information, physical or mental disability, military status, or any other characteristic protected under federal, state, or local law. In addition to complying with all applicable laws, Okland also has a strong corporate commitment to inclusion. 
 
VISA AND SPONSORSHIP 
Must be currently legally authorized to work in the U.S. without sponsorship for employment visa status (e.g., H1B Status, O-1, CPT, OPT, etc.). Unless specifically stated in this job posting, we are unable to sponsor or take over sponsorship of an employment visa at this time. 

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