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Job Title Operational Risk Analyst Operational Risk Analyst What does a successful Operational Risk Analyst do? A successful Operational Risk Analyst identifies, assesses, and mitigates risks arising ...

As Senior Operational Risk Advisor, you assist the Risk Management Executive Division with ... You use your analytical skills and comprehensive, detailed understanding of your line of business ...

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Senior Operational Risk Analyst information

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$53.5K

$109.8K

$142.5K

How much do senior operational risk analyst jobs pay per year?

As of May 29, 2026, the average yearly pay for senior operational risk analyst in the United States is $109,846.00, according to ZipRecruiter salary data. Most workers in this role earn between $90,500.00 and $137,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Senior Operational Risk Analyst, and why are they important?

A Senior Operational Risk Analyst must have strong analytical skills, in-depth knowledge of risk management frameworks, and a relevant degree such as finance, business, or risk management. Proficiency with risk assessment software, data analytics tools (like SAS or Excel), and certifications such as FRM or ORM are commonly required. Outstanding communication, attention to detail, and problem-solving abilities help them collaborate effectively and deliver actionable insights. These skills ensure accurate risk identification, effective mitigation strategies, and compliance with regulatory standards.

How does a Senior Operational Risk Analyst typically collaborate with other departments to identify and mitigate risks?

A Senior Operational Risk Analyst works closely with departments such as compliance, internal audit, IT, and business units to identify, assess, and monitor operational risks. This collaboration often involves regular meetings, risk workshops, and sharing of data or incident reports to ensure all potential risks are captured and managed effectively. The analyst also helps develop and implement risk mitigation strategies, offering guidance and training to staff across teams. Effective communication and relationship-building are essential, as the role often requires balancing diverse perspectives to support the organization's risk management objectives.

What does a Senior Operational Risk Analyst do?

A Senior Operational Risk Analyst is responsible for identifying, assessing, and mitigating risks that could affect an organization’s operations. They analyze internal processes, monitor compliance with regulations, and develop strategies to minimize potential losses or disruptions. In this role, they collaborate with various departments to ensure effective risk management and provide recommendations for improving controls. Their expertise helps protect the organization from financial, reputational, and operational harm.

What is the difference between Senior Operational Risk Analyst vs Operational Risk Analyst?

AspectSenior Operational Risk AnalystOperational Risk Analyst
Required CredentialsBachelor's degree, professional certifications (e.g., ORM, FRM)Bachelor's degree, some certifications preferred
Work EnvironmentFinancial institutions, large corporations, risk management teamsFinancial firms, banks, insurance companies
Employer & Industry UsageUsed in senior roles within risk departmentsEntry to mid-level roles in risk management
Common Search & ComparisonOften compared for career progressionBase role for operational risk careers

The main difference between a Senior Operational Risk Analyst and an Operational Risk Analyst lies in experience, responsibilities, and seniority. The senior role typically involves more complex risk assessments, leadership, and strategic input, while the operational risk analyst focuses on data collection, analysis, and supporting risk management processes. Both roles are essential in financial and corporate sectors, with the senior position representing a step up in expertise and scope.

More about Senior Operational Risk Analyst jobs
What cities are hiring for Senior Operational Risk Analyst jobs? Cities with the most Senior Operational Risk Analyst job openings:
What states have the most Senior Operational Risk Analyst jobs? States with the most job openings for Senior Operational Risk Analyst jobs include:
What job categories do people searching Senior Operational Risk Analyst jobs look for? The top searched job categories for Senior Operational Risk Analyst jobs are:
Infographic showing various Senior Operational Risk Analyst job openings in the United States as of May 2026, with employment types broken down into 100% Full Time. Highlights an 50% In-person, and 50% Hybrid job distribution, with an average salary of $109,846 per year, or $52.8 per hour.
Senior Operational Risk Analyst - Finance

Senior Operational Risk Analyst - Finance

RiskSpan

Washington, DC • Hybrid

Contractor

This job post has expired today. Applications are no longer accepted.


Job description

Onsite 3-5 days/week in Washington, DC.
About RiskSpan
RiskSpan is a leading source of analytics, modeling, data, and risk management solutions for the consumer and institutional finance industries. We partner with banks, mortgage-backed and asset-backed securities issuers, portfolio managers, servicers, and regulators to solve complex challenges in market risk, credit risk, operational risk, and financial technology.
General Description
We are seeking a Senior Operational Risk Analyst to support a key financial client in enhancing its Operational Risk Management Framework (ORMF) within the Finance Division. This role focuses on assessing operational risks, mapping processes, evaluating controls, and supporting remediation activities across controllership, accounting, reporting, forecasting, and other core finance functions.
This is a client-facing contractor role with a requirement to be onsite 3-5 days/week in Washington, DC or Reston, VA.
Primary Responsibilities
Conduct Risk and Control Self-Assessments (RCSAs) across finance processes, identifying key risks and evaluating control design and effectiveness.
Facilitate RCSA workshops with process owners and stakeholders to validate risk/control environments and identify enhancement opportunities.
Maintain RCSA documentation consistent with client enterprise risk and audit standards.
Develop detailed process maps, narratives, and risk/control documentation across areas such as: General ledger and sub-ledger accounting, Financial close and consolidation
Regulatory and management reporting, AP/AR and expense management
Align documentation with enterprise taxonomies, policies, and risk standards.
Identify control deficiencies via assessments and audits.
Conduct root cause analysis and recommend effective remediation strategies.
Monitor and validate remediation plans to ensure closure and compliance.
Support the development of Key Risk Indicators (KRIs) and other metrics specific to Finance.
Prepare dashboards, summaries, and presentations for Finance leadership and risk governance committees.
Provide input on improving the operational risk framework within Finance.
Work closely with Accounting, Financial Reporting, Enterprise Risk, and Internal Audit teams.
Provide SME-level support on risk mitigation best practices and control design.
Participate in Finance risk governance forums and contribute to reporting cycles.
Qualifications
4+ years of relevant experience in operational risk, internal controls, audit, or financial process improvement.
Hands-on experience with RCSAs, process mapping, and control documentation, preferably within a Finance or Controllership environment.
Strong understanding of core Finance processes: close, reporting, reconciliations, and accounting operations.
Familiarity with regulatory frameworks like SOX or ICFR.
Proficiency in Microsoft Office tools (Excel, PowerPoint, Visio); GRC platforms (e.g., Archer, MetricStream) preferred.
Strong analytical, communication, and organizational skills with excellent attention to detail.
Why Join Us
At RiskSpan, you will collaborate with top-tier professionals to deliver technology-enabled solutions that transform financial services. You will gain exposure to high-impact projects while shaping testing and validation strategies that ensure quality outcomes for our client
Employment Type: Contractor