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Senior Operational Risk Analyst Jobs in Phoenix, AZ

Peraton

Senior Risk and Vulnerability Analyst

Chandler, AZ · On-site

$104K - $166K/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

Senior Risk and Vulnerability Analyst

Chandler, AZ · On-site

$104K - $166K/yr

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

Western Alliance Bank

Model Risk Analyst

Phoenix, AZ · On-site

... SR 26 (including evaluating conceptual soundness, reviewing ongoing monitoring plans and reports ... Knowledge of general banking operations, including deposit operations, loan administration ...

American Express

Manager - Ops Risk Management

Phoenix, AZ · On-site

$89K - $150K/yr

... to senior management and governance committees and support sharing insights, better practices ... Managing investigation of and conducting root cause analysis to address repeated operational risk ...

PNC Bank

LOB Risk Lead

Phoenix, AZ

... testing, operational resilience analyses, and emerging risk evaluations. Monitors internal and ... Presents findings to senior leadership and governance forums. PNC is an in-office company that ...

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Senior Operational Risk Analyst information

See Phoenix, AZ salary details

$53.1K

$109.1K

$141.5K

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

As of Aug 15, 2026, the average yearly pay for senior operational risk analyst in Phoenix, AZ is $109,068.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,900.00 and $136,000.00 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.

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.

How much does a senior operational risk analyst make in the US?

A senior operational risk analyst in the US typically earns between $80,000 and $130,000 annually, depending on experience, location, and industry. Professionals with certifications like FRM or CRC and strong analytical skills may command higher salaries. Compensation can also include bonuses and benefits based on performance and company size.

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.

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 are popular job titles related to Senior Operational Risk Analyst jobs in Phoenix, AZ?

For Senior Operational Risk Analyst jobs in Phoenix, AZ, the most frequently searched job titles are:

What job categories do people searching Senior Operational Risk Analyst jobs in Phoenix, AZ look for?

The top searched job categories for Senior Operational Risk Analyst jobs in Phoenix, AZ are:

Senior Operational Risk Analyst jobs near you
Infographic showing various Senior Operational Risk Analyst job openings in Phoenix, AZ as of August 2026, with employment types broken down into 89% Full Time, 8% Part Time, and 3% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $109,068 per year, or $52.4 per hour.

Senior Financial Risk Analyst

Western Alliance Bank

Phoenix, AZ

Full-time

Medical, Dental, Retirement

Posted 5 days ago

Job description

Job Title:

Senior Financial Risk Analyst

Location:

CityScape

What you'll do:

The Financial Risk Management Group (FRM) oversees risk-taking activities of Treasury and Mortgage Capital Markets. This role within FRM focuses specifically on Investment Portfolio, Mortgage Servicing Rights and Loans Held for Sale exposures. The team facilitates effective use of risk appetite to monitor and assess risk-taking activities. The group also plays a key role in keeping senior management appraised of the Company's financial risk profile. This is achieved by using risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement. As a Financial Risk Senior Analyst, you will support the oversight of the company's investment portfolio and mortgage asset portfolio, along with their respective hedging activities. You'll help monitor risk exposures, review risk reports, and assist in ensuring compliance with internal policies and regulatory standards. This role is ideal for someone with a strong analytical background who is looking to develop their expertise in financial risk management.
  • Risk Monitoring: Assist in reviewing investment portfolio and mortgage asset exposures and hedging strategies, including basic scenario analysis and stress testing. Monitor portfolio exposures (duration, convexity, liquidity, credit risk) and validate stress testing results.
  • Help prepare risk reports and summaries for management and risk committees.
  • Work with Treasury, Mortgage Capital Markets, and Asset Liability Management teams to gather data and support risk oversight activities.
  • Support the documentation of oversight processes and help ensure adherence to risk limits and regulatory requirements. Review hedge performance metrics (e.g., Earnings at Risk, and Economic Value of Equity)
  • Prepare risk oversight reports for senior management and risk committees.
  • Ensure compliance with Board-approved risk limits and regulatory requirements.
  • Maintain documentation of oversight processes and challenge activities.

What you'll need:

  • Bachelor's degree in finance, Economics, Mathematics, or related field; master's degree or CFA/FRM preferred.
  • 4+ years in risk management, Asset Liability Management, investment portfolio oversight, or Mortgage Capital Markets with a strong focus on analytics.
  • Familiarity with fixed income securities, derivatives, or hedging instruments is a plus.
  • Intermediate to advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
  • Intermediate to advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
  • Understanding of regulatory frameworks and risk management principles.
  • Strong understanding of second line of defense principles and governance.
  • Analytical mindset with attention to detail.
  • Ability to work collaboratively with different teams.
  • Advanced written and verbal communication skills.

Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

About the company:

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

Western Alliance Bancorporation

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