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Senior Risk Analyst Jobs in Alhambra, CA (NOW HIRING)

The TCW Group

Risk Lead

Los Angeles, CA · On-site

$200K - $250K/yr

... and senior leadership. Portfolio Risk Framework : * Define and maintain portfolio risk metrics, methodologies, and models, including stress testing and scenario analysis. * Ensure systematic ...

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Senior Risk Analyst information

See Alhambra, CA salary details

$56.4K

$115.8K

$150.3K

How much do senior risk analyst jobs pay per year?

As of Aug 16, 2026, the average yearly pay for senior risk analyst in Alhambra, CA is $115,845.00, according to ZipRecruiter salary data. Most workers in this role earn between $95,400.00 and $144,500.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a senior risk analyst?

To thrive as a Senior Risk Analyst, you need strong analytical skills, a solid grasp of risk assessment methodologies, and typically a degree in finance, economics, or a related field. Proficiency with risk management software, data analysis tools like Excel, and familiarity with regulatory frameworks such as Basel III or SOX is often required. Attention to detail, critical thinking, and effective communication are crucial soft skills for identifying, evaluating, and reporting risks. These competencies are vital for ensuring accurate risk identification and mitigation, supporting sound business decisions, and maintaining regulatory compliance.

How does a senior risk analyst typically collaborate with other departments to identify and mitigate risks?

Senior Risk Analysts regularly work with teams across the organization, such as compliance, finance, operations, and IT, to identify emerging risks and implement mitigation strategies. They often participate in cross-functional meetings, provide insights from data analysis, and help develop policies that address both regulatory requirements and business objectives. Building strong working relationships and communicating complex risk scenarios in an accessible way are key to ensuring coordinated risk management efforts. This collaborative approach not only helps in early detection of potential issues but also fosters a proactive risk culture within the company.

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

AspectSenior Risk AnalystRisk Analyst
Required CredentialsBachelor's degree, often certifications like FRM or CRMBachelor's degree, some certifications like FRM or CRM
Work EnvironmentFinancial institutions, insurance companies, consulting firmsFinancial firms, corporations, government agencies
Employer & Industry UsageUsed across finance, insurance, and consulting sectorsCommon in finance, banking, and insurance industries

The main difference is that Senior Risk Analysts typically have more experience, advanced certifications, and handle more complex risk assessments. They often lead projects and mentor junior staff, whereas Risk Analysts focus on data collection, analysis, and supporting risk management processes.

How much do senior risk analysts get paid?

Senior risk analysts typically earn a median annual salary between $80,000 and $120,000, depending on experience, industry, and location. They often require strong analytical skills and knowledge of risk management tools and regulations.

What does a senior risk analyst do?

A senior risk analyst evaluates potential risks that could impact an organization’s financial health, operations, or reputation. They analyze data, develop risk mitigation strategies, and use tools like risk assessment software to inform decision-making. This role often requires strong analytical skills, industry knowledge, and relevant certifications such as FRM or CRM.

What cities near Alhambra, CA are hiring for Senior Risk Analyst jobs?

Cities near Alhambra, CA with the most Senior Risk Analyst job openings:

Senior Risk Analyst jobs near you
Infographic showing various Senior Risk Analyst job openings in Alhambra, CA as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, and 2% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $115,845 per year, or $55.7 per hour.

VP, Operational Risk Business Partner - Risk Management

Cathay Bank

El Monte, CA • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 10 days ago

Job description

People Drive Our Success
Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank - we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset, and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.
Apply today!
What our team members are saying:
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Learn more about us at cathaybank.com
GENERAL SUMMARY
The Operational Risk Business Partner (ORBP) is part of our Second Line of Defense (2LOD) Operational Risk Management (ORM) function. ORBP will serve as a pivotal partner to front-line risk managers and business units in designing, executing, and maturing the bank's Risk and Control Self-Assessment (RCSA) program. ORBP will provide expert challenge, guidance, and subject-matter expertise to ensure robust risk identification, assessment, monitoring, and reporting. ORBP will collaborate with second-line SMEs to translate risk insights into actionable improvements, contribute to the development of key risk indicators (KRIs), and drive risk culture and training across divisions. This is an individual contributor role focused on delivering results through advice, governance, and expert guidance rather than direct team management.
ESSENTIAL FUNCTIONS
  • Lead and coordinate the annual end to end and ongoing RCSA process with front-line risk managers across business units.
  • Provide independent oversight of operational risk management activities performed by the First Line of Defense.
  • Provide strong, constructive challenge to ensure comprehensive risk and control identification, assessment, and documentation. Validate risk ratings, control effectiveness, residual risk levels, and action plans; ensure consistency with policy standards and escalation thresholds. Review and approve risk and control narratives, risk taxonomy alignment, and control owner accountability.
  • Act as a trusted advisor to business unit risk champions and process owners, offering expert guidance on risk controls, control design, and risk acceptance criteria. Facilitate risk workshops, interviews, and scenario analysis to surface emerging risks and ensure timely remediation. Facilitate constructive dialogue between 1LOD and risk governance functions.
  • Lead the development, validation, and enhancement of the bank's Key Risk Indicators (KRIs) in partnership with owners and SMEs. Monitor KRI performance, perform trend analysis, and recommend risk-reduction actions or escalation when indicators breach thresholds. Integrate KRI results into governance forums and reporting to senior management and risk committees.
  • Design and deliver risk training programs, workshops, and communications to enhance risk awareness and control practices across divisions. Develop practical guidance, playbooks, and toolkits to standardize risk assessment methodologies and control testing approaches.
  • Collaborate with second-line SMEs (e.g., IT, cyber, information security, business continuity, model risk, compliance) to incorporate their assessments into the RCSA and KRIs. Translate SME findings into actionable risk actions, monitoring plans, and escalation paths.
  • Support the development and maintenance of risk libraries, control dictionaries, and standard risk assessment criteria.
  • Prepare and present risk and control status, themes, and remediation progress to risk committees, governance forums, and senior leadership.
  • Maintain issue and remediation tracking, ensuring timely closure and evidence of control improvements by conducting validation of all remediation plans by 1LOD.
  • Contribute to policy interpretation, standards, and procedures related to operational risk and RCSA practices.
  • Maintain high-quality RCSA documentation, control catalogs, and risk registers in the risk management systems.
  • Support New Product and services launch risk assessments.
  • Perform data-driven analyses to identify patterns, gaps, and opportunities for risk reduction.
  • Identify opportunities to enhance RCSA efficiency, consistency, and effectiveness through process improvements, automation, and technology solutions.
  • Participate in GRC system enhancement projects and user acceptance testing for risks systems.
  • Promote a strong risk culture by driving accountability, constructive challenge, and timely escalation of issues.
  • Stay current on regulatory expectations, industry.

QUALIFICATIONS
Education:
  • Bachelor's degree in Finance, Risk Management, Business Administration, or related discipline (Master's preferred)

Experience:
  • Minimum 5-7 years of experience in operational risk, RCSA, incident and issue management, internal controls, or audit within financial services or a similarly regulated industry.
  • Demonstrated ability to challenge front-line risk managers and influence risk-based decision making without direct line authority.
  • Prior experience as a second-line risk professional or risk partner with cross-functional collaboration across IT, cyber, information security, business continuity, compliance, and operations.
  • Deep understanding of first line processes and risk/control activities.

Skills/Ability:
  • Understanding of operational risk management principles, frameworks, and methodologies within the financial services industry. This includes knowledge of regulatory requirements (such as Basel III) and industry's best practices.
  • Knowledge of operational risk frameworks (e.g., Basel, ORMF), internal control standards, and incident management tools.
  • Strong analytical and problem-solving skills; ability to interpret data and identify trends.
  • Strong analytical thinking and attention to detail.
  • Excellent communication and stakeholder management abilities.
  • Ability to synthetize complex information into clear, actionable insights.
  • Attention to detail and a proactive mindset, ability to work under tight deadlines.
  • Collaborative mindset with a proactive attitude towards problem-solving.

OTHER DETAILS
$110K - $133K / year
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.
Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).
Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our California Job Applicant Privacy Policy.
Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.
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Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.
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This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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