What Is an Operational Risk Consultant and How to Become One

By ZipRecruiter Marketplace Research Team

As an operational risk consultant, your primary responsibilities are reporting assessments and monitoring the risks of an organization's operations. The types of risk you look for include operational, financial, technological, and compliance related. You work with other departments such as accounting, regulatory affairs, and the internal audit department. You review operating procedures and guidelines, and ensure all actions and services correspond with industry practices/regulations. Your duties include providing an analysis and recommendation of how to adjust forward movement within the company. You also work to anticipate problems before they occur to avoid conflict.

To become an operational risk consultant, you need a bachelor's degree or more advanced degree in auditing, accounting, economics, compliance, finance, or a similar area. You should understand how a firm's size and staffing affects its operations. Other qualifications include knowledge of business functions, strong interpersonal communication skills, attention to detail, and organization. You also need to stay up-to-date on risk management knowledge and skills, and you need to be familiar with company policy. You should be able to work as a team player as you communicate with many groups of people.