Operational Risk Analysis Manager

Operational Risk Analysis Manager Job Description

An Operational Risk Analysis Manager is a critical leader responsible for developing, implementing, and overseeing an organization's operational risk management framework. This role involves identifying, assessing, mitigating, and monitoring operational risks across various departments and processes. The Manager provides strategic guidance on risk exposures, ensures compliance with internal policies and external regulations, and fosters a strong risk culture. This position demands deep expertise in operational processes, strong analytical skills, exceptional communication, and proven leadership. Typically, 7-10 years of progressive experience in risk management, internal audit, or operations within the financial services or a regulated industry, with a few years in a leadership role, is required. Relevant certifications (e.g., FRM, CRISC) are highly preferred. A profound understanding of Canadian regulatory expectations (e.g., OSFI guidelines) is paramount.

Typical operational risk analysis manager duties:

Develop and implement the operational risk management framework, policies, and procedures.

Lead risk identification, assessment, measurement, and reporting processes.

Oversee and manage a team of operational risk analysts.

Ensure compliance with internal policies and Canadian regulatory requirements for operational risk.

Monitor key risk indicators and loss events, recommending mitigation strategies.

Collaborate with business units to integrate risk management into daily operations.

Prepare comprehensive operational risk reports for senior management and risk committees.

Drive initiatives for continuous improvement of risk controls and processes.

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National salary range for Operational Risk Analysis Manager

99750 - 135500

Low

99750

The candidate is new to the role or has limited experience and is still developing core skills.

Mid

116750

The candidate has moderate experience in the role or one similar, meets most requirements and may hold transferable skills or relevant certifications.

High

135500

The candidate has extensive experience in the role, demonstrates advanced skills and often brings specialized certifications or industry experience.

Projected salaries for related positions

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Low

Mid

High

Chief Risk Officer – Financial Services

205500

244500

272750

Regulatory Reporting Manager

106750

123500

136250

Operational Risk Analyst

80000

92000

105750

Market Risk Analysis Manager

91000

106000

123750

Market Risk Analyst

77000

87750

100000

Hedge Fund Accountant

68250

80500

90250

Fund Operations Specialist

53500

65500

81250

Anti-Money Laundering Specialist

65500

81750

93750

Fraud Investigator

57000

71500

81250

Mutual Fund Accountant

59000

65500

73500

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