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Operational Risk Analysis Manager in Ottawa, ON

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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Salary for Operational Risk Analysis Manager in Ottawa, ON
97736 - 133163
Low
97736
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
116329
The candidate has moderate experience in the role, meets most requirements or has equivalent transferrable skills, and may also have relevant certifications.
High
133163
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
Projected salaries for related positions Job title Low Mid High Chief Risk Officer – Financial Services 204518 244718 273611 Regulatory Reporting Manager 104771 123113 136178 Operational Risk Analyst 80400 91706 106028 Market Risk Analysis Manager 90199 104269 120349 Market Risk Analyst 74370 85676 98490 Credit Risk Analysis Manager 94973 105274 118590 Credit Risk Analyst 73868 88691 100500 Hedge Fund Accountant 67586 80651 89194 Senior Fund Operations Specialist 69345 84169 95726 Fund Operations Specialist 53014 65074 80903 Anti-Money Laundering (AML) Specialist 65325 80651 91958 Fraud Investigator 57034 71606 81405 Mutual Fund Accountant 57536 63566 72360

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels. Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.