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Operational Risk Analyst

Operational Risk Analyst Job Description

An Operational Risk Analyst supports the identification, assessment, and mitigation of operational risks across an organization. This role involves collecting and analyzing data related to processes, systems, and controls to pinpoint potential vulnerabilities and areas for improvement. The analyst helps develop risk reports, monitors key risk indicators, and assists in the implementation of risk mitigation strategies. This position demands strong analytical and problem-solving skills, meticulous attention to detail, and a foundational understanding of business operations and risk management principles. A Bachelor's Degree in Business, Finance, or a related field is essential, with relevant certifications (e.g., FRM, CRISC) preferred. A basic understanding of Canadian regulatory expectations for operational risk is beneficial.

Typical operational risk analyst duties:

Assist in identifying and assessing operational risks across various business processes.Collect and analyze operational risk data, including incident reporting and loss events.Support the development and monitoring of key risk indicators (KRIs).Help prepare operational risk reports for management.Collaborate with business units to document processes and controls.Assist in tracking and following up on risk mitigation action plans.Support compliance with internal policies and Canadian operational risk guidelines.Contribute to risk awareness and training initiatives within the organization.

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Salary for Operational Risk Analyst
80000 - 105500
Low
80000
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
91250
The candidate has moderate experience in the role, meets most requirements or has equivalent transferrable skills, and may also have relevant certifications.
High
105500
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 203500 243500 272250 Regulatory Reporting Manager 104250 122500 135500 Operational Risk Analysis Manager 97250 115750 132500 Market Risk Analysis Manager 89750 103750 119750 Market Risk Analyst 74000 85250 98000 Credit Risk Analysis Manager 94500 104750 118000 Credit Risk Analyst 73500 88250 100000 Hedge Fund Accountant 67250 80250 88750 Senior Fund Operations Specialist 69000 83750 95250 Fund Operations Specialist 52750 64750 80500 Anti-Money Laundering (AML) Specialist 65000 80250 91500 Fraud Investigator 56750 71250 81000 Mutual Fund Accountant 57250 63250 72000

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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.