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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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National salary range for Operational Risk Analyst

80000 - 105750

Low
80000
The candidate is new to the role or has limited experience and is still developing core skills.
Mid
92000
The candidate has moderate experience in the role or one similar, meets most requirements and may hold transferable skills or relevant certifications.
High
105750
The candidate has extensive experience in the role, demonstrates advanced skills and often brings specialized certifications or industry experience.
Projected salaries for related positions Job title Low Mid High Chief Risk Officer – Financial Services 205500 244500 272750 Regulatory Reporting Manager 106750 123500 136250 Operational Risk Analysis Manager 99750 116750 135500 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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The salary benchmarks in the Canada Salary Guide From Robert Half are the result of a rigorous, multistep process designed to reflect projected market trends for 2027. They are based on actual compensation for professionals Robert Half has placed nationwide, along with third-party job posting data from Textkernel that we use for independent validation. Learn more about our methodology.