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Operational Risk Analyst in Ottawa, ON

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 in Ottawa, ON
80400 - 106028
Low
80400
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
91706
The candidate has moderate experience in the role, meets most requirements or has equivalent transferrable skills, and may also have relevant certifications.
High
106028
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 Analysis Manager 97736 116329 133163 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.