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Operational Risk Analyst in Toronto, 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 Toronto, ON
83440 - 110037
Low
83440
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
95174
The candidate has moderate experience in the role, meets most requirements or has equivalent transferrable skills, and may also have relevant certifications.
High
110037
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
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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.