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Operational Risk Analysis Manager in Chicago, IL

Operational Risk Analysis Manager job description

For this role, firms look for candidates with at least eight years of operational risk management and some supervisory experience. Negotiation and problem-solving skills are required, as is a proven ability to collect, analyze and draw conclusions about complex data. Candidates should be highly organized and have strong time-management skills, along with good communication and collaboration abilities. A bachelor’s degree in business, finance or a related field is required.

Typical operational risk analysis manager duties:

Facilitating the identification and evaluation of the organization’s key operational risks and controls, including assessing, reporting and validating remediation of operational risk exposure and related control gapsEvaluating completed business operational risk self-assessmentsPromoting a culture of risk transparency and business unit-level ownership and accountability in regard to operational risk and control environmentsFostering continuous improvements to operating environmentsServing as the subject matter expert on operational risk initiativesWorking on the company’s operational risk framework and associated assessment methodology, approach and toolsCommunicating the results of risk analysis via written reports and verbal presentations to managementDocumenting and assessing operational breaches and risk events, consulting with the business to develop appropriate controls and remediation plans, and monitoring implementation of agreed-upon mitigationSupervising and evaluating performance of operational risk analysis staff

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Salary for Operational Risk Analysis Manager in Chicago, IL

132188 - 189688

Low
132188
The candidate is new to the role or has limited experience and is still developing core skills.
Mid
156875
The candidate has moderate experience in the role or one similar, meets most requirements and may hold transferable skills or relevant certifications.
High
189688
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 213438 261563 306875 Regulatory Affairs Specialist 101875 126250 143438 Market Risk Analysis Manager 140313 170938 202188 Market Risk Analyst 106563 128438 152500 Operational Risk Analyst 112188 126250 148125 Credit Risk Analysis Manager 125000 150313 177813 Credit Risk Analyst 103438 126250 149063 Product Controller Manager 109688 136563 158125 Product Controller 71875 101875 126875 Mergers and Acquisitions Analyst 96563 131875 151250 Anti-Money Laundering Specialist 88438 117500 135625 Fraud Analyst 87500 105625 123750 Fraud Investigator 82813 102188 120625 Internal Wholesaler 64063 77813 92188 Fund Manager 130000 147500 165000 Fund Accountant 92500 108438 124375 Fund Operations Specialist 59063 82813 116250

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