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Operational Risk Analysis Manager in Madison, WI

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 Madison, WI
106845 - 153000
Low
106845
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
126735
The candidate has moderate experience in the role, meets most requirements or has equivalent transferable skills, and may also have relevant certifications.
High
153000
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 171105 209865 246585 Regulatory Reporting Manager 107865 138465 154530 Regulatory Affairs Specialist 82365 102255 115260 Senior Regulatory Reporting Accountant 83385 96900 109395 Regulatory Reporting Accountant 62985 74205 88485 Market Risk Analysis Manager 113220 137445 162435 Market Risk Analyst 85935 103785 122910 Operational Risk Analyst 90015 101745 119085 Credit Risk Analysis Manager 100470 120615 142290 Credit Risk Analyst 83640 102000 119850 Product Controller Manager 87975 109650 126990 Product Controller 57630 81855 101745 Mergers and Acquisitions Analyst 74715 102000 117045 Anti-Money Laundering Specialist 71400 94860 109650 Fraud Investigator 66300 82110 97155 Internal Wholesaler 51765 62730 74460

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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.