Mid-Level

Operational Risk Analyst

At a bank, financial institution, or large corporation, you analyze operational risk — process failures, fraud exposure, technology incidents, vendor risk, regulatory operational risk — and produce the analyses that operational-risk management decisions rest on.

Career Level
Junior
Mid
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Work Personality
C
I
E
S
R
A
Conventionalorganizing, detail-oriented
Investigativeanalytical, curious
Based on Holland Code framework
Job markets for Operational Risk Analysts
Employment concentration · ~118 areas
Based on employment in related occupations
Mapped SOC categories:
BLS Occupational Employment Statistics
What it's like

What it's like to be a Operational Risk Analyst

A typical week threads across risk-assessment work, incident analysis, and risk-reporting — supporting business-line risk-and-control self-assessments, analyzing operational-incident data (errors, fraud, technology issues), building risk reports for management and committees, working with business units on remediation. Risk-register currency and incident-trend analysis quality anchor the operating measures.

What complicates the day-to-day is the breadth of operational risk — every business process, every system, every vendor relationship, and every regulatory expectation generates operational-risk exposure, and analysts navigate the breadth while supporting prioritization. Variance across employers shapes the role: large banks run operational risk under regulatory mandate (Basel, SR letters); insurers run operational risk within ORSA frameworks; non-financial corporates run operational risk with more discretion.

It fits people structurally analytical, comfortable across diverse process and technology domains, and steady through incident-response cycles. CRMP, CIA, FRM, and CCEP credentials anchor advancement. The trade-off is the breadth-without-depth dimension — operational-risk analysts develop working knowledge across many domains rather than deep specialization in one, and the senior career often runs through risk-leadership rather than within the analyst track.

Work values data not available for this role.
✦ Editorial — written by Truest from industry research and career patterns
Career Paths

Where this role sits in the broader career landscape — and where it can take you.

$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
1 BLS OEWS May 2024 covers all Operational Risk Analysts (SOC 13-2054.00), not just this title · BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Career Growth OptionsBusiness Operations track →
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✦ Editorial — career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape — helpful for context, but your specific experience will depend on level, specialty, and where you work.

$62K–$182K
Salary Range
10th – 90th percentile
56K
U.S. Employment
+6.5%
10yr Growth
5K
Annual Openings

How this category is changing

$74K$71K$68K$65K$62K201920202021202220232024$62K$74K
BLS OEWS May 2024 · BLS Employment Projections 2024–2034

Skills & Requirements

No skills data available

O*NET OnLine · Bureau of Labor Statistics
13-2054.00

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Federal data: BLS Occupational Employment & Wage Statistics (May 2024) · BLS Employment Projections · O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.