Operational Risk Analyst

Operational Risk Analyst roles may require a combination of project management and risk management skills. These roles typically need an understanding of the organization's operations in order to identify and assess risks, develop mitigation plans, and monitor risks and controls. Many online courses in project risk management can help learners to gain this foundational understanding.

Roles and Responsibilities

As enterprises grow and expand, the nature of business itself becomes more complex. Operational Risk Analysts ensure that complex systems continue to run smoothly by identifying and managing operational risks—risks that threaten day-to-day operations and can result in financial loss or harm to reputation. Key roles and responsibilities may include:

• Identifying, assessing, and mitigating risks to the organization
• Conducting risk assessments and developing risk management plans
• Monitoring risks and controls and reporting on risk exposure
• Working with other departments to implement risk management strategies
• Staying up-to-date on regulatory changes and best practices in risk management

Education and Training

Operational Risk Analyst roles may be available to candidates holding a Bachelor's degree in a field such as finance, economics, or business administration, or a related field, along with experience in risk management, internal audit, or a related area. Some employers may prefer candidates with a Master's degree in a related field.

Skills and Knowledge