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What does an Operational Risk Analyst do?

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Brenna Goyette
Certified Professional Resume Writer, Career Expert

Published 3 min read

An operational risk analyst is responsible for identifying, assessing, and managing operational risks within an organization. They work closely with other departments to ensure that risks are properly identified and mitigated. Operational risk analysts typically have a background in business or finance.

Operational Risk Analyst job duties include:

  • Identify operational risk factors and develop strategies to mitigate risks
  • Conduct analysis of historical data to identify trends and root causes of operational risk events
  • Perform impact analysis to assess the potential financial impact of operational risk events
  • Develop and maintain an inventory of operational risk controls
  • Monitor compliance with operational risk controls and policies
  • Identify control gaps and recommend corrective actions
  • Prepare reports on operational risk exposures and control effectiveness for senior management
  • Participate in business continuity planning and incident response activities
  • Support audit activities related to operational risk

Operational Risk Analyst Job Requirements

Operational Risk Analysts typically have a bachelor's degree in a quantitative field such as mathematics, finance, or statistics. Some employers may require certification in risk management or a related field. Operational Risk Analysts typically have 2-5 years of experience working in risk management or a related field.

Operational Risk Analyst Skills

  • Analytical skills
  • Probability and statistics
  • Finance
  • Economics
  • Mathematics
  • Computer science
  • Operations research
  • Decision analysis
  • Systems engineering
  • Industrial engineering
  • Management science

Related: Top Operational Risk Analyst Skills: Definition and Examples

How to become an Operational Risk Analyst

Operational risk analysts are responsible for identifying, assessing and managing operational risks within an organisation. They work closely with other risk management professionals to ensure that risks are effectively managed and controlled.

To become an operational risk analyst, you will need to have strong analytical skills and a good understanding of risk management principles. You will also need to be able to effectively communicate with different stakeholders within an organisation.

If you are interested in becoming an operational risk analyst, you should consider pursuing a degree in risk management or a related field. There are also many professional development courses available which can help you develop the skills and knowledge required for this role.

Related: Operational Risk Analyst Resume Example

Related: Operational Risk Analyst Interview Questions (With Example Answers)

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Editor

Brenna Goyette

Expert Verified

Brenna is a certified professional resume writer, career expert, and the content manager of the ResumeCat team. She has a background in corporate recruiting and human resources and has been writing resumes for over 10 years. Brenna has experience in recruiting for tech, finance, and marketing roles and has a passion for helping people find their dream jobs. She creates expert resources to help job seekers write the best resumes and cover letters, land the job, and succeed in the workplace.

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