What is an operational risk consultant job?
An operational risk consultant job involves assessing a business's risks and vulnerabilities, and developing strategies to mitigate those risks. Operational risks refer to the potential financial, operational, and reputational losses that a business may face as a result of inadequate or failed internal processes, people, systems, or external events.
What usually do in this position?
As an operational risk consultant, you will typically work with clients to identify, assess, and manage operational risks. You will help develop risk management frameworks, policies, and procedures, and conduct risk assessments to identify potential risks and vulnerabilities. You will also help design and implement controls and monitoring systems to mitigate risks.
Top 5 skills for the position
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills
- Sound understanding of risk management principles and methodologies
- Ability to work independently and within a team environment
- Attention to detail and ability to think critically
How to become this type of specialist
To become an operational risk consultant, you typically need a degree in business, finance, or a related field. Relevant experience in the financial services industry, risk management, or consulting is also highly desirable. Professional certifications such as Certified Risk Management Professional (CRMP) or Certified Risk Management Consultant (CRMC) can also be helpful.
Average salary
According to Glassdoor, the average salary for an operational risk consultant in the United States is $85,000 per year.
Roles and types
Operational risk consultant jobs can be found in a variety of industries, including finance, healthcare, and retail. Some common roles include risk management consultant, risk analyst, and operational risk manager. Types of operational risks can include fraud, cyber risk, regulatory compliance, and supply chain disruptions.
Locations with the most popular jobs in USA
Operational risk consultant jobs can be found throughout the United States, but some of the most popular locations include New York City, Chicago, Houston, Atlanta, and San Francisco.
What are the typical tools
Operational risk consultants may use a variety of tools and software to help them assess, manage, and monitor risks. Some common tools include risk assessment frameworks, risk registers, incident reporting systems, and data analytics software.
In conclusion
Operational risk consultant jobs are important roles in helping businesses identify and manage operational risks. With a strong background in risk management, finance, or consulting, and excellent analytical and communication skills, you can pursue a rewarding career in this field.