How Much Does an Operational Risk Consultant 5 make?

Operational Risk Consultant 5 made a median salary around $93,333 in December, 2024. The best-paid 25 percent made $106,464 probably that year, while the lowest-paid 25 percent made around $81,833. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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Best-Paying Cities for Operational Risk Consultant 5

The metropolitan areas that pay the highest salary in the Operational Risk Consultant 5 profession are Lewiston , Cottonwood , Fenn , Grangeville , Post Falls .
Lewiston, ID $109,611
Cottonwood, ID $109,611
Fenn, ID $109,083
Grangeville, ID $109,083
Post Falls, ID $107,180

Best-Paying States for Operational Risk Consultant 5

The states and districts that pay Operational Risk Consultant 5 the highest salary are District of Columbia (around $117,644) , California (around $116,587) , New Jersey (around $115,847) , Alaska (around $115,108) , and Massachusetts (around $115,002) .
District of Columbia $117,644
California $116,587
New Jersey $115,847
Alaska $115,108
Massachusetts $115,002

What is the Career Path of Operational Risk Consultant 5?

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Operational Risk Consultant 5, the first career path typically progresses to E-commerce Risk Director.

The second career path typically starts with an Insurance Risk Analyst IV position , and then progresses to VP of Insurance Risk.

The third career path typically starts with a Risk Analyst IV position , and then progresses to Chief Risk Officer.

Additionally, the fourth career path typically progresses to Workers' Compensation Claims Manager.

Besides, Operational Risk Consultant 5 can also turn to other related jobs, including Operational Risk Consultant , Operational Risk Manager , Operational Risk Modeling Manager and Operational Risk Management Director .

Frequently Asked Questions for Operational Risk Consultant 5

Q: What is the salary range of Operational Risk Consultant 5 in Twin Falls, ID?
A: In 2024 , the lowest-paid Operational Risk Consultant 5 in Twin Falls, ID earned an average annual salary of $81,833 , while the highest-paid made $106,464.
Q: What is the salary for an Operational Risk Consultant 5 in California?
A: Operational Risk Consultant 5 employed in California earned an average salary of $116,587 in 2024.

Average Operational Risk Consultant 5 Pay vs. Other Jobs

Operational Risk Consultant 5 earned an average salary of $93,333 in 2024. Other jobs related to Operational Risk Consultant 5 earned the following average salary in December, 2024. Operational Risk Consultant made $72,666 , Operational Risk Manager made $112,000 , Operational Risk Modeling Manager and Operational Risk Management Director made $145,600 and $170,100 respectively .

Relevant Jobs of Operational Risk Consultant 5

Operational Risk Consultant - Average Salary $72,666
There is currently no job description for Operational Risk Consultant, be the first to submit the job responsibilities for Operational Risk Consultant.
Operational Risk Manager - Average Salary $112,000
The Operational Risk Manager initiates policies to comply with safety legislation and industry practices. Develops and administers risk-management and loss-prevention programs. Being a Operational Risk Manager acts as the liaison to attorneys, insurance companies and individuals, investigating any incidences that may result in asset loss. Researches and reports on the most cost effective plans to minimize asset liability. In addition, Operational Risk Manager reviews and analyzes risk management programs for the effectiveness of coverage and to reduce costs and losses. Requires a bachelor's degree. Typically reports to top management. The Operational Risk Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. Working as a Operational Risk Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required.
Operational Risk Modeling Manager - Average Salary $145,600
The Operational Risk Modeling Manager implements risk modeling frameworks to guide analysis and tests, validates, and refines data models to ensure effectiveness. Manages an organization's risk modeling activities to identify, quantify, and forecast potential risk scenarios and their impact on the business. Being an Operational Risk Modeling Manager collaborates with other risk management functions to communicate models and assist with high-level risk mitigation plans for the organization. Administers policies and procedures to establish and maintain standards for risk modeling and ensure accuracy and consistency in processes and results. In addition, Operational Risk Modeling Manager continuously monitors and researches the economic and business landscape to update, review, or validate models as new data becomes available. Requires a bachelor's degree. Typically reports to a director. The Operational Risk Modeling Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Working as an Operational Risk Modeling Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
Operational Risk Management Director - Average Salary $170,100
The Operational Risk Management Director develops strategies, controls, and measures to monitor and mitigate the risk exposure of assets. Directs and administers an organization's risk-management programs. Being an Operational Risk Management Director oversees the building of financial models to predict the risk exposure of an organization's assets. Monitors the effectiveness of procedures to identify points of improvement. In addition, Operational Risk Management Director reviews risk analysis reports to ensure risks are identified and managed effectively. Promotes organization-wide understanding of risks and risk management strategies. Requires a bachelor's degree. Typically reports to senior management. The Operational Risk Management Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Working as an Operational Risk Management Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function.
Analytic Consultant 5 - Average Salary $60,901
There is currently no job description for Analytic Consultant 5, be the first to submit the job responsibilities for Analytic Consultant 5.