How much does an Operational Risk Consultant make? The average Operational Risk Consultant salary is $86,975 as of October 28, 2020, but the salary range typically falls between $79,400 and $97,236. 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.
Salary range for a Operational Risk Consultant
$79,400 to $97,236
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What does an Operational Risk Consultant do?
Operational Risk Consultant
Demonstrated information technology frontline or secondline experience in areas such as infrastructure management, network management, application development (waterfall or agile), architecture, data management, data quality, cloud based services or information security.
March 09, 2020
Provide risk opinion, credible challenge on issue and corrective action mitigation/remediation plans and providing advice on mitigation effectiveness and alternative mitigation approaches as well as assisting, coaching, counseling and mentoring stakeholders.
April 16, 2020
Support third party vendor management, which includes e-sourcing, TRIMS (IRQ's ) for all vendors for contracts and Alternative Practice process - Brokers and Research Providers, and Payment Processing/Reconciliation.
April 27, 2020
Build and foster strong relationships and collaborate effectively by partnering with line of business partners to provide a risk perspective and recommendations as appropriate.
May 03, 2020
Develop tools and processes that assist in fiduciary investment/ trading oversight, mitigation and reporting, while working closely with Legal, Compliance and Regulators to assure strong fiduciary principles are being followed.
May 22, 2020
Review and credibly challenge front-line plans to address gaps and improve the effectiveness of technology risk management, paying particular attention to trends in financial services and other highly regulated industries.
May 28, 2020
Evaluate the adequacy and effectiveness of processes, assurance activities, initiatives, products, policies, procedures and internal controls and identify issues resulting from internal and/or external examinations.
June 02, 2020
Operational Risk Consultant Salary in Major Cities
This chart shows the salary comparison for Operational Risk Consultant between major cities. San Francisco City consistently ranks #1 as of October 28, 2020. Click on the chart to see the detail salary data for Operational Risk Consultant in each city.
Operational Risk Consultant Salary by State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
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- Maine
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- New Hampshire
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- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Operational Risk Consultant Salary by City
Click to see the salary for Operational Risk Consultant in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $108,719 |
| Washington, DC | $96,821 |
| Miami, FL | $84,671 |
| Chicago, IL | $92,271 |
| Boston, MA | $97,995 |
| New York, NY | $104,631 |
| Dallas, TX | $86,410 |
If you'd like know Operational Risk Consultant Salary in other cities, then please select a city in
Average Salary Range for Operational Risk Consultant
Average Base Salary
Core compensation
79400
97236
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Operational Risk Consultant in 2020?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Operational Risk Consultant in the United States. The base salary for Operational Risk Consultant ranges from $79,400 to $97,236 with the average base salary of $86,975. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $82,266 to $99,088 with the average total cash compensation of $87,307.
View Average Salary for Operational Risk Consultant as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $86,975 | $79,400 - $97,236 |
| Bonus | $332 | $2,866 - $1,852 |
| Total Pay | $87,307 | $82,266 - $99,088 |
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.
Estimate Salary for Operational Risk Consultant online for free
Salary.com Estimate Salary Tool provides free, accurate and real-time salary for thousands of careers. Please enter the following pay factors for Operational Risk Consultant, to get a real-time salary target. If you want to get more detailed salary information, please view Professional Salary Report
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Comments about Operational Risk Consultant
What's the difference between Operational Risk Manager and Operational Risk Consultant?
According to our latest salary estimation on October 28, 2020. The average salary of Operational Risk Consultant is $86,975, and the average salary of Operational Risk Manager is $112,800. The average salary of Operational Risk Manager is higher than Operational Risk Consultant. ( 2020-10-28 salary.com )
I am an Operational Risk Consultant, which location’s salary is higher, Barnstable, MA or New Britain, CT?
New Britain, CT typically sees higher pay than Barnstable, MA for Operational Risk Consultant. an Operational Risk Consultant Salary in New Britain, CT is $93,934 as of October 28, 2020; an Operational Risk Consultant Salary in Barnstable, MA is $91,717 as of October 28, 2020. ( 2020-10-28 salary.com )
Operational Risk Consultant Frequently Asked Questions
Why does the salary of an Operational Risk Consultant vary from city to city?
The cost of living is tied to salaries. If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there. This is why you're always going to make more money in New York City for example, than in a small town. ( 2020-10-28 salary.com )
What are the Pay Factors for Operational Risk Consultant?
Salary ranges for an Operational Risk Consultant can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience. Click here to view Eight Factors That Can Affect Your Pay ( 2020-10-28 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company, but there are several important pay factors that come into play based on your individual history that could impact your value to the company. Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2020-10-28 salary.com )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
Last Update: October 28, 2020