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Operational Risk Managers identify risks and threats to an organisation’s operations, workforce, production, and service output. They develop operational procedures and business continuity plans that directly address each risk area.
As an Operational Risk Manager you could be explaining an emerging risk area to the executive team, working on the safety and insurance budget, investigating the root cause of a workplace incident, or carrying out a compliance audit. You’ll be also be preparing lots of reports and presentations for senior management.
There are 2 courses available for people who want to become an Operational Risk Manager.
Possible job outcomes:
The 10862NAT Certificate IV in Risk Management Essentials is a nationally recognised qualification that will teach you to manage risk in any context. During this self-paced course you’ll learn how to respond to the findings of a risk management audit and then integrate risk management practices into your organisation’s management and operations. The course also covers: research and analysis, team leadership, stakeholder engagement, risk management principles. Enquire now for the full list of study units, delivery options, and upcoming enrolment dates..
Average duration: 18 months.
Become a financial risk manager with the FNS60822 Advanced Diploma of Integrated Risk Management. This nationally recognised qualification will help you develop high-end skills in business ethics and conduct, corporate governance, compliance, strategic planning and business continuity. Competencies include: evaluating and reviewing organisational compliance, assessing business risks, developing a risk mitigation plan, managing risk exposure strategies, establishing compliance management systems. Enquire now for entry requirements, corporate career outcomes, and training providers near you that deliver this qualification..
Average duration: 24 months.
Operational Risk Managers need skills in business and risk management. Try the Certificate IV in Compliance and Risk Management, the Diploma of Work Health and Safety, or the Advanced Diploma of Integrated Risk Management. These courses take 12-18 months to complete. Operational Risk Managers are often degree qualified.
In Australia, a full time Operational Risk Manager generally earns $1,550 per week ($80,600 annual salary) before tax. This is a median figure for full-time employees and should be considered a guide only.
There are no clear figures for Operational Risk Managers working in Australia at this time. Operational Risk Managers are usually employed by larger businesses and corporations (particularly in IT, manufacturing, construction, utilities and health services), but they often work as independent consultants.
Source: Australian Government Labour Market Insights
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Here are some potential career pathways within risk management. Click on an occupation to learn more about the role and the qualifications that can help you get started in this industry.
Risk Management
Actuary
$1,920 weekly pay
Business Analyst
Business Data Analyst
$1,500 weekly pay
Credit Risk Analyst
Enterprise Risk Manager
Financial Analyst
$1,450 weekly pay
Financial Risk Manager
$1,550 weekly pay
Operational Risk Manager
Resilience Officer
Risk Analyst
Senior Business Analyst
Senior Risk Manager
$2,300 weekly pay
Learn more about Operational Risk Manager courses in your area.