Postcode:
Resident:
Employed:
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. Learn more.
Are you in the financial services industry and need risk management competencies? The Advanced Diploma of Integrated Risk Management (FNS60820) will teach you how to assess financial risk, then develop and implement risk mitigation plans. Competencies include: undertaking risk identification, determining risk exposure strategies, developing policies and procedures that address risk concerns, establishing compliance management systems. You’ll also have the opportunity to gain additional skills in compliance management, corporate governance, business ethics, financial systems, strategic management and business continuity. Enquire now for the list of entry requirements, career outcomes, and course providers that offer this advanced diploma. Learn more.
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 Job Outlook 2020
We’ll find nearby campuses and check if you’re eligible for funding in your state.
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
Enterprise Risk Manager
$1,900 weekly pay
Financial Risk Manager
$1,550 weekly pay
Operational Risk Manager
Resilience Officer
Senior Risk Manager
Learn more about Operational Risk Manager courses in your area.