This role has a high level of AI exposure. While some human skills are required, many tasks could be automated or replaced by new technology.
Explore all careersAn Operational Risk Manager identifies risks to an organisation, develops procedures to mitigate those risks, and prepares reports for senior management.
Get qualified to work as an Operational Risk Manager with a course recognised across Australia. Speak to a training provider to learn more.
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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 $2,615 per week ($135,980 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
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.