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Associate Risk Analyst Jobs in Needham, MA (NOW HIRING)

Berkshire Bank

Credit Risk Analyst II

Boston, MA · On-site

$55K - $102K/yr

Reporting and Analytics Status: Exempt Grade: 10 Salary Range: $55,588 - $102,474 Actual ... Certifications such as Risk Management Associate (RMA), Credit Risk Certification (CRC), Certified ...

BDO USA

Senior, Risk Advisory Services

Boston, MA · On-site

Obtains information, documents and data from clients to support the completion of analysis and ... Ensures Risk Advisory Services Associates are trained on all relevant audit software and engagement ...

BDO

Senior, Risk Advisory Services

Boston, MA · On-site

Obtains information, documents and data from clients to support the completion of analysis and ... Ensures Risk Advisory Services Associates are trained on all relevant audit software and engagement ...

AIG

Associate Actuary - Risk Management

Boston, MA · On-site

$115K - $145K/yr

Associate Actuary - Risk Management At AIG, we are reimagining the way we help customers to manage ... Strong analytical skills, knowledge of drivers of risk and knowledge of the insurance market.

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Associate Risk Analyst information

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$44

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How much do associate risk analyst jobs pay per hour?

As of Sep 9, 2026, the average hourly pay for associate risk analyst in Needham, MA is $44.10, according to ZipRecruiter salary data. Most workers in this role earn between $32.45 and $53.70 per hour, depending on experience, location, and employer.

What does an associate risk analyst do?

An Associate Risk Analyst helps organizations identify, assess, and manage potential risks that could affect their operations or financial stability. Their daily tasks often include analyzing data, preparing risk reports, evaluating risk management policies, and supporting senior analysts in developing strategies to mitigate potential threats. They typically work in industries such as finance, insurance, or consulting, and use various analytical tools to detect and evaluate risks. Strong analytical, communication, and problem-solving skills are important for success in this role.

What are the key skills and qualifications needed to thrive as an associate risk analyst, and why are they important?

To thrive as an Associate Risk Analyst, you need strong analytical abilities, attention to detail, and a background in finance, economics, or a related field—often supported by a bachelor’s degree. Familiarity with risk assessment software, data analysis tools like Excel or SAS, and knowledge of regulatory frameworks are typically required. Effective communication, problem-solving, and teamwork are vital soft skills that help you convey findings and collaborate across departments. These skills ensure accurate risk evaluation, compliance, and informed decision-making to protect organizational interests.

What are some common challenges an associate risk analyst faces during the first year on the job?

New Associate Risk Analysts often encounter challenges such as adapting to fast-paced environments, understanding complex risk models, and learning to interpret large volumes of data accurately. Balancing multiple projects and meeting deadlines while maintaining attention to detail can also be demanding. Additionally, collaborating effectively with team members from different departments, such as compliance and finance, requires strong communication skills and a willingness to learn from experienced colleagues.

What is the difference between Associate Risk Analyst vs Risk Analyst?

AspectAssociate Risk AnalystRisk Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; some certifications like FRM or CRMBachelor's or master's degree; often holds certifications like FRM, CRM, or CRC
Work EnvironmentEntry-level position in finance, insurance, or banking firms; supervised environmentMore experienced role; involved in complex risk assessments and decision-making
Employer & Industry UsageCommon in banking, insurance, and financial servicesUsed across similar industries, often with more responsibility

The main difference between an Associate Risk Analyst and a Risk Analyst lies in experience and responsibility. The Associate Risk Analyst is an entry-level role focusing on supporting risk assessments, while the Risk Analyst handles more complex analysis and decision-making. Both roles require similar educational backgrounds and certifications, but the Risk Analyst typically has more experience and autonomy in their work.

Do risk analysts make good money?

Risk analysts typically earn a competitive salary that varies by industry, experience, and location. Entry-level positions often start around $60,000 annually, with experienced analysts earning over $100,000, especially in finance or insurance sectors. Skills in data analysis, risk assessment, and certifications like FRM or CFA can enhance earning potential.

How much do associate risk analysts get paid?

Associate risk analysts typically earn a median annual salary of around $60,000 to $70,000, depending on experience, location, and industry. Entry-level positions may start lower, while those with specialized skills or certifications can earn higher salaries. Compensation often includes benefits such as health insurance and retirement plans.

Is risk analyst a hard job?

A risk analyst role involves analyzing data to identify potential risks and developing strategies to mitigate them, which requires strong analytical skills, attention to detail, and proficiency with data analysis tools. The job can be demanding due to the need for accuracy, problem-solving, and often working under tight deadlines, but it is manageable with proper training and experience.

What are the most commonly searched types of Risk Analyst jobs in Needham, MA?

The most popular types of Risk Analyst jobs in Needham, MA are:

What are popular job titles related to Associate Risk Analyst jobs in Needham, MA?

For Associate Risk Analyst jobs in Needham, MA, the most frequently searched job titles are:

What cities near Needham, MA are hiring for Associate Risk Analyst jobs?

Cities near Needham, MA with the most Associate Risk Analyst job openings:

Associate Risk Analyst jobs near you
Infographic showing various Associate Risk Analyst job openings in Needham, MA as of August 2026, with employment types broken down into 100% Full Time. Highlights an 74% In-person, and 26% Remote job distribution, with an average salary of $91,735 per year, or $44.1 per hour.

Credit Risk Analyst II

Boston, MA • On-site

Berkshire Bank
See more jobs at Berkshire Bankexternal

$55K - $102K/yr

Full-time

Posted 5 days ago

Berkshire Bank rating

6.7

Company rating: 6.7 out of 10

Based on 17 frontline employees who took The Breakroom Quiz

138th of 176 rated banks

Job description

Officer: Officer
Division: Credit Risk Management
Department: Strategic Services
Reports to: Credit Risk Manager: Reporting and Analytics
Status: Exempt
Grade: 10
Salary Range: $55,588 - $102,474
Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.
Location: Boston, MA or Albany, NY
Principal Objective
This position plays a pivotal role in the execution of Beacon Bank & Trust's credit risk monitoring, analysis, and reporting programs. A Credit Risk Analyst II in the Reporting and Analytics group will be hands-on in supporting and enhancing the Bank's credit risk management and reporting capabilities. This role will leverage the analyst's proficiency in data, systems, and reporting tools combined with their practical knowledge of credit risk management principles.
A successful analyst will be a solution driven, intellectually curious self-starter who is proficient in accomplishing concurrent objectives. This individual should possess analytical skills, while consistently demonstrating a high degree of flexibility, teamwork, efficiency, and commitment to excellence and continuous improvement. This position necessitates attention to detail and effective communication skills to all levels of management.
Key Accountabilities:
  • Utilizes analytical tools such as Excel, Python, R, and/or SQL to execute and maintain reporting that provides key stakeholders timely and actionable insights on the credit risk in the portfolio.
  • Executes established reporting procedures and analytics activities on schedule.
  • Ability to provide underlying data and analytical support for key portfolio monitoring programs.
  • Ability to assist senior staff in preparation of custom reporting on short timelines.
  • Works collaboratively with other teams in Credit Risk Analytics and throughout the bank (e.g., Finance, Commercial Lending, Enterprise Analytics, etc.) as they relate to the Bank's credit risk data.
  • Ability to work with senior analysts to identify, research, and resolve any inconsistencies in the Bank's data to support the Bank's Data Governance Program in maintaining a high data quality standard, including working with servicing to process any updates.
  • Develops an active knowledge of the Bank's portfolio and credit metrics to identify outliers in data, reports, etc.
  • Develops an understanding of SOX and audit requirements around reporting that is used by the Bank to make key decisions and for inclusion in the Bank's financial reporting.
  • Assists with new employee onboarding and training.
  • Ensures compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one's duties.

Education:
  • Bachelor's degree required. Master's preferred.

Experience:
  • 2+ years of financial analysis or related reporting work at a financial institution; preferably with experience in Credit Risk Management, Credit Administration, Lending, Loan Review, Loan Operations, or other relevant experience.

Skills & Knowledge:
  • Strong Excel skills with proficiency in standard Microsoft Office products.
  • Working knowledge of Power BI, Python, R, and/or SQL.
  • Strong analytical skills, with attention to detail and accuracy.
  • Excellent communication and interpersonal skills, both written and verbal.
  • Understanding of Credit Risk Fundamentals
  • Experience working with regulators and/or external auditors is a plus.
  • Familiarity with FIS loan accounting system is a plus.
  • Certifications such as Risk Management Associate (RMA), Credit Risk Certification (CRC), Certified Internal Auditor (CIA), Project Management Professional (PMP), Financial Risk Manager (FRM), or similar relevant certification(s) a plus

Beacon Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin. If you would like to contact us regarding the accessibility of our website, need assistance completing the application process, or would like to request alternative methods of applying, please contact us at hr@berkshirebank.com.

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