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

Associate Analyst

Boston, MA · On-site

$65K/yr

Associate Analyst - Boston, MA IMP is seeking versatile client-facing Associates to join our ... We work with buy-side asset managers on their Order Management Systems (OMS), Compliance, Risk ...

What You'll Be Doing The Venture Banking Credit Risk Officer is responsible for the overall ... analysts, project managers, marketing specialists, developers, bankers, operations associates ...

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Associate Risk Analyst information

See Needham, MA salary details

$16

$44

$71

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:

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.

Senior Consultant - Risk & Analytics (Property & Casualty Actuarial Consulting)

Boston, MA • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.


Willis Towers Watson rating

8.3

Company rating: 8.3 out of 10

Based on 44 frontline employees who took The Breakroom Quiz

36th of 154 rated financial services


Job description


The Role
As a Senior Consultant in the Corporate practice within Risk and Analytics, you will work on and assist project teams focused on developing and delivering reserve studies, pricing/funding analyses and captive consulting activities for our healthcare and corporate clients. You will be responsible for leading the team through data preparation as well as producing and analyzing initial results. You will work closely with a variety of senior colleagues who will help you increase your industry knowledge and sharpen your actuarial skills - all while providing a blend of client facing skills as well. You will play a role in supporting our marketing efforts and the growth of this practice area. As a project manager, you will bring order and process to the client teams with whom you work, and you will serve as a resource to analysts as you help them build their technical and client-facing expertise. As part of our Corporate practice, you will be mentored by more senior colleagues with deep relevant experience.
The Business
The Risk and Analytics Corporate Practice includes over 100 actuarial professionals focused on large market, U.S. clients. Our primary services include reserving and funding for retained losses, captive feasibility, retention optimization, and cost allocation models. We also perform actuarial analyses of loyalty programs for hospitality, airlines and financial institutions, and are actively involved in the development of capital modeling and predictive analytics solutions for our clients.
As a Senior Consultant, you will contribute to varied and interesting projects such as:
  • Self-insurance and captives reviews, including:
    • Pricing/funding analyses
    • Liability valuations
    • Captive feasibility
    • Risk retention optimization
  • Modeling of risk diversification and capital/surplus requirements
  • Analysis of loyalty reward programs for various industries
  • Internal development of practice/industry tools, benchmarks and information

The Responsibilities
We are looking for a motivated, independent learner, looking to deliver exceptional performance in the following areas:
Excellence
  • Assist with actuarial activities on various project teams
  • Prepare the first draft of client deliverables for review by more senior colleagues on project teams
  • Seek and participate in key learning and development opportunities
  • Maintain steady progress through exams (if applicable)

People
  • Build strong internal relationships and collaborate effectively on cross-functional teams
  • Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels
  • Train, mentor and serve as a best practices resource for junior colleagues, new staff and project team associates

Clients
  • Deliver superior, consistent project management for assigned clients
  • Deliver work in accordance with project deadlines
  • Grow and forge new relationships with clients; play an active role in client communications and delivery of results
  • Experienced colleagues will serve as the project manager on some projects which includes:
    • Creating project plans
    • Monitoring progress to deadlines and budget
    • Increased client interaction
    • Scheduling and managing regular status meeting calls
    • Ensuring appropriate and effective communication among team members and the client
    • Delivering projects that meet or exceed client expectations
    • Increasing efficiency within client teams by identifying ways to improve processes

Financial
  • Meet billable hour goals
  • Perform work efficiently and look for process efficiencies
  • As project manager, support project profitability through effective project management
  • Contribute to sales and marketing efforts by drafting proposals and responding to RFPs

Qualifications
The Requirements
  • Actuarial exam progress toward ACAS and/or FCAS credentials is highly encouraged
  • Excellent skills across the Microsoft Office suite
  • Programing skills such as VBA, R or Python and proficient knowledge of manipulating databases like SQL would be an advantage
  • Strong written and oral communication skills
  • Well organized and detail oriented
  • Proven experience successfully working on multiple projects at the same time while producing quality deliverables on time and within budget
  • Ability to respond to all communications effectively and in a timely manner
  • Strong client service orientation
  • Ability to ask the right questions and seek help where appropriate
  • Flexibility and proven ability to diagnose and resolve issues
  • Interest and ability to think beyond the task at hand and understand how one's work fits into the broader landscape
  • Strong analytical skills, including the ability to draw conclusions and identify trends from data in a logical, systematic way
  • Ability to work both independently and on client teams and enjoy a fast-paced environment
  • Undergraduate degree required

Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.
This is a remote role and can be based in any of the locations listed.
Compensation and Benefits
Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).
Compensation
The base salary compensation range being offered for this role is $125,000- $225,500 USD per year. This role is also eligible for an annual short-term incentive bonus.
Company Benefits (US locations)
WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
  • Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
  • Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (Washington State only)
  • Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).

We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.
Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records.
EOE, including disability/vets

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