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Bank Risk Management Jobs in Boston, MA (NOW HIRING)

Needham Bank

Senior Manager, Vendor Management

Needham, MA · On-site

$100K - $140K/yr

Manage the day to day Third Party Risk Management (TPRM) activities required to support required ... Ability to adhere to Needham Bank's Core Values (Quick-Decision Making, Reliability, Relationship ...

Rockland Trust

IT Risk Analyst

Plymouth, MA

With a broad range of banking, wealth management, and investment solutions, Rockland Trust combines ... The IT Risk Analyst's primary responsibility will be to conduct various risk assessments, including ...

Rockland Trust

IT Risk Analyst

Plymouth, MA · On-site

With a broad range of banking, wealth management, and investment solutions, Rockland Trust combines ... The IT Risk Analyst's primary responsibility will be to conduct various risk assessments, including ...

Citizens

First Line Risk Senior Manager

Westwood, MA · Hybrid

$115K - $145K/yr

Description At Citizens, we're more than a bank! As a part of our team, you're made ready for a ... Experience with Governance, Risk Management, and Compliance (GRC) platforms * Knowledge and ...

Citizens

First Line Risk Senior Manager

Westwood, MA · Hybrid

$115K - $145K/yr

Description At Citizens, we're more than a bank! As a part of our team, you're made ready for a ... Experience with Governance, Risk Management, and Compliance (GRC) platforms * Knowledge and ...

Bank of America

Relationship Banker

Bedford, MA · On-site

$19.50 - $25.50/hr

Responsibilities: * Executes the bank's risk culture and strives for operational excellence ... Manages financial center traffic, appointments, and outbound calls effectively * Drives the client ...

Bank of America

Relationship Banker

Plymouth, MA · On-site

$20.25 - $26.50/hr

Executes the bank's risk culture and strives for operational excellence Builds relationships with ... Efficiently manages time and capacity. Focuses on results, while acting in the best interest of the ...

State Street Global Advisors

Market Risk

Boston, MA · On-site +1

$82K - $180K/yr

Market Risk (State Street Bank and Trust Company; Boston, MA): This self-motivated Market Risk ... Substantial interaction with traders and other support functions; helping develop risk management ...

State Street Corporation

Market Risk

Boston, MA · On-site

$82K - $180K/yr

Market Risk (State Street Bank and Trust Company; Boston, MA): This self-motivated Market Risk ... Substantial interaction with traders and other support functions; helping develop risk management ...

Bank of America

Relationship Banker - Palomar

Lexington, MA

$20.75 - $27.25/hr

Responsibilities: * Executes the bank's risk culture and strives for operational excellence ... Manages financial center traffic, appointments, and outbound calls effectively * Drives the client ...

Bank of America

Relationship Banker - Palomar

Lexington, MA · On-site

$20.75 - $27.25/hr

Responsibilities: * Executes the bank's risk culture and strives for operational excellence ... Manages financial center traffic, appointments, and outbound calls effectively * Drives the client ...

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All JobsBank Risk Management JobsBank Risk Management Jobs in Boston, MA

Bank Risk Management information

See Boston, MA salary details

$56K

$121.2K

$184.7K

How much do bank risk management jobs pay per year?

As of Jun 30, 2026, the average yearly pay for bank risk management in Boston, MA is $121,195.00, according to ZipRecruiter salary data. Most workers in this role earn between $97,800.00 and $140,100.00 per year, depending on experience, location, and employer.

What does a risk manager do in a bank?

A risk manager in a bank identifies, assesses, and monitors financial and operational risks to minimize potential losses. They develop risk management strategies, ensure compliance with regulations, and use tools like risk assessment models and data analysis to support decision-making.

How much does Goldman Sachs pay risk management?

Risk management professionals at Goldman Sachs typically earn a base salary ranging from $80,000 to over $150,000 annually, depending on experience and seniority. Bonuses and incentives can significantly increase total compensation, especially for those with specialized skills or certifications like FRM or CFA. Compensation varies by location and role complexity within the firm.

What does a risk management officer do in a bank?

A risk management officer in a bank assesses and monitors financial risks such as credit, market, and operational risks to ensure the bank's stability. They develop risk mitigation strategies, analyze data using specialized tools, and ensure compliance with regulatory standards to protect the bank's assets and reputation.

What are some common challenges faced in a Bank Risk Management role?

One of the primary challenges in Bank Risk Management is staying updated with constantly evolving regulatory requirements and ensuring the bank's practices remain compliant. Additionally, professionals in this field must analyze complex financial data to anticipate and mitigate potential risks, which requires accuracy and keen attention to detail. Collaboration with other departments, such as credit, compliance, and operations teams, is frequent and essential for gathering information and implementing risk strategies. Successfully navigating these challenges improves organizational resilience and protects the bank's financial stability.

What are the key skills and qualifications needed to thrive in the Bank Risk Management position, and why are they important?

To thrive in Bank Risk Management, you generally need strong analytical skills, knowledge of finance and banking regulations, and a degree in finance, economics, or a related field. Familiarity with risk assessment tools, statistical software (such as SAS or R), and certifications like FRM (Financial Risk Manager) or CFA are highly valued. Excellent communication, critical thinking, and problem-solving abilities are important soft skills for interpreting data and presenting recommendations to stakeholders. These capabilities are essential for identifying, assessing, and mitigating risks that could impact the financial health and regulatory compliance of the bank.

Is risk management high paying?

Risk management professionals in banking often earn competitive salaries, especially with experience and certifications such as FRM or CFA. Salaries can vary based on the level of responsibility, location, and the size of the institution, but generally, risk management roles are considered well-compensated within the finance industry.

What is a Bank Risk Management job?

A Bank Risk Management job involves identifying, assessing, and mitigating financial risks that could impact a bank's operations and stability. Professionals in this role analyze credit, market, operational, and regulatory risks to ensure the bank complies with industry standards and maintains financial security. They develop risk models, monitor exposure, and implement strategies to minimize potential losses. Strong analytical skills, regulatory knowledge, and financial expertise are essential for this role.

What are the most commonly searched types of Bank Risk Management jobs in Boston, MA? The most popular types of Bank Risk Management jobs in Boston, MA are:
What are popular job titles related to Bank Risk Management jobs in Boston, MA? For Bank Risk Management jobs in Boston, MA, the most frequently searched job titles are:
What job categories do people searching Bank Risk Management jobs in Boston, MA look for? The top searched job categories for Bank Risk Management jobs in Boston, MA are:
Bank Risk Management jobs near you
Senior Manager, Vendor Management

Senior Manager, Vendor Management

Needham Bank

Needham, MA • On-site

$100K - $140K/yr

Full-time

Posted 5 days ago

Job description


Job Summary: Manage the day to day Third Party Risk Management (TPRM) activities required to support required risk assessments of new and potential vendors for onboarding, performance and ongoing monitoring, and the proper renewal and/or decommissioning/termination of vendors. All activities shall be performed in accordance with FFEIC, other regulatory requirements, and evidenced by proper supporting documentation and reports.
Qualifications:
To perform this job successfully, the individual must be able and willing to perform all essential duties satisfactorily. This document is not intended to be an exhaustive list of all essential duties required. Reasonable accommodations, as determined by management on a case-by-case basis, may be made to enable individuals with disabilities to perform essential duties.
ESSENTIAL DUTIES & RESPONSIBILITIES
  • Overall responsibility for day to day first line Third Party Risk Management program activities, ensuring compliance with FFIEC regulations, and as further defined and required by the Compliance and Risk Departments in related Program and Policy documentation.
  • Document and update Vendor Management Procedures as needed.
  • Ensure internal team, stakeholders and vendors are trained on all procedures and processes related to TPRM process and technologies. Create proper training materials and participate in presentations as needed.
  • Works with the VP of Vendor and Procurement Management to improve and refine practices and procedures to ensure the proper risk assessments are completed in a timely manner.
  • Oversee department communications tools and ensure responses are completed in a timely manner.
  • Manage and maintain the TPRM technology system of record used in the department, inclusive of content, workflows, documentation collection, and risk assessment task completions, contract renewals/terminations and required reporting.
  • Oversee system upgrades and enhancements. Monitor utilization of services, budget status, and performance outcomes of third parties used to support the function.

Manage the timely creation of data and reporting as needed supporting status of onboarding, ongoing monitoring and termination/decommission status and activities. Review status and reports with stakeholders as required or assigned to achieve goals. Prepare proposals and complex analysis that may be non-routine to support projects or decisions.
  • Maintain, update and monitor user profiles for system, network and portal access, core computing application (e.g. COCC), general ledger application, wire transfer applications, and Federal Reserve Fedline Advantage, and Vendor Portals
  • Takes notes and minutes of meetings as assigned and follows up on open action items until resolved.
  • Perform additional duties as requested, needed or assigned

Experience and Skills
JOB REQUIREMENTS
  • Knowledge of vendor management/supplier relationship management in regulated industries.
  • Familiarity in the set up and maintenance of TPRM or Risk Management systems and vendors.
  • Ability to analyze, interpret and communicate departmental and district policies, rules, and regulations.
  • Contract language, interpretation of terms and conditions, and renewal planning experience.
  • Ability to compose letters and memos, and PowerPoint presentations.
  • Maintains a high degree of confidentiality on sensitive issues.
  • Good oral, presentation and written communication skills. Must be able to influence and communicate with all levels of management internally and externally.
  • Ability to adhere to Needham Bank's Core Values (Quick-Decision Making, Reliability, Relationship-Based Focus & Quality Service)
  • Ability to function independently, adapt to change, work with ambiguity, use sound judgment and demonstrate thought leadership.

EDUCATION & EXPERIENCE
  • Bachelor's degree or equivalent work experience;
  • 5 or more years in banking and/or highly regulated environment experience
  • Demonstrated analytical and leadership skills.
  • Direct Report management and development experience
  • Certified Regulatory Vendor Program Manager (CRVPM) or Certified Professional in Supply Management (CPSM) is helpful but not required.

WORKING CONDITIONS/PHYSICAL DEMANDS
  • Must be able to routinely perform work on computer for an average of 6-8 hours per day, when necessary
  • Must be able to work extended hours if required or by management
  • Must be capable of regular, reliable and timely attendance
  • Strong Microsoft Office (Excel, Word, PowerPoint, Outlook, and OneNote) knowledge and ability to provide reporting in various forms
  • Ability to interact with the staff, co-workers, and vendors in a service-oriented manner
  • High level of organizational proficiency and ability to multitask successfully

Pay Range: $100,379.70 - $140,531.58
The pay range provided is based on what we believe is a reasonable estimate for the pay range for this job at the time of posting.
Actual pay may vary based on experience, skills, and market factors; additional compensation may apply.
At NB, we are dedicated to building a diverse, inclusive and authentic workplace - if you are excited about this role, but your past experience doesn't align perfectly with every qualification in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles.
Needham Bank is an Equal Opportunity/Affirmative Action Employer. Needham Bank will provide all applicants for employment and all employees with equal opportunity for employment and promotion regardless of race, color, religion, gender, national origin or ancestry, age, disability, veteran status, military service, sexual orientation, genetic information, or gender identity.

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