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Business Risk Manager Jobs in Massachusetts (NOW HIRING)

Manage the vendor risk assessment lifecycle for AI/ML related suppliers, ensuring documented ... Bachelor's degree in Information Security, Computer Science, Business Risk, Compliance, or a ...

... Validation Risk Manager, you will play a pivotal role within our Risk & Regulatory practice ... With your growing knowledge of how business works, you play an important role in identifying ...

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Business Risk Manager information

See Massachusetts salary details

$32.2K

$116.2K

$191.5K

How much do business risk manager jobs pay per year?

As of Sep 3, 2026, the average yearly pay for business risk manager in Massachusetts is $116,165.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,795.00 and $134,097.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a business risk manager?

To thrive as a Business Risk Manager, you need strong analytical skills, risk assessment expertise, and a background in finance, business, or a related field, often backed by a bachelor's degree or higher. Familiarity with risk management frameworks, regulatory compliance systems, and certifications like FRM (Financial Risk Manager) or CRM (Certified Risk Manager) is typically required. Exceptional communication, problem-solving, and stakeholder management skills help you effectively identify, mitigate, and communicate risks across an organization. These competencies are crucial for proactively managing threats, ensuring regulatory compliance, and supporting the long-term stability and success of the business.

How does a business risk manager typically collaborate with other departments to address organizational risks?

As a Business Risk Manager, cross-functional collaboration is a key part of the role. You’ll regularly work with departments such as finance, compliance, operations, and IT to identify potential risks, assess their impact, and develop mitigation strategies. This often involves facilitating risk assessment workshops, sharing reports, and ensuring that risk controls are integrated into business processes. Effective communication and relationship-building skills are essential, as you’ll act as a bridge between senior management and operational teams to align risk management efforts with organizational goals.

What is the difference between Business Risk Manager vs Risk Analyst?

AspectBusiness Risk ManagerRisk Analyst
CredentialsCertifications like CRM, FRM, or CRC; bachelor's degree in business, finance, or related fieldCertifications such as FRM or CRM; bachelor's degree in finance, economics, or related field
Work EnvironmentStrategic planning, risk assessment, and policy development in corporate settingsData analysis, risk modeling, and reporting in finance or insurance firms
Employer & IndustryCorporations, financial institutions, insurance companiesFinancial services, consulting firms, insurance companies

The Business Risk Manager focuses on developing risk strategies and policies at a strategic level, while the Risk Analyst primarily conducts data analysis and risk assessments. Both roles require similar certifications and often work within the same industries, but their responsibilities differ in scope and focus.

Do business risk managers make good money?

Business risk managers typically earn a competitive salary that varies based on experience, industry, and location. According to industry data, median annual salaries range from $80,000 to over $120,000, with higher earnings possible for those with advanced certifications or in senior roles. The profession often requires strong analytical skills and knowledge of risk assessment tools.

How much do business risk managers make?

Business risk managers typically earn a median annual salary of around $100,000, with salaries ranging from approximately $70,000 to over $140,000 depending on experience, industry, and location. Advanced certifications and strong analytical skills can lead to higher compensation in this role.

What does a business risk manager do?

A business risk manager identifies, assesses, and develops strategies to mitigate potential risks that could impact an organization's operations, financial health, or reputation. They analyze data, implement risk management frameworks, and work with various departments to ensure compliance and resilience. Strong analytical skills and knowledge of industry regulations are essential for this role.

What job categories do people searching Business Risk Manager jobs in Massachusetts look for?

The top searched job categories for Business Risk Manager jobs in Massachusetts are:

Infographic showing various Business Risk Manager job openings in Massachusetts as of August 2026, with employment types broken down into 88% Full Time, 10% Part Time, and 2% Contract. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution, with an average salary of $116,165 per year, or $55.8 per hour.

State Street Investment Management - Vendor Engagement and Third Party Risk, Assistant Vice Presiden

State Street Corporation

Boston, MA • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 25 days ago


Job description

Third Party Risk Management (TPRM) is a global, cross-functional program spanning all business units and legal entities, requiring coordinated engagement across Procurement, the First Line of Defense (business), and the Second Line of Defense. Business units are responsible for managing risk associated with third-party relationships throughout the lifecycle, while Corporate TPRM provides governance, standards, and oversight. Procurement enables the sourcing, contracting, and onboarding of third-party vendors, supporting the execution of business needs.
Within this framework, the Investment Management (IM) Vendor Engagement & Third-Party Risk team operates at the intersection of the First Line and Second Line, enabling and supporting the business in the execution and onboarding of third-party activities while ensuring alignment with TPRM and Procurement policies and program requirements. The team serves as a central coordination point across Investment Management, Corporate Procurement, Corporate TPRM, and other enterprise functions to operationalize the end-to-end vendor onboarding lifecycle. This includes facilitating vendor onboarding, managing cross-functional workflows, supporting due diligence and risk assessment processes, and centrally driving issue remediation, escalation, and closure.
Given the critical role third-party providers play in delivering IM business capabilities, these relationships introduce a range of risks that require not only oversight, but active coordination, execution, and continuous engagement across stakeholders to ensure timely onboarding, effective risk management, and adherence to enterprise standards.
Business Analysis and Strategy Planning:
  • Supports risk oversight management and onboarding of third-party vendors for IM
  • Helps drive the creation of both BAU and strategic initiatives and plans to define and implement Third Party Risk Management for IM business
  • Actively participates in assignments for large and complex business solutions initiatives across end-to-end vendor onboarding lifecycle
  • Builds and maintains subject matter expertise within IM Vendor Engagement and Third-Party Risk team
  • Produces relevant presentations, reports for executive management and internal business partners
  • Presents information and prepares RFP and Due Diligence responses about IM's Third-Party Risk Management program to IM's prospects and clients,
  • Acts as an advocate and change agent to implement recommended business solutions

Communication and Relationship Management:
  • Acts as a relationship manager engaging business leads and peers, interfaces with senior leaders and subject matter experts (SMEs) across the organization; ensures service quality and customer satisfaction
  • Supports relationships with both internal and external clients and business partners
  • Persuades and influences courageously at all levels of the organization
  • Communicates recommendations to management/senior business leaders through effective written and oral communication

Responsibilities:
  • Identify and implement best practices when onboarding third party vendors
  • Proactively identify and mitigate vendor risk; Document and assist with issues and risks as they arise
  • Maintain relationships with key stakeholders
  • Participate in working groups among Business Units, Corporate Teams and First, Second and Third Line of Defense teams to create synergies
  • Interface with and support key stakeholders across the organization; ensures service quality and customer satisfaction
  • Provide guidance and support to State Streets Third Party Risk Management and Procurement programs by responding and adhering to new and existing regulatory guidelines and initiatives and further mature the contracting and internal risk management functions
  • Influence recommendations to key stakeholders through strong negotiation, written and verbal communication

Qualifications:
  • Demonstrated vendor management, third party risk, procurement and / or project management experience
  • Strong relationship management with demonstrated ability to work across business lines
  • Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio)
  • Strong written and verbal communication skills, ability to interact and influence peers, managers and senior leadersStrong analytical skill set and decision making abilities
  • Excellent interpersonal, communication, facilitation, presentation and negotiation skills
  • Demonstrated vendor management and / or project management experience
  • Strong relationship management with demonstrated ability to work across business lines
  • Strong organizational skills
  • Ability to multi-task and work within deadlines in a fast paced environment
  • Results oriented ownership mindset with the ability to drive results within the Business

Competencies:
  • Technical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his / her knowledge and demonstrates appropriate financial / analytical skills
  • Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his /her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
  • Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients, helps the client to identify/define needs and manages client/business expectations
  • Teamwork - Displays the ability to work well with other in a team
  • Judgment and problem solving - Has the ability to think ahead and analyze and resolve complex issues

Education and Experience
  • 8-10 years of experience in financial services
  • Bachelor's degree, MBA a plus
  • Proven experience with business requirements analysis to meet critical business needs, must display an ability to drive tasks through to completion
  • Experience with governance reporting and issue management
  • Experience with risk management functions, Procurement, Compliance, or Information Security
  • Experience with Business relationship management

Salary Range:
$80,000 - $140,000 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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About State Street

Sourced by ZipRecruiter

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Boston, MA, US

Year founded

1792

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