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Director Of Risk Management Jobs in Lexington, MA

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Risk Manager

Brookline, MA · Hybrid

$160K/yr

This role is responsible for the identification, evaluation, and mitigation of risk across outpatient, network, and inpatient settings. The Risk Manager promotes high-quality patient care, ensures ...

Grasshopper Bank

Fintech Risk Analyst

Boston, MA · On-site

$95 - $140/hr

Reporting into the Director of Fintech Risk, we are seeking a motivated Fintech Risk Analyst who will contribute to and support a strong risk management culture in working with existing and ...

Careers at KKR

Enterprise Risk Officer

Boston, MA · On-site

TEAM OVERVIEW KKR's Enterprise Risk Management ("ERM") function is responsible for ensuring the consistent application of the risk management framework globally to help KKR achieve its strategic ...

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All JobsOf Risk Management JobsDirector Of Risk Management JobsDirector Of Risk Management Jobs in Lexington, MA

Director Of Risk Management information

See Lexington, MA salary details

$60.7K

$160.9K

$292.1K

How much do director of risk management jobs pay per year?

As of Sep 5, 2026, the average yearly pay for director of risk management in Lexington, MA is $160,874.00, according to ZipRecruiter salary data. Most workers in this role earn between $118,500.00 and $188,200.00 per year, depending on experience, location, and employer.

What is the difference between Director Of Risk Management vs Risk Analyst?

AspectDirector Of Risk ManagementRisk Analyst
CredentialsTypically requires advanced degrees (e.g., MBA, Risk Management certifications)Bachelor's degree in finance, risk management, or related field
Work EnvironmentStrategic leadership, overseeing risk policies and teamsData analysis, risk assessment, supporting risk management strategies
Industry UsageUsed in large corporations, financial institutions, insurance companiesCommon in finance, insurance, and corporate sectors

The Director Of Risk Management focuses on strategic oversight and leadership in risk policies, while the Risk Analyst handles data analysis and risk assessment tasks. Both roles are essential in risk management but differ in scope and seniority.

What does a director of risk management do?

A director of risk management oversees an organization’s strategies to identify, assess, and mitigate potential risks that could impact business operations, financial stability, or reputation. They develop risk management policies, coordinate with other departments, and ensure compliance with regulations, often using tools like risk assessment software. Strong analytical skills and industry certifications are typically required for this role.

What does a director of risk management make?

A director of risk management typically earns a salary ranging from $100,000 to $200,000 annually, depending on the industry, company size, and location. They often have advanced degrees and certifications such as CRM or ARM, and their compensation may include bonuses and benefits based on organizational risk mitigation success.

What are popular job titles related to Director Of Risk Management jobs in Lexington, MA?

For Director Of Risk Management jobs in Lexington, MA, the most frequently searched job titles are:

What job categories do people searching Director Of Risk Management jobs in Lexington, MA look for?

The top searched job categories for Director Of Risk Management jobs in Lexington, MA are:

What cities near Lexington, MA are hiring for Director Of Risk Management jobs?

Cities near Lexington, MA with the most Director Of Risk Management job openings:

Director Of Risk Management jobs near you
Infographic showing various Director Of Risk Management job openings in Lexington, MA as of June 2026, with employment types broken down into 1% Internship, 7% As Needed, 44% Full Time, 44% Part Time, 3% Temporary, and 1% Contract. Highlights an 93% Physical, 1% Hybrid, and 6% Remote job distribution, with an average salary of $160,874 per year, or $77.3 per hour.

Senior Director, Enterprise Third Party Risk

Vertex Pharmaceuticals

Boston, MA • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 24 days ago

Vertex Pharmaceuticals rating

6.5

Company rating: 6.5 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

78th of 86 rated pharmaceutical

Job description

Job Description
The Senior Director, Enterprise Third Party Risk Leader, will lead an expanded third-party risk management E2E process, including leading a Central Risk Management team and driving a holistic, effective and efficient third-party risk management approach for the enterprise. This leader will shape and maintain an integrated and enterprise view of third-party risk exposure across a holistic set of risk dimensions, collecting inputs from function and business leads and reporting to key stakeholders. The role will also maintain a comprehensive understanding of the company's business strategies, organizational structures, resources and risks, policies and procedures and have responsibility for deploying cross-functional leadership of fit-for purpose risk practices across the Vertex risk community of risk subject matter experts, business owners, and executive leadership.
The leader will work collaboratively with internal Stakeholders, develop sound third party risk strategies, utilize knowledge and expertise of processes, leverage best practices and drive risk visibility and ultimately risk management actions. The leader will partner with Business Owners and Risk SMEs to effectively and efficiently manage third party risks through actions including risk mitigation and risk acceptance, alongside a transparent enterprise governance process for managing and underwriting risks.
As a senior member of the Strategic Sourcing group, this leadership role will be expected to provide strategic input in the future direction of the function. They will possess high-level business partnering acumen and subject matter expertise in third-party risk management processes and tools. Working collaboratively with strategic sourcing teams and internal Business Stakeholders, the leader is expected to ensure their teams' activities are aligned with Business priorities and objectives. This role will communicate with senior-most Executives and be viewed as a trusted business advisor crucial to their business. The role will effectively articulate the vision and value to the business.
Key Duties & Responsibilities
  • Leadership responsibility for coordinating all aspects of a central enterprise risk management program and team, ensuring that the end-to-end (E2E) third party risk management processes are implemented and sustained, team members are fulfilling their roles and responsibilities, and reports are consistent with Corporate and risk policies
  • Oversee supplier criticality assessments for all suppliers using a unified and holistic approach deployed along the supplier life cycle, and leverage the criticality dimensions for fit for purpose risk process prioritization
  • Oversee third party risk assessment and regular updates for critical suppliers along the supplier life cycle leveraging a central risk tool, working with business leads to provide required inputs and ensuring other metrics are automated and updated
  • Maintain centralized supplier risk repository for visibility to third party risks and action plans, timelines and ownership, including creating regular reports on multi-dimensional supplier risk with the CRM team
  • Maintain and regularly update risk appetite matrix and list of risk mitigation actions, syndicating with and eliciting input from business leads as needed
  • Coordinate, support preparation of, and participate in joint reviews of mitigation actions, working with business leads and risk SMEs and escalating when necessary
  • Ensure E2E process is supported by appropriate tools and technology solutions in partnership with DTE, including standing up a centralized supplier risk register and automating risk assessment and tracking activities
  • Coordinate, support preparation of, and participate in escalation governance committees (i.e., cross-functional governance meetings, executive level governance meetings)
  • Manage and lead within a matrix of dedicated and assigned resources across a hybrid centralized and federated risk management operating model.
  • Work with HR and Communications team to coordinate and launch training and communications plan for ongoing process awareness across the enterprise
  • Collaborate with Executive leaders, function leads, and business leads to role model new processes
  • Partner with strategic sourcing and business owners to ensure understanding of supplier landscape existing and future potential and integrate into the third-party risk management strategy to drive enterprise risk visibility and actions to manage risks through actions focus on immediate mitigations, mitigation plans with future timelines, and risk acceptance strategies.
  • Own the enterprise third party risk management process, policies and procedures, and effective execution of same in partnership with risk SMEs and business owners, including effective governance, RACIs, and inherent and residual risk monitoring and reporting.
  • Partner with key stakeholders to develop relevant risk metrics and KPIs, including process KPIs and SLAs to drive to drive the right risk management behaviors and actions; Oversee reporting on impact measurements and program outcomes
  • Establish and promote best practices across the organization; Regularly review practices based on industry trends, regulatory changes, and organizational needs and address emerging challenges and opportunities; leverage best practices for continuous improvement

Required Education
  • University degree in Accounting, Finance or Risk Management
  • Certified professional certifications are preferred

Required Experience
  • 12+ years' experience in the area of risk is required.
  • Experience within a large multinational, publicly held company is highly preferred

Required Knowledge and Skills
  • Strong knowledge of risk management policies and procedures, preferably related to third parties
  • Excellent verbal and written communication skills; ability to effectively communicate with senior leadership team and third parties
  • Superior business and analytical skills, ability to focus on key issues and solve problems, bring an enterprise mindset, and effectively track and create visibility and report on risk processes and outcomes.
  • Ability to work in a collaborative, team environment; ability to cultivate and maintain effective business partner relationships through earned respect and trust; collaboration extends beyond Business Partners and suppliers to include other functional areas with risk SMEs and business owners
  • Able to lead direct and cross-functional teams in a collaborative manner to drive successful outcomes.
  • Adept at influencing and bringing new ideas and information that create tangible value to business.
  • Strong process management and demonstrated use of Continuous Improvement mindset and tools (including Pareto Charts, Flow Diagrams, etc.) to drive process improvements
  • Strong project management and organizational skills. Able to create detailed project plans, including an understanding of dependencies as well as critical path elements for larger, more involved projects. Track record of successful execution of complex, cross-functional initiatives.
  • Able to establish and maintain effective business partner relationships at highest levels within the organization; gained their respect and trust; Thoughtful and active listener; able to think quickly and effectively articulate points of view.
  • Ability to establish and lead an effective governance program that continues to elevate third party risk management and oversight for the company.

Pay Range:
$220,000 - $330,000
Disclosure Statement:
The range provided is based on what we believe is a reasonable estimate for the base salary pay range for this job at the time of posting. This role is eligible for an annual bonus and annual equity awards. Some roles may also be eligible for overtime pay, in accordance with federal and state requirements. Actual base salary pay will be based on a number of factors, including skills, competencies, experience, and other job-related factors permitted by law.
At Vertex, our Total Rewards offerings also include inclusive market-leading benefits to meet our employees wherever they are in their career, financial, family and wellbeing journey while providing flexibility and resources to support their growth and aspirations. From medical, dental and vision benefits to generous paid time off (including a week-long company shutdown in the Summer and the Winter), educational assistance programs including student loan repayment, a generous commuting subsidy, matching charitable donations, 401(k) and so much more.
Flex Designation:
Hybrid-Eligible Or On-Site Eligible
Flex Eligibility Status:
In this Hybrid-Eligible role, you can choose to be designated as:
1. Hybrid: work remotely up to two days per week; or select
2. On-Site: work five days per week on-site with ad hoc flexibility.
Note: The Flex status for this position is subject to Vertex's Policy on Flex @ Vertex Program and may be changed at any time.
#LI-Hybrid
Company Information
Vertex is a global biotechnology company that invests in scientific innovation.
Vertex is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person's race, color, sex, gender identity or expression, age, religion, national origin, ancestry, ethnicity, disability, veteran status, genetic information, sexual orientation, marital status, or any characteristic protected under applicable law. Vertex is an E-Verify Employer in the United States. Vertex will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law.
Any applicant requiring an accommodation in connection with the hiring process and/or to perform the essential functions of the position for which the applicant has applied should make a request to the recruiter or hiring manager, or contact Talent Acquisition at ApplicationAssistance@vrtx.com

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