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Director Of Risk Jobs in Boston, MA (NOW HIRING)

Citizens

First Line Risk Sr Manager

Westwood, MA · On-site

$117K - $153K/yr

While in this role, you will be responsible for proactively reviewing, analyzing, and identifying emerging risks, escalating to the Senior Director/Director of First Line Risk where appropriate. You ...

Fred C. Church

Team Leader, Risk Management

Lowell, MA · On-site

The Team Leader, Risk Management (TLRM) works with the Commercial Lines teams to assist our larger ... Direct experience is preferred with one or more of the following verticals and all lines of ...

Fred C. Church

Team Leader, Risk Management

Lowell, MA · On-site

The Team Leader, Risk Management (TLRM) works with the Commercial Lines teams to assist our larger ... Direct experience is preferred with one or more of the following verticals and all lines of ...

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All JobsOf Risk JobsDirector Of Risk JobsDirector Of Risk Jobs in Boston, MA

Director Of Risk information

See Boston, MA salary details

$12K

$154.5K

How much do director of risk jobs pay per year?

As of Aug 10, 2026, the average yearly pay for director of risk in Boston, MA is $153,400.00, according to ZipRecruiter salary data. Most workers in this role earn between $153,400.00 and $153,400.00 per year, depending on experience, location, and employer.

What is the difference between Director Of Risk vs Risk Manager?

AspectDirector Of RiskRisk Manager
ResponsibilitiesOversees enterprise-wide risk strategies, sets policies, and manages risk teamsIdentifies, assesses, and mitigates specific risks within departments or projects
Required CredentialsOften requires advanced degrees (e.g., MBA), certifications like CRM or FRM, and extensive experienceTypically requires a bachelor's degree, certifications like RIMS-CRMP, and relevant experience
Work EnvironmentStrategic, leadership-focused, often in corporate officesOperational, detail-oriented, working closely with teams on risk assessments

The main difference between a Director Of Risk and a Risk Manager lies in scope and seniority. The Director Of Risk handles enterprise-wide risk strategies and leadership, while the Risk Manager focuses on specific risk areas and implementation. Both roles require relevant certifications and experience, but the Director position involves higher-level decision-making and strategic planning.

How does a director of risk typically collaborate with other departments to manage organizational risk?

A Director of Risk works closely with various departments—such as compliance, finance, operations, and IT—to identify, assess, and mitigate potential risks. They often lead cross-functional meetings and risk assessment workshops to ensure all perspectives are considered and that risk controls are integrated into daily operations. Collaboration is key, as effective risk management requires input and buy-in from across the organization. Directors of Risk also frequently present findings and recommendations to executive leadership, ensuring alignment on risk appetite and mitigation strategies.

What are the key skills and qualifications needed to thrive as a director of risk, and why are they important?

To thrive as a Director of Risk, you need deep expertise in risk management, regulatory compliance, and business strategy, often supported by a bachelor’s or master’s degree in finance, business, or a related field. Familiarity with risk assessment tools, governance frameworks (such as COSO or ISO 31000), and relevant certifications like FRM or CRM is typically required. Exceptional leadership, analytical thinking, and communication skills help you influence stakeholders and navigate complex risk scenarios. These skills ensure the effective identification, mitigation, and communication of organizational risks, protecting the company’s assets and reputation.

What does a director of risk do?

A Director of Risk is responsible for identifying, assessing, and mitigating risks that could impact an organization's operations or objectives. They develop risk management strategies, oversee compliance with regulations, and ensure that proper controls are in place to minimize financial, legal, and reputational risks. Typically, this role involves working closely with senior leadership to align risk management with overall business goals and to foster a culture of risk awareness throughout the organization.
What are popular job titles related to Director Of Risk jobs in Boston, MA? For Director Of Risk jobs in Boston, MA, the most frequently searched job titles are:
What job categories do people searching Director Of Risk jobs in Boston, MA look for? The top searched job categories for Director Of Risk jobs in Boston, MA are:
Director Of Risk jobs near you
Infographic showing various Director Of Risk job openings in Boston, MA as of August 2026, with employment types broken down into 1% As Needed, 85% Full Time, 10% Part Time, and 4% Contract. Highlights an 89% Physical, 4% Hybrid, and 7% Remote job distribution, with an average salary of $153,400 per year, or $73.8 per hour.

Director, Internal Audit - Operational Risk

First Technology Federal Credit Union

Marlborough, MA

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 6 days ago

Job description

Description

 The Director, Internal Audit - Operational Risk is responsible for leading a portfolio of risk-based assurance and advisory activities focused on operational risk management, governance, and organizational resilience. This role serves as an Engagement Owner and trusted advisor to executive leadership by providing independent assessments of governance, risk management, and control effectiveness across key operational risk domains. 

The Director oversees audit planning, execution, reporting, issue validation, and regulatory engagement activities while ensuring adherence to Internal Audit standards and methodologies. This role plays a key leadership role in evaluating the effectiveness of operational risk frameworks, identifying emerging risks, and providing insights that strengthen the organization's overall control environment. 

Here’s what you can expect from the job and what you need to be successful:

What You’ll Do:

  • Lead a portfolio of risk-based operational risk audit and advisory engagements, ensuring timely execution, consistent methodology application, and high-quality deliverables. 
  • Oversee audit planning, risk assessments, scoping decisions, testing strategies, audit conclusions, and reporting activities across assigned operational risk areas. 
  • Review and approve audit findings, issue severity ratings, remediation plans, and issue validation activities. 
  • Contribute to development and execution of the annual audit plan through participation in audit universe maintenance, risk assessments, and audit coverage planning. 
  • Provide independent assessments of governance, risk management, and internal controls related to: 
    • Enterprise Risk Management (ERM) 
    • Operational Risk Management 
    • Third-Party Risk Management (TPRM) 
    • Business Continuity and Disaster Recovery (BC/DR) 
    • Operational Resilience 
    • Model Risk Management (MRM) 
    • Enterprise Issue Management 
    • Governance Committees and Risk Reporting 
    • Change and Transformation Risk 
    • Incident and Event Management 
  • Evaluate the effectiveness of first- and second-line operational risk programs, governance structures, and oversight functions. 
  • Assess enterprise risk frameworks, risk appetite programs, risk assessments, key risk indicators (KRIs), issue management processes, and risk reporting practices. 
  • Review control environments supporting significant business transformations, strategic initiatives, technology implementations, and operational change programs. 
  • Identify control weaknesses, emerging risks, resilience concerns, and opportunities to strengthen governance and operational effectiveness. 
  • Develop and maintain strong relationships with executive leadership, enterprise risk leaders, compliance leaders, and business stakeholders while preserving audit independence. 
  • Represent Internal Audit in governance committees, steering committees, and working groups as appropriate. 
  • Lead interactions with regulators, external auditors, and other stakeholders regarding operational risk and governance audit activities. 
  • Monitor regulatory developments, industry trends, and emerging risk themes to ensure appropriate audit coverage and risk perspectives. 
  • Validate corrective action plans and monitor remediation activities to ensure sustainable resolution of identified issues. 
  • Drive continuous improvement of audit methodologies, testing approaches, reporting capabilities, and quality standards. 
  • Develop and mentor audit professionals through coaching, performance management, capability development, and succession planning. 

Essential Skills:

  • Required Experience: 8+ years of internal audit standards, methodologies, and professional practices.
  • 4+ years of experience leading a diverse team including hiring, coaching and performance management.
  • Experience evaluating: 
    • Enterprise Risk Management frameworks 
    • Operational Risk Management programs 
    • Third-Party Risk Management programs 
    • Business Continuity and Disaster Recovery programs 
    • Operational Resilience frameworks 
    • Model Risk Management programs 
    • Enterprise governance and oversight structures 
    • Change management and transformation risk 
  • Knowledge of risk appetite frameworks, issue management programs, risk assessments, operational loss management, and KRI reporting. 
  • Experience assessing control effectiveness, identifying root causes, and validating remediation activities. 
  • Strong understanding of financial services regulatory expectations and risk management practices. 
  • Ability to provide independent challenge while maintaining effective stakeholder relationships. 
  • Experience developing executive-level reporting and presenting findings to executive leadership, governance committees, and Board committees. 
  • Strong analytical, organizational, and problem-solving skills. 
  • Excellent written and verbal communication skills. 
  • Certifications: CIA, CRMA, CRISC, CISA, FRM, CRCM or PMP Preferred

Location: Hillsboro Corporate Office | Hillsboro OR 97124 OR Marlborough Corporate Office | Marlborough, MA OR Chelmsford Corporate Office | Chelmsford, MA

Target Compensation: $164,000 - $197,000 base pay + Annual Bonus

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Who We Are:
What makes First Tech different? Click here to learn more!
Every great journey begins with a bold idea—and ours is no different. First Tech and DCU were founded on the belief that financial solutions should put people first. That belief has fueled decades of innovation and service, rooted in the tech sector and expanding to support members from all walks of life.
Employees are eligible for:
• Traditional medical, dental, and vision coverage
• Generous 401(k) match
• Paid Time Off: You'll accrue up to 15 days in your first year. In addition, you'll receive 40 hours of sick time and 3 personal days, which refresh annually
• Paid federal holidays
• Special employee pricing on lending products such as mortgage, auto, and personal loans (eligibility subject to standard account requirements and underwriting criteria)
Employment Statements:
First Tech is an equal opportunity employer, and we value diversity, inclusion, and equity at our company. We evaluate qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.
If you're applying for a job and need a reasonable accommodation for any part of the employment process, please send an email to recruiters@firsttechfed.com and let us know the nature of your request and contact information. Please note that only those inquiries concerning a request for reasonable accommodation will be responded to from this email address.
First Tech is not currently offering Visa transfer/sponsorship for this position.

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