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Director Operational Risk Jobs in Massachusetts (NOW HIRING)

Cambridge Associates

Head of Enterprise Risk

Boston, MA · On-site

... operations, in alignment with the firm's Management. The Head of Enterprise Risk reports to the ... Directing the maintenance and continuous improvement of the Global Risk Policy, as well as any ...

South Shore Health

Clinical Risk Manager

Boston, MA

... and operational leaders to develop effective corrective actions. The position also assists with ... Under the direction of the Executive Director of Risk, Senior Clinical Risk Manager and the Office ...

South Shore Health

Clinical Risk Manager

Quincy, MA

... and operational leaders to develop effective corrective actions. The position also assists with ... Under the direction of the Executive Director of Risk, Senior Clinical Risk Manager and the Office ...

South Shore Health

Clinical Risk Manager

Weymouth, MA

... and operational leaders to develop effective corrective actions. The position also assists with ... Under the direction of the Executive Director of Risk, Senior Clinical Risk Manager and the Office ...

South Shore Health

Clinical Risk Manager

Quincy, MA

... and operational leaders to develop effective corrective actions. The position also assists with ... Under the direction of the Executive Director of Risk, Senior Clinical Risk Manager and the Office ...

South Shore Health

Clinical Risk Manager

Brockton, MA

... and operational leaders to develop effective corrective actions. The position also assists with ... Under the direction of the Executive Director of Risk, Senior Clinical Risk Manager and the Office ...

South Shore Health

Clinical Risk Manager

Boston, MA

... and operational leaders to develop effective corrective actions. The position also assists with ... Under the direction of the Executive Director of Risk, Senior Clinical Risk Manager and the Office ...

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All JobsDirector Operational Risk JobsDirector Operational Risk Jobs in Massachusetts

Director Operational Risk information

See Massachusetts salary details

$59K

$156.4K

$284K

How much do director operational risk jobs pay per year?

As of Jun 18, 2026, the average yearly pay for director operational risk in Massachusetts is $156,375.00, according to ZipRecruiter salary data. Most workers in this role earn between $115,200.00 and $182,900.00 per year, depending on experience, location, and employer.

What does a Director of Operational Risk do?

A Director of Operational Risk is responsible for identifying, assessing, and mitigating risks that could impact an organization's operations. They develop risk management strategies, implement controls, and ensure compliance with relevant regulations. This role typically involves collaborating with different departments, reporting to senior management, and overseeing risk assessments and audits. The goal is to minimize losses and protect the organization from potential operational failures or external threats.

How does a Director of Operational Risk typically collaborate with other departments to manage enterprise-wide risks?

A Director of Operational Risk works closely with teams across the organization—including compliance, internal audit, IT, and business unit leaders—to identify, assess, and mitigate potential risks. This collaboration often involves organizing risk assessments, sharing best practices, and developing response strategies for incidents. Regular cross-functional meetings and reporting are common, ensuring that risk management is integrated into day-to-day business operations. Effective communication and relationship-building are crucial for success in this role, as the Director must foster a risk-aware culture throughout the company.

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

AspectDirector Operational RiskRisk Manager
CredentialsTypically requires advanced degrees (e.g., MBA, Risk Management certifications)Often requires similar certifications but may have less emphasis on advanced degrees
Work EnvironmentStrategic, leadership-focused, overseeing risk frameworks across departmentsOperational, focused on identifying and mitigating specific risks within teams
Employer & Industry UsageCommon in banking, finance, insurance, and large corporationsFound across various industries including finance, healthcare, and manufacturing

The main difference is that the Director of Operational Risk typically holds a senior leadership role responsible for setting risk strategies and policies, while the Risk Manager focuses on implementing risk mitigation measures at the operational level. Both roles require relevant certifications and experience, but the Director position involves broader strategic oversight.

Does the director of national intelligence need senate confirmation?

The Director of National Intelligence (DNI) is a presidential appointee who requires Senate confirmation before taking office. This process ensures oversight and bipartisan approval for the role, which involves overseeing the intelligence community and coordinating national security efforts.

What are the key skills and qualifications needed to thrive as a Director of Operational Risk, and why are they important?

A Director of Operational Risk needs deep knowledge of risk management frameworks, regulatory requirements, and operational processes, typically supported by a degree in finance, business, or a related field. Familiarity with risk assessment tools, data analytics platforms, and certifications such as FRM or CRM is highly valued. Strong leadership, analytical thinking, and effective communication are essential soft skills for guiding teams and influencing stakeholders. These competencies are crucial for identifying, assessing, and mitigating risks that could impact organizational objectives and regulatory compliance.

Is a director higher than a CEO?

A CEO (Chief Executive Officer) is typically the highest-ranking executive in a company, responsible for overall strategic direction and decision-making. A director, including a Director of Operational Risk, usually reports to the CEO and oversees specific departments or functions. Therefore, the CEO holds a higher position than a director within an organizational hierarchy.

What is the meaning of a director?

A director is a senior leadership role responsible for overseeing a specific department or function within an organization, such as operational risk. They develop strategies, manage teams, and ensure compliance with policies and regulations, often requiring leadership skills and industry knowledge.

What is the role of the director?

A Director of Operational Risk is responsible for identifying, assessing, and managing risks that could impact an organization's operations. They develop risk management strategies, implement policies, and oversee compliance to ensure operational resilience. Strong analytical skills and knowledge of industry regulations are essential for this role.
What are the most commonly searched types of Operational Risk jobs in Massachusetts? The most popular types of Operational Risk jobs in Massachusetts are:
What are popular job titles related to Director Operational Risk jobs in Massachusetts? For Director Operational Risk jobs in Massachusetts, the most frequently searched job titles are:
What job categories do people searching Director Operational Risk jobs in Massachusetts look for? The top searched job categories for Director Operational Risk jobs in Massachusetts are:
What cities in Massachusetts are hiring for Director Operational Risk jobs? Cities in Massachusetts with the most Director Operational Risk job openings:
Director Operational Risk jobs near you
Indirect Procurement Director

Indirect Procurement Director

Edelman Financial Engines

Boston, MA • On-site

Contractor

Medical, Dental, Retirement

Posted 21 days ago

Edelman Financial Engines rating

9.2

Company rating: 9.2 out of 10

Based on 12 frontline employees who took The Breakroom Quiz

Job description

Description
Indirect Procurement Director (Boston/Remote)
At Edelman Financial Engines (EFE), our purpose is to guide people with the financial advice they need to thrive.
We believe that every dollar saved represents a lifetime of hard work and aspirations, and every dollar invested has job to do for our clients. That's why we are committed to managing our clients' investments by truly understanding them as people first and then delivering advice, strategies and solutions to help them feel confident about the plans they are making, whether for today, tomorrow, or in the great unknown future. Our goal is to build long-term relationships based on respect, integrity, and a belief that our responsibility is to help people make smart investments decisions in every stage of their lives.
Our culture is grounded in our CORE values: Client First, One Team, Respectful Candor, and Endless Curiosity. These values guide everything we do, for our clients and each other. We are committed to moving forward together. If you are inspired by purpose-driven work and a collaborative, values-led culture, we invite you to explore a career with us.
As an Indirect Procurement Director within Edelman Financial Engines' centralized Procurement function (FP&A), this role serves as a senior strategic leader responsible for shaping and executing enterprise-wide sourcing strategies across the Procure-to-Pay lifecycle.
This position partners closely with executive stakeholders to translate complex business requirements into well thought out, detailed sourcing strategies, driving the selection and management of best-in-class vendors for non-production goods and services. This role requires deep expertise in strategic sourcing, supplier relationship management, and commercial structuring to consistently deliver optimal value, innovation, and risk mitigation.
The Director position will champion leadership oversight of procurement operations, ensuring alignment with financial plans, adherence to corporate policies, and the highest standards of governance and integrity. As a subject matter expert, this individual will execute high-impact initiatives involving value-added resellers (VARs), complex RFP processes, and enterprise budget planning, while applying advanced negotiation strategies to structure and close large-scale, high-value agreements.
This role demands expert-level command of contract business and legal terms and conditions and specifically commercial terms, including extensive experience redlining and negotiating software, SaaS, and hosting agreements to secure favorable pricing, contractual protections, and long-term value.
In addition, the Procurement Director will leverage advanced analytics to assess spend, supplier performance SLA's, and realized savings-presenting insightful dashboards and executive-level reporting. The role requires strong executive presence and the ability to confidently present complex sourcing strategies, financial outcomes, and risk considerations to senior and executive leadership.
This role calls for a highly skilled individual contributor who operates as a trusted advisor to the business, reporting to the Sr. Director of Procurement. The successful candidate will proactively build cross-functional alignment, drive strategic sourcing initiatives, and lead high-impact negotiations. Responsibilities include mitigating risk, structuring commercially sound agreements, and executing contracts that support critical functions such as HR, IT, Financial Market Data, Marketing, Operations, Wealth Planning, and Trading.
Responsibilities:
  • Excellent Communicator - demonstrates excellent written communication skills across all levels of the organization. Ability to present to the Head of Procurement and senior management ideas, issues and recommendations spearheading business change.
  • Expert in contract redlining and commercial negotiations, working in close alignment with Legal to shape contract positions and leading discussions directly with vendor counsel and sales counterparts.
  • Applies advanced critical thinking and assertive negotiation skills to structure contracts with measurable, flexible, and controllable fee models that drive cost containment, volume-based efficiencies, and downside protection in changing market conditions, including price escalation caps.
  • Delivers enterprise-grade cost and savings analytics, delivering executive-ready insights on spend trends, value realization, and procurement impact to inform strategic and financial decisions.
  • Proven excellence and leadership capabilities in contract negotiations with suppliers for optimal contract terms while mitigating financial and operational risk
  • Owns and Leads cross-functional initiatives to streamline the supplier base, influence stakeholder decision-making, and deliver quantifiable savings and operational efficiencies.
  • Development of competitive tiered pricing models
  • Lead Indirect Procurement sourcing activities including RFP initiatives including initiation, creation, launch, tracking and analysis, competitive bid negotiation, drafting and redlining, to final contract execution.
  • Audit and collaborate with business owner's category specific inventories ensuring proper requirements are identified and adequate licensing/consumption is gained, and cost control measures are implemented
  • Lead meetings across multiple departments in driving change and consolidation of suppliers for cost savings and vendor optimization
  • Closely work with the Accounts Payable team in ensuring Purchase Orders are entered and Contracts are matched with invoices for timely and accurate invoice payment process.
  • Ability to balance multiple priorities in a high-volume environment while ensuring excellent attention to detail; ability to establish and implement objectives and strategy

Requirements:
  • Innovative and technically proficient in P2P systems (i.e. Oracle NetSuite)
  • 10+ years' Procurement experience in Indirect Sourcing
  • Knowledge of Microsoft Office Suite, intermediate level for excel and PowerPoint
  • Master's/Bachelor's degree
  • Certification in Procurement (i.e. CPM, CTPE, CPP, SPSM, CIPS) preferred

Edelman Financial Engines takes a market-based approach to pay. The expected base salary range for this role nationally is $150,000 - $174,400. However, final base pay will be carefully determined based on several factors, including responsibilities, job-related skills, relevant experience, geographic location, and market conditions. Additionally, this role is eligible for other forms of compensation and benefits, such as a discretionary bonus, health, dental and other wellness plans, and 401(k) contributions.
Your recruiter can share more about the specific benefits eligible for this role during the hiring process.
About Edelman Financial Engines
Since 1986, Edelman Financial Engines has been committed to always acting in the best interests of our clients. We were founded on the belief that all investors - not just the wealthy - deserve access to personal, comprehensive financial planning and investment advice. Recognized by Barron's as a top RIA firm for eight years in a row (awarded each September (2018-2025) based on prior 12-month data through June 30)1, we support more than 1.27 million clients across 140+ offices nationwide and manage over $324 billion in assets 2. Our unique approach to serving clients combines our advanced methodology and proprietary technology with the attention of a dedicated personal financial planner. Every client's situation and goals are unique, and the powerful fusion of high-tech and high touch allows Edelman Financial Engines to deliver the personal plan and financial confidence that everyone deserves.
For more information, please visit EdelmanFinancialEngines.com.
© 2026 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All advisory services provided by Financial Engines Advisors L.L.C., a federally registered investment advisor. Certain services provided on an educational and guidance basis only. Results are not guaranteed.
For California residents, please see the link for the Privacy Notice for Candidates. California law requires that we provide you this notice about the collection and use of your personal information. Please read it carefully.
Edelman Financial Engines encourages success based on our individual merits and abilities without regard to race, color, religion, creed, sex, gender identity or expression, sexual orientation, pregnancy; marital, domestic partner or civil union status; national origin, citizenship, ancestry, ethnic heritage, genetic information, age, legally recognized disability, military service or veteran status.
Accommodations are modifications or adjustments to the hiring process that would enable you to fully participate in that process. If you need assistance to accommodate a disability, you may request one at any time by either contacting your recruiter or [email protected].
1 The Barron's Top 100 RIA Firms list, an annual ranking of independent advisory firms, is based on qualitative and quantitative criteria. Firms elect to participate but do not pay to be included in the ranking. The 2018 ranking refers to Edelman Financial Services, LLC, which combined its advisory business in its entirety with Financial Engines Advisors L.L.C. (FEA) in November 2018. For the same survey, FEA received a precombination ranking of 12th.
2 Edelman Financial Engines data, as of September 30, 2025.
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