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Entry Level Risk Analyst Jobs in Somerville, MA (NOW HIRING)

Eastern Bank

Treasury Analyst I

Wakefield, MA · On-site +1

$24.56 - $39.48/hr

We are seeking an entry-level Treasury Analyst to join our Asset Liability Management (ALM) team. The Analyst will support the team's interest rate risk measurement and management functions, gaining ...

Eastern Bank

Treasury Analyst I

Wakefield, MA · Hybrid

$24.56 - $39.48/hr

We are seeking an entry-level Treasury Analyst to join our Asset Liability Management (ALM) team. The Analyst will support the team's interest rate risk measurement and management functions, gaining ...

Ethos Risk Services

Entry-Level Investigator

Boston, MA · On-site

$22/hr

Ethos Risk Services is a leading insurance claims investigation and medical management company ... Conduct preliminary investigations using social media and analyzing database research. * Field ...

Ethos Risk Services

Entry-Level Investigator

Boston, MA

$50K - $61K/yr

Ethos Risk Services is a leading insurance claims investigation and medical management company ... Conduct preliminary investigations using social media and analyzing database research. * Field ...

Ethos Risk Services

Entry-Level Investigator

Boston, MA · On-site

$22/hr

Ethos Risk Services is a leading insurance claims investigation and medical management company ... Conduct preliminary investigations using social media and analyzing database research. * Field ...

Rxadvance Corporation

Product Analyst

Southborough, MA · On-site

$55K - $90K/yr

... full-risk and MSO models. Under the leadership of Chairman John Sculley (former Apple CEO) and ... This is an entry-level role with real ownership. You won't be watching from the sidelines -- you'll ...

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Entry Level Risk Analyst information

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How much do entry level risk analyst jobs pay per hour?

As of Jul 21, 2026, the average hourly pay for entry level risk analyst in Somerville, MA is $44.18, according to ZipRecruiter salary data. Most workers in this role earn between $32.55 and $53.80 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in the Entry Level Risk Analyst position, and why are they important?

To thrive as an Entry Level Risk Analyst, you need strong analytical abilities, attention to detail, and a foundational understanding of finance, economics, or a related field, often supported by a relevant bachelor’s degree. Familiarity with risk management software, Excel, and data analysis tools is advantageous, and some companies value certifications like FRM or CFA Level I. Excellent communication, problem-solving skills, and the ability to work collaboratively make candidates stand out in this role. These skills and qualities are critical for accurately assessing risks, providing actionable insights, and supporting effective decision-making within the organization.

What is an Entry Level Risk Analyst job?

An Entry Level Risk Analyst is responsible for identifying, assessing, and mitigating risks that could impact an organization’s financial stability and operations. They analyze data, create reports, and assist in developing risk management strategies under the guidance of senior analysts. This role typically involves working with financial models, market trends, and regulatory guidelines to support decision-making. Strong analytical skills, attention to detail, and proficiency in risk assessment tools are essential for success in this position.

What are some typical challenges faced by Entry Level Risk Analysts, and how can new hires prepare for them?

Entry Level Risk Analysts often face challenges such as quickly interpreting large volumes of complex data, adapting to evolving regulatory requirements, and learning industry-specific risk assessment methodologies. New hires can prepare by familiarizing themselves with common risk metrics, staying updated on regulatory changes, and practicing effective data analysis. It's also helpful to proactively seek guidance from more experienced team members and participate in relevant training sessions. With diligence and curiosity, most analysts develop confidence and expertise rapidly in this collaborative, knowledge-driven work environment.

What are popular job titles related to Entry Level Risk Analyst jobs in Somerville, MA? For Entry Level Risk Analyst jobs in Somerville, MA, the most frequently searched job titles are:
What job categories do people searching Entry Level Risk Analyst jobs in Somerville, MA look for? The top searched job categories for Entry Level Risk Analyst jobs in Somerville, MA are:
What cities near Somerville, MA are hiring for Entry Level Risk Analyst jobs? Cities near Somerville, MA with the most Entry Level Risk Analyst job openings:
Entry Level Risk Analyst jobs near you
Treasury Analyst I

Treasury Analyst I

Eastern Bank

Wakefield, MA • On-site, Remote

$24.56 - $39.48/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 5 days ago

Eastern Bank rating

8.3

Company rating: 8.3 out of 10

Based on 22 frontline employees who took The Breakroom Quiz

40th of 149 rated banks

Job description


Hiring Range: $24.56- $39.48
Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.
We are seeking an entry-level Treasury Analyst to join our Asset Liability Management (ALM) team. The Analyst will support the team's interest rate risk measurement and management functions, gaining exposure to ALM modeling, capital analysis, and the Bank's broader finance operations. This is an excellent opportunity for a recent graduate with a strong interest in bank finance and financial modeling to grow within a collaborative, high-performing team. This hybrid position has opportunity to work at either our corporate headquarters in Boston's financial district or our Finance & Operations center in Wakefield.
  • Support the ALM team in running monthly interest rate risk simulations, including net income at risk and economic value at risk analysis under various rate scenarios. Develop familiarity with parallel and non-parallel yield curve shift modeling over time.
  • Assist with ALM assumption development, model documentation, and model maintenance and enhancement initiatives under the guidance of senior team members.
  • Support comprehensive model back-testing and performance monitoring activities to help enhance model accuracy and effectiveness.
  • Support the production of regular and ad hoc reporting and analysis for the Bank's ALCO process, including topics such as balance sheet dynamics, net interest margin trends, and ALM risks.
  • Support the Funds Transfer Pricing (FTP) framework, including assumption development, documentation, and ongoing model maintenance, under the direction of senior team members.

PROBLEM SOLVING & DECISION MAKING:
This position will report to the AVP, Treasury Analyst III. As an entry-level role, the incumbent will work under close supervision and receive regular direction from more senior team members. The role is well-suited for a recent graduate who is eager to learn, analytical, and detail-oriented. Over time, the analyst will be expected to take increasing ownership of assigned processes and contribute independently to the team's goals.
Education and Experience
  • Bachelor's degree, preferably in Finance, Economics, or Accounting
  • 0-2 years of relevant experience
  • Foundational understanding of finance, accounting, and financial markets; coursework or internship experience in a related field preferred
  • Basic familiarity with fixed income, financial markets, and/or banking concepts; interest in developing deeper expertise in ALM and interest rate risk
  • Proficiency in Microsoft Excel; familiarity with Power BI or PowerQuery a plus
  • Comfort and proficiency using AI tools (e.g. ChatGPT, Claude, Copilot) to enhance research, analysis, and productivity; ability to apply AI thoughtfully in a professional context
  • Excellent oral and written communication skills
  • Strong attention to detail and strong quantitative skills
  • Self-motivated and the ability to work independently as well as on a team

Skills/Knowledge
  • Foundational understanding of finance, accounting, and financial markets; coursework or internship experience in a related field preferred
  • Basic familiarity with fixed income, financial markets, and/or banking concepts; interest in developing deeper expertise in ALM and interest rate risk
  • Proficiency in Microsoft Excel; familiarity with Power BI or PowerQuery a plus
  • Comfort and proficiency using AI tools (e.g. ChatGPT, Claude, Copilot) to enhance research, analysis, and productivity; ability to apply AI thoughtfully in a professional context
  • Excellent oral and written communication skills
  • Strong attention to detail and strong quantitative skills
  • Self-motivated and the ability to work independently as well as on a team

About Us
At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth. As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us. We are proud to offer comprehensive compensation plans and a benefits program called Total Rewards that includes medical, dental, vision, life and disability insurance, retirement, vacation and tuition reimbursement.
Eastern Bank is an equal opportunity employer. All job applicants will be considered for employment without regard to race, color, religious creed, national origin, sex, sexual orientation, gender identity, genetic information, military service, age, ancestry, or disability.
At Eastern Bank, we are dedicated to building a diverse, equitable, inclusive and authentic workplace. If you're excited about this role but your experience doesn't fully align with every qualification, we still encourage you to apply! You may be just the right candidate for this position or others across the company. Our Recruitment team is waiting to chat with YOU.

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