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Financial Risk Manager Jobs in Massachusetts (NOW HIRING)

The Manager, GWAM Business Risk Management, is a first line (Line 1B) risk management role ... About Manulife and John Hancock Manulife Financial Corporation is a leading international financial ...

... risk and control management, while also being task oriented and capable of meeting the tight ... Act as SME for SAP application controls in external audits (e.g.financial,SOX, regulatory) * Lead ...

This includes spearheading a full ERP implementation, ensuring robust risk management and legal compliance and alignment with a Human Capital Management system. EXPERIENCE/QUALIFICATIONS Financial ...

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Financial Risk Manager information

See Massachusetts salary details

$56.2K

$121.8K

$185.7K

How much do financial risk manager jobs pay per year?

As of Sep 12, 2026, the average yearly pay for financial risk manager in Massachusetts is $121,833.00, according to ZipRecruiter salary data. Most workers in this role earn between $98,300.00 and $140,900.00 per year, depending on experience, location, and employer.

What does a financial risk manager do?

A Financial Risk Manager (FRM) is responsible for identifying, analyzing, and mitigating financial risks within an organization. Their work involves assessing threats related to credit, market, operational, and liquidity risk, and developing strategies to minimize potential losses. FRMs use quantitative analysis, financial modeling, and risk assessment tools to advise decision-makers on risk exposures. They play a vital role in ensuring that a company remains compliant with financial regulations and maintains financial stability.

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

To thrive as a Financial Risk Manager, you need a strong background in finance, quantitative analysis, and risk assessment, typically supported by a relevant degree and certifications like FRM or CFA. Expertise in risk modeling software, statistical tools such as SAS or R, and financial reporting systems is highly valued. Exceptional analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These skills and qualities are crucial for accurately identifying, assessing, and mitigating financial risks to protect organizational assets and ensure regulatory compliance.

What are some common challenges financial risk managers face when working with cross-functional teams?

Financial Risk Managers often collaborate with departments such as treasury, compliance, and IT to identify and mitigate risks. One common challenge is aligning risk management strategies with diverse departmental goals, which may sometimes conflict with each other. Effective communication and negotiation skills are essential to ensure all stakeholders understand the risk implications of their decisions. Additionally, adapting to rapidly changing regulations and market conditions can create pressure to quickly update risk models and processes.

What is the difference between Financial Risk Manager vs Credit Analyst?

AspectFinancial Risk ManagerCredit Analyst
CertificationsFRM, CFAFitch, CFA
Work EnvironmentFinancial institutions, banks, investment firmsBanks, lending institutions, credit agencies
Primary FocusAssessing and managing overall financial risksEvaluating creditworthiness of borrowers
Industry UsageRisk management departments, trading floorsLoan departments, credit risk units

While both roles involve financial analysis, a Financial Risk Manager focuses on identifying and mitigating broad financial risks across an organization, often requiring advanced certifications like FRM or CFA. A Credit Analyst specializes in assessing individual borrowers' creditworthiness to inform lending decisions. Both roles are vital in financial institutions but serve different strategic purposes.

Do financial risk managers make good money?

Financial risk managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, median annual pay often exceeds $100,000, with senior roles and certifications like FRM or CFA increasing earning potential. They also benefit from bonuses and other incentives based on performance and risk management success.

Is it hard to become a financial risk manager?

Becoming a financial risk manager typically requires a strong background in finance, economics, or related fields, along with relevant certifications such as the FRM or CFA. The role involves developing analytical skills, understanding financial models, and often gaining experience in risk analysis or financial analysis, which can take several years of education and work experience to achieve.

Is risk management in finance a good career?

A career as a financial risk manager involves analyzing and mitigating financial risks for organizations, often requiring strong analytical skills, knowledge of financial instruments, and certifications like FRM or CFA. It offers opportunities in banking, investment firms, and corporations, with a focus on quantitative analysis and regulatory compliance. The role can be rewarding for those interested in finance and risk assessment, with a stable job outlook and competitive salary potential.

What are popular job titles related to Financial Risk Manager jobs in Massachusetts?

For Financial Risk Manager jobs in Massachusetts, the most frequently searched job titles are:

What cities in Massachusetts are hiring for Financial Risk Manager jobs?

Cities in Massachusetts with the most Financial Risk Manager job openings:

Infographic showing various Financial Risk Manager job openings in Massachusetts as of August 2026, with employment types broken down into 90% Full Time, 9% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $121,833 per year, or $58.6 per hour.

Sr. Risk Manager, Cyber & Technology Risk Management

Boston, MA • On-site

Brown Brothers Harriman & Co.
Finance and Insurance • 1 - 5K employees

$140K - $190K/yr

Other

Posted 16 days ago


Job description

At BBH, Partnership is more than a form of ownership—it’s our approach to business and relationships. We know that supporting your professional and personal goals is the best way to help our clients and advance our business. We take that responsibility seriously. With a 200-year legacy and a shared passion for what’s next, this is the right place to build a fulfilling career.

Cyber & Technology Risk Management is an independent second-line risk function within Enterprise Risk Management (ERM). The group is aligned to the Firm’s global Systems/Technology organization and provides risk oversight across a complex financial services environment.

The Senior Risk Manager will serve as a trusted second-line advisor, leading a team of cyber and technology risk professionals responsible for identifying, assessing, and helping manage cyber and technology risks that impact the Firm. The Senior Risk Manager is expected to bring broad technical knowledge with expertise in cyber risk management and related regulatory frameworks including information security, cyber resilience, data protection, and regulatory compliance across the Firm's technology environment.

This is a senior, highly visible role that partners closely with Systems/Technology management, Application and Data Owners, control owners, Compliance, Internal Audit, Line of Business leadership, and peer leaders across Cyber & Technology Risk Management and ERM to promote sound risk decisions, strong governance, and practical outcomes.

RESPONSIBILITIES

What You’ll Do Partner with technology, security, and operations teams to identify, assess, and manage cyber and technology risks. Provide independent second-line advisory and effective challenge, translating risk considerations into clear, practical guidance. Lead and/or support risk and control assessments, including cyber risk reviews, RCSAs, application risk assessments, external assurance reviews, and related governance activities. Evaluate control gaps, risk acceptances, exceptions, and remediation plans; assist stakeholders prioritize actions based on business impact, risk appetite, and regulatory expectations. Analyze new and emerging risks, including related regulatory requirements and supervisory guidance to identify risk implications and potential gaps; collaborate with control owners on control design, implementation, and measurement. Support the continued build-out of a new IT governance platform to improve integration, transparency, and execution across Cyber & Technology Risk Management programs.

QUALIFICATIONS

What You’ll Bring Bachelor’s degree, equivalent work experience, specialized training in information technology, cybersecurity, risk management, audit, or related discipline. 10+ years of experience in cyber risk, technology risk, information security, IT audit, operational risk, third-party risk, or a related control function. Demonstrated experience assessing cyber risk programs, cybersecurity controls, and information security governance frameworks within a regulated financial institution or similarly regulated environment. Ability to analyze complex risk issues, balance business objectives with control expectations, and communicate practical recommendations to both technical and non-technical audiences. Strong understanding of cyber and technology risk concepts, control assessment, issue management, remediation tracking, risk acceptance, and risk reporting practices. Strong knowledge of cybersecurity regulatory requirements and industry frameworks, including NYDFS Part 500, NIST Cybersecurity Framework, ISO 27001, and other applicable cybersecurity or operational resilience standards. Familiarity with DORA, global operational resilience requirements, and other emerging cyber regulatory frameworks. Working knowledge of technology environments, including networks, operating platforms, cloud services, application security, and third-party hosted solutions. Certifications such as CISSP, CISM, and/or CRISC are a plus.

This role can be based in either our Boston or Jersey City locations and will be a hybrid role, with a minimum of three (3) days in office.

Salary Range NJ / MA: $140,000 - $190,000 base salary + annual target bonus BBH and its affiliates' compensation program includes base salary, discretionary bonuses, and profit-sharing. The anticipated base salary range(s) shown above are only for the indicated location(s) and may differ in other locations due to cost of living and labor considerations. Base salaries may vary based on factors such as skill, experience and qualification for the role. BBH's total rewards package recognizes your contributions with more than just a paycheck - providing you with benefits that enhance your experience at BBH from long-term savings, healthcare, and income protection to professional development opportunities and time off, our programs support your overall well-being.

We value diverse experiences. We value diverse experiences and transferrable skillsets. If your career hasn’t followed a traditional path, includes alternative experiences, or doesn’t meet every qualification or skill listed in the job description, please do go ahead and apply.

About BBH:

Brown Brothers Harriman (BBH) is a premier global financial services firm, known for premium service, specialist expertise, technology solutions and partnership approach to client management. Across Investor Services and Capital Partners, we work with an enviable roster of sophisticated clients who make BBH their first call when they are tackling their hardest challenges. Delivering for our clients and each other energizes us. We believe that how we do our work is just as important as what we do. We are relentless problem solvers who know our best ideas come from collective debate and development - so we are never possessive about our ideas. Every day we come together as a diverse community of smart and caring people to deliver exceptional service and expert advice - creating success that lasts. No matter where you sit in the organization, everyone is empowered to contribute their ideas. BBHers can pick up the phone and call any colleague, and they are happy to help. Expanding your impact beyond your daily role is part of how we operate as trusted partners to one another. We believe stability is a competitive advantage, but being stable means having the knowledge, skill, and discipline to evolve, often - pushing the boundaries of innovation. As a private partnership, we are uniquely built to put clients first and create success that lasts. We believe our success starts with yours. At BBH, partnership is more than just a form of ownership—it’s our approach to business and relationships. Every day we come together as a diverse community of smart and caring people to deliver exceptional service and expert advice. Across Investor Services and

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