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Financial Risk Manager Jobs in Massachusetts (NOW HIRING)

State Street Global Advisors

Market Risk

Boston, MA · On-site +1

$82K - $180K/yr

Substantial interaction with traders and other support functions; helping develop risk management ... Master's degree or its equivalent in Financial Mathematics, Statistics, or related quantitative ...

State Street Corporation

Market Risk

Boston, MA · On-site

$82K - $180K/yr

Substantial interaction with traders and other support functions; helping develop risk management ... Master's degree or its equivalent in Financial Mathematics, Statistics, or related quantitative ...

RSM

SAP Transformation Risk Manager

Boston, MA

... 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 ...

New

Mass Advantage

Manager, Risk Adjustment

Worcester, MA · On-site

We are looking for a Manager of Risk Managment to oversee Mass Advantages's full suite of Risk ... Analytics, Finance & Bid Support * Build and maintain the RA analytics layer - dashboards, KPIs ...

State Street Corporation

Quantitative Risk

Boston, MA · On-site

$104K - $180K/yr

Must have: demonstrated ability to collaborate with third-party vendors to integrate, validate and enhance financial risk tools and ensure alignment with internal risk management framework ...

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All JobsFinancial Risk JobsFinancial Risk Manager JobsFinancial Risk Manager Jobs in Massachusetts

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 Aug 23, 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 job categories do people searching Financial Risk Manager jobs in Massachusetts look for?

The top searched job categories for Financial Risk Manager jobs in Massachusetts are:

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

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

Financial Risk Manager jobs near you
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. Client Service Specialist, Commercial Risk - IAS Northeast

Baldwin Company

Boston, MA • On-site

$60K/yr

Other

Re-posted 24 days ago

Job description

Sr Client Service Specialist, Commercial Risk

The Sr Client Service Specialist, Commercial Risk works closely with advisors, line-of-business specialists, and dedicated client servicing professionals to analyze client data, evaluate needs, and help create effective risk management solutions designed to meet clients' financial goals.

Primary Responsibilities:
  • Prepares premium allocations.
  • Prepares and updates draft renewal proposals.
  • Prepares documents for presenting risks to market.
  • Prepares applications, summaries of insurance, and other coverage related documents.
  • Assists client service teams in the preparation of presentation materials.
  • Analyzes and summarizes complex data and compiles reports without supervision.
  • Records data into appropriate insurance company and firm software programs.
  • Processes complex audits and complete audit worksheets.
  • Reviews contract requirements for complex cert requests.
  • Reviews quotes in depth.
  • Quotes flood and builder's risks policies as requested by an Account Manager.
  • Handles processed based quoting for assigned book i.e. NFIP, bonds, small builder's risk
  • Handles the renewing of bonds and flood policies.
  • Identifies and follow up on binding subjectivities.
  • Trains and mentors other Analysts.
  • Completes special projects as assigned.
  • Looks for opportunities to improve the firm, business segment and processes.
  • Brings issues and discrepancies to the attention of appropriate leadership.
Education And Experience Requirements:
  • Experience (years and type of experience): 2 years' experience in the insurance industry required; 3+ years' experience in the insurance industry preferred
  • Certification(s): None required; None preferred
  • License(s): Maintains all licenses as required by the State Department of Insurance to provide service, consultation, and financial risk transfer solutions in states where the firm functions or be willing and able to obtain all required licenses within the first 90 days of employment required; Maintains all licenses as required by the State Department of Insurance to provide service, consultation, and financial risk transfer solutions in states where the firm functions or be willing and able to obtain all required licenses within the first 90 days of employment preferred
Knowledge, Skills, And Abilities Required:
  • Strong analytical, research and problem-solving skills.
  • High attention to detail.
  • Strong verbal and written communications skills.
  • Ability to multi-task and work effectively in a fast-paced team environment.
  • Demonstrates the organization's core values, exuding behavior that is aligned with the firm's culture
Technical, Computer, And System-Specific Skills Required:
  • Intermediate to advanced knowledge of Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)
  • Ability to learn any other appropriate program or software system used by the firm as necessary
Other Requirements:
  • None
Special Working Conditions:
  • Fast paced multi-tasking environment
Important Notice:
  • This position description is intended to describe the level of work required of the person performing in the role and is not a contract. The essential responsibilities are outlined; other duties may be assigned as needs arise or as required to support the organization. All requirements may be subject to reasonable accommodations to applicants and colleagues who need them for medical or religious reasons.
EEOC (Statement):
  • BRP is an equal employment opportunity firm and strives to comply with all laws prohibiting discrimination based on race, color, religion, age, sex (including sexual orientation and gender identity), national origin or ancestry, disability, military status, marital status, and any other category protected by federal, state, or local laws. All such discrimination is unlawful, and all persons involved in the operations of the firm are prohibited from engaging in this conduct.

The starting pay is $60,000+ annually. Salary is negotiable upon time of hire.

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