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Financial Risk Manager Jobs in Massachusetts (NOW HIRING)

National Grid

Risk Management Specialist

Waltham, MA · On-site

$109K - $128K/yr

... Manager and Risk Director in preparing materials, insights and analysis for risk workshops ... finance or audit from a recognised Institute (e.g., Enterprise Risk Management Certified ...

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 ...

Citizens

Fraud Risk Analytics Manager

Boston, MA · Hybrid

$105K - $130K/yr

... financial crime data science * Strong experience with fraud detection, prevention, and decisioning systems in complex environments * Demonstrated ability to balance risk reduction, customer ...

Citizens

Fraud Risk Analytics Manager

Boston, MA · Hybrid

$105K - $130K/yr

... financial crime data science * Strong experience with fraud detection, prevention, and decisioning systems in complex environments * Demonstrated ability to balance risk reduction, customer ...

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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 Jun 17, 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 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.

How much does a risk manager get paid?

A financial risk manager's salary varies based on experience, location, and industry, but typically ranges from $80,000 to $150,000 annually. Senior risk managers or those with specialized certifications like FRM or CFA can earn higher salaries, especially in large financial institutions or major financial centers.

What are the key skills and qualifications needed to thrive as a Financial Risk Manager, and why are they important?

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 does a finance risk manager do?

A financial risk manager identifies, analyzes, and mitigates potential financial risks that could impact an organization, such as market, credit, or operational risks. They use tools like risk assessment models and financial analysis to develop strategies that protect the company's assets and ensure regulatory compliance. Strong analytical skills, knowledge of financial markets, and relevant certifications like FRM or CFA are often required.

What is the salary of risk manager?

The salary of a Financial Risk Manager at JP Morgan typically ranges from $90,000 to $150,000 annually, depending on experience, location, and certifications such as FRM or CFA. Senior risk managers or those in high-cost areas may earn higher compensation, including bonuses and benefits.

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.

Do risk managers make good money?

Financial risk managers typically earn competitive salaries that vary by experience, location, and industry. According to industry reports, median annual salaries range from $80,000 to over $150,000, with senior roles and certifications like FRM or CFA often commanding higher pay. Risk management skills in data analysis and financial modeling are highly valued in this field.
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 June 2026, with employment types broken down into 1% As Needed, 76% Full Time, 18% Part Time, 2% Temporary, and 3% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $121,833 per year, or $58.6 per hour.

Risk Management Specialist

National Grid

Waltham, MA • On-site

$109K - $128K/yr

Full-time

Posted 28 days ago

Job description

About us
Every day we deliver safe and secure energy to homes, communities, and businesses. We are there when people need us the most. We connect people to the energy they need for the lives they live. The pace of change in society and our industry is accelerating and our expertise and track record puts us in an unparalleled position to shape the sustainable future of our industry.
To be successful we must anticipate the needs of our customers, reducing the cost of energy delivery today and pioneering the flexible energy systems of tomorrow. This requires us to deliver on our promises and always look for new opportunities to grow, both ourselves and our business.
National Grid is seeking a Risk Management Specialist for our General Counsel, Risk & Compliance Assurance team. This position is located in Waltham, Massachusetts, Brooklyn, NY and/or Melville, NY with hybrid working.
Job Purpose
Support the delivery of the organisation's Group-wide Enterprise Risk Management Framework and Processes, ensuring conformance with internal policies, methodology, and relevant regulations, including Provision 29 of the UK Corporate Governance Code 2024.
Assist with the implementation of effective risk management activities aligned with National Grid's Enterprise Risk Management (ERM) Framework. Able to support and review the application of the risk management process and assess gaps, issues and recommendations for improvements.
Key Accountabilities
• Support Risk team on applying effective risk management oversight and support on day-to-day core risk management activities in line with the ERM Framework.
• Supports the Risk Manager and Risk Director in preparing materials, insights and analysis for risk workshops, stakeholder meetings and reporting.
• Strong knowledge and understanding of all elements of the risk management process and able to provide clear and insightful updates of status, actions and gaps.
• Contributes to internal projects, as needed, on risk management issues or areas of concern as directed by the Risk Manager or Risk Director, that align with business and ERM objectives.
Qualifications
• 2-3+ years of experience in professional risk management field or related professional field, including experience working on Enterprise Risk Management (ERM) projects or teams.
• Bachelor's degree (or equivalent) in risk management, business administration, accounting or similar relevant field.
• Professional Qualification (or working towards it) in risk management, finance or audit from a recognised Institute (e.g., Enterprise Risk Management Certified Professional (ERMCP), Certified Risk Manager (CRM), Certified Risk Management Professional (CRMP), Chartered Accountant (ACA, ACCA, ICAS), Certified Public Accountant (CPA) or Certified Internal Auditor (CMIIA or CIA)) or actively working towards qualification (desirable but not required).
• Ability to provide technical support and advice on core elements of the risk management process demonstrating sound technical knowledge and good communication skills, both written and verbal.
• Strong planning and reporting skills.
• Developing analytical skills, data analytics skills preferable, and good understanding of visualisation tools (e.g., PowerBI) and the use of GRC technology to document work and drive insights.
• Problem solving skills and continuous improvement mentality.
More Information
#LI-MR1 #LI-HYBRID
Salary
$102k - $119k a year in Waltham, MA
$109k - $128k a year in Brooklyn, NY and/or Melville, NY
National Grid utilizes an assessment that evaluates the job qualifications/characteristics using AI or statistically based scoring. For more information, please view NYC Local Law 144.
This position has a career path which provides for advancement opportunities within and across bands as you develop and evolve in the position; gaining experience, expertise and acquiring and applying technical skills. Candidates will be assessed and provided offers against the minimum qualifications of this role and their individual experience.
National Grid is committed to providing equal employment opportunities to all employees and applicants for employment regardless of protected class. We do not discriminate on the basis of race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age, disability, genetic information, or any other protected status in accordance with applicable federal, state, and local laws. National Grid maintains affirmative action programs for individuals with disabilities and protected veterans.
Our employment practices are designed to ensure that all individuals are treated fairly and with respect throughout the hiring process and during employment. National Grid complies with all applicable federal, state, and local anti-discrimination laws. We are dedicated to fostering a workplace that is free from unlawful discrimination and harassment, and we encourage a culture of respect for all.

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