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Financial Risk Jobs in Massachusetts (NOW HIRING)

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Financial Risk information

What is the difference between Financial Risk vs Credit Analyst?

AspectFinancial RiskCredit Analyst
Primary FocusIdentifying and managing financial risks across investments, markets, and corporate strategiesAssessing creditworthiness of individuals or companies to determine loan eligibility
Required CredentialsFinance, risk management certifications, often a degree in finance or economicsFinance, accounting, or economics degree; certifications like CFA or credit-specific training
Work EnvironmentFinancial institutions, investment firms, corporate risk departmentsBanks, lending institutions, credit agencies
Industry UsageWidely used in banking, investment, and corporate sectors for risk mitigationPrimarily in banking and lending sectors for credit assessment

Financial Risk professionals focus on identifying and mitigating potential financial losses across various areas, while Credit Analysts specialize in evaluating the creditworthiness of borrowers to facilitate lending decisions. Both roles require finance-related credentials and are integral to financial institutions, but their core responsibilities differ significantly.

What are the 4 types of financial risk?

Financial risk for professionals in the field includes four main types: market risk, which involves potential losses from market fluctuations; credit risk, the possibility of borrower default; liquidity risk, the challenge of meeting short-term financial demands; and operational risk, arising from internal processes or systems failures. Understanding these risks is essential for effective risk management and decision-making in finance roles.

Do risk analysts make good money?

Risk analysts typically earn competitive salaries that vary by industry, experience, and location. Entry-level positions often start around $60,000 annually, with experienced professionals earning over $100,000, especially in finance and consulting sectors. Certifications like FRM or CFA can enhance earning potential.

What is a risk finance job?

A risk finance job involves analyzing and managing financial risks that an organization faces, such as credit, market, or operational risks. Professionals in this field often use quantitative models, financial analysis tools, and risk management frameworks to help organizations minimize potential losses and ensure financial stability.

What is a financial risk job?

A financial risk job involves identifying, analyzing, and managing potential financial losses for an organization. Professionals in this field often use risk assessment tools, financial modeling, and data analysis to develop strategies that minimize exposure to risks such as market fluctuations, credit defaults, or operational failures.
What are the most commonly searched types of Financial Risk jobs in Massachusetts? The most popular types of Financial Risk jobs in Massachusetts are:
What cities in Massachusetts are hiring for Financial Risk jobs? Cities in Massachusetts with the most Financial Risk job openings:
Financial Risk jobs near you

Sr. Client Service Specialist, Commercial Risk - IAS Northeast

The Baldwin Group

Boston, MA • Hybrid

$60K/yr

Other

Posted 16 days ago

Job description

POSITION SUMMARY:
  • 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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The Baldwin Group will not accept unsolicited resumes from any source other than directly from a candidate who applies on our career site. Any unsolicited resumes sent to The Baldwin Group, including unsolicited resumes sent via any source from an Agency, will not be considered and are not subject to any fees for any placement resulting from the receipt of an unsolicited resume.

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