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Insurance Risk Manager Jobs in Shrewsbury, MA (NOW HIRING)

Citizens

First Line Risk Senior Manager

Westwood, MA · Hybrid

$115K - $145K/yr

As the First Line Risk Senior Manager , you will represent the first line of defense and identify and mitigate potential risks through the identification, management, and mitigation of the risk and ...

Citizens

First Line Risk Senior Manager

Westwood, MA · Hybrid

$115K - $145K/yr

As the First Line Risk Senior Manager , you will represent the first line of defense and identify and mitigate potential risks through the identification, management, and mitigation of the risk and ...

Chubb

Risk Engineer, Property & Casualty

Boston, MA · Remote

$89K - $119K/yr

... for commercial insurance policyholders. The position will report to the Regional Risk Consulting Manager and directly support our New England territory. Regular travel is sometimes required ...

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Insurance Risk Manager information

See Shrewsbury, MA salary details

$84.1K

$123.8K

$189.5K

How much do insurance risk manager jobs pay per year?

As of Jul 16, 2026, the average yearly pay for insurance risk manager in Shrewsbury, MA is $123,792.00, according to ZipRecruiter salary data. Most workers in this role earn between $102,900.00 and $140,600.00 per year, depending on experience, location, and employer.

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

To thrive as an Insurance Risk Manager, you need expertise in risk assessment, analytical thinking, and a strong understanding of insurance principles, often supported by a relevant degree and certifications like ARM or CPCU. Familiarity with risk modeling software, statistical analysis tools, and regulatory compliance systems is typically required. Strong communication, decision-making, and problem-solving skills help you effectively advise stakeholders and manage complex risk scenarios. These abilities are crucial for identifying, evaluating, and mitigating risks to protect organizational assets and ensure regulatory compliance.

What is the difference between Insurance Risk Manager vs Insurance Underwriter?

AspectInsurance Risk ManagerInsurance Underwriter
CredentialsTypically requires a bachelor's degree in risk management, finance, or related fields; professional certifications like ARM or CPCU are commonUsually holds a bachelor's degree in finance, economics, or related areas; certifications like CPCU or ARe are beneficial
Work EnvironmentWorks in corporate risk management departments, analyzing and mitigating risks for the companyWorks in insurance companies, assessing individual or business applications to determine coverage and premiums
Employer & Industry UsageUsed by insurance companies and large corporations to manage risk exposurePrimarily employed by insurance carriers to evaluate and approve insurance policies

While both roles involve understanding insurance policies, the Insurance Risk Manager focuses on overall risk mitigation strategies within an organization, whereas the Insurance Underwriter evaluates individual insurance applications to determine coverage and pricing.

What does an Insurance Risk Manager do?

An Insurance Risk Manager is responsible for identifying, assessing, and mitigating risks that could negatively impact an organization’s assets, operations, or reputation. They analyze various types of risks—including financial, operational, and compliance risks—and develop strategies to minimize potential losses. Insurance Risk Managers also advise on appropriate insurance coverage, negotiate policies with insurers, and ensure that the company complies with relevant regulations to protect against unforeseen events.

What are the most common challenges Insurance Risk Managers face when working across different departments?

Insurance Risk Managers often collaborate with various departments such as underwriting, claims, and compliance to identify and mitigate potential risks. One common challenge is ensuring clear communication and alignment of risk policies across teams that may have different priorities or levels of risk awareness. Balancing regulatory requirements with business objectives can also be complex, requiring strong negotiation and relationship-building skills. Successfully navigating these challenges helps create a unified risk culture and strengthens the organization's overall resilience.
What job categories do people searching Insurance Risk Manager jobs in Shrewsbury, MA look for? The top searched job categories for Insurance Risk Manager jobs in Shrewsbury, MA are:
What cities near Shrewsbury, MA are hiring for Insurance Risk Manager jobs? Cities near Shrewsbury, MA with the most Insurance Risk Manager job openings:
Insurance Risk Manager jobs near you
Senior Manager, Risk Operations

Senior Manager, Risk Operations

Fidelity Investments

Boston, MA • On-site

$147K - $157K/yr

Full-time

Re-posted 9 days ago

Fidelity Investments rating

8.7

Company rating: 8.7 out of 10

Based on 266 frontline employees who took The Breakroom Quiz

17th of 148 rated financial services

Job description


Position Description:
Conducts risk assessments -- detailing controls, identifying potential gaps and inconsistencies, and making sound recommendations for improvement and mitigation -- in alignment with regulatory guidelines. Modernizes risk management and tests using data investigation. Builds risk management reporting using data visualization tools (Tableau and Power BI). Performs day-to-day risk operations, issue, and audit management process, using Archer GRC risk platforms. Supports and coordinates processes to comply with laws and regulations relating to operational risks. Provides senior management with updates on the overall status of Operational Controls and Governance, along with action plans to address and remediate identified issues.
Primary Responsibilities:
  • Establishes new technology-based solutions to test systems processes.

  • Creates solutions to address testing and oversight requirements.

  • Creates risk assessment, control testing, and compliance related work.

  • Presents assessment findings to partners and finalizes remediation timelines.

  • Ensures appropriate remediation and accountability tracking and monitoring of daily trade activities for equity, fixed income, and alternative funds and accounts.

  • Identifies anomalies in portfolios and ensures investment policy limitations are followed.

  • Collaborates across teams to optimize support provided to the business.

  • Develops innovative solutions to enhance testing controls.

  • Delivers results in an accurate and timely manner.

  • Serves as a critical link between data and technology teams and executive leadership.

  • Recognizes systems issues, assesses risks, and identifies items requiring escalation.

  • Builds and implements strategies that use analytics techniques, tools, and methods.

Education and Experience:
Bachelor's degree in Computer Science, Engineering, Engineering Management, Information Technology, Information Systems, or a closely related field (or foreign education equivalent) and five (5) years of experience as a Senior Manager, Risk Operations (or closely related occupation) performing daily risk monitoring and reporting, assessing environment control, identifying potential risk issues, and driving risk mitigation efforts, within a global asset management or financial service industry.
Or, alternatively, Master's degree in Computer Science, Engineering, Engineering Management, Information Technology, Information Systems, or a closely related field (or foreign education equivalent) and three (3) years of experience as a Senior Manager, Risk Operations (or closely related occupation) performing daily risk monitoring and reporting, assessing environment control, identifying potential risk issues, and driving risk mitigation efforts, within a global asset management or financial service industry.
Skills and Knowledge:
Candidate must also possess:
  • Demonstrated Expertise ("DE") conducting advanced data analysis on portfolio accounting, portfolio and security reference, index, and performance and attribution data, using SQL, Excel, and Tableau, to monitor and translate complex analytics into strategic insights for alignment between operation execution and business objectives; and performing complex data querying of data lakes and Cloud data platforms (Snowflake), using SQL.

  • DE automating control testing processes by removing manual processes of data gathering, filtering, cleaning, and analyzing data using, OBIEE, SQL Developer, Snowflake, and Tableau; creating and tracking Key Risk Indicators (KRI) to identify trends and mitigate risks, using a KRI dashboard; and developing and executing detailed test plans that address potential risks in risk management and operation systems, reporting applications, and tools, to support systems testing in User Acceptance Testing (UAT) and Production environment.

  • DE identifying regulatory and operational risks, and root causes for risk issues and audits, using Archer GRC; creating reports and presentations from systems of record using Archer GRC, internal error tracking tools, Excel, and Tableau; and translating identified risks, issues, and action plans, into formats that executive leadership can use to aid in risk management and decision making, using PowerPoint, Tableau, and SharePoint.

  • DE conducting proactive risk and readiness assessments, aligned with key business risks and their financial impacts, using Snowflake and Bloomberg; and researching incidents and assigning gains and losses to associated events, using Excel, Tableau, and General Ledger (GL) platforms, give senior executives clear insights that connect risk exposure to performance and support issue tracking.

Salary: $147,081.00 - $157,081.00/year.
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Certifications:
Category:
Risk
Please be advised that Fidelity's business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

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