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Junior Risk Analyst Jobs in Boston, MA (NOW HIRING)

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How much do junior risk analyst jobs pay per hour?

As of Aug 22, 2026, the average hourly pay for junior risk analyst in Boston, MA is $34.89, according to ZipRecruiter salary data. Most workers in this role earn between $25.05 and $38.37 per hour, depending on experience, location, and employer.

What is a junior risk analyst?

A Junior Risk Analyst is an entry-level professional responsible for identifying, assessing, and mitigating potential risks within an organization. They analyze financial data, market trends, and operational processes to help senior risk analysts and management make informed decisions. Key tasks include data collection, risk modeling, report preparation, and ensuring compliance with regulatory guidelines. Strong analytical skills, attention to detail, and knowledge of risk management principles are essential for success in this role.

What are the typical responsibilities of a junior risk analyst on a day-to-day basis?

As a Junior Risk Analyst, your daily tasks often include gathering and analyzing data related to market, credit, or operational risks, preparing risk reports, and assisting with the development of risk models. You may also support more senior analysts with research projects, help monitor compliance with risk policies, and participate in meetings to discuss findings and recommendations. Collaboration with other departments, such as finance, compliance, and operations, is common to ensure all relevant data is considered. This role provides hands-on experience in risk assessment processes and working as part of a broader risk management team, making it a great opportunity to learn and grow in the field.

What are the key skills and qualifications needed to thrive in the junior risk analyst position, and why are they important?

To thrive as a Junior Risk Analyst, you need strong analytical abilities, attention to detail, and a degree in finance, economics, mathematics, or a related field. Familiarity with risk management software, Excel, data analysis tools, and an understanding of regulatory frameworks such as Basel or SOX are beneficial, and certifications like FRM or CFA are advantageous. Effective communication, critical thinking, and a collaborative mindset are key soft skills for excelling in this role. These competencies enable you to accurately assess risks, contribute valuable insights, and work seamlessly within interdisciplinary teams to support organizational decision-making.

How much do risk analysts get paid?

Risk analysts typically earn a median annual salary of around $70,000 to $90,000, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn over $100,000 annually.

How to become a junior risk analyst with no experience?

To become a junior risk analyst with no experience, focus on gaining relevant skills such as data analysis, Excel, and understanding risk management concepts through online courses or certifications. Internships or entry-level positions in finance or data analysis can provide practical experience, and a bachelor's degree in finance, economics, or a related field is often required.

What are the most commonly searched types of Risk Analyst jobs in Boston, MA?

The most popular types of Risk Analyst jobs in Boston, MA are:

What are popular job titles related to Junior Risk Analyst jobs in Boston, MA?

For Junior Risk Analyst jobs in Boston, MA, the most frequently searched job titles are:

What job categories do people searching Junior Risk Analyst jobs in Boston, MA look for?

The top searched job categories for Junior Risk Analyst jobs in Boston, MA are:

What cities near Boston, MA are hiring for Junior Risk Analyst jobs?

Cities near Boston, MA with the most Junior Risk Analyst job openings:

Junior Risk Analyst jobs near you
Infographic showing various Junior Risk Analyst job openings in Boston, MA as of August 2026, with employment types broken down into 1% As Needed, 86% Full Time, 9% Part Time, and 4% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $72,574 per year, or $34.9 per hour.

AVP Senior Commercial Credit Analyst

Winchester Savings Bank

Winchester, MA • On-site

$86K - $137K/yr

Full-time

Re-posted 16 days ago

Job description

SUMMARY DESCRIPTION

Responsible for performing a full range of credit functions for existing and prospective borrowers, both businesses and individuals that are in line with the policies and procedures set forth for the Commercial Lending and Commercial Credit departments. Primary function: to objectively evaluate the credit risk on more complex commercial loan requests and provide recommendations in a succinct written format for use in the commercial loan approval and review process. Additionally, the Senior Credit Analyst plays a key role in mentoring junior team members and enhancing the overall credit process.

ESSENTIAL JOB FUNCTIONS

  • Conduct thorough and timely analysis of financial information for complex loan requests, loan modifications, renewals, and periodic reviews.
  • Review new requests and perform annual reviews for cash management limits for ACH, RDC and Wires.
  • Perform annual reviews on critical vendors.
  • Maintain and monitor the overall credit quality of the commercial loan portfolio and ensure the accuracy of each loan’s risk rating on a periodic basis.
  • Order and/or review various reports for accuracy, completeness and potential risks such as appraisals and environmental reports.
  • Support other credit risk management activities within the department and other areas of the Bank and assist with internal/external audits or regulatory compliance matters.
  • Adhere to guidelines and prepare/maintain various reports as outlined in the Commercial Credit Procedures.
  • Review and recommend updates to the commercial lending and/or credit policies & procedures and assist in their implementation.
  • Mentor and act as a resource in the development of junior team members.
  • Assist Sr. Credit Manager with special projects, process improvements and overseeing credit department.
  • Establish and maintain professional, respectful and effective working relationships with internal and external customers.
  • Perform additional related duties as required or directed.

QUALIFICATIONS

  • Bachelor’s Degree (or equivalent experience), preferably in business, finance, or accounting, or minimum of 5 years of banking/financial service experience.
  • Proficient in Microsoft Office and general computer use.
  • Strong quantitative/analytical and research skills requiring minimal guidance.
  • Excellent verbal and written communication skills.
  • Strong interpersonal skills. Works well in a collaborative team environment, and independently.
  • Self-driven, highly accountable, and shows initiative.
  • Ability to effectively manage competing tasks and deadlines.

NOTICE

This list of duties is not intended to be all-inclusive and may be expanded to include other duties that may be deemed necessary by management from time to time. The Bank reserves the right to modify, interpret, or apply the job description in any way the company desires and that the job description is not a contract for employment. All employment is “at will”. Also, employee is expected to have knowledge of and adherence to Bank policies and procedures. The employee complies with state and federal regulations and specific BSA/AML related regulations and all information security related regulations.

Work Environment: This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

EEOC Statement: WSB provides equal employment opportunity to all individuals regardless of their race, color, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law.