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Operational Risk Analyst Jobs in Massachusetts (NOW HIRING)

ASK Consulting

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Compliance Risk Analyst - Junior (277156)

Marlborough, MA · On-site

$30.57/hr

Compliance Risk Analyst - Junior Location: Marlborough, MA (01752) Duration: 6 months (Possible ... Provides administrative and operational support for product compliance initiatives. * Other duties ...

State Street Global Advisors

Market Risk

Boston, MA · On-site +1

$82K - $180K/yr

This self-motivated Market Risk Analyst will use a strong technical and quantitative aptitude ... operations, assurance functions) and technology; and contributing to risk and/or regulatory ...

State Street Corporation

Market Risk

Boston, MA · On-site

$82K - $180K/yr

This self-motivated Market Risk Analyst will use a strong technical and quantitative aptitude ... operations, assurance functions) and technology; and contributing to risk and/or regulatory ...

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All JobsOperational Risk Analyst JobsOperational Risk Analyst Jobs in Massachusetts

Operational Risk Analyst information

See Massachusetts salary details

$42.6K

$93.7K

$169.3K

How much do operational risk analyst jobs pay per year?

As of Jun 8, 2026, the average yearly pay for operational risk analyst in Massachusetts is $93,747.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,500.00 and $114,100.00 per year, depending on experience, location, and employer.

What are some common challenges faced by Operational Risk Analysts, and how can these be effectively managed?

Operational Risk Analysts often face challenges such as identifying emerging risks, effectively communicating findings to stakeholders, and ensuring compliance with evolving regulations. Managing these challenges involves staying up-to-date with industry best practices, developing strong analytical and communication skills, and collaborating closely with other departments like compliance, IT, and internal audit. Building robust risk assessment frameworks and fostering a culture of transparency within the organization are also key to success in this role.

What does an Operational Risk Analyst do?

An Operational Risk Analyst is responsible for identifying, assessing, and mitigating risks that could impact a company's day-to-day business operations. They analyze processes, policies, and systems to detect potential operational failures or weaknesses. Their role often includes developing risk management strategies, monitoring risk indicators, and helping to ensure compliance with regulatory standards. They also work closely with other departments to implement best practices and improve overall risk awareness.

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

To thrive as an Operational Risk Analyst, you need a solid background in risk management, data analysis, and business processes, typically supported by a degree in finance, business, or a related field. Familiarity with risk assessment tools, governance frameworks, and systems like GRC (Governance, Risk, and Compliance) platforms or Excel is commonly required, and certifications such as FRM or CRM are advantageous. Strong analytical thinking, attention to detail, and effective communication skills help you identify risks and collaborate with stakeholders across the organization. These skills ensure accurate risk identification and mitigation, safeguarding the organization's assets and reputation.

What is the difference between Operational Risk Analyst vs Credit Risk Analyst?

AspectOperational Risk AnalystCredit Risk Analyst
Required CredentialsBachelor's degree in finance, risk management, or related field; certifications like FRM or CRMBachelor's degree in finance, economics, or related; certifications like CFA or FRM
Work EnvironmentFinancial institutions, banks, insurance companies; focus on internal processesBanking, lending institutions; focus on borrower creditworthiness
Employer & Industry UsageUsed across banking, insurance, and investment firms for risk mitigationPrimarily in banking and lending sectors for credit assessment
Common Search & Comparison IntentUnderstanding risk management roles within financial firmsAssessing credit risk and loan approval processes

Operational Risk Analysts focus on internal processes and operational hazards within financial institutions, while Credit Risk Analysts evaluate the creditworthiness of borrowers. Both roles require similar credentials and are vital in risk management but serve different aspects of financial risk assessment.

What are the most commonly searched types of Operational Risk Analyst jobs in Massachusetts? The most popular types of Operational Risk Analyst jobs in Massachusetts are:
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What job categories do people searching Operational Risk Analyst jobs in Massachusetts look for? The top searched job categories for Operational Risk Analyst jobs in Massachusetts are:
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Operational Risk Analyst jobs near you
Director of Risk Management

Director of Risk Management

Cabot Risk Strategies Llc

Woburn, MA • On-site

$90K - $130K/yr

Full-time

This job post has expired today. Applications are no longer accepted.

Job description





Director of Risk Management


Cabot Risk Strategies, LLC is a dynamic and highly experienced team of insurance professionals dedicated to delivering quality services to our clients. Our goal is to help our clients effectively manage risk through insured solutions; self-funded solutions or a combination of both. As a full-service insurance brokerage and consulting firm, we provide our clients a leading property, liability and employee benefits practice delivering best-in-class solutions and services. Based in Woburn, MA, Cabot Risk Strategies is easily accessed off of 93 and 128, and employs 100+ people. Please visit our web site at: https://www.cabotrisk.com.

Purpose and Description:

The Director of Risk Management provides strategic leadership, oversight, and direction for the organization’s enterprise and operational risk management programs. This role is responsible for developing, implementing, and continuously improving risk management strategies that reduce loss exposure, promote a culture of safety, and support the organization’s financial and operational objectives.

The Director leads a team of risk management professionals, partners closely with claims, legal, finance, IT, and external vendors, and serves as a trusted advisor to senior leadership. This position blends strategic planning, data‑driven decision‑making, and hands‑on leadership to proactively identify, assess, and mitigate current and emerging risks.

Essential Job Functions:

  • Management oversight, training, support, and performance evaluation of field-based risk management team
  • Detailed analysis of current and emerging program losses to establish focused risk management strategies at the program and individual client level supporting a dual partnership philosophy.
  • Creation of risk management training and advisory resources targeting loss exposures.
  • Compliance with contractual service obligations
  • On-going communication with Claim department to conduct root cause and after-action investigation of significant losses.
  • Annual creation of Client Action Plan roster.
  • Oversight of key processes and deliverables – Safety Committee meetings, action plans, Builders Risk inspections, training modules, DLS/OSHA compliance, client reward and grant opportunities, client services, and on-site inspections and surveys.

Additional Responsibilities:

  • Reinsurance – quantify risk management initiatives and results in support of reinsurance negotiations.
  • Analytic Reporting – monthly creation and report out of program results to program leadership and reinsurance broker.
  • Administration of vendor programs – data accumulation, property valuations, and sensor deployment.


Minimum Requirements

  • Bachelor’s degree in Risk Management, Finance, Business Administration, Safety, Insurance, or a related field.
  • Progressive leadership experience in risk management, insurance, safety, or loss control.
  • Demonstrated experience leading teams and managing complex, multi‑faceted risk programs.
  • Strong analytical skills with the ability to interpret data, identify trends, and drive strategic decisions.
  • Excellent communication and presentation skills, with experience advising senior leadership.


Cabot Risk Strategies, LLC is an Equal Opportunity Employer