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Operational Risk Associate Jobs in Massachusetts

AIG

Associate Actuary - Risk Management

Boston, MA · On-site

$115K - $145K/yr

Associate Actuary - Risk Management At AIG, we are reimagining the way we help customers to manage ... We collaborate with Finance, Claims, Operations, Marketing and Risk Management, among other ...

Barings

Portfolio Analytics, Senior Associate

Boston, MA

$90K - $105K/yr

At Barings, we are as invested in our associates as we are in our clients. We recognize those who ... operational risk. This role sits within Barings Portfolio Finance's Portfolio Analytics team, a ...

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All JobsOperational Risk Associate JobsOperational Risk Associate Jobs in Massachusetts

Operational Risk Associate information

See Massachusetts salary details

$12

$28

$58

How much do operational risk associate jobs pay per hour?

As of Jun 29, 2026, the average hourly pay for operational risk associate in Massachusetts is $28.66, according to ZipRecruiter salary data. Most workers in this role earn between $19.42 and $33.08 per hour, depending on experience, location, and employer.

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

To thrive as an Operational Risk Associate, you need strong analytical skills, knowledge of risk management frameworks, and a background in finance, business, or a related field. Familiarity with risk assessment tools, regulatory compliance systems, and certifications such as FRM or CRISC is often required. Attention to detail, problem-solving ability, and effective communication are vital soft skills for identifying risks and collaborating with teams. These skills ensure accurate risk identification, regulatory compliance, and the development of strategies to mitigate operational losses.

What are the typical challenges an Operational Risk Associate faces when working with cross-functional teams?

Operational Risk Associates often collaborate with departments such as compliance, audit, IT, and business operations to identify and mitigate potential risks. One common challenge is ensuring clear communication and alignment across teams with different priorities and risk tolerances. Additionally, navigating data inconsistencies and varying risk awareness levels can make it difficult to implement standardized controls. Building strong relationships and maintaining open channels for feedback help address these challenges and foster a proactive risk culture.

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

AspectOperational Risk AssociateCredit Risk Analyst
Required CredentialsBachelor's degree, certifications like FRM or ORMBachelor's degree, certifications like CFA or FRM
Work EnvironmentFinancial institutions, risk management teamsBanking, lending institutions, credit departments
Employer & Industry UsageUsed in risk management departments across finance sectorsCommon in banking and lending sectors for credit assessment
Comparison Search IntentUnderstanding risk management roles in operationsAssessing credit risk and loan viability

The Operational Risk Associate focuses on identifying and mitigating risks related to operational processes within financial institutions, while the Credit Risk Analyst specializes in evaluating the creditworthiness of borrowers. Both roles require similar certifications and work in risk-related departments, but their core responsibilities differ—one manages operational risks, the other assesses credit risks.

What does an Operational Risk Associate do?

An Operational Risk Associate is responsible for identifying, assessing, and helping to mitigate risks that could impact a company's day-to-day operations. They work to ensure that processes, systems, and controls are in place to minimize the likelihood and impact of operational failures, such as fraud, system breakdowns, or regulatory breaches. Their duties often include risk assessments, incident reporting, data analysis, and supporting the implementation of risk management policies and procedures. Operational Risk Associates frequently collaborate with other departments to raise awareness and promote a strong risk culture within the organization.
What are the most commonly searched types of Operational Risk jobs in Massachusetts? The most popular types of Operational Risk jobs in Massachusetts are:
What are popular job titles related to Operational Risk Associate jobs in Massachusetts? For Operational Risk Associate jobs in Massachusetts, the most frequently searched job titles are:
What job categories do people searching Operational Risk Associate jobs in Massachusetts look for? The top searched job categories for Operational Risk Associate jobs in Massachusetts are:
What cities in Massachusetts are hiring for Operational Risk Associate jobs? Cities in Massachusetts with the most Operational Risk Associate job openings:
Operational Risk Associate jobs near you
Infographic showing various Operational Risk Associate job openings in Massachusetts as of June 2026, with employment types broken down into 1% As Needed, 63% Full Time, 33% Part Time, 1% Temporary, and 2% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $59,617 per year, or $28.7 per hour.
Risk Management Associate

Risk Management Associate

First Realty Management Corp

Boston, MA • On-site

$95K - $110K/yr

Full-time

Posted 3 days ago

Job description

A family-owned and privately held property management company, First Realty Management has more than 65 years of experience with the industry knowledge to match. We combine the resources of a large company with the personal touch and attention to detail of a small, local firm.

At the core of it all, our talented employees make us stand out above the rest. While we perform as a top-tier property management company, we strongly emphasize our close-knit, family-owned foundation. Professional growth is encouraged through a commitment to educational advancement and opportunities to learn from industry thought leaders. We create a sought-after community atmosphere by recognizing and celebrating those who go above and beyond. And above all else – we always put our team members first.


The Risk Management Team at First Realty Management is responsible for protecting employees and property of First Realty Management across its 5 divisions:

  • First Realty Management (FRM) (corporate entity responsible for Property Management)
  • Apartments (wholly owned and managed)
  • Apartments (managed on behalf of clients)
  • Condominiums (managed on behalf of clients)
  • Commercial Retail


The role reports to the Chief Financial Officer and works closely with Finance and Operations to manage insurance policies and renewals and administer claims.

This person will analyze insurance policies to ensure proper insurance coverage is in place, by administering and tracking claims, and by educating employees on preventative maintenance, loss control and claims management.


Keys To the Role:

The below are key tasks for this role to be successful and best assist First Realty Management:

  1. Identification of risk and potential loss to First Realty Management from its operations

  1. Research and Identification of options to mitigate risk and loss

  1. Negotiation and implementation of insurance policies through and/or working with Insurance Agents.

  1. Monitoring, renewal and payment of all insurance policies to ensure appropriate coverage is in place

  1. Identifying changes to policies and its impact on Risk Management

  1. Ensuring the completion of Loss Control Items

  1. Identification and Implementation of Preventative Maintenance measures


  1. Timely reporting of any Incident Reports and Claims to insurance companies

  1. Monitoring claims to ensure they are resolved and paid in a full and in a timely fashion

  1. Timely and accurate reporting on any legal matters relating to Risk Management and Insurance to Management including ensuring any associated items are monitored and appropriately addressed

  1. Accurate record keeping of all documents related to Risk Management

  1. Ability to report to management on: losses incurred; the cost of risk mitigation; and analysis critical to demonstrating performance and decision making

  1. The education and support of staff to successfully achieve preventative risk measures and favorably resolve any Risk Management items.

Qualifications:

  • Knowledge of insurance contracts
  • Knowledge of insurance and risk transfer techniques
  • Excellent Attention to detail
  • Basic math skills
  • Excellent communication skills, both verbal and written
  • Strong computer skills including knowledge of MS Word and Excel

Requirements:

  • Bachelor's degree in Business, Risk Management, or related field preferred
  • Basic industry designations (INS, AIC, notary) preferred
  • Insurance Producers License in the State of Massachusetts preferred
  • Minimum 3 years of risk management and claim management experience
  • Property management experience preferred