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Operational Risk Associate Jobs in Massachusetts

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 ...

Role Summary The Associate Counsel, Contracting reports to the Senior Counsel - R&D, Contracting ... and operational risk. Primary Responsibilities * Provide practical, business-oriented contracting ...

Role Summary The Associate Counsel, Contracting reports to the Senior Counsel - R&D, Contracting ... and operational risk. Primary Responsibilities * Provide practical, business-oriented contracting ...

Assesses internal control design and operational effectiveness * Conducts audit testing of ... Ensures Risk Advisory Services Associates are trained on all relevant audit software and engagement ...

Assesses internal control design and operational effectiveness * Conducts audit testing of ... Ensures Risk Advisory Services Associates are trained on all relevant audit software and engagement ...

Analyze operational processes, loss history, inspection findings, and exposure data to determine ... ARM - Associate in Risk Management * CPCU - Chartered Property Casualty Underwriter * CRM - ...

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Operational Risk Associate information

See Massachusetts salary details

$12

$28

$58

How much do operational risk associate jobs pay per hour?

As of Aug 11, 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?

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 cities in Massachusetts are hiring for Operational Risk Associate jobs? Cities in Massachusetts with the most Operational Risk Associate job openings:
Infographic showing various Operational Risk Associate job openings in Massachusetts as of August 2026, with employment types broken down into 89% Full Time, 9% Part Time, and 2% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $59,617 per year, or $28.7 per hour.

Associate Director, Supplemental Health Claims Operations

Sun Life Financial

Wellesley Hills, MA • Hybrid

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

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


Sun Life Assurance Company of Canada rating

8.6

Company rating: 8.6 out of 10

Based on 18 frontline employees who took The Breakroom Quiz

89th of 304 rated insurance


Job description

Sun Life U.S. is one of the largest providers of employee and government benefits, helping approximately 50 million Americans access the care and coverage they need. Through employers, industry partners and government programs, Sun Life U.S. offers a portfolio of benefits and services, including dental, vision, disability, absence management, life, supplemental health, medical stop-loss insurance, and healthcare navigation. We have more than 6,400 employees and associates in our partner dental practices and operate nationwide.


At Sun Life, we're driven by our Purpose: helping our Clients achieve lifetime financial security and live healthier lives. Our values shape how we work: caring, authentic, bold, inspiring, and impactful.


When you join Sun Life, you'll work with passionate colleagues and empowering leaders who support your growth and celebrate your contributions, so you can make a meaningful difference in our Clients' lives.


Visit our website to discover how Sun Life is making life brighter for our customers, partners and communities.

Job Description:

This is a hybrid role; requiring two days a week on site at one of our core office locations

The Opportunity:

This is an exciting opportunity to lead a high-performing Supplemental Health Claims team within an organization known for its strong culture, commitment to clients, and focus on helping people in moments that matter. The Associate Director, Supplemental Health Claims, will provide strategic leadership and operational oversight for claims and service functions, helping shape a best-in-class experience for claimants, clients, and partners. This leader will drive service excellence, modernize end-to-end claims operations, strengthen regulatory and operational controls, and develop talented teams that are accountable, collaborative, and focused on continuous improvement.

What you will do:

Why This Role Matters

  • Play a highly visible leadership role in a growing and important part of the business.
  • Lead meaningful transformation across claims operations, service delivery, digital enablement, and process improvement.
  • Work with a collaborative, high-performing team that values accountability, development, and a strong service mindset.
  • Partner with leaders across Product, Technology, Legal, Compliance, Finance, Customer Experience, and Operations to deliver better outcomes for clients and claimants.

Key Responsibilities

Strategic Leadership & Execution

  • Execute a forward-looking claims strategy aligned with enterprise objectives, client needs, and market expectations.
  • Lead modernization initiatives that improve speed, quality, consistency, and the overall claimant and client experience.
  • Establish clear operational performance standards, KPIs, quality benchmarks, and operating rhythms to drive accountability and continuous improvement.
  • Use data, insights, and operational expertise to identify opportunities, prioritize process improvements, and deliver measurable outcomes.

Operational Excellence

  • Oversee day-to-day claims operations across multiple product lines, ensuring work is handled accurately, efficiently, and with strong service discipline.
  • Ensure seamless handling of complex, high-visibility, or escalated claims and service matters.
  • Drive continuous process improvement using data insights, Agile and Lean practices, automation, and workflow optimization.
  • Monitor operational capacity, resource allocation, service levels, productivity, quality, and risk indicators.

People Leadership & Team Development

  • Lead, coach, and develop claims managers and team members, creating an environment where people can do their best work and grow their careers.
  • Foster a culture of accountability, inclusion, collaboration, service excellence, and continuous learning.
  • Support workforce planning, training, talent development, engagement, and retention strategies.
  • Build team morale and strengthen employee experience through clear expectations, meaningful feedback, and visible leadership.

Compliance, Risk & Controls

  • Ensure adherence to federal and state regulations, internal policies, contractual obligations, and industry standards.
  • Partner with Legal, Compliance, Audit, Privacy, and operational risk teams to proactively identify, assess, and mitigate risks.
  • Maintain strong controls, documentation, and governance practices that protect data integrity, privacy, and operational resilience.
  • Promote a risk-aware culture while enabling efficient, client-centered execution.

Qualifications

  • Collaborate with Product, Underwriting, Technology, Finance, Customer Experience, and Operations teams to support business goals and strengthen service delivery.
  • Serve as a trusted claims subject matter expert in client meetings, escalations, audits, and strategic initiatives.
  • Represent the claims organization in cross-functional steering committees, enterprise projects, and transformation efforts.
  • Build strong relationships with internal and external partners to support client retention, operational readiness, and improved outcomes.

What you will bring with you:

Education & Experience

  • Bachelor's degree required; advanced degree or industry designation such as CPCU, AIC, or a related credential preferred.
  • 5+ years of progressive claims leadership experience, ideally within insurance, health benefits, supplemental health, or a related service environment.
  • Demonstrated success leading teams, managing complex operations, and delivering measurable improvements in quality, service, productivity, and customer experience.
  • Experience leading change, modernization, or transformation initiatives in a regulated environment.

Skills & Competencies

  • Strategic thinker with strong analytical, operational, and business acumen.
  • Proven ability to inspire teams, build trust, communicate clearly, and lead through change.
  • Strong relationship-building skills with the ability to influence across functions and levels.
  • Comfort using workflow systems, digital workflows, dashboards, and data to improve decisions and outcomes.
  • Sound judgment, attention to detail, and the ability to balance service, quality, compliance, and operational efficiency.

What We Offer

  • A chance to join a collaborative, high-performing team with meaningful visibility and impact.
  • An organization with a strong company culture, clear purpose, and commitment to helping clients and claimants when they need support most.
  • Opportunities to lead transformation, influence strategy, and shape the future of Supplemental Health claims operations.
  • A leadership environment that values accountability, continuous improvement, employee development, and strong partnerships.

At our company, we are committed to pay transparency and equity. The salary range for this role is competitive nationwide, and we strive to ensure that compensation is fair and equitable. Your actual base salary will be determined based on your unique skills, qualifications, experience, education, and geographic location. In addition to your base salary, this position is eligible for a discretionary annual incentive award based on your individual performance as well as the overall performance of the business. We are dedicated to creating a work environment where everyone is rewarded for their contributions. National Average Salary Range: $95,700 - $143,600

Not ready to apply yet but want to stay in touch? Join our talent community to stay connected until the time is right for you!

We are committed to fostering an inclusive environment where all employees feel they belong, are supported and empowered to thrive. We are dedicated to building teams with varied experiences, backgrounds, perspectives and ideas that benefit our colleagues, clients, and the communities where we operate. We encourage applications from qualified individuals from all backgrounds.

Life is brighter when you work at Sun Life

At Sun Life, we prioritize your well-being with comprehensive benefits, including generous vacation and sick time, market-leading paid family, parental and adoption leave, medical coverage, company paid life and AD&D insurance, disability programs and a partially paid sabbatical program. Plan for your future with our 401(k) employer match, stock purchase options and an employer-funded retirement account. Enjoy a flexible, inclusive and collaborative work environment that supports career growth. We're proud to be recognized in our communities as a top employer. Proudly Great Place to Work Certified in Canada and the U.S., we've also been recognized as a "Top 10" employer by the Boston Globe's "Top Places to Work" for two years in a row. Visit our website to learn more about our benefits and recognition within our communities.

We will make reasonable accommodations to the known physical or mental limitations of otherwise-qualified individuals with disabilities or special disabled veterans, unless the accommodation would impose an undue hardship on the operation of our business. Please email thebrightside@sunlife.comto request an accommodation.

For applicants residing in California, please read our employee California Privacy Policy and Notice.

We do not require or administer lie detector tests as a condition of employment or continued employment.

Sun Life will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws, including applicable fair chance ordinances.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Job Category:

Absence / Leave Management

Posting End Date:

16/08/2026

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