ZipRecruiter

Log In

1

Operational Risk Associate Jobs in Massachusetts

next page

Showing results 1-20

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.
Senior Associate, Investment Operations - Portfolio Control

Senior Associate, Investment Operations - Portfolio Control

Acadian Asset Management LLC

Boston, MA • On-site

$105K - $125K/yr

Full-time

Medical, Retirement

Posted 7 days ago

Key responsibilities

  • Oversee portfolio accounting, custody, and middle-office functions, resolving discrepancies across internal systems and external providers.

  • Prepare documentation and act as a liaison for new account onboarding, including internal system setups and counterparty welcome packages.

  • Manage and participate in oversight of fund expense processes, prepare regulatory, compliance, and tax filings, and support audits.

Job description

Acadian Asset Management is a global, systematic investment manager at the forefront of data-driven investing since 1986. Headquartered in Boston, with locations in Singapore, London, and Sydney, we manage over $195 billion on behalf of leading institutions worldwide-including pension funds, endowments, foundations, and sovereign wealth funds. We harness advanced technology, rich datasets, and multidisciplinary expertise to help clients navigate complex markets and uncover insights that may be overlooked by traditional approaches.
What sets Acadian apart is our people. We foster a collaborative, intellectually curious environment where ideas are tested, diverse perspectives are welcomed, and innovation thrives. We're united by a shared purpose: delivering effective client outcomes and supporting one another in work that's both challenging and rewarding. We offer a flexible hybrid work environment, strong benefits, and a casual but focused office culture-all designed to support the meaningful, collaborative work that defines Acadian.
Position Overview:
The role is in the Portfolio Control group within the Investment Operations department. The Portfolio Control team sits at the intersection of operations, fund accounting, and external service providers, with a focus on oversight, control, and issue resolution across client portfolios and Acadian funds. This role is responsible for ensuring the integrity of portfolio data, managing key operational relationships, and supporting the lifecycle of client accounts from onboarding through ongoing maintenance. In this role, you will gain exposure to a broad range of asset classes, global markets, and operational workflows, with opportunities to drive process improvements and interact with key internal and external stakeholders.
Acadian supports a hybrid work environment; employees are on-site in the Boston office 3 days a week.
What You'll Do:
  • Fund Oversight - Oversee portfolio accounting, custody, and middle-office functions. Investigate and resolve discrepancies across internal systems and external providers. Interact with custodians, prime brokers, and derivative counterparties (e.g., ISDA relationships) to support new fund launches, trading, collateral, and account maintenance activities. Reconcile proxy-voting reports and address inquiries from external and internal parties.
  • New Account Startup/Onboarding - Prepare documentation to complete counterparty welcome packages for separately managed accounts, complete internal system setups, and act as a liaison between stakeholders.
  • Fund Administration - Manage and participate in oversight of fund expense processes including budgeting, accruals, invoice review, and payments. Prepare regulatory, compliance, and tax filings and support audits; research and resolve exceptions or breaches. Collaborate with external auditors and counterparties to finalize audited financial statements.
  • Market Documentation - Open local markets for funds and maintain market and compliance documentation throughout the life of the fund.
  • Tax Reporting - Respond to client inquiries regarding fund taxes; facilitate K-1 and Canadian tax filings, Form 5500, PFIC and other tax reporting.
  • Operational Strategy - Identify process improvement opportunities including the use of AI across workflows, service providers, and systems; drive initiatives to enhance scalability, reduce operational risk, and improve data quality. Continuously assess and strengthen operational processes, controls, and governance.
  • Technical Skills - Advanced Excel proficiency; experience with portfolio accounting systems (e.g., Advent Geneva or similar) preferred. Experience with data analysis and visualization tools (e.g., Tableau) a plus.

We're Looking for Teammates With:
  • Bachelor's degree in Finance, Mathematics or Economics preferred.
  • 7+ years of experience in investment operations, fund accounting, or related roles.
  • Strong organizational, interpersonal, and analytical skills with a proven ability to manage multiple priorities across daily tasks and long-term projects.
  • Self-starter; highly motivated and driven individual with a strong work ethic and integrity.
  • Strong analytical, organizational, and interpersonal skills with a detail-oriented approach and a solid foundation in financial accounting.
  • Proven ability to manage multiple priorities across daily tasks and long-term projects while effectively solving complex problems.
  • Effective communicator with experience working cross-functionally and with external partners.
  • Ability to serve as a point of escalation for operational issues, driving root cause analysis and coordinating resolution across internal teams and external partners.

The base salary range for this role is $105,000 - $125,000 per year. Actual compensation will be determined based on a candidate's skills, qualifications, and relevant experience. In addition to base pay, this position may be eligible for discretionary incentive compensation and includes participation in Acadian's comprehensive benefits program, which includes health, retirement, and wellness offerings.
To apply for this position or view Acadian's open roles, please visit the Careers section of our website at: http://www.acadian-asset.com/careers/Job-opportunities. We will contact only selected candidates. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at recruiting@acadian-asset.com.
Acadian Asset Management LLC is committed to providing equal employment opportunity to all employees and applicants. No employee or applicant shall be discriminated against on the basis of gender, race, creed, color, sex, age, national origin, marital status, pregnancy or parenthood, veteran status, citizenship status, disability, gender identity, or sexual orientation.

Apply