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Operational Risk Associate Jobs in Springfield, MA

Relationship Banker

Hartford, CT · On-site

$22.61 - $37.67/hr

Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory ... Associates degree Notary public license Bilingual based on branch needs Physical Requirements:

Relationship Banker

Hartford, CT · On-site

$22.61 - $37.67/hr

Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory ... Associates degree Notary public license Bilingual based on branch needs Physical Requirements:

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Operational Risk Associate information

See Springfield, MA salary details

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$53

How much do operational risk associate jobs pay per hour?

As of Jun 3, 2026, the average hourly pay for operational risk associate in Springfield, MA is $26.15, according to ZipRecruiter salary data. Most workers in this role earn between $17.74 and $30.19 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 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 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 are popular job titles related to Operational Risk Associate jobs in Springfield, MA? For Operational Risk Associate jobs in Springfield, MA, the most frequently searched job titles are:
What job categories do people searching Operational Risk Associate jobs in Springfield, MA look for? The top searched job categories for Operational Risk Associate jobs in Springfield, MA are:
What cities near Springfield, MA are hiring for Operational Risk Associate jobs? Cities near Springfield, MA with the most Operational Risk Associate job openings:
Associate Client Advocate - Builders Risk

Associate Client Advocate - Builders Risk

Willis Towers Watson

Hartford, CT • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 2 days ago


Willis Towers Watson rating

8.3

Company rating: 8.3 out of 10

Based on 40 frontline employees who took The Breakroom Quiz

38th of 138 rated financial services


Job description

Job Description
The North America Construction Builders Risk Associate Client Advocate (ACA) is a client-facing role responsible for supporting the delivery of high-quality service, assisting with Builders Risk program execution, and contributing to overall client relationship management. This role applies Commercial Property & Casualty insurance knowledge while coordinating key internal service delivery activities.
In close partnership with Builders Risk Brokers, the ACA supports day-to-day client service needs, including placement coordination, issue resolution, and renewal execution. The ACA develops a foundational understanding of each client's business and risk profile to help support the delivery of appropriate insurance solutions.
The ACA plays a key role in supporting client retention and service delivery by assisting with client presentations, proposals, and renewal activities, as well as responding to client inquiries in a timely and solutions-oriented manner.
This role is responsible for executing core service activities, coordinating with internal teams, and ensuring accurate and timely completion of deliverables. The ACA collaborates with broking, sales, and other internal stakeholders to support client needs and contribute to a consistent, high-quality client experience.
The ACA is expected to continue developing technical, client management, and communication skills, and may provide support or mentorship to less experienced colleagues as appropriate.
  • Support Builders Risk Brokers on complex accounts through accurate documentation, seamless administrative execution, and end-to-end policy management
  • Execute small to mid-sized Master Builders Risk placements, including extensions, and endorsements
  • Maintain and update internal systems (EPIC, RMS, Broking Platform, etc.) to ensure data accuracy and operational efficiency
  • Issuance of Builders Risk policies, managing invoice tracking and expiration reports
  • Perform service delivery activities including second-level policy reviews, resolution of accounting discrepancies, management of aged receivables and bad debt, surplus lines documentation, client invoicing, and certificate of insurance issuance
  • Retains existing book of business, develops, and strengthens client relationships
  • Identifies, engages, and integrates delivery of all WTW internal resources to deliver an exceptional client experience
  • Support strategic planning and contribute to risk and insurance advisory services in collaboration with internal stakeholders
  • Recommend appropriate solutions throughout the policy term (including acquisition due diligence)
  • Support client retention and contribute to account profitability
  • Partner with Builders Risk Brokers and broader team members to expand existing relationships and support new business development
  • Collaborate on internal and external strategy meetings and stay informed on market trends and developments
  • Support the development of client deliverables including RFP responses, presentations, client service plans, and advocacy materials
  • Coordinates the renewal process to establish and implement the client-specific renewal strategy, collaborates with WTW resources and industry groups to develop and deliver renewal to clients
  • Ensures all policy requirements (legal, regulatory & compliance) are met
  • Coordinate service delivery across Global Service Delivery (GSD) teams and engage appropriate subject matter experts for escalations
  • Gather and manage client information in collaboration with the Builders Risk Broking team

Qualifications
  • 3+ years of commercial Property & Casualty insurance experience in a client-facing or similar role, or demonstrated ability to perform role responsibilities
  • Ability to analyze coverage forms, assess program design, and identify coverage gaps
  • Ability to interpret and present analytical models, depending on complexity
  • Strong relationship management skills with the ability to leverage internal and external resources
  • Demonstrated negotiation skills with the ability to resolve conflict and achieve favorable outcomes
  • Business acumen with understanding of client strategies, risk solutions, and market dynamics
  • Knowledge of the end-to-end commercial insurance renewal process
  • Excellent verbal, written, and presentation skills, including ability to communicate complex concepts
  • Ability to manage multiple priorities in a fast-paced environment
  • Strong critical thinking, problem-solving, and adaptability skills
  • Project management capabilities, including support of complex or multi-dimensional initiatives
  • Proficiency in Microsoft Office and relevant systems
  • Maintain an active Property & Casualty insurance license and complete all required continuing education to remain in good standing
  • Industry designations preferred (CPCU, ARM, CIC, CRIS, CRM)
  • 1-3 years of Builders Risk experience preferred required

This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.
Compensation
The base salary compensation range being offered for this role is $100,000- $110,000 USD per year. This role is also eligible for an annual short-term incentive bonus.
Company Benefits
WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
  • Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
  • Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (Washington State only)
  • Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).

At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a "hybrid" style, with a mix of remote, in-person and in- office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and "hybrid" is not a one-size-fits-all solution.
Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications qualifications/experience, performance in the role and potential for revenue generation (Producer roles only)
We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.
Compensation and Benefits
Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that base salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).
Company Benefits
WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (Washington State or remote only)
Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).
We're committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email candidate.helpdesk@willistowerswatson.com.
This position will remain posted for a minimum of three business days from the date posted or until sufficient/appropriate candidate slate has been identified.
EOE, including disability/vets
Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records.

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