ZipRecruiter

Log In

1

Operational Risk Management Jobs in Massachusetts

Jj

Associate Manager, Risk Management, EMS

Danvers, MA · On-site

Manage operational support and maintenance of supplier risk databases for procurement and supply chain teams. * Ownership of data management, systems and tools management, and project execution ...

Old Colony YMCA

Sr. Director Risk Management

Brockton, MA · On-site

Actively participate in all training sessions and designated Operations meetings. * Lead OCY in the ... Knowledge of enterprise risk management and safety techniques programs, loss control practices, and ...

Citizens

First Line Risk Sr Manager

Boston, MA

... operational risk for Wealth Management. This includes aspects of material risk related to how Wealth Management develops, launches, sells, and processes products and services. The First Line Risk ...

Citizens

First Line Risk Sr Manager

Boston, MA

... operational risk for Wealth Management. This includes aspects of material risk related to how Wealth Management develops, launches, sells, and processes products and services. The First Line Risk ...

GMO

Technology Risk & Continuity Analyst

Boston, MA

$80/hr

... operational risk, or IT risk management Core Skills & Knowledge: * Interest in business continuity and operational resilience practices (BIAs, recovery strategies, dependency mapping, exercises, and ...

next page

Showing results 1-20

All JobsOperational Risk Management JobsOperational Risk Management Jobs in Massachusetts

Operational Risk Management information

See Massachusetts salary details

$51.3K

$131.8K

$258.8K

How much do operational risk management jobs pay per year?

As of Jun 22, 2026, the average yearly pay for operational risk management in Massachusetts is $131,825.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,300.00 and $173,600.00 per year, depending on experience, location, and employer.

What does an operational risk manager do?

An operational risk manager identifies, assesses, and monitors risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop strategies to mitigate these risks, ensure compliance with regulations, and often use tools like risk assessment frameworks and data analysis. Their role helps protect the organization from financial loss and reputational damage.

Is operational risk management a good career?

Operational risk management is a valuable career that involves identifying, assessing, and mitigating risks within an organization to ensure stability and compliance. It often requires strong analytical skills, knowledge of industry regulations, and certifications such as ORM or FRM. The field offers opportunities for advancement and is essential across various industries, including finance, healthcare, and manufacturing.

What is the highest paying risk management job?

The highest paying risk management roles are often senior positions such as Chief Risk Officer (CRO) or Director of Risk Management, with salaries exceeding $200,000 annually. These roles require extensive experience, advanced certifications like FRM or PRM, and strong leadership skills in overseeing enterprise-wide risk strategies.

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

AspectOperational Risk ManagementRisk Analyst
CredentialsCertifications like FRM, CRM, or RIMS; relevant degrees in finance, risk management, or businessSimilar certifications; degrees in finance, economics, or related fields
Work EnvironmentCorporate offices, financial institutions, or industries with risk management departmentsFinancial firms, consulting agencies, or corporate risk teams
Employer & Industry UsageUsed across banking, insurance, and large corporations to manage operational risksCommonly employed in finance, insurance, and consulting to analyze risk data

Operational Risk Management focuses on identifying, assessing, and mitigating risks related to daily business operations. Risk Analysts analyze data to evaluate potential risks and support decision-making. While both roles require similar credentials and work environments, Operational Risk Managers oversee comprehensive risk strategies, whereas Risk Analysts focus on data analysis and risk assessment.

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

To thrive as an Operational Risk Manager, you need strong analytical abilities, knowledge of risk assessment frameworks, and typically a degree in finance, business, or a related field. Familiarity with risk management software, regulatory compliance systems, and certifications like FRM or ORM are commonly required. Exceptional communication, problem-solving, and stakeholder management skills help you influence business processes and foster a risk-aware culture. These skills ensure the effective identification, mitigation, and communication of risks, safeguarding organizational assets and compliance.

What is operational risk management?

Operational risk management is the process of identifying, assessing, and controlling risks that arise from an organization’s day-to-day operations. These risks can include system failures, human errors, fraud, or external events that could disrupt business processes. Effective operational risk management helps organizations minimize losses and ensure business continuity by implementing controls, monitoring processes, and developing contingency plans. It is an essential component of overall risk management in industries such as finance, healthcare, and manufacturing.

What are common challenges faced by professionals in Operational Risk Management, and how can they be addressed?

Professionals in Operational Risk Management often face challenges such as identifying emerging risks, ensuring regulatory compliance, and fostering a risk-aware culture across departments. These challenges can be addressed by staying updated on industry regulations, implementing robust risk assessment tools, and promoting open communication with business units. Regular training and collaboration with other risk management functions also help in proactively managing potential operational threats and ensuring organizational resilience.

What jobs can I get with frm?

With an FRM (Financial Risk Manager) certification, you can pursue roles such as risk analyst, risk manager, credit risk analyst, market risk analyst, and operational risk manager. These positions typically involve assessing financial risks, developing risk management strategies, and using tools like risk modeling and data analysis software.
What are popular job titles related to Operational Risk Management jobs in Massachusetts? For Operational Risk Management jobs in Massachusetts, the most frequently searched job titles are:
What job categories do people searching Operational Risk Management jobs in Massachusetts look for? The top searched job categories for Operational Risk Management jobs in Massachusetts are:
Operational Risk Management jobs near you
Infographic showing various Operational Risk Management job openings in Massachusetts as of June 2026, with employment types broken down into 1% As Needed, 79% Full Time, 14% Part Time, 3% Temporary, 2% Contract, and 1% Nights. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $131,825 per year, or $63.4 per hour.

Manager, Risk Adjustment

Central Mass Health LLC

Worcester, MA • On-site

$90K/yr

Full-time

Posted 6 days ago

Job description

Mass Advantage is a Medicare Advantage health plan, located in the heart of Worcester County, headquartered in Worcester MA. Mass Advantage is owned and designed by UMass Memorial Health providers with their patients' needs in mind.
We are looking for a Manager of Risk Managment to oversee Mass Advantages's full suite of Risk Adjustment activities. This position is responsible for the strategy, execution and performance of Medicare risk adjustment programs, infrastructure and systems to meet business objectives, revenue expectations, management of external vendors, interaction with Providers, regulatory audits, and compliance with CMS regulations. The Manager of Risk Management is also responsible for analysis, projections, and assessment of Medicare revenue initiatives for senior products; leading and coordinating enterprise risk adjustment initiatives, working with the necessary areas of Mass Advantage and UMass Memorial Health Operations as well as vendor partners.
Essential Duties and Responsibilities:
Program Strategy & Execution
  • Own end-to-end RA strategy across prospective (point-of-care capture, suspecting, provider workflows) and retrospective (chart review, coding validation) programs, ensuring complete, accurate, and compliant HCC documentation under the applicable CMS-HCC model (including V24 -V28 transition management).
  • Evaluate current vendor performance, renegotiating or sunsetting SOWs where internal capability is superior.
  • Serve as the plan-side counterpart to UMMH CDI, HIM, and Coding leadership, coordinating with the CMO's office to embed documentation workflows into Epic-based clinical practice rather than layered on top of it.
  • Partner with Network and Clinical Services to design provider-facing education, scorecards, and incentive structures that drive documentation accuracy without creating coding-driven behavior.
  • Develop provider-level performance reporting that is transparent, defensible, and actionable.

RADV, Audit & Compliance
  • Lead RADV audit readiness and response, including medical record retrieval, validation, submission strategy, and cross-functional coordination with Legal, Compliance, and Finance to mitigate financial and compliance risk.
  • Maintain a comprehensive QA program covering RADV, OIG, and internal audits - monitoring the work of internal coders, contracted vendors, and provider documentation alike.
  • Own encounter data integrity, including EDPS submission accuracy, RAPS/EDPS reconciliation, and error resolution.

Analytics, Finance & Bid Support
  • Build and maintain the RA analytics layer - dashboards, KPIs, and provider/member-level reporting that drive continuous improvement in risk score accuracy, coding yield, and program ROI.
  • Partner with Actuarial and Finance on bid development, producing defensible risk score projections, trend analysis, and revenue assumptions grounded in population severity and program performance.
  • Communicate results to executive and board audiences through clear reports, dashboards, and presentations.

Program & Team Leadership
  • Set departmental goals, budgets, and tactical plans aligned with enterprise strategy and financial targets.
  • Other duties may be assigned as needed.

* Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
Requirements
  • Bachelor's degree in a relevant field; Master's (MBA, MHA, MPH) preferred.
  • Registered Nurse (RN) desired.
  • CRC (Certified Risk Adjustment Coder), CPC, or CCS certification preferred.
  • 7+ years in Medicare Advantage risk adjustment, with at least 3 years in a plan-side role (not solely provider-side or vendor-side).
  • Direct, hands-on RADV experience - working fluency with the CMS-HCC model, including the V24-V28 transition and its financial implications.
  • Demonstrated experience managing or transitioning RA vendors (coding, chart retrieval, in-home assessment).
  • Strong analytical skills: able to interrogate data directly in SQL, Power BI, or Tableau, or to spec analytics requirements with precision.+
  • Strong Microsoft Office skills (Word, Outlook, Excel and PP).

Salary Description
Starting at $90K

Apply