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Operational Risk Management Jobs in Massachusetts

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 · On-site

... 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 · On-site

$100K - $125K/yr

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

GMO

Technology Risk & Continuity Analyst

Boston, MA · On-site

$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 ...

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 ...

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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 Jul 12, 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, often using risk management tools and frameworks, and ensure compliance with regulations. Their role involves analyzing data, implementing controls, and working with various departments to minimize operational losses.

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.

Is risk management a good career?

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

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 the highest salary for a risk manager?

The highest salary for a risk manager can exceed $150,000 annually, especially for those with extensive experience, advanced certifications like FRM or CFA, and leadership roles in large organizations. Senior risk managers or directors in financial services or multinational corporations often earn the top-tier salaries in this field.

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 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
Risk Management Representative - Northeast MA

Risk Management Representative - Northeast MA

Cabot Risk Strategies Llc

Woburn, MA • On-site

$70K - $90K/yr

Full-time

Posted 26 days ago

Job description

Risk Management Representative

Cabot Risk Strategies, LLC is a dynamic and highly experienced team of insurance professionals dedicated to delivering quality services to our clients. Our goal is to help our clients effectively manage risk through insured solutions, self-funded solutions or a combination of both. As a full-service insurance brokerage and consulting firm specializing in Commercial Lines, Professional Lines, Personal Lines, and Employee Benefits, we provide our clients a leading insurance practice delivering best-in-class insurance solutions and services.

Based in Woburn, MA, Cabot Risk Strategies is easily accessed off of 93 and 128, and employs 95+ people. Please visit our web site at www.cabotrisk.com

Please visit our web site at: https://www.cabotrisk.com

The Role


We are seeking a Risk Management Representative to join our team. This position will service the northeastern part of Massachusetts and will be responsible for providing municipal risk management services. The preferred Risk Management candidate will possess a basic knowledge of municipal government operations and associated risk. In addition, the position requires participation in the planning and presentation of municipal risk management services to include training, safety, inspection, and loss analysis to members. The position will also interact with underwriting and marketing staff.

Responsibilities

  • Analyze and interpret loss frequency, severity, and root cause data to develop meaningful risk management strategies and solutions.
  • Present analysis and strategic recommendations to municipal leaders and department heads.
  • On-site surveys and quantification of property, liability, fleet and workers’ compensation loss exposures.
  • Conduct property valuation.
  • Assist members in implementing and participation in safety meetings, training sessions and access to key program resources (guidelines, policies, best practices, training, tailgates)
  • Investigate and obtain materials on emerging issues and trends. Assist in the identification and development of new training and resource opportunities
  • Conduct field training of designated personnel as required.

The Candidate

The candidate will have 3+ years of experience in a risk management/safety/loss control role. Municipal experience and a college degree are highly desirable. Professional designation such as ARM, CSP, ASP, or ALCM is preferred. Certifications in OSHA Compliance, First Aid/CPR Instruction and defensive driving desired. Should be familiar with NFPA, FM, U.L. and OSHA standards and requirements. Strong communication skills, both verbal and written, required.

Cabot Risk Strategies, LLC is an Equal Opportunity Employer.