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Operational Risk Manager Jobs in Andover, MA (NOW HIRING)

Credit Risk Analyst II

Boston, MA · On-site

$55K - $102K/yr

Credit Risk Management Department: Strategic Services Reports to: Credit Risk Manager: Reporting ... Management, Credit Administration, Lending, Loan Review, Loan Operations, or other relevant ...

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Operational Risk Manager information

See Andover, MA salary details

$47.6K

$122.3K

$240K

How much do operational risk manager jobs pay per year?

As of Sep 10, 2026, the average yearly pay for operational risk manager in Andover, MA is $122,258.00, according to ZipRecruiter salary data. Most workers in this role earn between $74,400.00 and $161,000.00 per year, depending on experience, location, and employer.

What does an operational risk manager do?

An operational risk manager works to identify and limit the risk associated with a company’s operations. As an operational risk manager, your responsibilities involve assessing business operations, identifying issues, and creating reports on your findings. You then help develop policies and implement changes to lessen operational risks. Other duties include continually monitoring the business to find potential new threats and ensuring company compliance with laws and regulations.

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 a solid understanding of risk assessment, regulatory compliance, and internal controls, typically supported by a degree in finance, business, or a related field. Familiarity with risk management frameworks, GRC (governance, risk, and compliance) systems, and certifications such as FRM or ORM are highly valued. Strong analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These competencies are crucial for identifying, mitigating, and communicating operational risks, ensuring organizational stability and regulatory adherence.

What are some common challenges faced by operational risk managers in maintaining effective risk controls across different departments?

Operational Risk Managers often encounter challenges in ensuring consistent risk controls due to varying processes, priorities, and risk appetites across departments. Communication gaps and resistance to change can make it difficult to implement standardized procedures. Successfully overcoming these challenges involves building strong cross-functional relationships, conducting regular training, and fostering a risk-aware culture to ensure alignment on risk management practices throughout the organization.

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

AspectOperational Risk ManagerRisk Analyst
CertificationsCFA, FRM, or similarCFA, FRM, or similar
Work EnvironmentFinancial institutions, banks, insurance companiesFinancial firms, consulting, corporate risk teams
ResponsibilitiesIdentify, assess, and mitigate operational risks; develop risk frameworksAnalyze risk data, support risk assessments, prepare reports

The Operational Risk Manager focuses on managing and mitigating operational risks within organizations, often holding certifications like CFA or FRM. In contrast, Risk Analysts primarily analyze risk data and support risk management processes. Both roles are vital in financial sectors and share similar credentials, but the Operational Risk Manager has a broader responsibility for risk mitigation strategies.

What job categories do people searching Operational Risk Manager jobs in Andover, MA look for?

The top searched job categories for Operational Risk Manager jobs in Andover, MA are:

What cities near Andover, MA are hiring for Operational Risk Manager jobs?

Cities near Andover, MA with the most Operational Risk Manager job openings:

Infographic showing various Operational Risk Manager job openings in Andover, MA as of August 2026, with employment types broken down into 85% Full Time, 12% Part Time, and 3% Contract. Highlights an 82% Physical, 2% Hybrid, and 16% Remote job distribution, with an average salary of $122,258 per year, or $58.8 per hour.

Senior Risk Management Specialist

Boston, MA • On-site

Boston Medical Center
Hospitals • 1 - 5K employees

$97K - $141K/yr

Other

Medical, Dental, Vision, Retirement, PTO

Re-posted 9 days ago


Boston Medical Center rating

7.0

Company rating: 7.0 out of 10

Based on 109 frontline employees who took The Breakroom Quiz


Job description

Position Summary

The Senior Risk Management Specialist provides leadership in risk management by promoting high quality care to patients, ensuring regulatory compliance, and mitigating malpractice risk through loss prevention. This hybrid position requires onsite presence three days a week and on-call coverage each month. The Specialist supports the institution-wide program to maximize the safety of services delivered to BMC patients.

Responsibilities
  • Collaborates with QPS leadership, the Chief Quality Officer, Director of Risk Management, and Director of Patient Safety to support the Quality and Patient Safety Program, serving as a resource for error detection, prevention, and Root Cause Analysis (RCA) projects.
  • Participates in ongoing regulatory readiness activities and functions as a member of the onsite survey management team during Department of Public Health (DPH) and Centers for Medicare and Medicaid Services (CMS) surveys.
  • Investigates and analyzes actual and potential patient/visitor safety events (near‑misses) for improvement opportunities and legal action, conducting chart reviews, staff/provider interviews, policy review, best practice research, and observation activities.
  • Coordinates risk and safety management training for providers, management, and staff to enhance awareness of patient safety and risk reduction.
  • Provides immediate consultation during the on‑call system to respond to adverse events, offering recommendations and mitigation strategies.
  • Uses an electronic database to track patient safety events, identify trends, and facilitate case management of the incident reporting system.
  • Collaborates with Quality and Patient Safety staff to identify and mitigate local and organizational trends impacting patient safety and supports the implementation of safer processes and systems of care.
  • Collaborates with the Claims Department to help minimize legal/financial liability.
  • Interacts with administration, clinicians, staff, senior management, and Department Chairpersons across BMC.
  • Participates in clinical case review and case learning committees and facilitates committee operations as assigned.
  • Drafts reports for regulatory agencies and mentors Risk Management Specialists in all aspects of work responsibilities.
  • Ensures compliance with state, federal, and Joint Commission risk management standards through current knowledge of legislative and regulatory activities.
  • Assists in the development, maintenance, and revision of policies and procedures to improve patient safety and reduce loss exposure, ensuring they meet all regulatory and accreditation requirements.
  • Develops and presents educational sessions on patient safety and professional liability risk reduction to physicians and management.
  • Supports managers and department chairs in designing patient safety and risk management programs specific to their areas and reports on risk management matters to quality committees and boards.
  • Ensures proper collection and maintenance of information for the defense of claims, preparing investigation reports and assisting the Director of Claims.
  • Provides consultation to Patient/Family Relations (PFR) to mitigate risk associated with patient/family complaints.
  • Supports the Manager, Risk Management in all regulatory activities related to the Patient Care Assessment Plan and Serious Reportable Events for DPH and Board of Registration in Medicine (BORM).
Qualifications

Education: Bachelor’s Degree required; advanced degree (JD, Master’s) preferred; concentration in nursing, science, or other healthcare related field required.

Certifications/Licenses: CPHRM preferred at hire; required within two years. CPPS and/or CPHQ preferred. RN preferred.

Experience: With CPHRM or RN certification – 7 years of clinical care/healthcare experience, minimum 3 years in risk management/patient safety/quality improvement. Without certification – 10 years of clinical care/healthcare experience and at least 7 years in risk management, patient safety, or quality improvement.

Knowledge, Skills & Abilities
  • Risk management experience in a healthcare setting, knowledge of medical malpractice, healthcare law, and terminology.
  • Interpersonal skills to engage administration, clinical leadership, and staff.
  • Ability to interview individuals and groups from diverse professional backgrounds.
  • Confidentiality handling and organization of event information into coherent narratives.
  • Self‑motivation, project management, and deadline adherence.
  • Excellent verbal, written, and presentation skills, including speaking before large audiences.
  • Computer skills with Microsoft Office and learning new applications such as adverse event reporting software (RL Solutions).
  • Flexibility to work irregular and additional hours for on‑call purposes.
Compensation & Benefits

Compensation Range: $97,500.00 – $141,500.00, based on education, experience, skills, certifications, and organizational needs.

Benefits include medical, dental, vision, pharmacy coverage, discretionary annual bonuses, merit increases, Flexible Spending Accounts, 403(b) savings matches, paid time off, and resources to support employee and family well‑being.

Employment Conditions

BMC requires all staff to be vaccinated against COVID‑19, flu, and to receive a booster dose of the COVID‑19 vaccine.

Equal Opportunity Employer

BMC is an equal employment/affirmative action employer. We ensure equal employment opportunities for all, without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other non‑job‑related characteristic. Accommodations for applicants with medical conditions or disabilities are available upon request.

Electronic Employment Verification

BMC participates in the Electronic Employment Verification Program (E‑Verify). Prospective employees must complete a background check before beginning employment.

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About Boston Medical Center

Sourced by ZipRecruiter

Boston Medical Center (BMC) is more than a hospital. It's a network of support and care that touches the lives of hundreds of thousands of people in need each year. It is the largest and busiest provider of trauma and emergency services in New England. Emphasizing community-based care, BMC is committed to providing consistently excellent and accessible health services to all-and is the largest safety-net hospital in New England. The hospital is also the primary teaching affiliate of the nationally ranked Boston University School of Medicine (BUSM) and a founding partner of Boston HealthNet - an integrated health care delivery systems that includes many community health centers. Join BMC today and help us achieve our Vision 2030 which is a long-term goal to make Boston the healthiest urban population in the world.

Industry

Hospitals

Company size

1,001 - 5,000 Employees

Headquarters location

Boston, MA, US

Year founded

1996