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

Jeanne-D

AVP - Compliance and Operational Risk

Lowell, MA · On-site

$107 - $160/hr

AVP - Compliance and Operational Risk Full Time Management Lowell, MA, US Salary Range: $106,538.36 To $159,807.54 Annually Join Our Team and Make an Impact! At Jeanne D'Arc Credit Union, we don't ...

Deloitte

Financial Risk Manager

Boston, MA

Learn how to identify, evaluate, and prioritize business, operational, regulatory, and technology ... Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of ...

Prenuvo

Clinical Risk Manager

Boston, MA

In this role, you will be the primary strategist and operational lead for managing patient complaints and clinical incidents. You will not just log issues; you will actively risk-manage them ...

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Operational Risk Manager information

See Boston, MA salary details

$51.1K

$131.1K

$257.5K

How much do operational risk manager jobs pay per year?

As of Aug 23, 2026, the average yearly pay for operational risk manager in Boston, MA is $131,128.00, according to ZipRecruiter salary data. Most workers in this role earn between $79,800.00 and $172,700.00 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.

More about Operational Risk Manager jobs

What are the most commonly searched types of Operational Risk jobs in Boston, MA?

The most popular types of Operational Risk jobs in Boston, MA are:

What are popular job titles related to Operational Risk Manager jobs in Boston, MA?

For Operational Risk Manager jobs in Boston, MA, the most frequently searched job titles are:

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

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

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

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

Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Boston, MA as of August 2026, with employment types broken down into 85% Full Time, 12% Part Time, and 3% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $131,128 per year, or $63 per hour.

Operational Risk & Controls Manager - Acquisitions

Origin Staffing

Boston, MA • On-site

Full-time

Medical, Retirement

Posted 16 days ago

Job description

We are working on a search for an Operational Risk & Controls Manager to join the complex investments platform of a leading global alternative investment firm. This is a great opportunity for someone who enjoys owning complex operational processes, strengthening control environments, and partnering across finance, legal, compliance, auditors, custodians, fund administrators, and other third-party providers.Its an ideal next step for someone with fund admin or Big 4 audit experience who wants to move beyond reporting and take on broader ownership within a top-tier investment environment.

The team is looking for someone experienced and polished, but still hands-on enough to manage audit cycles, support fund launches and wind-downs, oversee custody and vendor processes, and drive control remediation and process improvement initiatives from start to finish. Strong candidates will likely come from alternative asset management, fund administration, operational risk, internal controls, audit, or a similar financial services environment.

Highlights

  • Manager-level opportunity supporting a global complex investments platform.
  • Compensation includes a competitive base salary, 20% annual bonus target, and profit sharing
  • Broad ownership across fund audits, operational controls, custody processes, vendor oversight, business continuity, fund launches, wind-downs, and special projects.
  • Strong fit for someone with experience across alternative investments, fund operations, risk, controls, audit, custody, or fund administration.
  • Ideal profile has strong project management skills, sound judgment, excellent communication, and the ability to independently manage multiple complex workstreams.
  • Additional upside includes excellent healthcare and retirement benefits, generous family support programs, office perks, internal mobility, and long-term career growth.