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

Citizens

First Line Risk Sr Manager

Boston, MA

... operational processes, including expertise in governing and managing the full Trust client ... As the First Line Risk Senior Manager, you will represent the first line of defense and identify ...

Citizens

First Line Risk Sr Manager

Boston, MA · On-site

... operational processes, including expertise in governing and managing the full Trust client ... As the First Line Risk Senior Manager, you will represent the first line of defense and identify ...

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 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 Jul 13, 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 4 pillars of operational risk management?

The four pillars of operational risk management are risk identification, risk assessment, risk mitigation, and risk monitoring. An Operational Risk Manager uses these pillars to develop strategies that minimize potential losses from internal processes, people, systems, or external events, often utilizing tools like risk dashboards and frameworks such as Basel II. Mastery of these pillars is essential for effective risk oversight and compliance.

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 risk management tools and data analysis to support decision-making.

Do risk managers make good money?

Operational Risk Managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, the median annual salary ranges from $80,000 to over $130,000, with additional compensation such as bonuses and certifications like FRM or ORM enhancing earning potential.

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 are the three C's of operational risk management?

The three C's of operational risk management are Culture, Controls, and Communication. These elements help organizations identify, assess, and mitigate risks effectively, which is essential for an Operational Risk Manager to ensure operational resilience and compliance. Developing strong controls and fostering a risk-aware culture are key skills in this role.

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 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
Sr. Clinical Risk Manager

Sr. Clinical Risk Manager

Deciphera Pharmaceuticals

Waltham, MA • On-site

Full-time

Medical, Dental, Vision, Retirement

Posted 16 days ago

Job description

Job Description

We are seeking a highly experienced Senior Clinical Risk Manager to lead the execution of our Risk-Based Quality Management (RBQM) strategy across a portfolio of complex clinical trials. In this role, you will partner with cross-functional teams, Clinical Research Organizations (CROs), and key stakeholders to proactively identify, assess, and mitigate risks—ensuring high-quality study delivery and compliance with global regulatory requirements.

This is a highly visible role that requires strong leadership, strategic thinking, and deep RBQM expertise to support study and program-level success.

RBQM Execution & Study Delivery

  • Lead the development and management of study-level risk assessments, including Risk Assessment Categorization Tools (RACTs) and integrated Quality Risk Management Plans (iQRMPs)
  • Maintain risk logs and ensure accurate, real-time tracking of study risks
  • Facilitate periodic risk review meetings and drive proactive risk identification and mitigation
  • Provide expert guidance on site risk levels, study health, and performance trends
  • Define and implement study-specific monitoring strategies, including risk-based monitoring approaches such as targeted SDV or centralized monitoring

Risk Oversight & Reporting

  • Document, communicate, and escalate risks to leadership as appropriate
  • Track, trend, and report Key Risk Indicators (KRIs) to support data-driven decision-making
  • Partner with internal teams and external vendors to manage risks, mitigations, and issue resolution timelines
  • Ensure CROs and service providers adhere to RBQM processes and expectations
  • Support or lead program-level RBQM activities and escalations

Governance, Compliance & Continuous Improvement

  • Serve as a subject matter expert (SME) for RBQM across the organization
  • Ensure adherence to SOPs, work instructions, and regulatory requirements
  • Contribute to ongoing enhancement of RBQM processes and tools
  • Champion a culture of quality, compliance, and continuous improvement
Qualifications

Required Qualifications

  • Bachelor’s degree in a scientific or technical discipline (or equivalent experience)
  • 8+ years of Clinical Operations or Development experience, including at least 7 years focused on RBQM
  • Prior in-house RBQM experience
  • Experience operating at the Manager or Senior Manager level within RBQM

Preferred Experience & Skills

  • Strong knowledge of RBQM principles, methodologies, and implementation practices
  • Deep understanding of global clinical research regulations (e.g., ICH-GCP, 21 CFR Part 11)
  • Experience supporting regulatory inspections and audits related to RBQM
  • Proven ability to lead process improvement initiatives
  • Strong collaboration skills with CROs and external partners
  • Excellent communication, problem-solving, and risk management capabilities

Additional Information

Deciphera is committed to fair and equitable compensation practices. The base salary pay range for this role is $157,000 - $215,000. Actual compensation packages will depend on various factors, including, but not limited to depth of experience, education, skillset, overall performance and/or location.​

Deciphera believes in providing a competitive compensation and benefits package to all employees. Our base salary is just one component of Deciphera’s competitive total rewards strategy that also includes annual performance bonus, a long-term incentive plan, full range of benefits and other incentive compensation plans (if applicable)

Benefits:

  • Competitive salary and annual bonus.
  • Comprehensive benefits package including medical, dental, vision insurance, 401(k) retirement plan with company match, and more.
  • Generous parental leave and family planning benefits.
  • Outstanding culture and opportunities for personal and professional growth.

EQUAL EMPLOYMENT OPPORTUNITY INFORMATION

Deciphera is committed to equal employment opportunity and values diversity. To ensure that we comply with reporting requirements, we invite you complete the confidential survey at the end of this application. Providing this information is optional. It will not be accessible or used in the hiring process, and has no effect on your opportunity for employment. This information will also be treated confidentially.  We are committed to make all hiring decisions and other employment decisions on a non-discriminatory basis.