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

CERES Group

COSO Risk Assesment

Boston, MA

... managing, and monitoring overall risks to companies. It became "famous" post 2002 when Sarbanes ... I can't find COSO risk assessment expertise within Navigant. Banking and VFRM apparently have some ...

Citizens

Third Party Risk Analyst

Boston, MA · On-site

$86K - $101K/yr

This role plays a critical part in protecting Citizens from regulatory, operational, financial, and reputational risk by executing proactive payment network compliance oversight, managing network ...

Biogen

PO&T Risk Management Lead

Cambridge, MA · On-site

$151K - $208K/yr

By establishing PO&T risk management and business continuity frameworks, you contribute to the resilience and sustainability of Biogen's operations. What You'll Do: * Develop and implement ...

Citizens

Third Party Risk Analyst

Medford, MA · On-site

$86K - $101K/yr

This role plays a critical part in protecting Citizens from regulatory, operational, financial, and reputational risk by executing proactive payment network compliance oversight, managing network ...

Citizens

Third Party Risk Analyst

Boston, MA · On-site

$86K - $101K/yr

This role plays a critical part in protecting Citizens from regulatory, operational, financial, and reputational risk by executing proactive payment network compliance oversight, managing network ...

Citizens

Third Party Risk Analyst

Medford, MA · On-site

$86K - $101K/yr

This role plays a critical part in protecting Citizens from regulatory, operational, financial, and reputational risk by executing proactive payment network compliance oversight, managing network ...

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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 May 31, 2026, the average yearly pay for operational risk manager in Boston, MA is $131,135.00, 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 May 2026, with employment types broken down into 2% As Needed, 82% Full Time, 11% Part Time, 1% Temporary, and 4% Contract. Highlights an 78% Physical, 4% Hybrid, and 18% Remote job distribution, with an average salary of $131,135 per year, or $63 per hour.
COSO Risk Assesment

COSO Risk Assesment

CERES Group

Boston, MA

Full-time

Posted 8 days ago

Job description

This Geller project is more of a COSO model project. If you haven't run into before, the Committee of Sponsoring Organizations (COSO) a part of something called the Treadway Commission, came together to solve an issue back in the 1980s in that there was no standard framework for identifying, assessing, managing, and monitoring overall risks to companies. It became "famous" post 2002 when Sarbanes-Oxley (which was concerned specifically about financial statement risks - a subset of the broader business risks) pushed the COSO framework for managing financial statement risk.
Regulatory compliance would be one of the risks within a COSO model around investment advisors. I can't find COSO risk assessment expertise within Navigant. Banking and VFRM apparently have some SOX experience, but again, that's a subset of overall risk (and neither of those groups has any resources to share with us on this.
Do you think your buddy in the contractor business can locate a COSO risk assessment expert that we can use on the project? The project involves four service pillars of a multi-family office service provider: investments, tax services, "family CFO" services (bill pay, cash management, etc.), and the internal administrative and back office processes that support the overall company.
Definitely more weighted to the business side, but includes tech. More COSO than COBIT. We believe the firm is less of an IT shop and more of a business using software.

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