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

Jeanne-D

AVP - Compliance and Operational Risk

Lowell, MA · On-site

$125 - $150/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 ...

WEX

Risk Operations Program Manager

Boston, MA · On-site

Functional understanding of compliance and operational risk management to ensure Domain Leaders are ... engaged for the validation of SOX, SOC, and regulatory control integrity. * Strong analytical ...

eNett

Risk Operations Program Manager

Boston, MA · On-site

Functional understanding of compliance and operational risk management to ensure Domain Leaders are ... engaged for the validation of SOX, SOC, and regulatory control integrity. * Strong analytical ...

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Operational Risk Manager information

See Chelmsford, MA salary details

$48.8K

$125.4K

$246.2K

How much do operational risk manager jobs pay per year?

As of Sep 9, 2026, the average yearly pay for operational risk manager in Chelmsford, MA is $125,415.00, according to ZipRecruiter salary data. Most workers in this role earn between $76,400.00 and $165,200.00 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 cities near Chelmsford, MA are hiring for Operational Risk Manager jobs?

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

Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Chelmsford, MA as of September 2026, with employment types broken down into 1% As Needed, 78% Full Time, 18% Part Time, 2% Temporary, and 1% Contract. Highlights an 87% Physical, 2% Hybrid, and 11% Remote job distribution, with an average salary of $125,415 per year, or $60.3 per hour.

Operational Risk and Control Co-op

Boston, MA • On-site

Arrowstreet Capital, Limited Partnership
201 - 500 employees
Learn more about Arrowstreet Capital, Limited Partnershipexternal

$21 - $29/hr

Part-time

Posted 9 days ago

Job description

Co-op Program Overview
Arrowstreet Capital is a Boston-based systematic investment firm that manages global equity portfolios for institutional investors around the world. The Arrowstreet Co-op Program provides an exciting opportunity to learn about the institutional asset management industry and Arrowstreet as a company while gaining deep experience within a specific function. The co-ops are highly valued members of the team and participate in team meetings, perform business-critical work and receive real-time, balanced feedback. They enjoy all the perks of being an employee at Arrowstreet, including a warm and friendly work environment and a relaxed, business-casual dress code. The co-ops across the organization come together on a regular basis to meet members of the firm's leadership and to learn about all aspects of the investment management process.
Job Overview
The Operational Risk and Control team is responsible for establishing and supporting cross-functional operational risk management programs and processes across the organization. The co-op who fills this position will be a contributor to firmwide operational risk management programs with an opportunity to learn and contribute to a wide variety of matters.
Responsibilities
  • Leverage third-party screening technology to review and assess third parties for potential legal, regulatory or reputational risks
  • Assist in gathering data for Key Risk Indicators (KRIs) and perform analysis on indicator trends for our firmwide risk management programs
  • Test internal controls as a part of Arrowstreet's Compliance Testing Program
  • Coordinate on ad hoc deliverables across multiple teams within Operational Risk and Control as well as Regulatory Compliance
  • Evaluate and propose enhancements to processes across multiple teams
  • Prepare and present project updates to the Head of Operational Risk and Control, Regulatory Compliance, and the Chief Compliance Officer
  • Support monitoring or compliance with our firm's compliance manual and code of ethics
  • Collaborate with other Arrowstreet teams (portfolio management, legal, client reporting and trade compliance) to research compliance related matters
  • Interpret data and analyze results to provide ongoing reporting to members of the Operational Risk and Control team

Qualifications
  • Strong academic record in the undergraduate program
  • Excellent organizational, analytical and time management skills
  • Strong Microsoft skills (Word, Excel, PowerPoint)
  • Excellent communication skills both (written and verbal) and collaboration skills
  • Excellent orientation to detail and accuracy, ensuring completion of high-quality work deliverables
  • An interest in asset management or regulatory environment and developments
  • Ability to multi-task, problem solve, and propose solutions to team members

The hourly wage range for this position is $21-$29 per hour.
Arrowstreet Capital operates a robust talent acquisition program, and we also seek to compensate and reward our employees competitively within our industry and in line with our merit-based culture. The determination of a successful candidate's base wage placement within the listed range will vary based on the candidate's relevant experience and qualifications (which may also include relevant certifications, credentials and other education), the job responsibilities and scope, the commensurate resulting level of the position and other relevant factors. The listed range is also an estimate, and additional information regarding base wages and other elements of total compensation offered by Arrowstreet Capital to successful applicants will be communicated during the recruitment process.
Arrowstreet Capital is a Boston-based systematic investment firm that manages global equity portfolios for institutional investors around the world.
All qualified applicants will receive consideration for employment without regard to sex, race, color, religion, national origin, ancestry, genetic information, age, pregnancy, medical condition, disability, veteran or military status, marital status or any other characteristic protected by federal, state, or local law.
Arrowstreet Capital is committed to working with and providing reasonable accommodations for qualified individuals with disabilities and disabled veterans. If you need a reasonable accommodation for any part of the employment process due to a disability, contact us to discuss the nature of your request and contact information.

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