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

Ameriprise Financial

Investment Risk Analyst

Boston, MA · On-site

$87K - $120K/yr

Review risk reports, communicate findings and raise observations to senior risk managers and ... Group Business Support & Operations Line of Business AMINV US Asset Management Columbia ...

Pwc

Data Validation Risk - Manager

Boston, MA

$99K - $232K/yr

... Risk Manager, you will play a pivotal role within our Risk & Regulatory practice, focusing on ... operations, and achieving strategic goals. As a Manager, you will lead teams and manage client ...

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Operational Risk Manager information

See Needham, MA salary details

$51.2K

$131.5K

$258.2K

How much do operational risk manager jobs pay per year?

As of Jul 13, 2026, the average yearly pay for operational risk manager in Needham, MA is $131,492.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,100.00 and $173,200.00 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 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 job categories do people searching Operational Risk Manager jobs in Needham, MA look for? The top searched job categories for Operational Risk Manager jobs in Needham, MA are:
What cities near Needham, MA are hiring for Operational Risk Manager jobs? Cities near Needham, MA with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Safety and Risk Manager

Safety and Risk Manager

Schernecker Property Services

Needham, MA • On-site

Full-time

Medical, Dental, Vision, Retirement

Posted 14 days ago

Job description

What we do at SPS:

SPS helps condominium communities make confident, well-informed decisions about their aging buildings and shared property. With nearly 40 years of experience in exterior restoration and building envelope projects, SPS partners with boards and property managers to plan and execute long-term solutions that protect property values and support the future of the community.

 

What our Safety and Risk Manager will do:

As our Safety and Risk Manager, your role will have four main components: 1) Leading the Safety Team and building upon SPS’s “Safety First and Zero Incidents” culture. 2) Managing Insurance requirements within SPS and working with providers. 3) Oversee the Independent Contractor program. 4) Managing all aspects of the SPS vehicle fleet. The responsibilities are expected to include:

 Safety Team Management:

  •  Managing goal setting and performance of: Senior Safety Manager and Independent Contractor Liaison
  • Oversee management of SPS’s safety programs and procedures in order to ensure every employee returns home safely every night.
  • Completing safety inspections at job sites in New England
  • Holding one-on-one safety training sessions for new SPS employees.
  • Build Safety Programs in expansion markets as needed outside of New England.
  • Identifying gaps in programs and implementing strategies to close them. 

 Insurance Risk Mitigation:

  • Work with the IC Liaison to ensure any contractor working with SPS is properly insured
  • Manage relationships with SPS’s insurance providers and review current policies and renewals to make sure we’re always getting the best coverage and rates.
  • Serve as the main point of contact for insurance-related questions and issues.
  • Create and manage efficiencies within the department

Fleet Management:

  • Purchase and Sales of all company vehicles
  • Oversee auto claims and repairs
  • Coordinate vehicle service with drivers.
  • Holding an intro to vehicle safety training for new authorized SPS drivers.
  • Coordinate annual driver safety training.

Performing other incidental and related duties as required and assigned. A driver’s license and access to a vehicle for job-site visits will be required.

A successful Safety and Risk Manager balances these responsibilities through self-motivation, excellent time management, a desire to improve the efficiency and effectiveness of processes, and a strong commitment to “doing the job right.” The Safety and Risk Manager is a full-time, exempt position supervised by the Director of Operations Support.

 Key qualifications:

  • Reliability: Meets deadlines and delivers as promised. Gets the job done right the first time. Willing and able to work as needed to accomplish goals.
  • Self-motivated: Is disciplined. Sets and works to achieve goals without needing to be managed. Identifies and overcomes obstacles and sees tasks through to full completion
  • Organization: Is able to prioritize and accurately handle a diverse list of responsibilities. Comfortable in a fast-paced schedule with time-sensitive requirements.
  • Communication: Has excellent oral and written skills. Builds and maintains strong working relationships with clients, vendors, and employees. Ability to speak and understand Spanish a plus.
  • Problem Solving: Is able to effectively handle a variety of situations that may arise by solving them directly or working with others.
  • Team player: Works harmoniously with co-workers, clients, and vendors with a team-first attitude.
  • Attention to detail: Prioritizes precision and quality over quantity or speed. Pays close attention to detail.
  • Construction Knowledge: Has working knowledge of carpentry, roofing, and painting. Has knowledge of how to operate and maintain construction-related tools and equipment safely. 
  • Insurance Knowledge: Has worked in or closely with the Insurance industry. Knowledge of Workers’ Compensation, General Liability, and Auto policies specifically related to the construction Industry.
  • Technology: Has basic computer skills and is comfortable with Microsoft Office Suite. Experience using file sharing platforms like Box is a plus.

Employee benefits:

SPS offers a competitive benefits program that includes Medical, Dental, Vision, 401(K), and other benefits. Additional details will be made available during the hiring process.

 
Employment Type: FULL_TIME

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