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Operational Risk Manager Jobs in Springfield, MA

Conning

Chief Risk Officer

Hartford, CT · On-site

Design, implement, oversee, and maintain Conning's enterprise risk management framework and policies, including financial, operational, ICT, strategic, and reputational risks. * Identify, assess ...

Conning

Chief Risk Officer

Hartford, CT · On-site

Design, implement, oversee, and maintain Conning's enterprise risk management framework and policies, including financial, operational, ICT, strategic, and reputational risks. * Identify, assess ...

Farm Credit East

IT Operations Manager

Enfield, CT · On-site

Reduce operational risk through process maturity, automation, and disciplined change management. Vendor & Project Management * Manage relationships with technology vendors, MSPs, and service ...

Farm Credit East

IT Operations Manager

Enfield, CT · On-site

Reduce operational risk through process maturity, automation, and disciplined change management. Vendor & Project Management * Manage relationships with technology vendors, MSPs, and service ...

Munich Re

Senior IT Risk Officer

Hartford, CT · Hybrid

... with complex IT operations, regulatory expectations, and technology risk across multiple ... Prepare clear reporting and executive-ready materials for senior stakeholders, executive management ...

Munich RE

Senior IT Risk Officer

Hartford, CT · On-site

... with complex IT operations, regulatory expectations, and technology risk across multiple ... Prepare clear reporting and executive-ready materials for senior stakeholders, executive management ...

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Showing results 21-40

All JobsOperational Risk JobsOperational Risk Manager JobsOperational Risk Manager Jobs in Springfield, MA

Operational Risk Manager information

See Springfield, MA salary details

$46.8K

$120.3K

$236.2K

How much do operational risk manager jobs pay per year?

As of Aug 20, 2026, the average yearly pay for operational risk manager in Springfield, MA is $120,283.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,200.00 and $158,400.00 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 job categories do people searching Operational Risk Manager jobs in Springfield, MA look for?

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

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

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

Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Springfield, MA as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $120,283 per year, or $57.8 per hour.

Chief Risk Officer

Conning

Hartford, CT • On-site

Full-time

Re-posted 17 days ago

Job description

Conning is a leading global investment management firm with a long history of serving the insurance industry.
We develop customized investment strategies that address our clients' unique objectives, requirements and tolerance for risk. We develop solutions by leveraging Conning's risk management tools and utilizing a highly disciplined investment process that relies on fundamental analysis.
The Chief Risk Officer (CRO) leads the enterprise-wide risk management function with responsibility for overseeing and managing all aspects of risk across Conning. The CRO provides oversight of enterprise, fiduciary investment, operational, financial, regulatory, and emerging risks, ensuring alignment with Conning's strategy, client mandates, regulatory expectations, and our parent company's risk framework.
This role is central to safeguarding Conning's operating integrity, supporting informed decision making, and protecting long term enterprise value.
Responsibilities
  • Provide an independent view of risk across Conning and advise the Board, risk committees, and senior management on material risk matters.
  • Design, implement, oversee, and maintain Conning's enterprise risk management framework and policies, including financial, operational, ICT, strategic, and reputational risks.
  • Identify, assess, monitor, and escalate material risks, emerging risks, and risk events in a timely and transparent manner.
  • Provide independent oversight of fiduciary investment risks, ensuring adherence to client mandates, risk limits, and escalation protocols.
  • Lead the preparation and delivery of regular and ad hoc risk reporting, including quarterly risk oversight reports and Board level materials.
  • Conduct an annual assessment of the effectiveness of Conning's risk management system and internal control environment.
  • Lead and develop the risk management function, promoting strong risk culture and effective collaboration with business leaders.
  • Serve as the primary liaison between the firm and our parent organization for all risk- related matters.
  • Collaborate with our parent company's risk management team to address concerns, provide insights, and align risk mitigation strategies.
  • Manage several direct reports.

Requirements
  • 10+ years of experience in enterprise risk management within investment advisory, asset management, insurance, or other regulated financial services.
  • Bachelor's degree required. Advanced degree and/or professional risk credentials preferred.
  • Strong understanding of enterprise and fiduciary investment risks, governance frameworks, and regulatory expectations.
  • Proven ability to engage effectively with Boards, risk committees, and senior executives.
  • Excellent written and verbal communication skills, strong analytical skills, exemplary attention to detail and Board level reporting.
  • Ability to multi-task, be proactive, work independently, and work effectively under pressure (often under deadlines and changing priorities).
  • Highly motivated, proactive team player with a positive attitude.
  • Outstanding reputation of professional integrity and maturity.
  • Ability to clearly articulate views and supporting data.

Decision Making Level/Position Latitude
  • Strategic decision making skills with a high degree of latitude.

Conning is an equal opportunity employer. Our company embraces the principles of inclusion; our employees can bring the best version of themselves to work every day. We thrive in an environment where everyone's voice is heard, every idea counts, and the differences of our employees are valued. We provide reasonable accommodations to those who need them.
If you are unable to complete this application due to a disability, contact us to ask for an accommodation or an alternative application process.
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.
Applicants must exhibit a strong commitment to meet compliance obligations reflecting Conning's core values of honesty and integrity; must accept responsibility for compliance in each role and comply with all applicable rules, regulations, and legal requirements.

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