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Operational Risk Manager Jobs in Springfield, MA

Dennis Group

Risk & Contracts Specialist

Springfield, MA · On-site

$120K - $150K/yr

... finance operations.Key Responsibilities Insurance Review contractual insurance requirements for ... Partner with General Counsel to manage Dennis Group's overall insurance program and maintain ...

3M HEALTHCARE

Teller

Longmeadow, MA · On-site

$18 - $26.21/hr

It is important for the position to stay current on operational changes and demonstrate good risk management decisions to assist the branch in managing preventable losses and reducing fraudulent ...

The Hartford

AVP Applied AI

Hartford, CT · On-site +1

... and operational risk signals, guiding leaders through disciplined tradeoffs across quality ... Ensure evaluation results inform prioritization, release decisions, and risk management at the ...

3M HEALTHCARE

Teller

Longmeadow, MA · On-site

$18 - $26.21/hr

It is important for the position to stay current on operational changes and demonstrate good risk management decisions to assist the branch in managing preventable losses and reducing fraudulent ...

MassMutual

Contract and Business Analyst

Springfield, MA · On-site

$92K - $121K/yr

... risk management, reinsurance administration, and external reinsurers. This is an exciting ... Impact: * Support Reinsurance Development across business, operational, financial, and legal ...

New

M&T Bank

Relationship Banker

Hartford, CT · On-site

$22.61 - $37.67/hr

The position must stay current on operational, product, and system changes/enhancements, as well as demonstrate good risk management decisions to assist the branch in managing preventable losses and ...

M&T Bank

Relationship Banker

Hartford, CT · On-site

$22.61 - $37.67/hr

The position must stay current on operational, product, and system changes/enhancements, as well as demonstrate good risk management decisions to assist the branch in managing preventable losses and ...

M&T Bank

Teller

Agawam, MA · On-site

$18 - $26.21/hr

It is important for the position to stay current on operational changes and demonstrate good risk management decisions to assist the branch in managing preventable losses and reducing fraudulent ...

M&T Bank

Teller

Vernon, CT · On-site

$19 - $28.84/hr

It is important for the position to stay current on operational changes and demonstrate good risk management decisions to assist the branch in managing preventable losses and reducing fraudulent ...

M&T Bank

Teller (Holyoke Northampton Branch)

Holyoke, MA · On-site

$18 - $26.21/hr

It is important for the position to stay current on operational changes and demonstrate good risk management decisions to assist the branch in managing preventable losses and reducing fraudulent ...

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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.

Risk & Contracts Specialist

Dennis Group

Springfield, MA • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted just now

Job description

Position Summary
The Risk & Contracts Specialist supports Dennis Group's complex and fast-paced design-build food and beverage manufacturing plant projects by managing contractual risk and ensuring insurance compliance across all client, vendor, and subcontractor transactions. This role is responsible for reviewing project-related contracts and insurance requirements, advising project teams on risk exposure, and coordinating with brokers and insurers. The Risk & Contracts Specialist will be a member of a small, team-oriented legal department.
The ideal candidate has experience in the A/E/C industry, understands design and construction project-based risk, and is comfortable working at the intersection of contracts, insurance, and business and finance operations.
Key Responsibilities
Insurance
  • Review contractual insurance requirements for compliance (professional liability, commercial general liability, workers' compensation, auto liability, Umbrella/excess).
  • Partner with General Counsel to manage Dennis Group's overall insurance program and maintain accurate records and renewal tracking for all insurance policies.
  • Assist General Counsel with claims reporting, documentation, and coordination with insurers when required.
  • Collect, review, and track Certificates of Insurance (COIs) for clients, subcontractors, subconsultants, and vendors to ensure they meet contractual requirements and resolve any non-compliance issues.
  • Serve as point person for Dennis Group's Master Builder's Risk policy and work with broker to obtain additional Builder's Risk insurance coverage on a project-by-project basis.
  • Serve as point person for participation in Owner Controlled Insurance Programs (OCIPs) or other owner-driven insurance programs.
  • Complete annual insurance renewal applications and review carriers' proposals with brokers.
  • Support annual audit requests from commercial general liability, auto and workers compensation carriers.

Contract Review
  • Review engineering, procurement and construction contracts to identify language representing commercial and insurance-related risk and recommend revisions.
  • Ensure contracts align with internal policies and procedures and company objectives.
  • Partner with legal counsel and insurance brokers to resolve risk and coverage gaps in project contracts.
  • Negotiate contracts with owners, subcontractors and vendors.

Project & Stakeholder Support
  • Serve as a resource for Project Managers regarding insurance and contractual obligations.
  • Contribute to development of training and reference materials regarding contracts, insurance and related risk management topics.
  • Support Project Managers, General Counsel and Risk Committee with contractual risk assessments during proposal, pre-award, and project execution phases.

Required Qualifications
  • Bachelor's degree in Business, Finance, or related field.
  • 10-15 years of experience in contract review, risk management, and/or insurance compliance in the A/E/C industry or other technical consulting environments.
  • Experience collaborating with project operations, insurance brokers, insurers, and legal teams.

Preferred Qualifications
  • Experience with Design-Build and/or EPC/EPCM project delivery methods.
  • Experience with industry-standard contracts (e.g., AIA, DBIA, ConsensusDocs, EJCDC, FIDIC).
  • Working knowledge of professional liability insurance coverage for engineers and architects.
  • Familiarity with delivering construction-related professional services internationally.
  • Experience with Subcontractor Default Insurance (SDI) and related pre-qualification programs and claims handling.

Core Skills & Competencies
  • Proven excellence at interpreting contract language and contractual risk.
  • Strong understanding of different insurance coverages and able to navigate insurance policies easily.
  • Collaborative, solutions-focused mindset.
  • Clear and professional written and verbal communication skills.
  • Ability to support multiple concurrent projects and deadlines.
  • High attention to detail and document accuracy.
  • Strong organizational and tracking skills.
  • Proficiency in Microsoft Office and contract or insurance management systems.
  • Willingness and ability to embrace emerging technologies and tools (e.g., AI).

About Us
We plan, design, engineer, and build food plants for major brands across the country and the world. For the past three decades, we've focused exclusively on the food and beverage industry, helping your favorite brands put your favorite foods in the grocery store. Simply put, food isn't one thing we do, it's all we do.
Dennis Group offers competitive compensation packages commensurate with experience. We provide comprehensive employee benefits including medical, dental, vision, life and disability insurance, paid time off including an open vacation policy, as well as bonus, profit-sharing, and retirement plans.
Dennis Group is proud to provide equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or genetics.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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