ZipRecruiter

Log In

1

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

RSM

SAP Transformation Risk Manager

Boston, MA · On-site

Manage a diverse portfolio of client work, ensuring profitability and risk management * Mentor future firm leaders and support their professional development * Proactively pursue personal development ...

Eastern Bank

Sr. Client Portfolio Manager

Boston, MA · On-site

$140K - $229K/yr

Contributes to research process with regard to asset allocation, portfolio construction, risk management, identifying relative value across sectors/regions and macro research. Responsibilities:

Bank of America

Portfolio Manager III

Boston, MA · On-site

$135K - $300K/yr

Manages all aspects of the client's investment portfolio including asset allocation, portfolio construction, security/manager selection, trade execution, risk management and compliance, and ...

next page

Showing results 1-20

People also search for

All JobsPortfolio Risk JobsPortfolio Risk Manager JobsPortfolio Risk Manager Jobs in Boston, MA

Portfolio Risk Manager information

See Boston, MA salary details

$40.2K

$109.1K

$203.7K

How much do portfolio risk manager jobs pay per year?

As of Jul 7, 2026, the average yearly pay for portfolio risk manager in Boston, MA is $109,132.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,200.00 and $141,200.00 per year, depending on experience, location, and employer.

What is the highest paying risk management job?

Senior risk management roles such as Chief Risk Officer (CRO) or Director of Risk typically offer the highest salaries in risk management, often exceeding six figures annually. These positions require extensive experience, advanced certifications like FRM or PRM, and strong leadership skills, especially in financial services and large corporations.

How does a Portfolio Risk Manager typically collaborate with investment teams to manage risk?

Portfolio Risk Managers work closely with portfolio managers, analysts, and traders to identify, assess, and mitigate potential risks within investment portfolios. They regularly participate in strategy meetings, provide risk analysis on proposed trades, and ensure portfolios remain aligned with the firm's risk appetite and regulatory requirements. Effective communication and data-driven insights are key, as Portfolio Risk Managers must translate complex risk metrics into actionable recommendations for the investment team. This collaborative approach helps ensure that investment decisions balance potential returns with an appropriate level of risk.

What is the highest salary for a risk manager?

The highest salaries for portfolio risk managers can exceed $150,000 to $200,000 annually, especially for those with extensive experience, advanced certifications like FRM or CFA, and working in major financial centers. Senior risk managers or those in leadership roles may earn even higher compensation, including bonuses and incentives.

How much does a risk manager get paid?

A portfolio risk manager's average salary in the United States ranges from $80,000 to $150,000 annually, depending on experience, location, and industry. Senior risk managers or those with specialized certifications like FRM or CFA can earn higher compensation, often exceeding $200,000 with bonuses and benefits included.

What are the key skills and qualifications needed to thrive as a Portfolio Risk Manager, and why are they important?

To thrive as a Portfolio Risk Manager, you need strong quantitative analysis, financial modeling abilities, and a solid understanding of risk management principles, often supported by a degree in finance, economics, or a related field. Familiarity with risk analytics tools such as Bloomberg, MATLAB, or SAS, and certifications like FRM or CFA are typically required. Strong communication, critical thinking, and problem-solving skills help in presenting complex risk findings to stakeholders and making sound decisions under pressure. These competencies are crucial for identifying, assessing, and mitigating risks to optimize portfolio performance and protect organizational assets.

What does a portfolio risk manager do?

A portfolio risk manager analyzes and monitors the risks associated with investment portfolios to ensure they align with the organization's risk appetite and objectives. They use tools like risk assessment models and financial data analysis to identify potential threats and implement strategies to mitigate losses, often working closely with investment teams and utilizing certifications such as FRM or CFA. Their role involves continuous evaluation of market conditions and portfolio performance to maintain optimal risk levels.
Portfolio Risk Manager jobs near you
Infographic showing various Portfolio Risk Manager job openings in Boston, MA as of July 2026, with employment types broken down into 81% Full Time, 17% Part Time, 1% Temporary, and 1% Contract. Highlights an 86% Physical, 1% Hybrid, and 13% Remote job distribution, with an average salary of $109,132 per year, or $52.5 per hour.
Senior Manager, Risk Operations

Senior Manager, Risk Operations

Fidelity Investments

Boston, MA • On-site

$147K - $157K/yr

Full-time

Re-posted 8 hours ago

Fidelity Investments rating

8.7

Company rating: 8.7 out of 10

Based on 266 frontline employees who took The Breakroom Quiz

16th of 146 rated financial services

Job description


Position Description:
Conducts risk assessments -- detailing controls, identifying potential gaps and inconsistencies, and making sound recommendations for improvement and mitigation -- in alignment with regulatory guidelines. Modernizes risk management and tests using data investigation. Builds risk management reporting using data visualization tools (Tableau and Power BI). Performs day-to-day risk operations, issue, and audit management process, using Archer GRC risk platforms. Supports and coordinates processes to comply with laws and regulations relating to operational risks. Provides senior management with updates on the overall status of Operational Controls and Governance, along with action plans to address and remediate identified issues.
Primary Responsibilities:
  • Establishes new technology-based solutions to test systems processes.

  • Creates solutions to address testing and oversight requirements.

  • Creates risk assessment, control testing, and compliance related work.

  • Presents assessment findings to partners and finalizes remediation timelines.

  • Ensures appropriate remediation and accountability tracking and monitoring of daily trade activities for equity, fixed income, and alternative funds and accounts.

  • Identifies anomalies in portfolios and ensures investment policy limitations are followed.

  • Collaborates across teams to optimize support provided to the business.

  • Develops innovative solutions to enhance testing controls.

  • Delivers results in an accurate and timely manner.

  • Serves as a critical link between data and technology teams and executive leadership.

  • Recognizes systems issues, assesses risks, and identifies items requiring escalation.

  • Builds and implements strategies that use analytics techniques, tools, and methods.

Education and Experience:
Bachelor's degree in Computer Science, Engineering, Engineering Management, Information Technology, Information Systems, or a closely related field (or foreign education equivalent) and five (5) years of experience as a Senior Manager, Risk Operations (or closely related occupation) performing daily risk monitoring and reporting, assessing environment control, identifying potential risk issues, and driving risk mitigation efforts, within a global asset management or financial service industry.
Or, alternatively, Master's degree in Computer Science, Engineering, Engineering Management, Information Technology, Information Systems, or a closely related field (or foreign education equivalent) and three (3) years of experience as a Senior Manager, Risk Operations (or closely related occupation) performing daily risk monitoring and reporting, assessing environment control, identifying potential risk issues, and driving risk mitigation efforts, within a global asset management or financial service industry.
Skills and Knowledge:
Candidate must also possess:
  • Demonstrated Expertise ("DE") conducting advanced data analysis on portfolio accounting, portfolio and security reference, index, and performance and attribution data, using SQL, Excel, and Tableau, to monitor and translate complex analytics into strategic insights for alignment between operation execution and business objectives; and performing complex data querying of data lakes and Cloud data platforms (Snowflake), using SQL.

  • DE automating control testing processes by removing manual processes of data gathering, filtering, cleaning, and analyzing data using, OBIEE, SQL Developer, Snowflake, and Tableau; creating and tracking Key Risk Indicators (KRI) to identify trends and mitigate risks, using a KRI dashboard; and developing and executing detailed test plans that address potential risks in risk management and operation systems, reporting applications, and tools, to support systems testing in User Acceptance Testing (UAT) and Production environment.

  • DE identifying regulatory and operational risks, and root causes for risk issues and audits, using Archer GRC; creating reports and presentations from systems of record using Archer GRC, internal error tracking tools, Excel, and Tableau; and translating identified risks, issues, and action plans, into formats that executive leadership can use to aid in risk management and decision making, using PowerPoint, Tableau, and SharePoint.

  • DE conducting proactive risk and readiness assessments, aligned with key business risks and their financial impacts, using Snowflake and Bloomberg; and researching incidents and assigning gains and losses to associated events, using Excel, Tableau, and General Ledger (GL) platforms, give senior executives clear insights that connect risk exposure to performance and support issue tracking.

Salary: $147,081.00 - $157,081.00/year.
#PE1M2
#LI-DNI
Certifications:
Category:
Risk
Please be advised that Fidelity's business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

What Fidelity Investments employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Apply