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Senior Risk Analyst Jobs in Springfield, MA (NOW HIRING)

Sr Risk Analyst - KR07DERisk Manager - KR07AE We're determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having ...

Open to all HSB/Munich Re Offices + Remote Options Senior Cyber and Tech Risk About the Role ... Analyze market trends and recommend coverage, pricing, and product changes to maintain competitive ...

Open to all HSB/Munich Re Offices + Remote Options Senior Cyber and Tech Risk About the Role ... Analyze market trends and recommend coverage, pricing, and product changes to maintain competitive ...

As a Senior Manager, you will leverage your skills and network to deliver quality results. You will ... analytical thinking to identify underlying problems and opportunities in risk management - Crafting ...

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Senior Risk Analyst information

See Springfield, MA salary details

$53.3K

$109.5K

$142K

How much do senior risk analyst jobs pay per year?

As of Jun 28, 2026, the average yearly pay for senior risk analyst in Springfield, MA is $109,462.00, according to ZipRecruiter salary data. Most workers in this role earn between $90,200.00 and $136,500.00 per year, depending on experience, location, and employer.

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

To thrive as a Senior Risk Analyst, you need strong analytical skills, a solid grasp of risk assessment methodologies, and typically a degree in finance, economics, or a related field. Proficiency with risk management software, data analysis tools like Excel, and familiarity with regulatory frameworks such as Basel III or SOX is often required. Attention to detail, critical thinking, and effective communication are crucial soft skills for identifying, evaluating, and reporting risks. These competencies are vital for ensuring accurate risk identification and mitigation, supporting sound business decisions, and maintaining regulatory compliance.

How does a Senior Risk Analyst typically collaborate with other departments to identify and mitigate risks?

Senior Risk Analysts regularly work with teams across the organization, such as compliance, finance, operations, and IT, to identify emerging risks and implement mitigation strategies. They often participate in cross-functional meetings, provide insights from data analysis, and help develop policies that address both regulatory requirements and business objectives. Building strong working relationships and communicating complex risk scenarios in an accessible way are key to ensuring coordinated risk management efforts. This collaborative approach not only helps in early detection of potential issues but also fosters a proactive risk culture within the company.

How much does a senior risk analyst make in the US?

A senior risk analyst in the US typically earns between $80,000 and $120,000 annually, depending on experience, industry, and location. They often require strong analytical skills, knowledge of risk management tools, and relevant certifications such as FRM or CRM.

Do risk analysts make a lot of money?

Risk analysts typically earn a competitive salary that varies based on experience, education, and industry. According to industry data, the median annual salary for risk analysts is around $70,000 to $90,000, with higher earnings possible for senior or specialized roles. Certifications like FRM or CRM can also enhance earning potential.

What is the difference between Senior Risk Analyst vs Risk Analyst?

AspectSenior Risk AnalystRisk Analyst
Required CredentialsBachelor's degree, often certifications like FRM or CRMBachelor's degree, some certifications like FRM or CRM
Work EnvironmentFinancial institutions, insurance companies, consulting firmsFinancial firms, corporations, government agencies
Employer & Industry UsageUsed across finance, insurance, and consulting sectorsCommon in finance, banking, and insurance industries

The main difference is that Senior Risk Analysts typically have more experience, advanced certifications, and handle more complex risk assessments. They often lead projects and mentor junior staff, whereas Risk Analysts focus on data collection, analysis, and supporting risk management processes.

How much does a senior risk analyst earn?

A senior risk analyst typically earns between $80,000 and $120,000 annually, depending on experience, industry, and location. They often require strong analytical skills and knowledge of risk management tools and regulations.

What does a senior risk analyst do?

A senior risk analyst evaluates potential risks that could impact an organization’s financial health, operations, or reputation. They analyze data, develop risk mitigation strategies, and use tools like risk assessment software to inform decision-making. This role often requires strong analytical skills, industry knowledge, and relevant certifications such as FRM or CRM.
What are the most commonly searched types of Risk Analyst jobs in Springfield, MA? The most popular types of Risk Analyst jobs in Springfield, MA are:
What cities near Springfield, MA are hiring for Senior Risk Analyst jobs? Cities near Springfield, MA with the most Senior Risk Analyst job openings:
Senior Risk Analyst, CAT

Senior Risk Analyst, CAT

The Hartford

Hartford, CT • On-site

Full-time

Posted 19 days ago


The Hartford rating

8.8

Company rating: 8.8 out of 10

Based on 109 frontline employees who took The Breakroom Quiz

51st of 263 rated insurance


Job description

Sr Risk Analyst - KR07DERisk Manager - KR07AE

We're determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals - and to help others accomplish theirs, too. Join our team as we help shape the future.

Senior Risk Analyst, CAT

The Enterprise Risk Management (ERM) department is responsible for enterprise aggregate exposure management and reporting, portfolio aggregation and catastrophe pricing and modeling. The Senior Risk Analyst will support reporting of key catastrophe modeling metrics for Middle and Large Business . The position will report to the Senior Director of ERM Insurance Risk Management.

We are not able to offer any kind of visa sponsorship at this time for this position

Responsibilities

  • Support Middle and Large Business catastrophe modeling for natural perils, terrorism and other specified non-CAT metrics.
  • Communicate with business segments regarding catastrophe model output and key modeling initiatives.
  • Oversee monthly, quarterly, and annual reporting for key catastrophe modeling metrics.
  • Interact with other functional areas within and outside of the ERM organization.

Qualifications

  • An undergraduate degree in Economics or Actuarial Science and a demonstrated aptitude for coding, statistical analysis, and data visualization.
  • 5+ years of work experience related to catastrophe risk management and modeling.
  • Experience in Excel/VBA, SQL, R and CoPilot (or other AI)
  • Experience of working with commonly used Catastrophe Models such as AIR (Touchstone) or RMS (Risklink). CEEM designation is preferred but not required.
  • Good verbal and written communications skills.
  • The ability to manage multiple projects at once.

Compensation

The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford's total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:

111,200 - 168,600

The posted salary range reflects our ability to hire at different position titles and levels depending on background and experience.

Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

About Us|Our Culture | What It's Like to Work Here | Perks & Benefits


What The Hartford employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom


Hartford logo

About Hartford

Sourced by ZipRecruiter

Hartford Financial Services Group, widely recognized as The Hartford, is a renowned company based in Hartford, CT, US. Established in 1810, it has evolved into an industry leader in the insurance and financial services sector, proudly serving more than one million businesses in the US. The Hartford is committed to offering a gamut of insurance products that include homeowners, automobile, and business insurance as well as employee benefits and mutual funds. The company’s core values revolve around customer-focused innovations, diversity and inclusion, and ethical dealings that have earned them a customer-centric reputation. This shapes their mission which revolves around aiding their clients to overcome unforeseen obstacles and enhancing their wealth over time. Among the company's noted accomplishments is being consistently listed among the World's Most Ethical Companies, a testament to their unwavering commitment towards responsible business practices.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Hartford, CT, US

Year founded

1810

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