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

Oscar Health

Senior Actuarial Analyst

Hartford, CT · Remote

$101K - $133K/yr

The Senior Analyst, Actuarial will play a key role in Oscar's valuation function, focusing specifically on risk adjustment across all Affordable Care Act (ACA) markets. This role will own the ...

Munich Re

Senior Internal Auditor

Hartford, CT · Hybrid

$85K - $105K/yr

The Senior Internal Auditor leads engagement teams that conduct independent assessments of Munich ... Independently or through guiding assigned audit staff, conducts risk analysis, control ...

The Hartford

Director, Credit Risk

Hartford, CT · On-site

$132K - $198K/yr

This Director level role serves as a senior subject matter expert in credit risk, financial analysis, and collateral structuring, partnering closely with National Accounts underwriting (~$600M annual ...

Munich Re

Senior Internal Auditor

Hartford, CT · On-site

$85K - $105K/yr

The Senior Internal Auditor leads engagement teams that conduct independent assessments of Munich ... Independently or through guiding assigned audit staff, conducts risk analysis, control ...

IFG Companies

Risk Management Actuary

Hartford, CT · On-site

$150K - $200K/yr

... risk analysis. This role partners closely with Underwriting, Pricing, Reserving and senior leadership to ensure that pricing structures, risk transfer strategies and portfolio monitoring practices ...

Munich Re

Cyber and Tech Risk UW SR

Hartford, CT · On-site +1

$99K - $117K/yr

We combine underwriting expertise, cyber risk intelligence, and advanced analytics to help ... The Senior Underwriter partners closely with internal stakeholders to support product, coverage ...

Aston Carter

Senior Financial Analyst

Springfield, MA · On-site

$39.93 - $54.29/hr

SummaryThe Senior Financial Analyst (FP&A) supports the development of annual budgets, forecasts ... for risk-sharing and reimbursement modelsProvide financial input into strategic planning ...

Munich Re

Cyber and Tech Risk UW SR

Hartford, CT · On-site

$99K - $117K/yr

We combine underwriting expertise, cyber risk intelligence, and advanced analytics to help ... The Senior Underwriter partners closely with internal stakeholders to support product, coverage ...

IFG Companies

Senior Actuarial Analyst

Hartford, CT · On-site

$100K - $130K/yr

Draft POSITION SUMMARY The Senior Actuarial Analyst ("SAA") plays an important role in supporting ... S. college/university, with a major or coursework in insurance, risk management, economics ...

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All JobsSenior Risk Analyst JobsSenior Risk Analyst Jobs in Springfield, MA

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 29, 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 jobs near you
Risk Manager, ALM Credit and Market Risk

Risk Manager, ALM Credit and Market Risk

The Hartford Financial Services Group, Inc.

Hartford, CT • On-site

$112K - $168K/yr

Full-time

Posted 19 days ago

Key responsibilities

  • Own and lead the investment capital stress testing framework, including model governance, assumption oversight, and ongoing enhancements.

  • Forecast capital impacts and quantify capital sensitivity under prescribed, market-driven stress scenarios using multiple rating agency and NAIC frameworks.

  • Lead and mentor one to two analysts while supporting the development and enhancement of risk, capital, and ALM models aligned with enterprise risk management objectives.

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

Risk 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.
Risk Manager, ALM Credit and Market Risk
The Risk Manager will join the ALM, Credit and Market Risk team and be responsible for assessing investment capital considerations and monitoring The Hartford's exposure to interest rate, credit, equity, and foreign exchange risks. This role supports effective risk oversight by ensuring investment risk exposures remain within established risk management parameters across varying economic conditions.
The position requires a strong understanding of an insurance company balance sheet and solid knowledge of fixed income and equity asset classes. The Risk Manager will partner closely with Enterprise Risk Management, HIMCO, Treasury, Finance, and the Insurance Businesses to analyze and communicate capital and income considerations under various scenarios. Key responsibilities include maintaining risk models and presenting analytical insights to internal stakeholders.
This position is based in Hartford, CT (Home Office).
Responsibilities:
  • Own and lead the investment capital stress testing framework, including model governance, assumption oversight, and ongoing enhancements.
  • Forecast capital impacts under prescribed, market-driven stress scenarios using multiple rating agency and NAIC frameworks.
  • Quantify capital sensitivity across GAAP, Statutory, and Economic accounting perspectives under market stress scenarios.
  • Apply investment and capital markets expertise particularly in fixed-income securities and derivatives to assess portfolio positioning and risk exposures.
  • Analyze interest rate, credit spread, and equity stress scenarios and communicate impacts on financial performance.
  • Assess asset impact under climate stress scenarios through validation of key modeling assumptions.
  • Lead and mentor one to two analysts while supporting the development and enhancement of risk, capital, and ALM models aligned with enterprise risk management objectives.
  • Lead risk monitoring and analysis in response to market events, communicating insights to a broad range of stakeholders.
  • Leverage AI to enhance risk analytics and strengthen stress testing capabilities.
  • Communicate effectively with Lines of Business, HIMCO, and Corporate Finance, translating analytical results into clear, actionable insights for stakeholders.

Qualifications:
  • A minimum of five years of professional experience in investment risk role focused on fixed income is ideal. Experience in corporate finance, actuarial, investment, or a related field may also be considered.
  • Excellent statistical and quantitative background
  • Programming and modeling skills specifically in R
  • Foundational knowledge of pricing, valuation, financial and risk management models.
  • Organized and detail oriented with an ability to adjust to multiple projects and shifting priorities.
  • Excellent communication skills with senior leaders and key business partners including the ability to summarize complex analysis for diverse audiences.
  • B.A. or B.S. in finance or another quantitative discipline.
  • Master's degree in a quantitative discipline, MBA, and/or actuarial credentials or progression toward credentials (ASA, ACAS) and/or a C.F.A. is a plus.

As a condition of your employment for HIMCO, you will be required to affirm to HIMCO's Code of Ethics and understand that you will be required to comply with the disclosure of accounts, holdings and pre-clearance of trades for the accounts of you and your household family members as more fully described in the Code of Ethics Key Points. If you will be deemed to be a "Covered Associate" under HIMCO's Pay to Play Policy, you will also need to disclose all political contributions that you have given within the past 2 calendar years.
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:
$112,400 - $168,600
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

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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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