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

As the First Line Risk Senior Manager , you will represent the first line of defense and identify and mitigate potential risks through the identification, management, and mitigation of the risk and ...

As the First Line Risk Senior Manager , you will represent the first line of defense and identify and mitigate potential risks through the identification, management, and mitigation of the risk and ...

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Senior Risk Manager information

See Boston, MA salary details

$24.4K

$128.5K

$228.1K

How much do senior risk manager jobs pay per year?

As of Jul 6, 2026, the average yearly pay for senior risk manager in Boston, MA is $128,469.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,800.00 and $157,500.00 per year, depending on experience, location, and employer.

How much do senior risk managers make?

Senior risk managers typically earn between $90,000 and $150,000 annually, depending on experience, industry, and location. They often hold certifications such as FRM or CRM and work in finance, insurance, or corporate risk management environments.

What does a typical day look like for a Senior Risk Manager?

A Senior Risk Manager’s day often includes analyzing complex data to assess potential financial, operational, or strategic risks and developing mitigation strategies accordingly. You’ll regularly collaborate with business leaders across departments, provide expert advice during project planning, and prepare detailed risk reports for executive management or compliance committees. Additionally, you may oversee junior risk team members, guide audit processes, and participate in risk review meetings. This role offers dynamic daily challenges that require both independent analysis and team-oriented communication, making it ideal for those who enjoy both strategic thinking and hands-on collaboration.

What is the highest paying risk management job?

Senior risk management roles, such as Chief Risk Officer (CRO), tend to be the highest paying positions in risk management, often earning six-figure salaries or more depending on the industry and company size. These roles require extensive experience, advanced certifications like FRM or CRM, and strong leadership skills.

What does a senior risk manager do?

A senior risk manager identifies, assesses, and mitigates potential risks that could impact an organization’s financial health, operations, or reputation. They develop risk management strategies, oversee compliance with regulations, and often use tools like risk assessment software. Strong analytical skills and industry certifications such as FRM or CRM are typically required.

What does a Senior Risk Manager do?

A Senior Risk Manager identifies, assesses, and mitigates potential risks that could impact an organization's financial health, operations, or reputation. They develop risk management strategies, ensure compliance with industry regulations, and collaborate with various departments to implement risk controls. Additionally, they analyze market trends and internal processes to proactively address potential threats. Their goal is to minimize risk exposure while supporting business objectives and long-term sustainability.

What are the key skills and qualifications needed to thrive in the Senior Risk Manager position, and why are they important?

To excel as a Senior Risk Manager, you need strong analytical capabilities, a deep understanding of risk assessment methodologies, and a relevant degree such as finance, economics, or business administration. Familiarity with risk modeling software, governance frameworks (like COSO or ISO 31000), and industry certifications such as FRM or CRM are highly valued. Exceptional communication, leadership, and decision-making skills help distinguish top performers in this role. These abilities are essential for effectively identifying, evaluating, and mitigating potential risks while supporting organizational objectives.

What is the highest salary for a risk manager?

The highest salaries for senior risk managers can exceed $150,000 annually, especially in large financial institutions or corporations in high-cost areas. Factors such as experience, certifications like FRM or PRM, and industry sector influence top-tier compensation levels.
What are popular job titles related to Senior Risk Manager jobs in Boston, MA? For Senior Risk Manager jobs in Boston, MA, the most frequently searched job titles are:
What job categories do people searching Senior Risk Manager jobs in Boston, MA look for? The top searched job categories for Senior Risk Manager jobs in Boston, MA are:
First Line Risk Senior Manager

First Line Risk Senior Manager

Citizens

Westwood, MA • Hybrid

$115K - $145K/yr

Other

Medical, Dental, Vision, Retirement, PTO

Posted 17 days ago


Job description

Description

At Citizens, we're more than a bank! As a part of our team, you're made ready for a fulfilling career with exciting new challenges and opportunities to stretch yourself!

 As the First Line Risk Senior Manager, you will represent the first line of defense and identify and mitigate potential risks through the identification, management, and mitigation of the risk and controls environment. You will serve as a liaison, interfacing with business partners to drive meaningful reductions in risk. You will provide and direct complex analysis on product and customer strategies to establish risk thresholds.

While in this role, you will be responsible for proactively reviewing, analyzing, and identifying emerging risks, escalating to the Senior Director/Director of First Line Risk where appropriate. You will work with the Senior Director/Director to adhere to internal governance processes and controls for existing and new risk strategies and provide suggestion for remediation. You will lead change control efforts to ensure impacts are appropriately assessed, documented, and implemented. You will work closely with Compliance officers to ensure that your team is up to date and in compliance with all applicable regulatory requirements. You will play a key role in determining how compliance matters are handled. You will also work with the First Line Risk Manager to initiate investigations into control failures and related issues. Additionally, this role will have some oversight of pilot programs, products, and strategies.

 Most importantly, you'll feel valued for who you are and supported to achieve what's important to you, personally and professionally!

 Primary responsibilities include

  • Support the identification, measurement, and mitigation of material risks in the organization.
  • Support various business line projects to address specific risk issues, working with business leaders to analyze and quantify risks, assess solutions or mitigation activities, and develop remediation plans.
  • Implement and support internal governance processes.
  • Provide risk point of view on strategies, driving change where appropriate.
  • Synthesize data and reporting; perform analysis and bring valuable business insights through evaluation of data in relation to risk and control management strategies.
  • Reviews current policies and procedures to identify process gaps and opportunities for improvement.
  • Promote a culture of risk awareness and accountability through training, education, and risk management consultative support.

To thrive as a colleague at Citizens, candidates must demonstrate a strong customer-centric mindset, exhibit persistence and resilience in the face of challenges, and embrace continuous learning to adapt and grow in a dynamic environment.

Qualifications:

  • 5+ years' experience in Risk Management, Audit, or Compliance
  •  Prior experience implementing and supporting enterprise-wide Risk programs
  •  Experience with Governance, Risk Management, and Compliance (GRC) platforms 
  •  Knowledge and understanding of regulatory and legislative guidelines 
  •  Demonstrated interpersonal relationship building and team facilitation skills
  •  Proven leadership skills
  •  Ability to work in a fast-paced environment with competing priorities
  •  Excellent communications skills, both written and verbal

 

Education:

  • Bachelor's Degree OR at least 5 years of work experience 
  • Preferred Certifications - Certified Internal Auditor (CIA), Certified Risk Professional (CRP), Certified Regulatory Compliance Manager (CRCM) 

Hours and Work Schedule: 
Hybrid (4 days in office, 1 day remote)
Locations: Johnston, RI or Westwood, MA

Hours per week: 40

Work Schedule: Monday-Friday

Pay Transparency

The salary range for this position is $115,000-$145,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens' paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit  https://jobs.citizensbank.com/benefits .

Citizens will not sponsor an applicant for a work visa, such as an H-1B, for this position.

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Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.

Education:Why Work for UsEmployment Type: 1ST