Operational Risk Consultant

Operational Risk Consultant

Enterprise Risk Management

Full-Time Hybrid, Springfield or Boston

The Opportunity

We are seeking a skilled Operational Risk Consultant to join our team at a leading life insurance company. The ideal candidate will have a strong background in risk management, particularly within the insurance sector, and will be responsible for identifying, assessing, and mitigating operational risks across the organization.

The Team

The Operational Risk Team within Enterprise Risk Management (ERM) works closely with the business to evaluate operational risks, and the effectiveness of risk management actions.

In the Three Lines of Defense model, ERM is a second line function; our responsibility is to monitor risk and control in support of management. The business areas (first line) own their controls and internal audit (third line) provides independent assurance.

The Impact:

• Develop and implement operational risk management frameworks, policies, and procedures.

• Conduct risk assessments to identify potential operational risks and evaluate existing controls.

• Analyze data and trends to assess the effectiveness of risk management strategies.

• Collaborate with internal stakeholders to develop risk mitigation plans and monitor their implementation.

• Provide training and guidance to staff on operational risk management practices.

• Stay informed about regulatory developments and industry best practices related to operational risk management.

• Prepare reports and presentations for senior management and regulatory bodies.

The Minimum Qualifications

• Bachelor's degree in finance, business administration, or a related field
• 3+ years of experience in operational risk management

The Ideal Qualifications

• Advanced degree or professional certification (e.g., FRM, CRM) preferred

• Strong analytical and problem-solving skills, with the ability to interpret complex data and trends

• Excellent communication and interpersonal skills, with the ability to collaborate effectively with stakeholders at all levels

• Knowledge of relevant regulatory requirements and industry standards related to operational risk management

• Proficiency in risk management tools and software

What to Expect as Part of MassMutual and the Team

• Regular meetings with the Enterprise Risk Management Team

• Focused one-on-one meetings with your manager.

• Access to mentorship opportunities

• Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran, and disability-focused Business Resource Groups

• Access to learning content on Degreed and other informational platforms

• Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

#LI-RP1

Salary Range:

$95,100.00-$124,800.00

At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.

Why Join Us.

We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.

We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure - it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.