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Operational Risk Consultant

4 months ago

Boston, United States MASSMUTUAL Full time

**Operational Risk Consultant**

**Enterprise Risk Management**

**Full-Time Hybrid, Springfield or Boston**

**The Opportunity**

**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

RP-1

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.