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 field3+ years of experience in operational risk management

The Ideal Qualifications

Advanced degree or professional certification (e.g., FRM, CRM) preferredStrong analytical and problem-solving skills, with the ability to interpret complex data and trendsExcellent communication and interpersonal skills, with the ability to collaborate effectively with stakeholders at all levelsKnowledge of relevant regulatory requirements and industry standards related to operational risk managementProficiency in risk management tools and software

What to Expect as Part of MassMutual and the Team

Regular meetings with the Enterprise Risk Management TeamFocused one-on-one meetings with your manager.Access to mentorship opportunitiesNetworking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran, and disability-focused Business Resource GroupsAccess to learning content on Degreed and other informational platformsYour ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

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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.