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Assistant Vice President Risk Management Jobs in Minnesota

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Assistant Vice President Risk Management information

What does an assistant vice president risk management do?

An Assistant Vice President of Risk Management is responsible for identifying, assessing, and mitigating risks that could impact an organization's operations, finances, or reputation. They work closely with senior management to develop risk management strategies, ensure compliance with regulations, and implement policies to prevent losses. Their role often involves analyzing data, overseeing risk assessments, and leading teams to address potential threats. Additionally, they play a key part in crisis management and in training staff on risk awareness throughout the organization.

What are the key skills and qualifications needed to thrive as an assistant vice president risk management?

To thrive as an Assistant Vice President in Risk Management, you need a strong background in risk analysis, financial modeling, and regulatory compliance, often supported by a degree in finance, business, or a related field. Familiarity with risk management software (such as SAS, RiskWatch, or Palisade), knowledge of relevant frameworks (like COSO or Basel), and certifications such as FRM or PRM are typically required. Exceptional analytical thinking, leadership, and communication skills help you effectively identify risks and guide cross-functional teams. These competencies are crucial for developing robust risk strategies that protect the organization's assets and reputation in a complex regulatory environment.

What are some common challenges an assistant vice president risk management faces when balancing regulatory compliance with strategic business objectives?

Assistant Vice Presidents of Risk Management often encounter the challenge of ensuring the organization remains compliant with evolving regulations while still supporting strategic business initiatives. Balancing risk mitigation with the company's growth objectives requires close collaboration with legal, finance, and operational teams. Navigating conflicting priorities, maintaining up-to-date knowledge of industry standards, and effectively communicating risks to senior leadership are key aspects of the role. Successful AVPs leverage analytical skills and teamwork to implement practical solutions that align compliance and business strategy.

What is the difference between Assistant Vice President Risk Management vs Risk Analyst?

AspectAssistant Vice President Risk ManagementRisk Analyst
Required CredentialsBachelor's degree, professional certifications (e.g., FRM, CRM), extensive experienceBachelor's or master's degree, often entry-level or mid-level experience
Work EnvironmentSenior management, strategic planning, cross-department collaborationData analysis, risk assessment, reporting
Employer & Industry UsageFinancial institutions, insurance companies, large corporationsFinancial services, insurance, consulting firms

The Assistant Vice President Risk Management typically holds a senior role focused on strategic risk oversight, requiring advanced credentials and experience. In contrast, a Risk Analyst is more involved in data analysis and risk assessment at an operational level. Both roles are essential in risk management but differ in scope, responsibilities, and seniority.

What cities in Minnesota are hiring for Assistant Vice President Risk Management jobs?

Cities in Minnesota with the most Assistant Vice President Risk Management job openings:

Assistant Vice President Risk Management jobs near you
Infographic showing various Assistant Vice President Risk Management job openings in Minnesota as of August 2026, with employment types broken down into 1% As Needed, 86% Full Time, 11% Part Time, and 2% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution.

VP - Risk Management & Compliance

Minneapolis, MN • Hybrid

Hennepin Healthcare
Health Care and Social Assistance • 5 - 10K employees
Learn more about Hennepin Healthcareexternal

$131K - $176K/yr

Full-time

Re-posted 4 days ago

Hennepin Healthcare rating

7.4

Company rating: 7.4 out of 10

Based on 44 frontline employees who took The Breakroom Quiz

Job description

JOB DETAILS
Department: Compliance
FTE: 1.0
Shift(s): Days
Location: Hybrid (will require on-site visits) 

Purpose of this position: Reporting to the Chief Executive Officer and the HHS Board of Directors, develops enterprise risk management, and oversees compliance, privacy & security, regulatory reviews and analysis, patient representatives, and internal audit programs.

RESPONSIBILITIES

  • Provide strategic direction to Hennepin Healthcare on compliance and risk management strategies and issues through development of Enterprise Risk Management, and oversight of Corporate Compliance, Privacy & Security, Regulatory Review & Analysis, Patient Representatives, and Internal Audit Programs
  • Work diligently to foster a culture and climate of integrity by promoting sensitivity to ethical and compliant decision-making and behavior
  • Effectively communicate ethics and compliance standards to HHS's employees, contractors and vendors
  • Partner with business leaders to support all employees and board regarding compliance with laws, regulations and corporate policies through strategic development, training initiatives, communications/awareness and conformance with regulations in all matters of business
  • Serve on enterprise and operational level project teams
  • Advise the Board, Executive Leadership and employees on ethics and business conduct issues
  • Demonstrate knowledge of applicable laws and regulations including research and interpreting of emerging regulatory matters
  • Coordinate internal investigations or alleged violations of ethics and compliance standards
  • Review all internal compliance and investigation reports pertaining to HHS
  • Establish employee reporting channels and take prompt corrective actions in response to identified concerns or problems
  • Maintains Internal Audit Program, including assessing risks to determine audit planning, initiating audits, reviewing findings, and coordinating management responses
  • Operates the patient representative dept responsible for ensuring procedural compliance and handling patient complaints/reviews through resolution
  • Coordinate and support corporate monitoring and auditing procedures of business conduct practices including audit reviews and examinations
  • Work with legal counsel and outside consultants in conducting more detailed investigations when identified
  • Responsible for preparing and presenting clear and concise reporting on Enterprise Risk Management, Corporate Compliance, Privacy & Security, Regulatory Review & Analysis and Internal Audit Programs to the Audit/Compliance Committee of the Board of Directors and Executive Leadership regarding risks, requirements, ethics and compliance issues or activities
  • Participate in the fiscal year-end audit process of the financial statements of HHS and its subsidiaries conducted by external independent financial auditors
  • Oversee and ensure full second line of defense across Hennepin Healthcare System to comply with data privacy, including HIPPA and Minnesota Government Data Practices Act
  • Oversee and ensure responsiveness to regulators and legislators through the Regulatory Review and Audit compliance work to maintain compliance with state and federal regulatory requirements

QUALIFICATIONS

Minimum Qualifications:

  • 5 years of experience in compliance and audit in a complex medical center or related setting (i.e. law office, public accounting)
    -OR-
  • An approved equivalent combination of education and experience

Preferred Qualifications:

  • Juris Doctor Degree
  • Leadership experience in a healthcare setting highly preferred
  • CPA or CIA certification and/or Compliance Certification preferred

Knowledge/ Skills/ Abilities:

  • Knowledge of current health care systems and ability to align organizational goals and outcomes in accordance with them
  • Ability to drive change in alignment with the mission, vision, and values of organization
  • Ability to quickly and easily adapt to the culture and norms of an organization and be accountable for organizational information
  • Experience leading and collaborating with multiple levels of management
  • Ability to positively and accurately represent the organization and its values to the community (i.e. regulatory bodies, suppliers, government officials)
  • Has proven to have dynamic and empowering leadership skills and possesses a positive attitude that will install a vision for excellence
  • Passion for patient care and ability to use passion as a driver for positive change
  • Demonstrate ability to forecast healthcare trends and appropriately implement projections
  • Strategy minded; able to focus on the big picture

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