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Associate Risk Manager Jobs in Minnesota (NOW HIRING)

... risk management expectations. Key Competencies for Position People Leadership: * Coach & Empower Others: Provides timely feedback, support, and guidance to encourage and support associates to ...

... risk management expectations. Key Competencies for Position People Leadership: * Coach & Empower Others: Provides timely feedback, support, and guidance to encourage and support associates to ...

... risk management expectations. Key Competencies for Position People Leadership: * Coach & Empower Others: Provides timely feedback, support, and guidance to encourage and support associates to ...

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Associate Risk Manager information

Do risk managers make good money?

Risk managers typically earn a competitive salary that varies based on experience, industry, and location. According to industry data, median annual salaries range from $70,000 to over $120,000, with higher earnings possible for those with advanced certifications like the CRM or FRM. The role often requires strong analytical skills and knowledge of risk assessment tools.

How much does a risk manager get paid?

The average salary for an associate risk manager typically ranges from $60,000 to $100,000 annually, depending on experience, industry, and location. Entry-level positions may start lower, while experienced risk managers with certifications like FRM or CRM can earn higher salaries, often supplemented with bonuses and benefits.

What are the key skills and qualifications needed to thrive as an Associate Risk Manager, and why are they important?

To thrive as an Associate Risk Manager, you need strong analytical abilities, knowledge of risk assessment methodologies, and a bachelor's degree in finance, business, or a related field. Familiarity with risk management software, Microsoft Excel, and relevant certifications such as CRM or FRM are commonly expected. Excellent communication, problem-solving skills, and attention to detail help you collaborate effectively and identify potential risks. These competencies are crucial for identifying, evaluating, and mitigating organizational risks to support informed decision-making and safeguard company assets.

What are some common challenges an Associate Risk Manager faces when collaborating across departments?

Associate Risk Managers often work closely with various departments such as finance, operations, and compliance to identify and mitigate risks. A common challenge is ensuring clear communication and alignment, as different teams may have varying priorities and levels of risk awareness. Successfully navigating these dynamics requires strong interpersonal skills and the ability to translate complex risk concepts into actionable recommendations for non-specialists. Building trust and maintaining open lines of communication are key to fostering effective cross-departmental collaboration.

What is the difference between Associate Risk Manager vs Risk Analyst?

AspectAssociate Risk ManagerRisk Analyst
CredentialsBachelor's degree, certifications like CRM or FRM often preferredBachelor's degree, certifications like CRM or FRM beneficial
Work EnvironmentCollaborates with risk management teams, involved in strategy developmentAnalyzes data, assesses risks, supports risk management decisions
Employer & Industry UsageInsurance, banking, corporate risk departmentsFinancial services, insurance, consulting firms

The Associate Risk Manager and Risk Analyst roles share similar credentials and industry usage, but the Associate Risk Manager typically has more involvement in strategic planning and risk mitigation efforts, whereas the Risk Analyst focuses more on data analysis and risk assessment support.

What does an Associate Risk Manager do?

An Associate Risk Manager is responsible for helping organizations identify, assess, and minimize risks that could impact their operations, finances, or reputation. They work closely with senior risk managers to develop risk management strategies, conduct risk assessments, and implement control measures. Their duties may also include analyzing data, preparing reports, and ensuring compliance with regulatory requirements. This role is often entry-level or early-career, providing foundational experience in risk management practices. Associate Risk Managers play a key role in supporting the overall risk management framework within an organization.

What is the highest salary for a risk manager?

The highest salaries for associate risk managers can reach over $120,000 annually, especially for those with extensive experience, specialized certifications, or working in high-demand industries. Senior risk managers or those in leadership roles can earn significantly higher, often exceeding $150,000 to $200,000 per year.

What is an associate risk manager?

An associate risk manager is an entry-level or junior professional responsible for assisting in identifying, assessing, and mitigating risks within an organization. They often support senior risk managers by analyzing data, preparing reports, and implementing risk management strategies, typically requiring knowledge of risk assessment tools and relevant certifications such as CRM or FRM.
What are the most commonly searched types of Risk Manager jobs in Minnesota? The most popular types of Risk Manager jobs in Minnesota are:
What are popular job titles related to Associate Risk Manager jobs in Minnesota? For Associate Risk Manager jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Associate Risk Manager jobs in Minnesota look for? The top searched job categories for Associate Risk Manager jobs in Minnesota are:
What cities in Minnesota are hiring for Associate Risk Manager jobs? Cities in Minnesota with the most Associate Risk Manager job openings:
Infographic showing various Associate Risk Manager job openings in Minnesota as of July 2026, with employment types broken down into 1% As Needed, 67% Full Time, 30% Part Time, 1% Temporary, and 1% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution.
Third Party Risk Lead

Third Party Risk Lead

Old National Bank

Lake Elmo, MN • On-site

$165K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 16 days ago


Old National Bank rating

8.0

Company rating: 8.0 out of 10

Based on 36 frontline employees who took The Breakroom Quiz

55th of 146 rated banks


Job description

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. 

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance.  401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization.  We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.


The ThirdParty Risk Management (TPRM) Lead is responsible for executing thirdparty risk management activities across a portfolio of vendors, with primary focus on Critical, Very High, and High risk thirdparty relationships, in support of the Bank’s ThirdParty Risk Management policies, standards, and program. This role serves as a subjectmatter expert and escalation point within the TPRM team, ensuring complex risk assessments, issues, and remediation activities are executed in alignment with regulatory expectations and Bank

standards

Salary Range

The salary range for this position is $81,700/yr - $165,100/yr plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location.

Key Accountabilities

Third Party Risk Management

  • Provide guidance and support to business segments on thirdparty risk management expectations, requirements, and best practices throughout the thirdparty lifecycle.
  • Actively support implementation and ongoing execution of the ThirdParty Risk Management (TPRM) Program across the thirdparty relationship portfolio.
  • Conduct formal thirdparty reviews in accordance with TPRM policies, standards, and procedures.
  • Identify, document, track, and report thirdparty risks and issues through remediation, exception or formal risk acceptance.
  • Monitor adherence to corporate standards and expectations throughout the thirdparty review process.
  • Escalate concerns when risks, issues, or remediation efforts are insufficient or delayed.
  • Work crossfunctionally with all lines of business to support a collaborative and effective thirdparty review process.
  • Support management of the centralized thirdparty risk management platform, ensuring accurate, timely, and complete documentation.
  • Maintain thirdparty records, assessment results, issues, and supporting documentation within the system of record.
  • Assist with preparation of management reporting, metrics, and dashboards related to thirdparty risk.
  • Support the review of thirdparty agreements by providing standard contract requirements informed by thirdparty risk assessments.
  • Assist with internal and external audits, regulatory exams, and independent reviews related to thirdparty risk management activities.
  • Mentor and provide knowledgesharing support to other thirdparty risk management team members. 

Other

  • Execute special projects and additional assignments as requested to support ThirdParty Risk Management and Enterprise Risk Management objectives.
  • Contribute to the ongoing development, implementation, and maturation of thirdparty risk management processes, training materials, and support resources.
  • Develop and maintain effective working relationships with stakeholders across the Bank to promote collaboration and consistent application of thirdparty risk management expectations. 

Key Competencies for Position

People Leadership:

  • Coach & Empower Others: Provides timely feedback, support, and guidance to encourage and support associates to accomplish tasks, solve problems, and enhance their professional development.
  • Gaining Agreement: Uses appropriate interpersonal styles and techniques to gain acceptance of ideas or plans; modifies one's own behavior to accommodate tasks, situations and individual's involved.

Culture Leadership:

  • Communication/Climate Setting: Shares information, maintaining emotional intelligence, tailoring the delivery to the audience, selecting appropriate delivery methods.
  • Culture & Values Leadership: Demonstrates Old National's culture in daily interactions and encourages associates to live by our culture and core values.

Execution Leadership:

  • Drive and Execution- Committed to achieving established goals, overcoming obstacles, and continuously learning to improve performance.
  • Establish Plans & Priorities: Ability to determine a course of action and establish a timeframe to complete individual objectives and team goals.
  • Performance/Monitoring/Measurement: Focuses on personal and team performance to achieve goals and line of business objectives.
  • Accountability: Accepts full responsibility for self and contribution as a team member; follows through on commitments; implements decisions that have been agreed upon; acknowledges and learns from mistakes without blaming others; recognizes the impact of his/her behavior on others.

Qualifications and Education Requirements

  • Bachelor’s degree in business, project management, accounting, or related field.
  • 6+ years of experience in thirdparty risk management, operational risk, audit, or related risk disciplines.
  • Demonstrated ability to drive the End-to-End third-party lifecycle. This includes intake/onboarding, due diligence, ongoing monitoring, issue management/remediation and exit planning
  • Preferred certifications: CTPRP, CPA, CIA, CISA
  • Foundational understanding of risk management concepts, including exposure to policies, standards, and procedures.
  • General knowledge of banking operations and technology processes; prior experience in a regulated environment preferred.
  • Familiarity with key thirdparty risk and regulatory requirements (e.g., GLBA, SOX, PCI, HIPAA) and related compliance expectations.
  • Basic understanding of information security, cybersecurity concepts, and technology risks impacting thirdparty relationships.
  • Strong attention to detail with the ability to analyze information, identify issues, and document risks clearly.
  • Ability to manage multiple tasks and priorities in a fastpaced environment while meeting timelines.
  • Effective written and verbal communication skills, including the ability to prepare documentation and support risk reporting.
  • Demonstrated ability to work collaboratively and build productive working relationships across teams.
  • Proficiency in Microsoft Office applications, including Word, Excel, PowerPoint, and Visio.

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles. 

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law. 

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.

Our culture is firmly rooted in our core values.

We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.

We are Old National Bank.  Join our team!



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