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Bank Chief Risk Officer Jobs in Minnesota (NOW HIRING)

$84K - $103K/yr

We frequently work as or alongside a client's internal audit function, the chief risk officer or risk function, and various other members of management tasked with managing risk. Our advisors help ...

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Bank Chief Risk Officer information

See Minnesota salary details

$97K

$187.8K

$376.1K

How much do bank chief risk officer jobs pay per year?

As of Aug 20, 2026, the average yearly pay for bank chief risk officer in Minnesota is $187,815.00, according to ZipRecruiter salary data. Most workers in this role earn between $165,000.00 and $186,600.00 per year, depending on experience, location, and employer.

What does a Bank Chief Risk Officer do?

A Bank Chief Risk Officer (CRO) is responsible for identifying, assessing, and mitigating risks that could impact a bank's financial stability and regulatory compliance. They develop risk management strategies, oversee risk assessment frameworks, and ensure the bank adheres to legal and regulatory requirements. The CRO works closely with executives and board members to establish risk policies and monitor emerging threats. Their role is crucial in safeguarding the bank against financial, operational, and reputational risks.

What are the typical challenges faced by a Bank Chief Risk Officer?

A Bank Chief Risk Officer regularly faces challenges such as balancing regulatory compliance with business growth, keeping up with evolving financial risks, and navigating complex global regulations. The role often involves making critical decisions rapidly in high-pressure situations and ensuring alignment of risk management practices across multiple departments. Additionally, CROs are tasked with fostering a strong risk culture within the organization and communicating effectively with both executives and regulators. Overcoming these challenges requires a mix of technical expertise, strong leadership, and effective cross-functional collaboration.

What are the key skills and qualifications needed to thrive in the Bank Chief Risk Officer position, and why are they important?

To thrive as a Bank Chief Risk Officer, you need an in-depth understanding of risk management, banking regulations, financial analysis, and typically a degree in finance or a related field, often supplemented by years of industry experience. Familiarity with risk assessment tools, regulatory compliance systems, and professional certifications such as FRM (Financial Risk Manager) or CFA is highly desirable. Exceptional leadership, strategic thinking, and the ability to communicate complex information clearly are key soft skills for this role. These competencies enable the effective identification, mitigation, and communication of risks, which are critical to protecting the bank’s assets and reputation.

What are popular job titles related to Bank Chief Risk Officer jobs in Minnesota?

For Bank Chief Risk Officer jobs in Minnesota, the most frequently searched job titles are:

What cities in Minnesota are hiring for Bank Chief Risk Officer jobs?

Cities in Minnesota with the most Bank Chief Risk Officer job openings:

Infographic showing various Bank Chief Risk Officer job openings in Minnesota as of August 2026, with employment types broken down into 84% Full Time, and 16% Part Time. Highlights an 82% In-person, 9% Hybrid, and 9% Remote job distribution, with an average salary of $187,815 per year, or $90.3 per hour.

Chief Financial Officer (CFO)

University of Northwestern - St. Paul

Saint Paul, MN • On-site

$160 - $175/hr

Other

Re-posted 6 days ago


Job description

Title: Chief Financial Officer

VP Area: VP - CFO

Department: VP - CFO

Position Compensation: $160,000 - $175,000

Location: University Campus - St. Paul, Minnesota

Who We Are: Northwestern is a faith-driven community, unwavering in our Christ-centered principles and identity as those who profess faith in Jesus. Rooted in the unshakable foundation of God’s Word and our calling to impact His world, our mission and vision flow from these core values, expressed through Christ-centered higher education at the University of Northwestern – St. Paul and through gospel outreach and faithfulness with Northwestern Media.

Position Summary: The Chief Financial Officer (CFO) is a strategic, executive leader responsible for safeguarding and propelling both the mission and financial future of Northwestern. The CFO reports directly to the President/CEO and serves as a member on the President’s Cabinet. Partnering with executive leadership and the Board of Trustees, this position shapes bold financial strategies, ensures integrity and compliance, and provides insight that drives decision-making, risk management and long-term growth. In this role, the CFO also exercises a high standard of fiduciary responsibility, acting in the best interest of the organization and its stakeholders to protect its assets and uphold its mission.

Key Responsibilities:
  • Strategic Leadership:
    • Serve as the chief financial adviser to the President, Cabinet, and Board of Trustees, offering insight into budgeting, forecasting, investment, risk management, and fiscal policy.
    • Lead the development of multi-year financial strategies aligned with Northwestern’s mission and strategic goals.
    • Foster a culture of financial stewardship, integrity, and excellence across all operations.
    • Drive the financial evaluation of potential mergers and acquisitions, ensuring strategic alignment with the company's mission, values, and long-term objectives.
    • Provide financial leadership for Northwestern by guiding resource allocation to advance the mission while ensuring long-term sustainability. In partnership with the President, lead the development of multi-year financial strategy, aligning budgets, capital allocation, and risk management with organizational priorities, and evaluate the financial feasibility of new programs, expansions, and investments in alignment with mission and strategic goals.
    • Act as Treasurer of the Corporation and liaison to the Board’s Finance and Investment Committee.
  • Financial Oversight:
    • Direct all accounting, budgeting, and financial reporting functions, exercising a high standard of fiduciary responsibility to ensure compliance with GAAP and all federal/state regulations.
    • Oversee the preparation and execution of audits and ensure robust internal controls and financial policies are in place.
    • Lead the annual budgeting process and monitor adherence to established financial parameters.
    • Produce accurate and timely financial reports, forecasts, and scenario models to inform strategic decisions.
    • Oversee the development of integration strategies that ensure the seamless incorporation of acquired entities into the existing business model and culture, fostering continuity with the company's mission.
  • Investment & Risk Management:
    • Collaborate with the Investment Committee to manage cash flow, endowment, and long-term financial assets.
    • Oversee risk management strategies, insurance programs, and contractual negotiations, including leases and property transactions.
  • Organizational Representation & Culture:
    • Develop and maintain healthy internal and external relationships. Represent Northwestern in financial matters with external stakeholders such as auditors, financial institutions, consultants, and donors. When appropriate, educate and inform internal constituencies in financial literacy and best practices.
    • Promote a high-performance, collaborative work environment that values continuous improvement, professional development and employee well-being.
    • Actively model and integrate Christian faith and a ministry mindset with financial leadership.
  • Leadership & Team Management:
    • Supervise and mentor a team of direct reports, as assigned.
    • Cultivate a culture of collaboration, accountability, and Christ-centered leadership.
  • Perform other duties as assigned.

Because our community is a significant part of our mission and the development of our students, all employees act as a minister of the gospel of Jesus Christ by actively partnering with the University to disciple students in growing intellectually and spiritually, and with Northwestern Media to lead people to Christ and nurture believers to mature in their faith.

Qualifications:
  • Required:
    • Bachelor’s degree in accounting, finance, or related field
    • Minimum of 10 years of progressive financial leadership
    • Proven expertise in strategic planning, budgeting, financial analysis, and capital planning
    • Demonstrated success in managing organizational change and leading and mentoring high-performing teams
    • Maintain a growing, personal relationship with Jesus Christ, reflect His character in all interactions, and faithfully uphold and embrace Northwestern’s mission, Doctrinal Statement and Declaration of Christian Community
  • Nice to Have:
    • CPA or MBA
    • Experience in higher education
Key Skills:
  • Stakeholder Engagement: Develop and maintain healthy internal and external relationships. Capable of working both independently and collaboratively.
  • Confidentiality: Maintains discretion and handles sensitive information appropriately.
  • Organizational Skills: Strong time management and problem-solving abilities; able to prioritize and meet deadlines with attention to detail.
  • Technical Proficiency: Intermediate to advanced computer skills, including Microsoft Office and related software.
  • Written & Verbal Communication: Strong writing, editing, proofreading, and verbal communication skills. Ability to communicate complex financial concepts clearly to diverse, non-financial audiences.
  • Flexibility: Willingness to work occasional evenings and weekends as needed as well as necessary travel
  • Financial Oversight: Knowledge of business regulations, financial compliance, and best practices. Experience managing budgets and financial resources within assigned responsibilities.
  • Driver’s License: Valid driver's license and access to reliable transportation.
  • Background Check: Must pass initial and ongoing background checks as a condition of employment.
Work Environment:

The work environment involves working for a suburban, Christian university or Christian owned and operated radio station alongside those with a demonstrated commitment and personal relationship with Jesus Christ, a commitment to the mission and values of Northwestern, and an agreement to abide by all Northwestern policies.

All applicants must be authorized to work for any employer in the United States as we are unable to sponsor or take over sponsorship of an employment visa.

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