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Business Risk Manager Jobs in Minnesota (NOW HIRING)

Titus Talent Strategies

Risk Manager

Minneapolis, MN · On-site

This role develops and implements risk management strategies, oversees insurance compliance and claims administration, and provides guidance to project teams, leadership, and business partners on ...

RJM CONSTRUCTION LLC

Risk Manager

Golden Valley, MN

This role develops and implements risk management strategies, oversees insurance compliance and claims administration, and provides guidance to project teams, leadership, and business partners on ...

Beacon Mobility

Risk Manager

Maple Grove, MN · On-site

$150K/yr

... and Risk Management programs as an opportunity for long-term enterprise value. The successful ... Beacon Mobility requires that none of its employees are excluded from doing business with the ...

US Bank

Credit Risk Analyst

Hopkins, MN · Hybrid

The Business Risk Professional will partner with their assigned Line of Business, other Business Risk Professionals, and Business Risk Managers to, depending on their function, create, implement ...

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Business Risk Manager information

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$29.1K

$105.2K

$173.4K

How much do business risk manager jobs pay per year?

As of Aug 24, 2026, the average yearly pay for business risk manager in Minnesota is $105,211.00, according to ZipRecruiter salary data. Most workers in this role earn between $84,045.00 and $121,452.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a business risk manager?

To thrive as a Business Risk Manager, you need strong analytical skills, risk assessment expertise, and a background in finance, business, or a related field, often backed by a bachelor's degree or higher. Familiarity with risk management frameworks, regulatory compliance systems, and certifications like FRM (Financial Risk Manager) or CRM (Certified Risk Manager) is typically required. Exceptional communication, problem-solving, and stakeholder management skills help you effectively identify, mitigate, and communicate risks across an organization. These competencies are crucial for proactively managing threats, ensuring regulatory compliance, and supporting the long-term stability and success of the business.

How does a business risk manager typically collaborate with other departments to address organizational risks?

As a Business Risk Manager, cross-functional collaboration is a key part of the role. You’ll regularly work with departments such as finance, compliance, operations, and IT to identify potential risks, assess their impact, and develop mitigation strategies. This often involves facilitating risk assessment workshops, sharing reports, and ensuring that risk controls are integrated into business processes. Effective communication and relationship-building skills are essential, as you’ll act as a bridge between senior management and operational teams to align risk management efforts with organizational goals.

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

AspectBusiness Risk ManagerRisk Analyst
CredentialsCertifications like CRM, FRM, or CRC; bachelor's degree in business, finance, or related fieldCertifications such as FRM or CRM; bachelor's degree in finance, economics, or related field
Work EnvironmentStrategic planning, risk assessment, and policy development in corporate settingsData analysis, risk modeling, and reporting in finance or insurance firms
Employer & IndustryCorporations, financial institutions, insurance companiesFinancial services, consulting firms, insurance companies

The Business Risk Manager focuses on developing risk strategies and policies at a strategic level, while the Risk Analyst primarily conducts data analysis and risk assessments. Both roles require similar certifications and often work within the same industries, but their responsibilities differ in scope and focus.

Do business risk managers make good money?

Business risk managers typically earn a competitive salary that varies based on experience, industry, and location. According to industry data, median annual salaries range from $80,000 to over $120,000, with higher earnings possible for those with advanced certifications or in senior roles. The profession often requires strong analytical skills and knowledge of risk assessment tools.

How much do business risk managers make?

Business risk managers typically earn a median annual salary of around $100,000, with salaries ranging from approximately $70,000 to over $140,000 depending on experience, industry, and location. Advanced certifications and strong analytical skills can lead to higher compensation in this role.

What does a business risk manager do?

A business risk manager identifies, assesses, and develops strategies to mitigate potential risks that could impact an organization's operations, financial health, or reputation. They analyze data, implement risk management frameworks, and work with various departments to ensure compliance and resilience. Strong analytical skills and knowledge of industry regulations are essential for this role.

What are popular job titles related to Business Risk Manager jobs in Minnesota?

For Business Risk Manager jobs in Minnesota, the most frequently searched job titles are:

What job categories do people searching Business Risk Manager jobs in Minnesota look for?

The top searched job categories for Business Risk Manager jobs in Minnesota are:

What cities in Minnesota are hiring for Business Risk Manager jobs?

Cities in Minnesota with the most Business Risk Manager job openings:

Business Risk Manager jobs near you
Infographic showing various Business Risk Manager job openings in Minnesota as of August 2026, with employment types broken down into 82% Full Time, 14% Part Time, 3% Contract, and 1% Nights. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution, with an average salary of $105,211 per year, or $50.6 per hour.

Business Risk Analyst

Saint Louis Park, MN • On-site

Old National Bank

8.2

Company rating: 8.2 out of 10

Based on 39 frontline employees who took The Breakroom Quiz

51st of 172 rated banks

People enjoy working here

Good employer

Recommended by parents

Learn more about Old National Bankexternal

$44K - $84K/yr

Full-time

Medical, Dental, Vision, Retirement

Re-posted 24 days ago

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.


We are currently seeking a first-line Business Risk Analyst to join our Business Risk Office. The ideal candidate for the Business Risk Analyst role will have an understanding of processes in Treasury Management, Payments, Commercial and Consumer Lending, Fulfillment, Operations and Servicing, Talent, as well as first, second or third line of defense risk management, process and control evaluation, design, and implementation. 

The selected candidate will have the opportunity to support the Business Risk Manager in building risk and control activities in the first line of defense for the Consumer, Commercial and Shared Services space. This role will support Business Risk Officers who implement risk frameworks, serve as the first line of defense governance and control partners and should be skilled at collaboration. This supporting role will assist the BROs as they serve in advisory capacity in the design and implementation of action plans, control enhancements, and process design. 

Salary Range

The salary range for this position is $44,700.00/yr - $84,500.00/yr. 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 

Support the Business Risk Office Team in initiatives including but not limited to: 

  • Support Risk and Control Programs across the segment, assisting Business Risk Officers (BROs) in the design and implementation of action plans, control enhancements and process design for business units. 
  • Support in the preparation of training schedules and materials for Heightened Standards Framework implementation. 
  • Management of Operational Losses under $10k including appropriate reclassification 
  • Issues Management reporting, including generation of reports and maintaining accuracy and alignment of stakeholders; management and reporting of Self-Identified issues. 
  • Continuous Improvement and Best Practices – proactively identify opportunities to streamline workflows, reduce operational risk and enhance control effectiveness across functional areas  

Qualifications and Education Requirements 

  • Bachelor’s in Operations Management, Risk Management, Finance or a related field. 
  • Minimum of 1 -2 years’ experience in Banking or Financial Services risk management, audit, compliance, or operations. 
  • Excellent communication, task-oriented, organization, technical and interpersonal skills.  
  • Ability to work across cultural and geographic boundaries, adapting strategies to suit diverse markets.  
  • Strategic and analytical thinker with a problem-solving mindset.  
  • Strong organizational and project management skills.  
  • Innovative, forward-thinking, and adaptable to change.  
  • Comfortable in a fast-paced, evolving environment.  

Key Measures of Success/Key Deliverables: 

  • Timely completion of assigned projects and tasks 
  • Reduction in residual risk in assigned segment 

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