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Business Risk Manager Jobs in Minnesota (NOW HIRING)

Old National Bank

Third Party Risk Lead

Lake Elmo, MN · On-site

$165K/yr

Provide guidance and support to business segments on third-party risk management expectations, requirements, and best practices throughout the third-party lifecycle. * Actively support implementation ...

Old National Bank

Third Party Risk Lead

Lake Elmo, MN · On-site

$165K/yr

Key Accountabilities Third Party Risk Management Provide guidance and support to business segments on thirdparty risk management expectations, requirements, and best practices throughout the ...

Old National Bank

Third Party Risk Lead

Lake Elmo, MN

$165K/yr

Provide guidance and support to business segments on thirdparty risk management expectations, requirements, and best practices throughout the thirdparty lifecycle. * Actively support implementation ...

US Bank

GB&L Compliance Risk Manager

Minneapolis, MN · Hybrid

$111K - $131K/yr

Partners with their assigned Line of Business, other Risk/Compliance/Audit (RCA) professionals, and RCA Managers to, create, implement, and maintain, an effective risk management framework.

U.S. Bank

Fraud Risk Analyst

Minneapolis, MN · On-site

$92K - $109K/yr

Responsible for managing, monitoring and coordinating fraud risk management projects for card ... Bank policies and procedures including the Code of Ethics and Business Conduct and related ...

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All JobsBusiness Risk JobsBusiness Risk Manager JobsBusiness Risk Manager Jobs in Minnesota

Business Risk Manager information

See Minnesota salary details

$29.1K

$105.2K

$173.4K

How much do business risk manager jobs pay per year?

As of Jul 13, 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.

How much does a risk manager get paid?

A business risk manager's average salary in the United States ranges from $80,000 to $130,000 annually, depending on experience, industry, and location. Senior risk managers or those with specialized certifications like FRM or CRM can earn higher salaries, often exceeding $150,000. Compensation also includes benefits such as bonuses and professional development opportunities.

What does a business risk manager do?

A business risk manager identifies, assesses, and mitigates potential risks that could impact an organization's operations, financial health, or reputation. They analyze data, develop risk management strategies, and implement policies to minimize threats, often using tools like risk assessment software and requiring certifications such as CRM or FRM. Their role involves continuous monitoring and communication with stakeholders to ensure business resilience.

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.

Do risk managers make good money?

Risk managers, including business risk managers, typically earn competitive salaries that vary based on experience, industry, and location. According to industry reports, median annual salaries range from $80,000 to over $130,000, with higher earnings possible for those with advanced certifications like CRM or FRM. The role often requires strong analytical skills and knowledge of risk assessment tools.

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.

What is the highest salary for a risk manager?

The highest salary for a business risk manager can exceed $150,000 annually, especially for those with extensive experience, advanced certifications, or leadership roles in large organizations. Senior risk managers or directors in financial services, insurance, or consulting firms tend to earn the highest compensation. Salary levels also depend on geographic location, industry, and the complexity of risk management responsibilities.

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

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.
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 July 2026, with employment types broken down into 82% Full Time, 15% Part Time, and 3% Contract. Highlights an 91% Physical, 2% Hybrid, and 7% Remote job distribution, with an average salary of $105,211 per year, or $50.6 per hour.
Manager of First Line Risk Deposits - Commercial

Manager of First Line Risk Deposits - Commercial

Associated Bank

Minneapolis, MN • On-site

Full-time

Retirement, PTO

Re-posted 2 days ago

Associated Bank rating

8.1

Company rating: 8.1 out of 10

Based on 40 frontline employees who took The Breakroom Quiz

51st of 149 rated banks

Job description

At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you.
Associated Bank requires you to directly represent yourself and your own experiences during the recruiting and hiring process. Associated Bank conducts a thorough background check on all new hires.
The Manager of First Line Risk Deposits is responsible for executing risk and control routines specific to deposit products and services. This role supports the implementation and monitoring of the Risk and Control Self-Assessment (RCSA), issue and complaint management, and deposit-related risk reviews. The manager ensures alignment with regulatory expectations, operational procedures, and internal risk frameworks. This position works with Deposit Operations, Compliance, and Business Risk teams to ensure proper risk mitigation and control execution within the deposit business line.
What you'll do:
  • Coordinate and maintain the Risk and Control Self-Assessment (RCSA) program for deposit products, ensuring accurate documentation of risks and controls.
  • Support the review and resolution of deposit-related issues, customer complaints, and audit/exam findings to improve operational controls.
  • Collaborate with first line leaders and operational teams to execute controls and track control effectiveness within deposit processes.
  • Partner with Compliance and Operational Risk to assess regulatory changes and implement updates to deposit risk procedures as needed.
  • Assist with initiative risk assessments (e.g., product or process changes) to evaluate impact on deposit-related risks and controls.
  • Support risk reporting and documentation related to complaints, losses, KRIs, and control test results for deposit functions.
  • Engage with business line contacts to promote risk awareness and ensure alignment with enterprise risk frameworks.
  • Contribute to internal readiness for audits and regulatory reviews specific to deposit operations.

What you'll bring:
Education
Bachelor's Degree or equivalent combination of education and experience. Business, Finance, Risk Management or related field of study. Required
Experience
6+ years experience in commercial banking, risk/control functions, or deposit operations within a financial institution. Required
We welcome and encourage applications from all qualified parties, including but not limited to people returning to the workforce, people with disabilities, those without a college degree, and veterans or those with military experience.
In addition to core traditional benefits, we take pride in offering benefits for every stage of life.
  • Retirement savings including both 401(k) and Pension plans.
  • Paid time off to volunteer in your community.
  • Opportunities to connect with others through our diversity-focused Colleague Resource Groups.
  • Competitive salaries with professional development and advancement opportunities.
  • Bonus benefits including well-being programs and incentives, parental leave, an employee stock purchase plan, military benefits and much more.
  • Personal banking, loan, investment and insurance benefits.

Associated Bank serves more than 120 communities throughout Wisconsin, Illinois, Minnesota, and Missouri and we consider our colleagues critical to our continued success. See why our colleagues continually vote us a best place to work in the Midwest. Join our community on Facebook, LinkedIn and X.
Compliance Statement
Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.
Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR.
Responsible to report ethical concerns as needed to Associated Bank's anonymous Ethics Hotline.
Associated Bank provides additional assistance throughout the application, interview and hiring process. Please contact leavesandaccommodations@associatedbank.com if you need an accommodation at any time during the process.
Associated Banc-Corp participates in the E-Verify Program. E-Verify Notice English or Spanish. Know Your Right to Work English or Spanish.
Associated Bank is Pay Transparency compliant.
The pay range represents anticipated base pay for this role. Actual pay may vary based on factors including, but not limited to, work location, skills, experience, education, and qualifications for the role.
For certain positions, total compensation may also include incentive, commission, or bonus opportunities not reflected in the posted base pay range.
$98,560.00 - $168,960.00 per year

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