ZipRecruiter

Log In

1

Chief Risk Officer Jobs in Minnesota (NOW HIRING)

Merchants Bank

Compliance Officer

Rosemount, MN · On-site

$80K - $100K/yr

Work with Chief Risk Officer on annual risk assessment completion. * Oversee completion of outsourced MERS audit and work with mortgage team on completion. * Complete following audits as scheduled

Platinum Bank

VP - Credit Officer

Saint Paul, MN · On-site

$115K - $150K/yr

Credit Risk Analysis * Completes independent analysis of the most complex borrowers and new loan requests as determined by the Chief Credit Officer. * Recommends loan structure that serves to ...

Platinum Bank

VP - Credit Officer

Oakdale, MN · On-site

$115K - $150K/yr

Credit Risk Analysis * Completes independent analysis of the most complex borrowers and new loan requests as determined by the Chief Credit Officer. * Recommends loan structure that serves to ...

Platinum Bank

VP - Credit Officer

Saint Paul, MN · On-site

Credit Risk Analysis * Completes independent analysis of the most complex borrowers and new loan requests as determined by the Chief Credit Officer. * Recommends loan structure that serves to ...

Old National Bank

IT Risk Officer, Sr

Lake Elmo, MN · On-site

$199K/yr

Responsibilities Position Summary The IT Risk Officer, Sr - Cybersecurity serves as the primary first-line risk professional for Old National Bank's cybersecurity and information security operational ...

PLATINUM BANK

VP - Credit Officer

Saint Paul, MN · On-site

$115K - $150K/yr

Credit Risk Analysis * Completes independent analysis of the most complex borrowers and new loan requests as determined by the Chief Credit Officer. * Recommends loan structure that serves to ...

RSM

$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 ...

Nystrom

Chief Financial Officer

Minneapolis, MN · On-site

$180 - $260/hr

Position Overview The Chief Financial Officer (CFO) is a key member of the executive leadership team, responsible for leading the financial strategy, operations, and risk management of a ...

next page

Showing results 1-20

All JobsChief Risk Officer JobsChief Risk Officer Jobs in Minnesota

Chief Risk Officer information

See Minnesota salary details

$97K

$187.8K

$376.1K

How much do chief risk officer jobs pay per year?

As of Aug 5, 2026, the average yearly pay for 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 is a chief risk officer?

A chief risk officer (CRO) oversees financial risks for a business or other organization. As a CRO, your job duties involve identifying business risks, developing risk management policies, and performing risk assessments of new projects. You usually collaborate with all departments in your organization, as well as stakeholders and board members, to determine suitable levels of financial risk. It is essential to monitor company policies to ensure that all projects meet industry standards and government regulations. Chief risk officers may also be in charge of internal auditing, IT security, and insurance needs.

What is the difference between Chief Risk Officer vs Risk Manager?

AspectChief Risk OfficerRisk Manager
CredentialsTypically requires advanced degrees (MBA, Master’s in Risk Management) and professional certifications (FRM, CRM)Often holds a bachelor’s degree; certifications like CRM or FRM are common but not always required
Work EnvironmentExecutive-level, strategic planning, overseeing entire risk management frameworkOperational role, implementing risk policies, analyzing specific risks
Industry UsageUsed across finance, insurance, corporate sectors at the executive levelFound in various industries, focusing on day-to-day risk assessment and mitigation

The Chief Risk Officer (CRO) is a senior executive responsible for the overall risk management strategy of an organization, requiring advanced credentials and strategic oversight. In contrast, a Risk Manager handles specific risk assessments and mitigation activities, often with less seniority and fewer certifications. Both roles are vital but differ in scope, responsibilities, and level of seniority.

What is a chief risk officer?

A Chief Risk Officer (CRO) is a senior executive responsible for identifying, assessing, and mitigating risks that could impact an organization’s operations or objectives. The CRO oversees risk management strategies, ensures compliance with regulatory requirements, and works closely with other executives to develop policies that protect the company from financial, operational, and reputational harm. This role is especially important in industries such as finance, insurance, and healthcare, where risk management is critical to organizational success.

What are some common challenges a chief risk officer faces in aligning risk management strategies across different departments?

A Chief Risk Officer (CRO) often encounters challenges in ensuring that risk management policies are consistently implemented across departments with varying objectives and risk appetites. Communication gaps, differing priorities, and varying levels of risk awareness can make it difficult to create a unified risk culture. CROs must work closely with department heads to tailor risk strategies that align with business goals while maintaining compliance and minimizing exposure. Building strong relationships and fostering ongoing education are key to overcoming these challenges and promoting effective enterprise-wide risk management.

What does a chief risk officer make?

A Chief Risk Officer (CRO) typically earns a salary ranging from $150,000 to over $300,000 annually, depending on the industry, company size, and location. They often receive bonuses, stock options, and other benefits, reflecting their senior management role responsible for identifying and managing organizational risks.

What are the key skills and qualifications needed to thrive as a chief risk officer, and why are they important?

To thrive as a Chief Risk Officer, you need deep expertise in risk management, financial analysis, regulatory compliance, and typically an advanced degree in finance, law, or business. Familiarity with risk assessment software, governance frameworks (such as COSO or ISO 31000), and relevant certifications like FRM or CRM is highly valued. Strategic thinking, leadership, and strong communication skills enable effective collaboration across executive teams and clear risk reporting. These capabilities are vital for identifying threats, safeguarding organizational assets, and ensuring sound decision-making in a complex regulatory environment.
More about Chief Risk Officer jobs
What are popular job titles related to Chief Risk Officer jobs in Minnesota? For Chief Risk Officer jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Chief Risk Officer jobs in Minnesota look for? The top searched job categories for Chief Risk Officer jobs in Minnesota are:
What cities in Minnesota are hiring for Chief Risk Officer jobs? Cities in Minnesota with the most Chief Risk Officer job openings:
What are popular job titles related to Chief Risk Officer jobs in MN? For Chief Risk Officer jobs in MN, the most frequently searched job titles are:
Chief Risk Officer jobs near you
Infographic showing various Chief Risk Officer job openings in Minnesota as of July 2026, with employment types broken down into 1% As Needed, 90% Full Time, 8% Part Time, and 1% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $187,815 per year, or $90.3 per hour.

Compliance Officer

Merchants Bank

Rosemount, MN • On-site

$80K - $100K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 26 days ago

Job description

Merchants Bank has an opening for a Compliance Officer. This on-site position can work from any of our Merchants Bank branch locations in Minnesota or Wisconsin.
This position will provide leadership for the Compliance function by conducting research, working with a variety of systems, and with team members. Will supervise the Compliance Specialist. Duties include working with compliance audits (internal and external), sending out requests, gathering information, reviewing reports and findings, and training employees. This role will serve as the company CRA Officer, work on annual risk assessment, and oversee the outsourced MERS audit. Will stay current on compliance and audit information as well as new laws and regulations. Some travel required.
A Bachelor's degree in Business, Finance, Accounting, Economics, Risk Management or related field required. Certified Regulatory Compliance Manager (CRCM) designation preferred. Requires a minimum of 5 years of experience in banking compliance.
Merchants Bank offers competitive wages and benefits for our full-time employees including health, dental, life, disability and vision insurance; flexible spending accounts, 401(k) and ESOP retirement plans; bonus plan; paid time off; tuition reimbursement; and a variety of voluntary supplemental insurance options.
Please click on Apply Now or apply in person at any Merchants Bank location. Questions can be emailed to hr@merchantsbank.com. Merchants Bank is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.
General Summary:
Work is performed under general supervision according to established policies and procedures. Provide leadership of Compliance functions as needed. A variety of duties are related to this job including research, working with different software and hardware systems and team members. This position requires a well-organized and motivated individual with the ability to initiate projects and follow through as needed. Must be willing and able to work with limited supervision. Must be willing and able to provide leadership in the compliance area and deal with different types of people.
Primary Responsibilities and Duties:
  • Provide supervision and leadership for Compliance Specialist to ensure growth of the personnel and meeting all expectations of the Companies Compliance Program.
  • Responsible for relationship and working through all Compliance Audits, including external, as well as exams. Includes sending out request lists, gathering and indexing all required documents, working with our external Auditors/Examiners during the audit, reviewing draft report and working with employees for responses, actions, review final report, train employees as needed on findings and track completion of actions.
  • Fair Lending audit review the RATA reports and complete research to determine we have no fair lending issues.
  • Will be the company CRA Officer. Responsible for CRA communication, preparation, review and exams. Work with Compliance Specialist to maintain public file, volunteer hours, donations, investments, maps, community development loans, etc. Complete quarterly CRA review.
  • Work with Chief Risk Officer on annual risk assessment completion.
  • Oversee completion of outsourced MERS audit and work with mortgage team on completion.
  • Complete following audits as scheduled
  • Complete annual progress report.
  • Provide necessary research for laws and regulations.
  • Assist with training staff on different laws, regulations and procedures.
  • Stay current on compliance and audit issues as they pertain to banking via

training and self-education.
  • Run Compliance Officer meetings and attend strategic alignment meetings and present as needed.
  • Review marketing materials for compliance.
  • Answer compliance questions of employees.
  • Regular and dependable attendance is an essential function for this job.
  • Employee will be expected to contribute to a positive working environment through words and actions.
  • Employee will be expected to greet internal and external customers in a friendly and outgoing manner.
  • Employee will be expected to complete compliance and product knowledge assignments in a timely manner.

Skill Requirements:
  • Bachelor's degree in Business, Finance, Accounting, Economics, Risk Management or related field required.
  • Certified Regulatory Compliance Manager (CRCM) designation preferred.
  • CAMS, CFE, CIA, or other relevant certifications are desirable.
  • Minimum of five years of progressive responsible banking compliance experience.
  • Demonstrated knowledge of federal consumer protection regulations, and compliance risk management practices.
  • Experience interacting with federal and state regulatory agencies preferred.
  • Must be willing to be flexible and adaptable.
  • Must be prepared to learn new regulations and laws.

Working Conditions:
Inside working environment, very low noise level. May include travel to affiliate operations as required. Work is performed primarily sitting at a desk. Requires a high degree of finger dexterity, very good finger-eye coordination.
Relationships:
Responsible to the Chief Risk Officer for clarification of position responsibilities. authority, and for proper interpretation.
Will have limited person-to-person and phone contact with customers and public, however, may at times have extensive staff contact. Some travel is required. Must have ability to work in a team environment and have personal manner to enhance overall professional image of the organization.

Apply