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Chief Risk Officer Jobs in Minnesota (NOW HIRING)

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 ...

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 ...

IMEG

Chief Financial Officer

Minneapolis, MN · On-site

Reporting to the CEO and a key partner to the executive team, this leader will guide financial ... Deep knowledge of risk management, internal controls, and financial governance * Demonstrated ...

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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 Jul 10, 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 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.
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Chief Risk Officer jobs near you
VP - Credit Officer

VP - Credit Officer

Platinum Bank

Saint Paul, MN • On-site

$115K - $150K/yr

Full-time

Re-posted 12 days ago

Job description

Job Type
Full-time
Description
POSITION REPORTS TO: SVP, Director of Portfolio Management and Underwriting
OBJECTIVE: The Credit Risk Officer provides analysis and evaluation regarding the credit risk of large and/or complex commercial relationships. This person is responsible for aiding in maintaining an effective credit policy and managing the credit quality of the bank's loan portfolio.
The Credit Risk Officer works with commercial loan officers to structure loans and monitor the risk and profitability of complex relationships on an ongoing basis. Additionally, the Credit Risk Officer is charged with reporting to management on the credit quality of the bank's largest and most complex relationships and makes recommendations regarding risk management these relationships. They rely on experience and judgment to plan and accomplish ambitious goals, and a wide degree of creativity and latitude is expected.
ESSENTIAL DUTIES & RESPONSIBILITIES.
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 minimize the credit risk to the Bank.
  • Is responsible for the market/business analysis, financial analysis (including sensitivity analysis) and structure analysis in the credit report.
  • Works cooperatively with others. Plans and organizes own work, uses time effectively, sets appropriate priorities, and anticipates business needs.

Credit Risk Monitoring
  • Monitors financial covenant defaults or loan deterioration during a review of the customer's financial statement and promptly communicates to the Loan Officer and others as needed.
  • Conducts ongoing monitoring of assigned relationships including assessment of financial statements, covenant calculations, and compliance with loan agreements.
  • Ensures relationships are appropriately risk rated at all times and recommends risk rating changes to the Loan Officer in a timely manner.
  • Ensures file comments are completed on an ongoing basis as needed.
  • Identifies emerging risks and market conditions of the industries included in the Bank's portfolio.

Communication and Credit Risk Management Support
  • Communicates all matters of importance to both internal and external constituents.
  • Provides knowledgeable, well-articulated responses to questions received in credit committee meetings.
  • Monitors current economic trends to make recommended changes in our lending behaviors to the Chief Credit Officer.
  • Advises and communicates credit department policy and procedures to bank personnel.

Client Relationship Management
  • Assists internal partners to ensure proper service to clients.
  • Stays up to date on new types of loans and other financial services and products to better recognize customers' needs.

Requirements
Education and/or Experience:
  • 4-year college degree and/or training; or equivalent combination of education and experience preferred.
  • 10+ years of related commercial credit experience.

Knowledge, Skills & Abilities.
  • Strong organizational skills with attention to detail and accuracy
  • Ability to manage multiple deadlines in a fast-paced environment
  • Analytical mindset and problem-solving ability
  • Clear written and verbal communication skills
  • Professional discretion and respect for confidentiality
  • Collaborative, respectful, and service-oriented approach
  • Proficiency in Microsoft Excel, Word, and Outlook
  • Experience with nCino a plus
  • Experience with Jack Henry, LaserPro, or financial spreading software a plus

PHYSICAL DEMANDS.
While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms; and talk or hear. The employee is occasionally required to stand and walk. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, and depth perception.
WORK ENVIRONMENT.
The working environment is typical for an office and does not require exposure to difficult or hazardous conditions.
This Position Description reflects management's assignment of major responsibilities, which represent the most essential functions. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. They may be subject to change at any time due to reasonable accommodation or other reasons.
Salary Description
$115,000-$150,000 Annually

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