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Chief Risk Officer Jobs in Minneapolis, MN (NOW HIRING)

Allianz

Deputy Risk Officer

Minneapolis, MN · On-site

$145K - $155K/yr

Provide risk advisory support to the business and support to the Chief Risk Officer. Provide operational and strategic direction to the Risk Management department. #LI-DNI Position requires a ...

US Bank

Balance Sheet Risk Analyst

Minneapolis, MN · On-site

$66K - $78K/yr

The role will reside within the Financial Risk Management's Balance Sheet Risk Management (BSRM) team, serving as a second line of defense under the Chief Risk Officer. Liquidity Risk Oversight ...

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 ...

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Chief Risk Officer information

See Minneapolis, MN salary details

$103.3K

$200.2K

$400.8K

How much do chief risk officer jobs pay per year?

As of Aug 25, 2026, the average yearly pay for chief risk officer in Minneapolis, MN is $200,177.00, according to ZipRecruiter salary data. Most workers in this role earn between $175,900.00 and $198,900.00 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 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.

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.

How much do chief risk officers get paid?

Chief Risk Officers typically earn a median annual salary between $150,000 and $250,000, with total compensation often including bonuses and stock options. Salaries vary based on industry, company size, location, and experience, and the role requires strong analytical skills and risk management expertise.

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 size of the organization, industry, and experience level. Compensation may also include bonuses, stock options, and other benefits, especially in large corporations or financial institutions.
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The top searched job categories for Chief Risk Officer jobs in Minneapolis, MN are:

What cities near Minneapolis, MN are hiring for Chief Risk Officer jobs?

Cities near Minneapolis, MN with the most Chief Risk Officer job openings:

Chief Risk Officer jobs near you
Infographic showing various Chief Risk Officer job openings in Minneapolis, MN as of August 2026, with employment types broken down into 92% Full Time, 7% Part Time, and 1% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $200,177 per year, or $96.2 per hour.

Deputy Risk Officer

Allianz

Minneapolis, MN • On-site

$145K - $155K/yr

Part-time

Posted 12 days ago

Allianz rating

9.3

Company rating: 9.3 out of 10

Based on 9 frontline employees who took The Breakroom Quiz

17th of 311 rated insurance

Job description

Allianz Technology of America, Inc. seeks a Deputy Risk Officer to lead the implementation and regular performance of the annual risk management lifecycle. Responsible for the development and preparation of the quarterly risk committee material, including working with safeguarding and business teams across the organization for input and updates. Oversee and manage the risk catalogue for the organization, including working with business owners for regular updates, mitigation action planning, and reporting to the Risk Committee. Support the development of Key Risk Indicators for key areas of the business, including safeguarding and IT teams, and reporting to management of risk indicators and trends. Provide risk advisory support to the business and support to the Chief Risk Officer. Provide operational and strategic direction to the Risk Management department. #LI-DNI
Position requires a Bachelor's degree in Management, Business Administration, or related, and 3 years of experience with implementing risk management programs in a consulting or in-house setting. Experience must include a minimum of: 3 years of experience utilizing input from risk sources to prepare communications for senior leadership; 3 years of experience with determining ideal risk sources, preparing communication, and presenting directly to senior leadership on recommendations; 3 years of experience with Microsoft Office Tools, including Excel, PowerPoint, Word, Outlook, and Teams; 3 years of experience working within a formalized Risk Management framework; 3 years of experience with leading project teams; and 2 years of experience with ServiceNow. Part-time telecommuting may be permitted.
Job location: Minneapolis, MN. Rate of Pay: $145,567.00 - $155,567.00 per year. To apply, please visit https://careers.allianz.com/global/en and search by job title or enter Job ID number:104440 . Alternatively, please send your resume, cover letter, and a copy of the ad to: K. Emter, Allianz Technology of America, Inc., 5701 Golden Hills Drive, Minneapolis, MN 55416.
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