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Commercial Risk Management Jobs in Minnesota (NOW HIRING)

Champion quality, health, safety, environmental, and regulatory compliance while managing commercial and operational risk. * Represent the business at an executive level with customers and internal ...

Business Risk Officer, Sr

Lake Elmo, MN · On-site

$81K - $165K/yr

... Consumer, Commercial and Shared Services (CCSS) Business Risk Team as the Community Banking ... The ideal candidate will bring deep expertise across Treasury Management, Payments, Lending ...

Business Risk Officer, Sr

Lake Elmo, MN · On-site

$81K - $165K/yr

We are seeking an experienced first-line risk leader to join our Consumer, Commercial and Shared ... The ideal candidate will bring deep expertise across Treasury Management, Payments, Lending ...

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Commercial Risk Management information

What does a commercial risk manager do?

A commercial risk manager identifies, assesses, and mitigates risks that could impact a company's financial performance or operations. They analyze market trends, develop risk management strategies, and work with stakeholders to minimize potential losses, often using tools like risk assessment software and requiring strong analytical skills. Their role helps ensure business stability and profitability.

How much do commercial risk advisors make?

Commercial risk advisors typically earn a median annual salary ranging from $70,000 to $120,000, depending on experience, location, and industry. Senior professionals with specialized certifications or extensive experience can earn higher salaries, often exceeding $150,000 annually.

What is the difference between Commercial Risk Management vs Insurance Underwriter?

AspectCommercial Risk ManagementInsurance Underwriter
CredentialsCertifications like CRM, ARM, CPCU often preferredProfessional designations such as CPCU, ARM, or FCAS common
Work EnvironmentCorporate offices, client meetings, risk assessment teamsInsurance companies, underwriting departments, risk analysis teams
Industry UsageUsed across various industries to mitigate business risksPrimarily within insurance companies to evaluate policy applications

Commercial Risk Management focuses on identifying and mitigating risks for businesses across industries, often working directly with clients. Insurance Underwriters evaluate insurance applications to determine coverage and premiums. While both roles involve risk assessment, Commercial Risk Managers have a broader scope, whereas Underwriters specialize in insurance policy evaluation.

What is the highest paying risk management job?

In commercial risk management, executive roles such as Chief Risk Officer (CRO) typically have the highest salaries, often exceeding six figures annually. These positions require extensive experience, strategic oversight, and often involve managing enterprise-wide risk strategies and teams.

What is the highest salary for a risk manager?

The highest salary for a risk manager can exceed $150,000 annually, especially for those with extensive experience, advanced certifications like FRM or CRM, and leadership roles in large organizations. Senior risk managers or directors in financial services or insurance industries tend to earn the highest compensation.
What are popular job titles related to Commercial Risk Management jobs in Minnesota? For Commercial Risk Management jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Commercial Risk Management jobs in Minnesota look for? The top searched job categories for Commercial Risk Management jobs in Minnesota are:
What cities in Minnesota are hiring for Commercial Risk Management jobs? Cities in Minnesota with the most Commercial Risk Management job openings:

Manager of First Line Risk Deposits - Commercial

Associatedbank

Minneapolis, MN

Full-time

Retirement, PTO

Posted 13 days ago


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-focusedColleague Resource Groups.

  • Competitive salaries with professional development and advancement opportunities.

  • Bonus benefits including well-being programs and incentives, parental leave,anemployee stock purchase plan, military benefits and much more.

  • Personal banking, loan, investmentand 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 onFacebook,LinkedInandX.

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 contactleavesandaccommodations@associatedbank.comif you need an accommodation at any time during the process.

Associated Banc-Corp participates in the E-Verify Program. E-Verify NoticeEnglish or Spanish. Know Your Right to WorkEnglishorSpanish.

Associated Bank isPay Transparencycompliant.


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