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Director Of Risk Jobs in Minnesota (NOW HIRING)

Donaldson Company, Inc.

Risk Manager

Bloomington, MN · Hybrid

$93K - $122K/yr

The Risk Manager partners closely with the Director of Risk Management to support the administration and continuous improvement of the Company's global risk management and insurance programs. This ...

Donaldson Company, Inc.

Risk Manager

Bloomington, MN · On-site

$93K - $122K/yr

The Risk Manager partners closely with the Director of Risk Management to support the administration and continuous improvement of the Company's global risk management and insurance programs. This ...

Ameriprise Financial

Director of Audit

Minneapolis, MN · On-site

$140K - $192K/yr

Ameriprise Financial is looking to add a Director of Audit to the team! The individual in this role ... Supervise Risk and Control Services plan and the quality of activities and projects executed, on ...

Ameriprise Financial

Director of Audit

Minneapolis, MN · On-site

$140K - $192K/yr

Ameriprise Financial is looking to add a Director of Audit to the team! The individual in this role ... Supervise Risk and Control Services plan and the quality of activities and projects executed, on ...

Elucent Medical

Director of Quality

Eden Prairie, MN · On-site

$155K - $170K/yr

Director of Quality Department: Quality Reports to: Chief Development and Compliance Officer Work ... Ensures risk management processes are effectively embedded throughout the product lifecycle.

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Director Of Risk information

See Minnesota salary details

$10.8K

$139.1K

How much do director of risk jobs pay per year?

As of Jun 20, 2026, the average yearly pay for director of risk in Minnesota is $138,108.00, according to ZipRecruiter salary data. Most workers in this role earn between $138,100.00 and $138,100.00 per year, depending on experience, location, and employer.

What is the difference between Director Of Risk vs Risk Manager?

AspectDirector Of RiskRisk Manager
ResponsibilitiesOversees enterprise-wide risk strategies, sets policies, and manages risk teamsIdentifies, assesses, and mitigates specific risks within departments or projects
Required CredentialsOften requires advanced degrees (e.g., MBA), certifications like CRM or FRM, and extensive experienceTypically requires a bachelor's degree, certifications like RIMS-CRMP, and relevant experience
Work EnvironmentStrategic, leadership-focused, often in corporate officesOperational, detail-oriented, working closely with teams on risk assessments

The main difference between a Director Of Risk and a Risk Manager lies in scope and seniority. The Director Of Risk handles enterprise-wide risk strategies and leadership, while the Risk Manager focuses on specific risk areas and implementation. Both roles require relevant certifications and experience, but the Director position involves higher-level decision-making and strategic planning.

How much does a risk director make in the US?

A risk director in the US typically earns between $120,000 and $200,000 annually, depending on experience, industry, and location. Senior risk management roles may also include bonuses and benefits, reflecting the level of responsibility and expertise required for the position.

How much does a head of risk earn?

A Director of Risk typically earns between $100,000 and $180,000 annually, depending on experience, industry, and location. Senior risk professionals with certifications like FRM or CRM may earn higher salaries, especially in financial services or large corporations.

How does a Director of Risk typically collaborate with other departments to manage organizational risk?

A Director of Risk works closely with various departments—such as compliance, finance, operations, and IT—to identify, assess, and mitigate potential risks. They often lead cross-functional meetings and risk assessment workshops to ensure all perspectives are considered and that risk controls are integrated into daily operations. Collaboration is key, as effective risk management requires input and buy-in from across the organization. Directors of Risk also frequently present findings and recommendations to executive leadership, ensuring alignment on risk appetite and mitigation strategies.

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

To thrive as a Director of Risk, you need deep expertise in risk management, regulatory compliance, and business strategy, often supported by a bachelor’s or master’s degree in finance, business, or a related field. Familiarity with risk assessment tools, governance frameworks (such as COSO or ISO 31000), and relevant certifications like FRM or CRM is typically required. Exceptional leadership, analytical thinking, and communication skills help you influence stakeholders and navigate complex risk scenarios. These skills ensure the effective identification, mitigation, and communication of organizational risks, protecting the company’s assets and reputation.

What does a director of risk do?

A director of risk oversees an organization’s risk management strategies, identifying potential threats and implementing policies to mitigate financial, operational, and compliance risks. They analyze data, develop risk assessment frameworks, and collaborate with other departments to ensure the organization’s stability and regulatory adherence.

How much do risk directors make?

Risk directors typically earn between $100,000 and $200,000 annually, with salaries varying based on industry, experience, and company size. Senior risk management roles with certifications like FRM or CRM often command higher compensation, especially in financial services and large corporations.
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Director Of Risk jobs near you
Infographic showing various Director Of Risk job openings in Minnesota as of June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $138,108 per year, or $66.4 per hour.
Director, Risk Strategy

Director, Risk Strategy

ParetoHealth

Minneapolis, MN

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 8 days ago

Job description

We're in this for the greater good at ParetoHealth. Our mission is collective greatness, nothing less will do. Our team is a single force united in the drive to transform employee health benefits.

The company was founded in 2011 to help small and medium-sized businesses fight the rising cost of employee health benefits. We blazed the trail with financing innovations that reduce the risks in self-insurance and deliver significant savings—and we continue to lead with a growing ecosystem of partners and world-class cost control solutions.

But success is measured by more than dollars alone and we measure ours by the good that comes from knowing that every client and all their employees can count on effective, affordable healthcare for years to come.

Please note that ParetoHealth does not provide employment visa sponsorship for this position. Candidates must be authorized to work in the United States without sponsorship both now or in the future.

Position Summary:

ParetoHealth is seeking a Director of Risk Strategy to lead the evolution of our captive-based stop-loss solutions and drive innovation across our risk-sharing model. This role is responsible for defining product vision, advancing innovation, and aligning cross-functional teams to deliver competitive, data-driven solutions for self-funded employers.

As a strategic leader, you will shape and execute initiatives that strengthen Pareto's differentiated approach. This will include assessing alternative risk structures, managing and evolving our overall suite of protections, identifying market pain points, and developing solutions to address those needs.

The ideal candidate brings strategic thinking, creativity, strong analytical acumen, and a demonstrated ability to translate market and customer insights into impactful product strategies. Additionally, strong communication and collaboration capabilities are required to drive alignment across the organization.

Key Responsibilities:

Product Strategy & Vision

  • Define and own the risk product strategy for Pareto's captive and stop-loss portfolio
  • Assess alternative risk structures and determine whether/how Pareto should evolve captive structures, contribution models, and risk corridors to optimize performance and member experience
  • Identify market pain points and associated opportunities through broker feedback, claims analysis, regulatory insights, and assessment of the competitive landscape
  • Develop and prioritize a roadmap to expand/manage a suite of protections for captive Members aligned with company growth objectives and risk appetite

Market & Competitive Intelligence

  • Understand industry trends, including cost drivers, network strategies, and alternative funding models
  • Evaluate alternative product designs, pricing approaches, and underwriting methodologies
  • Partner with sales and marketing to capture voice-of-customer insights from brokers, consultants, and employer groups
  • Understand risk/ product management capabilities at carriers and TPAs in detail to identify gaps and opportunities

Cross-Functional Leadership

  • Drive alignment on product priorities and ensure effective execution of key initiatives across underwriting, product, and technology
  • Support go-to-market efforts in partnership with Product, Sales, and Marketing, including messaging and sales enablement

Required Skills & Qualifications:

  • 3-5 years of top-tier consulting experience
  • 3-5 years in Product Management or Strategy in insurance (e.g., carrier, broker, MGU)
  • Strong nose for value with ability to translate market pain points into solutions; creative, innovative mindset
  • Data-driven with strong analytical and financial acumen
  • Demonstrated ability to lead cross-functional initiatives in a complex, matrixed environment; superior communication skills

Preferred:

  • Deep understanding of risk-sharing structures and stop-loss mechanics
  • Experience with captive programs, alternative risk arrangements, or level-funded products
  • Experience working with mid-market employers (50–1,000 lives)
  • Exposure to clinical programs, cost containment vendors, and population health strategies
  • MBA or advanced degree

Core Competencies:

  • Creative with a focus on value – ability to identify opportunities and develop appropriate solutions
  • Data-driven – ability to utilize data to validate and size opportunities
  • Strategic thinking grounded in data and real-world performance
  • Strong communicator – ability to clearly communicate across all levels and functions to drive alignment
  • Cross-functional/collaborative – able to work across teams to define a solution and bring it to market (commercial focus)

What Success Looks Like

  • Continued evolution of Pareto's captive model as a market-leading solution
  • Strong adoption and advocacy from brokers, consultants, and employer groups
  • Tight alignment between product strategy, underwriting, and commercial execution

Perks & Benefits:

  • Fully paid medical, dental, and vision benefits.
  • Flexible PTO
  • 401k company contribution
  • Tuition reimbursement
  • Professional development allowance
  • Transportation allowance and daily parking reimbursement
  • Engaging hybrid work environment
We are guided by our values:

Fire in the belly

The drive to learn, to improve, and to deliver outstanding value every day.

See the field

The ability to see the big picture and prepare to meet tomorrow's needs.

Get it done right

The passion to produce at higher rates and to the highest standards.

For the greater good

A united community creating better health benefit solutions for all.

Please note that any communication from our recruiters and hiring managers at ParetoHealth about a job opportunity will only be made by a ParetoHealth employee with an @paretohealth.com address. ParetoHealth does not conduct text message or chat-based interviews. Any other email addresses, agencies, or forums may be phishing scams designed to obtain your personal information. We will not ask you to provide personal or financial information, including, but not limited to, your social security number, online account passwords, credit card numbers, passport information, and other related banking information until we begin onboarding activities, which will be coordinated by a member of the ParetoHealth People Ops Team with an @paretohealth.com email address.Disclosures:ParetoHealth is an Equal Opportunity Employer and does not discriminate on the basis of race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, sexual orientation, or military status, in any of its activities or operations. These activities include, but are not limited to, hiring and firing of staff, selection of volunteers and vendors, and provision of services. We are committed to providing an inclusive and welcoming environment for all members of our staff, clients, volunteers, subcontractors, vendors, and clients.California Applicants: See Pareto's CCPA Notice of Collection for California Employees and Applicants for information about how Pareto Captive Services, LLC, Pareto Health, LLC, and Pareto Underwriting Partners, LLC, together with their respective subsidiaries (collectively, "Pareto") collects and uses personal information submitted by employment applicants.