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Director Operational Risk Jobs in Minnesota (NOW HIRING)

Presbyterian Homes & Services

Hospice Director

Roseville, MN · On-site

$118.77K - $156K/yr

... and operational risk mitigation. * Build operational infrastructure capable of supporting future ... Direct and support highly qualified function leaders in the day-to-day hospice operations across ...

Affinity Plus

Enterprise Risk Analyst

Saint Paul, MN · On-site

... Board of Directors. • Develop executive-level dashboards, summaries, and presentations ... Business Continuity and Insurance Support • Support business continuity and operational ...

Deloitte

Payments Fraud Manager 1

Minneapolis, MN · On-site

Advise on opportunities for process improvement and operational risk reduction. * Payments ... Direct experience liaising with external regulators, auditors, and key external partners.

Children's Minnesota

Risk Manager

Minneapolis, MN · On-site

Provides both strategic program and operational management to the Family Liaison function with the Family Liaison roles as direct reports. * Primary focus on risk assessment and guidance on all ...

Children's Minnesota

Risk Manager

Minneapolis, MN

Provides both strategic program and operational management to the Family Liaison function with the Family Liaison roles as direct reports. * Primary focus on risk assessment and guidance on all ...

Childrens Health Care

Risk Manager

Minneapolis, MN · On-site

Provides both strategic program and operational management to the Family Liaison function with the Family Liaison roles as direct reports. * Primary focus on risk assessment and guidance on all ...

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Director Operational Risk information

See Minnesota salary details

$52.9K

$140.2K

$254.6K

How much do director operational risk jobs pay per year?

As of May 30, 2026, the average yearly pay for director operational risk in Minnesota is $140,237.00, according to ZipRecruiter salary data. Most workers in this role earn between $103,300.00 and $164,100.00 per year, depending on experience, location, and employer.

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

A Director of Operational Risk needs deep knowledge of risk management frameworks, regulatory requirements, and operational processes, typically supported by a degree in finance, business, or a related field. Familiarity with risk assessment tools, data analytics platforms, and certifications such as FRM or CRM is highly valued. Strong leadership, analytical thinking, and effective communication are essential soft skills for guiding teams and influencing stakeholders. These competencies are crucial for identifying, assessing, and mitigating risks that could impact organizational objectives and regulatory compliance.

How does a Director of Operational Risk typically collaborate with other departments to manage enterprise-wide risks?

A Director of Operational Risk works closely with teams across the organization—including compliance, internal audit, IT, and business unit leaders—to identify, assess, and mitigate potential risks. This collaboration often involves organizing risk assessments, sharing best practices, and developing response strategies for incidents. Regular cross-functional meetings and reporting are common, ensuring that risk management is integrated into day-to-day business operations. Effective communication and relationship-building are crucial for success in this role, as the Director must foster a risk-aware culture throughout the company.

What does a Director of Operational Risk do?

A Director of Operational Risk is responsible for identifying, assessing, and mitigating risks that could impact an organization's operations. They develop risk management strategies, implement controls, and ensure compliance with relevant regulations. This role typically involves collaborating with different departments, reporting to senior management, and overseeing risk assessments and audits. The goal is to minimize losses and protect the organization from potential operational failures or external threats.

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

AspectDirector Operational RiskRisk Manager
CredentialsTypically requires advanced degrees (e.g., MBA, Risk Management certifications)Often requires similar certifications but may have less emphasis on advanced degrees
Work EnvironmentStrategic, leadership-focused, overseeing risk frameworks across departmentsOperational, focused on identifying and mitigating specific risks within teams
Employer & Industry UsageCommon in banking, finance, insurance, and large corporationsFound across various industries including finance, healthcare, and manufacturing

The main difference is that the Director of Operational Risk typically holds a senior leadership role responsible for setting risk strategies and policies, while the Risk Manager focuses on implementing risk mitigation measures at the operational level. Both roles require relevant certifications and experience, but the Director position involves broader strategic oversight.

What are the most commonly searched types of Operational Risk jobs in Minnesota? The most popular types of Operational Risk jobs in Minnesota are:
What are popular job titles related to Director Operational Risk jobs in Minnesota? For Director Operational Risk jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Director Operational Risk jobs in Minnesota look for? The top searched job categories for Director Operational Risk jobs in Minnesota are:
What cities in Minnesota are hiring for Director Operational Risk jobs? Cities in Minnesota with the most Director Operational Risk job openings:
Director Operational Risk jobs near you
Director, Credit Risk Management

Director, Credit Risk Management

Ent Credit Union

Apple Valley, MN • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Ent Credit Union rating

8.6

Company rating: 8.6 out of 10

Based on 14 frontline employees who took The Breakroom Quiz

Job description

Company Description
Ent Credit Union and Wings Credit Union joined forces in January 2026. This merger means more opportunities, expanded resources, and a shared commitment to delivering exceptional member service. Together, we become more - empowering members, communities, and teams through a bold, unified future. Both organizations bring a strong legacy of member satisfaction, operational excellence, financial stability, and community impact. Recognized locally and nationally as best-in-class financial institutions and employers of choice, each is known for its commitment to financial well-being and philanthropic leadership. Join us during this transformative time and be part of shaping the future of banking! To learn more about the merger, click here.
Job Description
As Wings enters a new chapter following its 2026 merger with Ent Credit Union, the Director of Credit Risk will lead a strengthened and realigned second-line credit risk function.
This role has been relaunched to reflect the expanded leadership expectations and the strategic needs of a $20B+ organization. The Director will have ownership of the second line oversight function for lending portfolios and for elevating the consistency, quality and strategic value of credit risk review across the organization. The position requires a leader who can influence at all levels, bring clarity to complex credit decisions and help shape the future of Wings' credit risk strategy.
Essential Functions
  • Credit Risk Oversight and Portfolio Review:
    • Perform comprehensive evaluations of the credit union's credit exposures, assess the quality of credit analysis and approval processes, verify the precision of credit ratings, and ensure compliance with established credit risk policies, standards, procedures, and overall risk appetite.
    • Conduct independent reviews across all lending portfolios to assess credit quality and enforce adherence to relevant risk policies and procedures.
    • Facilitate early identification of credit-related issues, exceptions, and industry or geographic risk factors to support timely detection of portfolio deterioration.
  • Risk Governance, Strategy, and Regulatory Awareness:
    • Contribute to the design and improvement of credit risk review strategies.
    • Remain up to date regarding federal and state regulations impacting the lending function and the credit union's portfolio.
  • Stakeholder Engagement and Communication:
    • Manage and coordinate relationships with senior management stakeholders across all departments, presenting review findings clearly and confidently.
    • Lead or participate in opening and closing meetings, communicating identified matters to leadership and relevant business units under review.
    • Present well-supported recommendations concerning processes, procedures, and credit risk to senior management, effectively challenging internal risk ratings when necessary.
  • Training, Coaching, and Advisory Support:
    • Provide training and coaching to less experienced colleagues and offer advice to teams across all lines of defense as appropriate.
    • Mentor and train less experienced colleagues, guiding teams where appropriate.
  • Staff Management and Development:
    • Guide the daily activities of staff.
    • Support skills augmentation as appropriate to support Ent initiatives.
    • Mentoring/coaching of direct reports.
    • Establish team and individual goals and pursue opportunities for personal development.
    • Perform quarterly and annual performance assessments.
  • Bank Secrecy Act: Remains cognizant of and adheres to Wings policies and procedures, and regulations pertaining to the Bank Secrecy Act.

Qualifications
  • Bachelor's Degree in accounting, finance or related field.
  • Master's (MBA, Master of Finance) or relevant certification preferred.
  • 9+ years' experience in credit administration and/or credit risk management analytics at a financial institution or regulatory agency.
  • 3+ years' of team leadership or management experience.
  • Proven credit risk expertise in consumer, mortgage or commercial lending at financial institutions, and in depth understanding of lending credit products.
  • Experience in data analytics. Programming and data manipulation with SQL, Python, and R are a benefit.
  • Confident negotiator with excellent oral and written communication abilities.
  • Proven ability to collaborate at a senior level with internal and external stakeholders.
  • Knowledge of risk governance frameworks, second-line enterprise risk management, and internal controls.
  • Exceptional analytical and problem-solving skills; able to identify issues, ask insightful questions, and escalate appropriately.
  • Able to clearly explain complex quantitative and model concepts to both technical and non-technical audiences.
  • Excellent organizational skills, capable of managing multiple deadlines.
  • Bondable.

Additional Information
The pay range for this position is: $180,000 to $200,000 per year plus 20% annual target bonus.
Final compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications, location and internal pay equity.
BENEFITS:
  • Generous 401(k) match
  • 401k Discretionary Profit Sharing
  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Short Term and Long Term Disability
  • Health Savings Account with company contribution
  • Employee Assistance Program
  • Paid Vacation, Sick, Floating Holidays and Volunteer Time Off
  • Paid Holidays
  • Tuition Reimbursement
  • Paid Parental Leave

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