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Director Operational Risk Jobs in Minneapolis, MN

York Risk Services

Director Operations

Eden Prairie, MN · Hybrid

$100K - $114K/yr

... Director Operations Our teams connect! We collaborate onsite and have a hybrid work arrangement ... To be responsible for the technical and operational functions within assigned office(s) including ...

Medica

Director, HR Operations

Minnetonka, MN · On-site

$130K - $223K/yr

The Director of HR Operations provides leadership and oversight for Medica's HR operational ... Manage operational risk and ensure compliance with applicable laws, policies, procedures, and ...

Imedica

Director, HR Operations

Minnetonka, MN · On-site

$130K - $223K/yr

The Director of HR Operations provides leadership and oversight for Medica's HR operational ... Manage operational risk and ensure compliance with applicable laws, policies, procedures, and ...

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All JobsDirector Operational Risk JobsDirector Operational Risk Jobs in Minneapolis, MN

Director Operational Risk information

See Minneapolis, MN salary details

$56.4K

$149.5K

$271.4K

How much do director operational risk jobs pay per year?

As of Jun 16, 2026, the average yearly pay for director operational risk in Minneapolis, MN is $149,472.00, according to ZipRecruiter salary data. Most workers in this role earn between $110,100.00 and $174,900.00 per year, depending on experience, location, and employer.

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.

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 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.

Does the director of national intelligence need senate confirmation?

The Director of National Intelligence (DNI) is a presidential appointee who requires Senate confirmation before taking office. This process ensures oversight and bipartisan approval for the role, which involves overseeing the intelligence community and coordinating national security efforts.

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.

Is a director higher than a CEO?

A CEO (Chief Executive Officer) is typically the highest-ranking executive in a company, responsible for overall strategic direction and decision-making. A director, including a Director of Operational Risk, usually reports to the CEO and oversees specific departments or functions. Therefore, the CEO holds a higher position than a director within an organizational hierarchy.

What is the meaning of a director?

A director is a senior leadership role responsible for overseeing a specific department or function within an organization, such as operational risk. They develop strategies, manage teams, and ensure compliance with policies and regulations, often requiring leadership skills and industry knowledge.

What is the role of the director?

A Director of Operational Risk is responsible for identifying, assessing, and managing risks that could impact an organization's operations. They develop risk management strategies, implement policies, and oversee compliance to ensure operational resilience. Strong analytical skills and knowledge of industry regulations are essential for this role.
What are the most commonly searched types of Operational Risk jobs in Minneapolis, MN? The most popular types of Operational Risk jobs in Minneapolis, MN are:
What are popular job titles related to Director Operational Risk jobs in Minneapolis, MN? For Director Operational Risk jobs in Minneapolis, MN, the most frequently searched job titles are:
What job categories do people searching Director Operational Risk jobs in Minneapolis, MN look for? The top searched job categories for Director Operational Risk jobs in Minneapolis, MN are:
What cities near Minneapolis, MN are hiring for Director Operational Risk jobs? Cities near Minneapolis, MN with the most Director Operational Risk job openings:
Director Operational Risk jobs near you
Infographic showing various Director Operational Risk job openings in Minneapolis, MN as of June 2026, with employment types broken down into 80% Full Time, and 20% Part Time. Highlights an 60% In-person, 20% Hybrid, and 20% Remote job distribution, with an average salary of $149,472 per year, or $71.9 per hour.
Third Party Risk Management Director (Hybrid)

Third Party Risk Management Director (Hybrid)

Securian

Saint Paul, MN • Hybrid

$116K - $217K/yr

Other

Medical, Dental, Vision, Retirement, PTO

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

Securian Financial rating

8.7

Company rating: 8.7 out of 10

Based on 20 frontline employees who took The Breakroom Quiz

Job description

***At Securian, the internal job title is Risk Management Consulting Director.

Position Summary

TheThird PartyRisk Management (TPRM) Director is accountable for leading and transforming the enterprise TPRM program to effectively manage risk across the full thirdparty lifecycle. This role serves as a central leader across the organization, ensuring thirdparty risk practices are consistent, scalable, and aligned with businessobjectivesand risk appetite.
Operating as a strategic partnertoProcurement, Law & Compliance, Cybersecurity, Enterprise Technology, and business leadership, the TPRM Director enables informed decisionmaking and resilient growth. Through strong governance, crossfunctional collaboration, and program excellence, this leader ensures thirdparty risk management is both protective andenabling forthe enterprise.

Key Responsibilities (includebut are not limited to)

Strategic Leadership & Enterprise Partnership (25%)

  • Define and execute an enterprise TPRM strategy aligned to risk appetite, business priorities, and the evolving external environment

  • Influence senior leaders to drive consistent adoption of TPRM practices and proactive thirdparty risk management across Solution Groups

  • Lead crossfunctional alignment across the thirdparty ecosystem, fostering strong partnerships with Procurement, Compliance, BCM, Cybersecurity, and othersecondlinerisk functions

  • Communicate TPRM program status and risk insights to executive stakeholders, including Risk Council and Executive Leadership Team

Program Transformation & Delivery (30%)

  • Transform the TPRM program operating model, governance, processes, and enabling technology

  • Drive scalability and efficiency improvements across the full thirdparty lifecycle

  • Establish and execute a capability maturity roadmap aligned to industry best practices while managing to a defined program budget

Third Party Risk Oversight & Governance (25%)

  • Provide enterprise oversight of thirdparty risks across operational, cybersecurity, privacy, financial, and regulatory domains

  • Ensure consistent risk tiering, due diligence, ongoing monitoring, and issue remediation practices

  • Maintain audit and regulatory readiness through strong documentation and defensible risk decisions

Talent Development & Team Leadership (20%)

  • Lead and develop a highperforming TPRM team and aligned operational risk resources

  • Establish clear roles, expectations, accountability, and development pathways

  • Foster a culture of collaboration, continuous improvement, and shared ownership of risk

Required Qualifications

  • 12+ years of experience leading Third Party Risk Management or operational risk programs in a complex enterprise environment

  • Demonstrated experience designing and transforming enterprisewide TPRM programs and operating models

  • Strong knowledge of thirdparty risk domains including operational, cybersecurity, privacy, financial, and regulatory risk

  • Proven ability to influence senior leaders and drive crossfunctional alignment

  • Experience managing regulatory expectations, audits, and risk governance structures

Preferred Qualifications

  • Experience in financial services, insurance, or other highly regulated industries

  • Handson experience with TPRM enabling technologies and automation tools

  • Advanced degree or professional risk management certification (e.g., CRMP, CISA, CISSP)

#LI-Hybrid**This position willhave a hybrid working arrangement, workingin-officefor a minimum of3days aweek.**

Securian Financial believes in hybrid work as an integral part of our culture. Associates get the benefit of working both virtually and in our offices. Ifyou'reina commutable distance (90 minutes)you'lljoin us 3 days each week in our offices to collaborate and build relationships. Our policy allows flexibility for the reality of business and personal schedules.

Preferred Skills:

The estimated base pay range for this job is:

$116,600 - $217,300

Pay may vary depending on job-related factors and individual experience, skills, knowledge, etc. More information on base pay and incentive pay (if applicable) can be discussed with a member of the Securian Financial Talent Acquisition team.

Be you. With us. At Securian Financial, we understand that attracting top talent means offering more than just a job - it means providing a rewarding and fulfilling career. As a valued member of our high-performing team, we want you to connect with your work, your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth, well-being and work-life balance, including the advantages listed here:

Paid time off:

  • We want you to take time off for what matters most to you. Our PTO program provides flexibility for associates to take meaningful time away from work to relax, recharge and spend time doing what's important to them. And Securian Financial rewards associates for their service by providing additional PTO the longer you stay at Securian.

  • Leave programs: Securian's flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.

  • Holidays: Securian provides nine company paid holidays.

Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian's 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.

Health insurance: From the first day of employment, associates and their eligible family members - including spouses, domestic partners and children - are eligible for medical, dental and vision coverage.

Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.

Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including:

  • Mental Wellness and Disability

  • Pride at Securian Financial

  • Securian Young Professionals Network

  • Securian Multicultural Network

  • Securian Women and Allies Network

  • Servicemember Associate Resource Group

For more information regarding Securian's benefits, please review our Benefits page.

This information is not intended to explain all the provisions of coverage available under these plans. In all cases, the plan document dictates coverage and provisions.

Securian Financial Group, Inc. does not discriminate based on race, color, religion, national origin, sex, gender, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by email at Employment@Securian.com, by telephone 651-655-5522 (voice), or 711 (Relay/TTY).

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