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Director Operational Risk Jobs in Minneapolis, MN

The Business Card Product Director has leadership responsibility for business card portfolio ... operational risk for business credit card products. * Monitor portfolio performance and adjust ...

Business Card Product Director

Minnetonka, MN · Hybrid

$237K - $248K/yr

The Business Card Product Director has leadership responsibility for business card portfolio ... operational risk for business credit card products. * Monitor portfolio performance and adjust ...

Showing results 21-40

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 Aug 12, 2026, the average yearly pay for director operational risk in Minneapolis, MN is $149,456.00, according to ZipRecruiter salary data. Most workers in this role earn between $110,100.00 and $174,800.00 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.

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.
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:
Infographic showing various Director Operational Risk job openings in Minneapolis, MN as of August 2026, with employment types broken down into 84% Full Time, 14% Part Time, and 2% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $149,456 per year, or $71.9 per hour.

Senior Director, Enterprise Transformation

Threadneedle group

Minneapolis, MN • On-site

$161 - $221/hr

Other

Medical, Dental, Life, Retirement, PTO

Posted 4 days ago


Job description

About Our Company


We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses – Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Job Description

The Enterprise Transformation Senior Director is responsible for program support and credible challenge of enterprise transformation initiatives, strategic programs, and corresponding change activities across the organization. This role partners with business leaders, program sponsors, transformation/project offices, change management teams, and risk partners to proactively identify, assess, monitor, and provide transparency to large-scale initiatives, including business process, technology, regulatory, and organizational changes

Key Responsibilities: Support Enterprise Transformation Initiatives
  • Engage program teams early in the initiative lifecycle to proactively identify and analyze impacts, dependencies, and implementation challenges before they materialize.
  • Assess program risks across strategy, design, implementation, change adoption, and post-implementation stabilization phases.
Drive Consistent Governance and Reporting
  • Support and challenge program governance structures to ensure appropriate accountability, escalation, and risk-based decision-making.
  • Prepare executive-level reporting, program risk perspective, and insights for senior management, executive sponsors, and governance committee
  • Escalate material program risks, concerns, and emerging issues in accordance with established governance processes
Ensure Change Management & Organizational Readiness
  • Provide oversight and challenge of change management strategies to support payback of investment, sustainable implementation and minimize disruption to business operations.
  • Monitor change-related risk indicators and effectiveness metrics throughout implementation and stabilization periods.
Support Transformation Framework Execution
  • Contribute to the ongoing enhancement of transformation oversight practices, methodologies, and reporting capabilities.
  • Ensure enterprise transformation initiatives comply with operational risk policies, standards, and governance frameworks
Required Qualifications:
  • Bachelor's degree or equivalent combination of education and experience.
  • 10+ years relevant experience
  • Strong executive communication, facilitation, and stakeholder management skills.
  • Demonstrated experience overseeing enterprise-wide transformation initiatives, strategic programs, or large-scale organizational change efforts.
  • Experience identifying and assessing program and implementation risks across business, technology, process, and organizational change initiatives.
  • Demonstrated ability to provide constructive and effective challenge to senior leaders and program teams.
  • Proven ability to influence outcomes and build relationships across highly matrixed organizations.
  • Experience working within a highly regulated financial services environment.
Preferred Qualifications:
  • Experience within wealth management, banking, insurance, asset management, or other regulated financial institutions.
  • Experience supporting enterprise transformation offices, strategic change programs, or major technology modernization initiatives.
  • Experience presenting risk assessments, recommendations, and reporting to executive leadership and governance committees.
  • Knowledge of regulatory expectations related to operational risk management, governance, and organizational change.
In-Office Collaboration

We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in‑office time or different in‑office expectations, and specific requirements will be discussed during the hiring process.

Visa Sponsorship

Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).

Base Pay Salary

The estimated base salary for this role is $160,600 - $220,800 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well‑being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.

Full-Time/Part-Time

Full time

Exempt/Non-Exempt

Exempt

Job Family Group

Finance

Line of Business

FIN Finance

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.

We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.

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