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Director Operational Risk Jobs in Saint Paul, MN

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 · 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 ...

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 ...

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 ...

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 ... Operations-to drive claim outcomes, manage risk, and support strategic initiatives. Qualified ...

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 ... Operations-to drive claim outcomes, manage risk, and support strategic initiatives. Qualified ...

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All JobsOperational Risk JobsDirector Operational Risk JobsDirector Operational Risk Jobs in Saint Paul, MN

Director Operational Risk information

See Saint Paul, MN salary details

$54.4K

$144.4K

$262.2K

How much do director operational risk jobs pay per year?

As of Aug 20, 2026, the average yearly pay for director operational risk in Saint Paul, MN is $144,373.00, according to ZipRecruiter salary data. Most workers in this role earn between $106,400.00 and $168,900.00 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 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 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 popular job titles related to Director Operational Risk jobs in Saint Paul, MN?

For Director Operational Risk jobs in Saint Paul, MN, the most frequently searched job titles are:

What job categories do people searching Director Operational Risk jobs in Saint Paul, MN look for?

The top searched job categories for Director Operational Risk jobs in Saint Paul, MN are:

What cities near Saint Paul, MN are hiring for Director Operational Risk jobs?

Cities near Saint Paul, MN with the most Director Operational Risk job openings:

Director Operational Risk jobs near you
Infographic showing various Director Operational Risk job openings in Saint Paul, MN as of August 2026, with employment types broken down into 91% Full Time, 8% Part Time, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $144,373 per year, or $69.4 per hour.

Senior Manager, CUSO FC Governance

Royal Bank of Canada

Minneapolis, MN • On-site

$90K - $160K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 23 days ago

Job description

Job Description
What is the opportunity?
The Senior Manager will support the Director, CUSO FC Governance in the ongoing operation of the Combined U.S. Operations ("CUSO") Financial Crimes regulatory compliance management, operational risk, reporting, and governance functions. This role will have accountability for performing the CUSO FC Governance functions in ensuring the regional execution of the Enterprise Financial Crimes Risk Management Framework and related policies, standards, and methodologies.
What will you do?
  • Coordinate, in collaboration with the U.S. BSA AML Officers, the CUSO oversight of the FC Target Operating Model (TOM).
  • Manage the production of entity-level and Combined U.S. Operations (CUSO) Financial Crime (FC) Risk Appetite Metrics (RAMs) and Key Risk Indicators (KRIs) and coordinate periodic refresh processes with Enterprise FC.
  • Establish and maintain oversight of annual reviews and other periodic renewals/processes.
  • Assist in the administration and maintenance of internal AML / financial crimes controls across the CUSO.
  • Collaborate with teammates to manage and continually improve upon the ongoing development of regional and entity-level management and board reporting processes and develop efficiencies and alignment across reporting functions throughout the CUSO.
  • Support the CUSO FC teams in the execution and oversight Risk and Control Self-Assessments.

What do you need to succeed?
Must-have
  • Extensive knowledge of risk and compliance management, and/or governance practices, including a working knowledge of financial crime related program requirements relating to BSA, USA PATRIOT Act, OFAC, and FCPA.
  • Strong knowledge and experience developing, coordinating, and preparing management reporting.

Nice-to-have
  • Demonstrated experience leading or contributing to KRI/RAM programs.
  • Demonstrated experience leading or contributing to vendor/third party risk management functions.

What's in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
  • A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
  • Leaders who support your development through coaching and managing opportunities.
  • Ability to make a difference and lasting impact.
  • Work in a dynamic, collaborative, progressive, and high-performing team.
  • Opportunities to do challenging work.
  • Opportunities to build close relationships with clients.

The expected salary range for this particular position is $90,000-$160,000 (Minnesota) depending on your experience, skills, and registration status, market conditions and business needs.
You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
  • Drives RBC's high-performance culture
  • Enables collective achievement of our strategic goals
  • Generates sustainable shareholder returns and above market shareholder value

Job Skills
Anti-Money Laundering (AML), Business Perspective, Communication, Decision Making, Financial Regulation, Interpersonal Relationship Management, Operational Integrity, Organizational Governance, Process Management, Strategic Thinking
Additional Job Details
Address:
250 NICOLLET MALL:MINNEAPOLIS
City:
Minneapolis
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2026-07-29
Application Deadline:
2026-10-03
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

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