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Financial Risk Management Jobs in Minneapolis, MN

Choice Bank

Manager, Financial Risk

Eagan, MN · On-site

$82K - $145K/yr

Model Risk Management Program, Stress Testing Oversight Program, Loan Review Program, Financial Risk Management Program, Concentration Monitoring Program, and Risk Analytics Program within the Second ...

Choice Bank

Manager, Financial Risk

Eagan, MN · On-site

Model Risk Management Program, Stress Testing Oversight Program, Loan Review Program, Financial Risk Management Program, Concentration Monitoring Program, and Risk Analytics Program within the Second ...

Choice Bank

Manager, Financial Risk

Eagan, MN · On-site

Model Risk Management Program, Stress Testing Oversight Program, Loan Review Program, Financial Risk Management Program, Concentration Monitoring Program, and Risk Analytics Program within the Second ...

Accenture

Finance Risk Senior Manager

Minneapolis, MN · On-site

Experience developing and advising points of view on balance sheet and financial risk management Demonstrated abilities to manage projects and/or client consultations in the Treasury domain In- depth ...

New

Accenture

Data Risk Manager

Minneapolis, MN · On-site

Risk: financial risk management; non-financial risk management including technology risk, third party, resiliency, enterprise & operational risk; risk governance * Compliance: Financial Crime - AML ...

New

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Financial Risk Management information

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$53.8K

$116.4K

$177.4K

How much do financial risk management jobs pay per year?

As of Sep 15, 2026, the average yearly pay for financial risk management in Minneapolis, MN is $116,442.00, according to ZipRecruiter salary data. Most workers in this role earn between $93,900.00 and $134,600.00 per year, depending on experience, location, and employer.

What is financial risk management?

A Financial Risk Management job involves identifying, assessing, and mitigating risks that could impact a company's financial health. Professionals in this field analyze market trends, credit risks, and operational risks to develop strategies that protect assets and profitability. They use financial modeling, risk assessment tools, and regulatory guidelines to ensure compliance and minimize potential losses. Common roles include risk analysts, credit risk managers, and compliance officers in industries like banking, insurance, and investment firms.

What are the key skills and qualifications needed to thrive in financial risk management?

To thrive in Financial Risk Management, you need a strong analytical background, proficiency in financial modeling, and typically a degree in finance, economics, or a related field. Familiarity with risk assessment software, data analytics tools like Excel or SQL, and certifications such as FRM (Financial Risk Manager) or CFA are highly valued. Excellent problem-solving skills, attention to detail, and strong communication abilities help professionals effectively present risks and collaborate with stakeholders. These competencies are crucial for accurately identifying, analyzing, and mitigating financial risks to support an organization's financial health.

What are the typical career advancement opportunities for someone in financial risk management?

Professionals in Financial Risk Management often start as analysts or associates and can progress to roles such as Risk Manager, Senior Risk Analyst, or Director of Risk Management with experience and proven expertise. Career advancement typically involves taking on greater responsibility for complex risk analysis, decision-making, and leading teams or projects. Earning specialized certifications and gaining exposure to different risk disciplines (such as market risk, credit risk, or operational risk) can also accelerate career growth. Many organizations provide opportunities for cross-functional collaboration, which helps develop leadership and strategic planning skills important for moving into executive-level positions.

Is risk management in finance a good career?

Financial risk management is a valuable career that involves identifying and mitigating financial risks using quantitative analysis and risk modeling tools. It offers strong job prospects, competitive salaries, and opportunities for advancement, especially for those with certifications like FRM or CFA. The role requires analytical skills, attention to detail, and often a background in finance, economics, or mathematics.

What are careers in financial risk management?

Careers in financial risk management involve identifying, analyzing, and mitigating financial risks for organizations, often requiring skills in quantitative analysis, data modeling, and knowledge of financial regulations. Common roles include risk analyst, risk manager, and credit analyst, and professionals often use tools like Excel, risk management software, and statistical programs. Certifications such as FRM or CFA can enhance job prospects in this field.

What does financial risk management do?

Financial risk management involves identifying, analyzing, and mitigating potential financial losses for organizations. Professionals in this field use tools like risk assessment models and financial analysis to protect assets and ensure stability, often working with regulations and industry standards.

What are the most commonly searched types of Financial Risk Management jobs in Minneapolis, MN?

The most popular types of Financial Risk Management jobs in Minneapolis, MN are:

What are popular job titles related to Financial Risk Management jobs in Minneapolis, MN?

For Financial Risk Management jobs in Minneapolis, MN, the most frequently searched job titles are:

What job categories do people searching Financial Risk Management jobs in Minneapolis, MN look for?

The top searched job categories for Financial Risk Management jobs in Minneapolis, MN are:

Financial Risk Management jobs near you
Infographic showing various Financial Risk Management job openings in Minneapolis, MN as of September 2026, with employment types broken down into 1% As Needed, 82% Full Time, 15% Part Time, and 2% Contract. Highlights an 82% Physical, 2% Hybrid, and 16% Remote job distribution, with an average salary of $116,442 per year, or $56 per hour.

Manager, Financial Risk

Eagan, MN • On-site

Choice Bank
See more jobs at Choice Bankexternal

$82K - $145K/yr

Full-time

Posted 5 days ago

Job description

Job Type
Full-time
Description
The Manager of Financial Risk role will lead, develop, and manage the following functions and programs for the Bank: Model Risk Management Program, Stress Testing Oversight Program, Loan Review Program, Financial Risk Management Program, Concentration Monitoring Program, and Risk Analytics Program within the Second Line of Defense. This role drives strategic development, implementation, maturation, and continuous process improvements of these programs to align with the Bank's risk appetite and support business growth. The position requires strong cross-functional collaboration across all Three Lines of Defense to identify, assess, and mitigate financial risks, while enhancing the maturity of the Bank's enterprise risk management framework, processes, and programs.
Primary Responsibilities
  • Lead development and maturity of a comprehensive strategy for managing financial risk categories from a Second Line of Defense oversight perspective.
  • Establish and maintain governance frameworks for the Model Risk Management, Stress Testing Oversight, Loan Review, Financial Risk Management, Concentration Monitoring, and Risk Analytics programs to align to the Bank's risk appetite.
  • Establish and manage ongoing Second Line of Defense monitoring processes for financial risk categories, model risk management and programs, including performance metrics, breach thresholds, and escalation procedures.
  • Oversee the performance of internal and external model validation activities.
  • Manage a process to ensure the integrity and reliability of models used in decision-making processes.
  • Manage and maintain an effective model identification process to ensure all new and existing models are captured on the Bank's model inventory prior to implementation. This includes identifying end user calculators or tools and ensuring they are governed using in a risk-based approach.
  • Manage independent loan review processes on commercial loan portfolio in line with regulatory requirements and expectations.
  • Establish and manage a process to provide Second Line of Defense oversight for the overall credit portfolio, potential vulnerabilities, assessing the quality of loans, credit exposure, and compliance with internal lending standards
  • Enhance and expand the independent loan review process that is managed by the Second Line of Defense to include targeted reviews on loan portfolios and the securities portfolio.
  • Collaborate with investment portfolio management to ensure risks are appropriately managed within the portfolio.
  • Establish and lead a credible challenge processes for stress testing results and implement enterprise-wide aggregation of stress testing activities.
  • Identify and monitor concentration risks across the Bank; perform portfolio-level analysis to inform management of customer demographics and attributes.
  • Manages the risk scorecard process, including evaluation of established performance metrics on a periodic basis, monitoring of breach thresholds, and the its escalation process.
  • Manages and develops risk reporting routines focused on metrics, issues, and risk data, including the development and integration of business unit level risk metrics.
  • Develops metrics and mechanisms for monitoring, evaluating effectiveness, identifying deficiencies, and managing the Bank's risk categories, risk controls, and KRIs.
  • Develops reporting dashboards and data outputs to better inform the organization on risk trends.
  • Establishes and maintains a process for monitoring to approved risk appetite levels.
  • Partner with risk teams and stakeholders to align controls with identified risks; deliver training, awareness, and communication strategies for programs under management and on financial risk topics.
  • Assists or manages other risk programs, as assigned.
  • Conduct regular one-on-ones to align cultural & business objectives, prioritize the most important work and coach to high performance.
  • Facilitate execution through effective situational leadership tools.
  • Support engagement and action by listening to team member feedback - what's working, what's not - support them in initiating and executing positive changes and provide them with adequate resources.
  • Support team members professionally and personally.
  • Build relationships with fintech partners through effective situational leadership tools.
  • Catch team members being approximately right through timely, individualized recognition.
  • Promote collaboration and face-to-face interaction.

Requirements
  • Minimum of 8 to 10 years of relevant experience with requisite competencies.
  • Bachelor's degree in Business, Finance, Economics, Risk Management or related field.
  • Master's degree or relevant certifications (FRM, CFA) preferred.
  • Proven ability to build, develop, implement, and mature risk programs, policies, processes, and controls associated with financial industry legal, regulatory, risk, and compliance obligations.
  • Proven ability to develop and support the establishment of key risk indicator metrics and ensuring the monitoring and reporting of them through a robust validated, consistent, and repeatable process.
  • Experience analyzing large data sets and presenting insights for decision-making.
  • Skilled in using analytic platforms like Power BI, Alteryx, etc.
  • Experience using Governance, Risk, and Compliance (GRC) technologies.
  • Strong understanding of risk management principles, financial risk management frameworks, model governance, credit risk, loan reviews, stress testing, concentration monitoring, and regulatory requirements.
  • Experience conducting second line of defense loan review and model validation activities.
  • Ability to lead program components and provide subject matter expertise.

Travel Requirement
This position requires some travel to support business needs, including team collaboration, internal trainings, and cross-functional initiatives. The frequency and duration of travel will vary based on organizational priorities and team needs.
Choice is #PeopleFirst, banking second.
People don't need just another bank. People need to be supported by a team of trusted partners who will get to know them and their business, understand their challenges, discover their dreams, and recognize the success in bringing people and banking together in our communities.
In contributing to our culture, Choice team members are guided by our core values.
  • Embrace change and encourage innovation.
  • Know when to ask for help and know when to offer help.
  • Better the places we live.
  • Work hard. Do the right thing. Have a little fun.

Our vision of Diversity at Choice is supported by our #PeopleFirst mission and our core values.
Being #PeopleFirst means that Choice is committed to focusing attention and resources towards creating an environment where everyone feels respected and valued and can do their best work. Doing the right thing means encouraging employees to share their experiences and ideas, and to bring their whole authentic selves to work. Together, we can build an inclusive culture that seeks out, supports, and celebrates diverse voices. We can use our diversity to fuel creativity and innovation and bring us closer to our customers and the communities we serve. Be welcome at Choice. We can see you here.
Disclosure
This job description is intended to describe the general content of, and requirements for, the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or requirements. All requirements are subject to possible modification to reasonably accommodate individuals with disabilities. Some requirements may exclude individuals who pose a significant risk to the health and safety of themselves or other employees.
All employment at Choice Financial Group is "at will" employment. This position description does not create an employment contract, implied or otherwise.
The base salary for this role is listed below. This pay range is posted to comply with wage transparency laws. The base salary may vary based on skill, ability, knowledge, experience, and geographic location. Full-time employees are also eligible for a competitive bonus and benefits package.
Salary Description
$82,211 - $145,083 per year

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