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Financial Risk Manager Jobs in Minnesota (NOW HIRING)

Investment Risk Analyst

Minneapolis, MN · On-site

$87.40K - $120.20K/yr

Columbia Threadneedle Investments, the global asset management division of Ameriprise Financial, is seeking an Investment Risk Analyst to be based in Minneapolis, MN or Boston, MA. This role assists ...

Risk Manager

Maple Grove, MN · On-site

$150K/yr

... financial instruments. Position Responsibilities / Abilities - Oversee the organization's dynamic ... risk management strategies impact the organization - Implement solutions without creating ...

... risk and control management, while also being task oriented and capable of meeting the tight ... Act as SME for SAP application controls in external audits (e.g.financial,SOX, regulatory) * Lead ...

Internal Audit & Risk Manager

Minneapolis, MN

$105.40K - $139.90K/yr

S. and in many of the world's leading financial centers - New York, London, San Francisco, Los ... Assistwith managing SOX and risk advisory engagements, including client engagement staffing ...

Risk Management Director

Edina, MN · On-site

$90K - $140K/yr

Ensure risk-based due diligence and ongoing monitoring, including financial condition, information ... Records Management (Direct Accountability): Lead the Bank's Records Management program, including ...

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Financial Risk Manager information

See Minnesota salary details

$50.4K

$109.3K

$166.5K

How much do financial risk manager jobs pay per year?

As of May 30, 2026, the average yearly pay for financial risk manager in Minnesota is $109,259.00, according to ZipRecruiter salary data. Most workers in this role earn between $88,100.00 and $126,300.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Financial Risk Manager, and why are they important?

To thrive as a Financial Risk Manager, you need a strong background in finance, quantitative analysis, and risk assessment, typically supported by a relevant degree and certifications like FRM or CFA. Expertise in risk modeling software, statistical tools such as SAS or R, and financial reporting systems is highly valued. Exceptional analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These skills and qualities are crucial for accurately identifying, assessing, and mitigating financial risks to protect organizational assets and ensure regulatory compliance.

What are some common challenges Financial Risk Managers face when working with cross-functional teams?

Financial Risk Managers often collaborate with departments such as treasury, compliance, and IT to identify and mitigate risks. One common challenge is aligning risk management strategies with diverse departmental goals, which may sometimes conflict with each other. Effective communication and negotiation skills are essential to ensure all stakeholders understand the risk implications of their decisions. Additionally, adapting to rapidly changing regulations and market conditions can create pressure to quickly update risk models and processes.

What does a Financial Risk Manager do?

A Financial Risk Manager (FRM) is responsible for identifying, analyzing, and mitigating financial risks within an organization. Their work involves assessing threats related to credit, market, operational, and liquidity risk, and developing strategies to minimize potential losses. FRMs use quantitative analysis, financial modeling, and risk assessment tools to advise decision-makers on risk exposures. They play a vital role in ensuring that a company remains compliant with financial regulations and maintains financial stability.

What is the difference between Financial Risk Manager vs Credit Analyst?

AspectFinancial Risk ManagerCredit Analyst
CertificationsFRM, CFAFitch, CFA
Work EnvironmentFinancial institutions, banks, investment firmsBanks, lending institutions, credit agencies
Primary FocusAssessing and managing overall financial risksEvaluating creditworthiness of borrowers
Industry UsageRisk management departments, trading floorsLoan departments, credit risk units

While both roles involve financial analysis, a Financial Risk Manager focuses on identifying and mitigating broad financial risks across an organization, often requiring advanced certifications like FRM or CFA. A Credit Analyst specializes in assessing individual borrowers' creditworthiness to inform lending decisions. Both roles are vital in financial institutions but serve different strategic purposes.

What are popular job titles related to Financial Risk Manager jobs in Minnesota? For Financial Risk Manager jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Financial Risk Manager jobs in Minnesota look for? The top searched job categories for Financial Risk Manager jobs in Minnesota are:
What cities in Minnesota are hiring for Financial Risk Manager jobs? Cities in Minnesota with the most Financial Risk Manager job openings:
Investment Risk Analyst

Investment Risk Analyst

Ameriprise Financial

Minneapolis, MN • On-site

$87.40K - $120.20K/yr

Full-time

Medical, Dental, Life, Retirement, PTO

This job post has expired 1 day ago. Applications are no longer accepted.


Ameriprise rating

8.1

Company rating: 8.1 out of 10

Based on 116 frontline employees who took The Breakroom Quiz

38th of 138 rated financial services


Job description

About Our Company


Working at Columbia Threadneedle Investments you'll find growth and career opportunities across all of our businesses.

We're intentionally built to help you succeed. Our reach is expansive with a Columbia Threadneedle Investments global team of 2,300 people working together. Our capability is diverse with more than 550 investment professionals sharing global perspectives across all major asset classes and markets. Our clients have access to a broad array of investment strategies, and we have the capability to create bespoke solutions matched to clients' specific requirements. Our unwavering focus on our clients and strong financial foundation connects each of our enterprise businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities.

Job Description

Columbia Threadneedle Investments, the global asset management division of Ameriprise Financial, is seeking an Investment Risk Analyst to be based in Minneapolis, MN or Boston, MA. This role assists senior risk managers to measure, monitor, analyze, and manage investment risk across Columbia Threadneedle's collection of funds. This role will provide you the opportunity to develop and improve your technical skills and the chance to be immersed in the investment organization's culture.

Responsibilities:
Engage with senior risk managers and the investment teams to understand their investment processes and the underlying investment risks.
Review risk reports, communicate findings and raise observations to senior risk managers and business leaders, as needed; research some targeted risk issues as advised.
Research and investigate of ad-hoc risk issues as necessary, interacting with the investment team as needed.
Assist senior team members to analyze portfolio holdings and risk measures in order to measure, monitor, and manage investment risk; assist in the communication of risk analysis to fund managers.
Run processes for gathering fund risk data and generating risk reports for portfolios
Maintain and improve risk data reporting solutions and creation of visualizations/reports to help run the investment risk process.
Monitor the integrity and accuracy of the data in the system, work with Technology and Operations to resolve system and portfolio data issues as necessary.

Required Qualifications:
Degree in a quantitative field such as Finance, Mathematics, Statistics, Computer Science, Engineering, Economics, Mathematics or other relevant area of study. Critical thinking and analysis skills are more important than the area of study.
Programming/coding experience with Python (or similar) and Snowflake/SQL
Knowledge of financial market instruments including options and derivatives
Professional and/or educational experience in risk management, investments, and/or finance. Demonstrated passion for markets is critical.
Excellent analytical capabilities and ability to understand quantitative models
Good general understanding of investment management and financial risk management
Capable of taking initiative on broader IRM goals to improve departmental capabilities
Excellent written and verbal communication skills
Ability to handle several tasks, prioritize effectively, meet goals and deliver high quality, accurate work in a fast-paced environment
Ability to maintain good relationships with business partners

Preferred Qualifications:
While not a requirement, possessing an advanced degree in a quantitative field (economics, mathematics, physical sciences, finance, or statistics) is preferred.
Preference will be given to candidates with Master of Financial Mathematics.
Achievement of, or progress towards professional designations such as CFA (Chartered Financial Analyst), FRM (Financial Risk Manager), or PRM (Professional Risk Manager) are relevant though not required.
Preference will be given to candidates with 2+ years of experience preferably in risk management, investment management, or capital markets.
Experience and familiarity with Blackrock Aladdin or other risk systems and Tableau is relevant but not required.

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).

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.

Base Pay Salary

The estimated base salary for this role is $87,400- $120,200 / 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

Non-Exempt

Job Family Group

Business Support & Operations

Line of Business

AMINV US Asset Management

Columbia Threadneedle is a people business, and we recognise that our success is due to our talented people, who bring diversity of thought, complementary skills and capabilities. We are committed to fostering an inclusive and performance-based culture where everyone can belong, grow, contribute and realise their potential.

Columbia Threadneedle 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.


What Ameriprise employees say

Pay

Benefits

Hours and flexibility

Workplace

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About Ameriprise

Sourced by ZipRecruiter

At Ameriprise Financial, we're not just in the business of helping clients with their financial goals - we also help our advisors and employees reach their true potential by embracing an inclusive and collaborative culture. We celebrate the unique qualities and reward the contributions of our talented, passionate employees. If you're motivated and want to work for a strong, ethical company that cares about you and your community, take the next step with Ameriprise Financial.

Industry

Funds, trusts and financial programs

Company size

5,001 - 10,000 Employees

Headquarters location

Minneapolis, MN, US

Year founded

1894

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