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Financial Risk Manager Jobs in Minnesota (NOW HIRING)

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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 Aug 13, 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 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.

Is it hard to become a financial risk manager?

Becoming a financial risk manager typically requires a strong background in finance, economics, or related fields, along with relevant certifications such as the Financial Risk Manager (FRM) designation. The role often demands analytical skills, experience with risk assessment tools, and a good understanding of financial markets, making it a challenging but attainable career path for those with the right education and skills.

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 the key skills and qualifications needed to thrive as a financial risk manager?

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.

Do financial risk managers make good money?

Financial risk managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, median annual salaries often range from $80,000 to over $150,000, with higher earnings possible for senior roles and those with professional certifications like FRM or CFA.

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.

Is risk management in finance a good career?

A career as a financial risk manager involves analyzing and mitigating financial risks for organizations, often requiring strong analytical skills, knowledge of financial instruments, and certifications like FRM or CFA. It offers opportunities in banking, investment firms, and corporations, with a focus on quantitative analysis and regulatory compliance, and typically involves a demanding schedule with high responsibility.
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:
Infographic showing various Financial Risk Manager job openings in Minnesota as of July 2026, with employment types broken down into 90% Full Time, 9% Part Time, and 1% Contract. Highlights an 82% Physical, 2% Hybrid, and 16% Remote job distribution, with an average salary of $109,259 per year, or $52.5 per hour.

QRM - Senior Risk Manager, Cyber (Senior Manager) - C_MAT

Deloitte

Minneapolis, MN

Full-time

Posted 21 days ago


Deloitte rating

8.2

Company rating: 8.2 out of 10

Based on 92 frontline employees who took The Breakroom Quiz

45th of 150 rated financial services


Job description

The Team: The mission of Quality and Risk Management (QRM) is to manage the risk in our growing and increasingly complex business to improve financial performance and protect the firm's assets and reputation.

Work you'll do

Deloitte's Cyber QRM team is seeking a Quality & Risk Manager who will be responsible for supporting Cyber quality and risk management activities across the Cyber Offering Portfolio and Market Offerings. Candidates must have extensive experience in delivering and/or contracting for consulting services and related agreements.

Recruiting for this role ends on 08/28/2026.

Key job responsibilities include:

Guidance and Support to Senior Business Leaders within the Firm

  • Serves as liaison between firm leadership and the Office of General Counsel and others (National Risk, National Office of Independence, etc.).
  • Is responsible for advising practice leadership on potential quality and risk management issues within the Cyber Offering Portfolio that includes Cyber Strategy & Transformation, Cyber Defense & Resilience, Digital Trust & Privacy, Enterprise Security, and Cyber Operate services.
  • Provides guidance to engagement leaders and teams on risk mitigation strategies, contract formation, contract terms, and contract management for Cyber services.
  • Facilitates internal compliance with contract terms, risk management policies and procedures, and management directives for Cyber services.
  • Comfortable in facilitating risk management training to business leaders / business teams when called upon to do so for Cyber services.

Proposals for Cyber Services

  • Performs proposal reviews for Cyber opportunities.
  • Consults with firm Partners, Principals, Managing Directors, and engagement teams on Requests for Proposals (RFPs), Teaming Agreements, and Non-Disclosure Agreements.
  • Conducts Risk Consultations as needed.
  • Helps interpret contract requirements and obligations and provides guidance to engagement teams.
  • Facilitates early coordination with Office of General Counsel on RFPs where applicable.

Contract Negotiation for Cyber Services

  • Involved in the negotiation of professional services contracts with a primary focus on reducing and mitigating delivery and contractual risks associated with the services being provided.
  • Facilitates the coordination of Office of General Counsel, the business, and clients (where applicable) on contract negotiations.
  • Professional services contracts include Master Services Agreements, Managed Services Agreements, Subscription License Agreements, Statements of Work, Engagement Letters, Change Orders, Subcontractor Agreements, Teaming Agreements, Non-Disclosure Agreements, independence consultations, and other similar or related agreements.

Contract Management for Cyber Services

  • Reviews services contracts (in particular Statements of Work, Engagement Letters, and Change Orders) and provides revisions oriented to mitigating and containing risk aligned with Deloitte policies and procedures and management guidance.
  • Available to consult and help interpret requirements of the contract as aligned to the Cyber services as well as associated Master Services Agreements and Managed Services Agreements, where applicable.
  • Analyzes and assesses potential impacts associated with contract delivery risks aligned to the Cyber services.
  • Where applicable, assists business leadership with contract template development and review to help expedite future risk reviews.
  • Provides guidance to reduce in flight project risks, adjusts contract requirements to accommodate changing project circumstances, and manages stakeholder expectations to contractual obligations and agreed upon performance standards.

A successful candidate will possess these skills:

  • Significant experience in negotiating various consulting agreements as identified above.
  • Significant experience in advising business teams on developing agreements and contracts
  • Significant experience evaluating and assessing Cyber engagements across the Cyber Market Offerings
  • Experience in negotiating and managing vendor contracts (buy-side) for third-party software providers, including reseller agreements
  • Understanding of the different types of sensitive data (PII, PHI, etc.), the associated risk profile of handling each type of data, and the appropriate risk mitigation strategies to be employed
  • Ability to evaluate risks associated with large professional service engagements 
  • Experience advising engagement teams on risk matters
  • Experience in Request for Proposal analysis, including contract terms and conditions
  • Experience and ability to work directly with senior level individuals (internally and externally)
  • Strong oral and written communication skills 
  • Ability to work autonomously and handle a fast paced, multi-task environment 
  • Experience structuring and negotiating license agreements for a software business

Qualifications

Required:

  • Experience: 15+ years of Client Service delivery, direct contract negotiation, and/or relevant management experience 
  • Education: BBA/BA/BS in related field
  • Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future.

Preferred:

  • Education: Master's Degree is desirable

The wage range for this roletakes into accountthe wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $155,600-$306,800. 

You may also be eligible toparticipatein a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends onvarious factors, including, without limitation, individual and organizational performance. 

Qualifications:

The Team: The mission of Quality and Risk Management (QRM) is to manage the risk in our growing and increasingly complex business to improve financial performance and protect the firm's assets and reputation.

Work you'll do

Deloitte's Cyber QRM team is seeking a Quality & Risk Manager who will be responsible for supporting Cyber quality and risk management activities across the Cyber Offering Portfolio and Market Offerings. Candidates must have extensive experience in delivering and/or contracting for consulting services and related agreements.

Recruiting for this role ends on 08/28/2026.

Key job responsibilities include:

Guidance and Support to Senior Business Leaders within the Firm

  • Serves as liaison between firm leadership and the Office of General Counsel and others (National Risk, National Office of Independence, etc.).
  • Is responsible for advising practice leadership on potential quality and risk management issues within the Cyber Offering Portfolio that includes Cyber Strategy & Transformation, Cyber Defense & Resilience, Digital Trust & Privacy, Enterprise Security, and Cyber Operate services.
  • Provides guidance to engagement leaders and teams on risk mitigation strategies, contract formation, contract terms, and contract management for Cyber services.
  • Facilitates internal compliance with contract terms, risk management policies and procedures, and management directives for Cyber services.
  • Comfortable in facilitating risk management training to business leaders / business teams when called upon to do so for Cyber services.

Proposals for Cyber Services

  • Performs proposal reviews for Cyber opportunities.
  • Consults with firm Partners, Principals, Managing Directors, and engagement teams on Requests for Proposals (RFPs), Teaming Agreements, and Non-Disclosure Agreements.
  • Conducts Risk Consultations as needed.
  • Helps interpret contract requirements and obligations and provides guidance to engagement teams.
  • Facilitates early coordination with Office of General Counsel on RFPs where applicable.

Contract Negotiation for Cyber Services

  • Involved in the negotiation of professional services contracts with a primary focus on reducing and mitigating delivery and contractual risks associated with the services being provided.
  • Facilitates the coordination of Office of General Counsel, the business, and clients (where applicable) on contract negotiations.
  • Professional services contracts include Master Services Agreements, Managed Services Agreements, Subscription License Agreements, Statements of Work, Engagement Letters, Change Orders, Subcontractor Agreements, Teaming Agreements, Non-Disclosure Agreements, independence consultations, and other similar or related agreements.

Contract Management for Cyber Services

  • Reviews services contracts (in particular Statements of Work, Engagement Letters, and Change Orders) and provides revisions oriented to mitigating and containing risk aligned with Deloitte policies and procedures and management guidance.
  • Available to consult and help interpret requirements of the contract as aligned to the Cyber services as well as associated Master Services Agreements and Managed Services Agreements, where applicable.
  • Analyzes and assesses potential impacts associated with contract delivery risks aligned to the Cyber services.
  • Where applicable, assists business leadership with contract template development and review to help expedite future risk reviews.
  • Provides guidance to reduce in flight project risks, adjusts contract requirements to accommodate changing project circumstances, and manages stakeholder expectations to contractual obligations and agreed upon performance standards.

A successful candidate will possess these skills:

  • Significant experience in negotiating various consulting agreements as identified above.
  • Significant experience in advising business teams on developing agreements and contracts
  • Significant experience evaluating and assessing Cyber engagements across the Cyber Market Offerings
  • Experience in negotiating and managing vendor contracts (buy-side) for third-party software providers, including reseller agreements
  • Understanding of the different types of sensitive data (PII, PHI, etc.), the associated risk profile of handling each type of data, and the appropriate risk mitigation strategies to be employed
  • Ability to evaluate risks associated with large professional service engagements 
  • Experience advising engagement teams on risk matters
  • Experience in Request for Proposal analysis, including contract terms and conditions
  • Experience and ability to work directly with senior level individuals (internally and externally)
  • Strong oral and written communication skills 
  • Ability to work autonomously and handle a fast paced, multi-task environment 
  • Experience structuring and negotiating license agreements for a software business

Qualifications

Required:

  • Experience: 15+ years of Client Service delivery, direct contract negotiation, and/or relevant management experience 
  • Education: BBA/BA/BS in related field
  • Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future.

Preferred:

  • Education: Master's Degree is desirable

The wage range for this roletakes into accountthe wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $155,600-$306,800. 

You may also be eligible toparticipatein a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends onvarious factors, including, without limitation, individual and organizational performance. 

Education:Bachelor's DegreeEmployment Type:

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