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Independent Contractor Risk Analyst information

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$16

$42

$68

How much do independent contractor risk analyst jobs pay per hour?

As of Aug 14, 2026, the average hourly pay for independent contractor risk analyst in Minneapolis, MN is $42.26, according to ZipRecruiter salary data. Most workers in this role earn between $31.11 and $51.44 per hour, depending on experience, location, and employer.

What is an independent contractor risk analyst?

An Independent Contractor Risk Analyst is a professional who evaluates and manages risks associated with hiring and working with independent contractors. Their responsibilities include assessing legal, financial, and operational risks, ensuring compliance with labor laws, and advising organizations on best practices for engaging independent contractors. They may also help implement risk mitigation strategies and ensure that contractor relationships are structured correctly to avoid misclassification and potential liabilities. This role is crucial for businesses that rely on flexible workforce arrangements and want to minimize exposure to legal and financial risks.

How does an independent contractor risk analyst typically collaborate with clients and other stakeholders?

As an Independent Contractor Risk Analyst, you will frequently work directly with clients to assess their risk exposure and develop practical mitigation strategies. Collaboration usually involves conducting interviews with key personnel, reviewing documentation, and presenting findings to both technical and non-technical stakeholders. You may also coordinate with legal, finance, and compliance teams to ensure recommendations align with organizational objectives. Strong communication and project management skills are essential for managing multiple client relationships and delivering actionable insights.

What are the key skills and qualifications needed to thrive as an independent contractor risk analyst?

To thrive as an Independent Contractor Risk Analyst, you need strong analytical skills, a background in finance or risk management, and often a relevant degree or certification such as FRM or CFA. Familiarity with risk assessment software, data analytics tools (like Excel, SAS, or Python), and compliance systems is typically required. Exceptional communication, attention to detail, and the ability to work independently set top performers apart in this role. These skills ensure accurate risk evaluations and effective recommendations, which are critical for protecting clients' interests and maintaining regulatory compliance.

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

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

Independent Contractor Risk Analyst jobs near you

Business Risk Analyst

Old National Bank

Saint Louis Park, MN • On-site

$44K - $84K/yr

Full-time

Medical, Dental, Vision, Retirement

Re-posted 15 days ago

Old National Bank rating

8.2

Company rating: 8.2 out of 10

Based on 39 frontline employees who took The Breakroom Quiz

51st of 171 rated banks

Job description

Overview
Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.
We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.
Responsibilities
We are currently seeking a first-line Business Risk Analyst to join our Business Risk Office. The ideal candidate for the Business Risk Analyst role will have an understanding of processes in Treasury Management, Payments, Commercial and Consumer Lending, Fulfillment, Operations and Servicing, Talent, as well as first, second or third line of defense risk management, process and control evaluation, design, and implementation.
The selected candidate will have the opportunity to support the Business Risk Manager in building risk and control activities in the first line of defense for the Consumer, Commercial and Shared Services space. This role will support Business Risk Officers who implement risk frameworks, serve as the first line of defense governance and control partners and should be skilled at collaboration. This supporting role will assist the BROs as they serve in advisory capacity in the design and implementation of action plans, control enhancements, and process design.
Salary Range
The salary range for this position is $44,700.00/yr - $84,500.00/yr. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.
Key Accountabilities
Support the Business Risk Office Team in initiatives including but not limited to:
  • Support Risk and Control Programs across the segment, assisting Business Risk Officers (BROs) in the design and implementation of action plans, control enhancements and process design for business units.
  • Support in the preparation of training schedules and materials for Heightened Standards Framework implementation.
  • Management of Operational Losses under $10k including appropriate reclassification
  • Issues Management reporting, including generation of reports and maintaining accuracy and alignment of stakeholders; management and reporting of Self-Identified issues.
  • Continuous Improvement and Best Practices - proactively identify opportunities to streamline workflows, reduce operational risk and enhance control effectiveness across functional areas

Qualifications and Education Requirements
  • Bachelor's in Operations Management, Risk Management, Finance or a related field.
  • Minimum of 1 -2 years' experience in Banking or Financial Services risk management, audit, compliance, or operations.
  • Excellent communication, task-oriented, organization, technical and interpersonal skills.
  • Ability to work across cultural and geographic boundaries, adapting strategies to suit diverse markets.
  • Strategic and analytical thinker with a problem-solving mindset.
  • Strong organizational and project management skills.
  • Innovative, forward-thinking, and adaptable to change.
  • Comfortable in a fast-paced, evolving environment.

Key Measures of Success/Key Deliverables:
  • Timely completion of assigned projects and tasks
  • Reduction in residual risk in assigned segment
  • Increase in control effectiveness for assigned segment activities

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.
As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.
We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.
Our culture is firmly rooted in our core values.
We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.
We are Old National Bank. Join our team!

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