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Insurance Risk Manager Jobs in Minnesota (NOW HIRING)

US Bank

Credit Risk Manager

Minneapolis, MN

$133K - $156K/yr

Provides credit risk analytics support for the Wholesale Commercial portfolios, including the ... Basic term and optional term life insurance * Short-term and long-term disability * Pregnancy ...

U.S. Bank

Credit Risk Manager

Minneapolis, MN · On-site

$133K - $156K/yr

Provides credit risk analytics support for the Wholesale Commercial portfolios, including the ... Basic term and optional term life insurance * Short-term and long-term disability * Pregnancy ...

U.S. Bank

Cloud Technology Risk Manager

Hopkins, MN · On-site

This Technology Risk Manager position will support the Technology Infrastructure organization. To ... Basic term and optional term life insurance * Short-term and long-term disability * Pregnancy ...

US Bank

Cloud Technology Risk Manager

Hopkins, MN

This Technology Risk Manager position will support the Technology Infrastructure organization. To ... Basic term and optional term life insurance * Short-term and long-term disability * Pregnancy ...

Old National Bank

Third Party Risk Lead

Lake Elmo, MN · On-site

$165K/yr

... insurance. 401K, continuing education opportunities and an employee assistance program are also ... Responsibilities The Third-Party Risk Management (TPRM) Lead is responsible for executing third ...

Old National Bank

Third Party Risk Lead

Lake Elmo, MN · On-site

$165K/yr

... insurance. 401K, continuing education opportunities and an employee assistance program are also ... Responsibilities The ThirdParty Risk Management (TPRM) Lead is responsible for executing thirdparty ...

Old National Bank

Third Party Risk Lead

Lake Elmo, MN · On-site

$165K/yr

... insurance. 401K, continuing education opportunities and an employee assistance program are also ... The ThirdParty Risk Management (TPRM) Lead is responsible for executing thirdparty risk management ...

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All JobsInsurance Risk JobsInsurance Risk Manager JobsInsurance Risk Manager Jobs in Minnesota

Insurance Risk Manager information

See Minnesota salary details

$80.8K

$119K

$182.2K

How much do insurance risk manager jobs pay per year?

As of Jul 23, 2026, the average yearly pay for insurance risk manager in Minnesota is $119,004.00, according to ZipRecruiter salary data. Most workers in this role earn between $98,900.00 and $135,200.00 per year, depending on experience, location, and employer.

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

To thrive as an Insurance Risk Manager, you need expertise in risk assessment, analytical thinking, and a strong understanding of insurance principles, often supported by a relevant degree and certifications like ARM or CPCU. Familiarity with risk modeling software, statistical analysis tools, and regulatory compliance systems is typically required. Strong communication, decision-making, and problem-solving skills help you effectively advise stakeholders and manage complex risk scenarios. These abilities are crucial for identifying, evaluating, and mitigating risks to protect organizational assets and ensure regulatory compliance.

What is the difference between Insurance Risk Manager vs Insurance Underwriter?

AspectInsurance Risk ManagerInsurance Underwriter
CredentialsTypically requires a bachelor's degree in risk management, finance, or related fields; professional certifications like ARM or CPCU are commonUsually holds a bachelor's degree in finance, economics, or related areas; certifications like CPCU or ARe are beneficial
Work EnvironmentWorks in corporate risk management departments, analyzing and mitigating risks for the companyWorks in insurance companies, assessing individual or business applications to determine coverage and premiums
Employer & Industry UsageUsed by insurance companies and large corporations to manage risk exposurePrimarily employed by insurance carriers to evaluate and approve insurance policies

While both roles involve understanding insurance policies, the Insurance Risk Manager focuses on overall risk mitigation strategies within an organization, whereas the Insurance Underwriter evaluates individual insurance applications to determine coverage and pricing.

What does an Insurance Risk Manager do?

An Insurance Risk Manager is responsible for identifying, assessing, and mitigating risks that could negatively impact an organization’s assets, operations, or reputation. They analyze various types of risks—including financial, operational, and compliance risks—and develop strategies to minimize potential losses. Insurance Risk Managers also advise on appropriate insurance coverage, negotiate policies with insurers, and ensure that the company complies with relevant regulations to protect against unforeseen events.

What are the most common challenges Insurance Risk Managers face when working across different departments?

Insurance Risk Managers often collaborate with various departments such as underwriting, claims, and compliance to identify and mitigate potential risks. One common challenge is ensuring clear communication and alignment of risk policies across teams that may have different priorities or levels of risk awareness. Balancing regulatory requirements with business objectives can also be complex, requiring strong negotiation and relationship-building skills. Successfully navigating these challenges helps create a unified risk culture and strengthens the organization's overall resilience.
What are popular job titles related to Insurance Risk Manager jobs in Minnesota? For Insurance Risk Manager jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Manager jobs in Minnesota look for? The top searched job categories for Insurance Risk Manager jobs in Minnesota are:
What cities in Minnesota are hiring for Insurance Risk Manager jobs? Cities in Minnesota with the most Insurance Risk Manager job openings:
Insurance Risk Manager jobs near you
Infographic showing various Insurance Risk Manager job openings in Minnesota as of July 2026, with employment types broken down into 1% As Needed, 72% Full Time, 22% Part Time, and 5% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $119,004 per year, or $57.2 per hour.
Credit Risk Manager

Credit Risk Manager

US Bank

Minneapolis, MN

$133K - $156K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 23 days ago

U.S. Bank rating

8.2

Company rating: 8.2 out of 10

Based on 358 frontline employees who took The Breakroom Quiz

44th of 150 rated banks

Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

Provides credit risk analytics support for the Wholesale Commercial portfolios, including the development and monitoring of credit risk rating assignment methods. Develops and delivers analytics to support key Credit Strategy initiatives, leveraging credit risk and enterprise datasets to identify emerging risks, trends, and opportunities. Translates data into actionable insights and strategic recommendations that inform and drive risk-based decision making across the organization.

Effectively communicates analytical findings in a clear, concise, and impactful manner, enabling senior management to quickly understand and make informed, data-driven decisions. The role offers the opportunity to develop analytical solutions that support high impact strategic initiatives across the department.

Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Typically more than 10 years of applicable experience

Preferred Skills/Experience

  • Computer programming experience in SQL, SAS or Python experience strongly preferred, intermediate or advanced Microsoft Excel skills

  • Proven ability to work with and interpret large, complex datasets

  • Ability to translate business problems into analytical solutions and actionable insights

  • Experience with data visualization tools (e.g., Tableau, Power BI) preferred

  • Strong verbal, written and presentation communication skills

  • Demonstrated ability to synthesize analytical results into clear, concise summaries for senior stakeholders

  • Foundational knowledge of credit risk, financial and statistical analysis

  • Knowledge of, or exposure to Commercial Lending preferred but not required

This role requires working from a U.S. Bank location three (3) or more days per week.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

  • Healthcare (medical, dental, vision)

  • Basic term and optional term life insurance

  • Short-term and long-term disability

  • Pregnancy disability and parental leave

  • 401(k) and employer-funded retirement plan

  • Paid vacation (from two to five weeks depending on salary grade and tenure)

  • Up to 11 paid holiday opportunities

  • Adoption assistance

  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $133,365.00 - $156,900.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

What U.S. Bank employees say

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About U.S. Bank

Sourced by ZipRecruiter

U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

Year founded

1863

Social media

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