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Insurance Risk Manager Jobs in Minnesota (NOW HIRING)

Veterinary Pet Insurance

Reports to manager or director. Does not have direct reports. Will serve as mentor for other RMC's and interns as assigned. Typical Skills and Experiences: Education: BS/BA studies in insurance, risk ...

Target

Sr Manager Risk and Controls

Minneapolis, MN

$95K - $171K/yr

... insurance and more, to help you and your family take care of your whole selves.Other benefits for ... As a Senior Manager in Risk & Controls , you will be a leader on a team that builds strong ...

Old National Bank

Wealth Risk Officer

Minneapolis, MN · On-site

$60K - $121K/yr

... Management Position Type Regular Full-Time Requisition ID 2026-19843 Workplace Type On Site ... insurance. 401K, continuing education opportunities and an employee assistance program are also ...

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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.
Supervisory Risk Principal

Supervisory Risk Principal

Royal Bank of Canada

Minneapolis, MN • On-site

$70K - $130K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 6 days ago

Job description

Job Description
What is the opportunity?
As a Supervisory Risk Principal, you will be responsible for collecting the required documentation for foreign client account onboarding, applying Firm policy requirements for foreign accounts and identifying/escalating identified risks to the Business Supervision Group and Complex Management. This role is a critical first line of defense position leading the firm's efforts to protect our brand while managing the risk inherent to the activities conducted by our complex/branch employees and foreign clients.
What will you do?
  • Review and approve foreign account paperwork for international accounts
  • Confirm foreign client account records are appropriately setup on account opening systems
  • Confirm the client resides in an approved foreign jurisdiction
  • Confirm the Advisor is approved for the intended foreign jurisdiction where the client resides
  • Assign cross border training for new International Financial Advisors (IFA)
  • Confirm the IFA has been provided the appropriate cross border rules for the intended foreign jurisdiction and obtain the IFA's attestation regarding their understanding of them
  • Assess risk in all areas of responsibility and escalate potential problems and concerns to the appropriate parties; monitor issues through resolution
  • Work with complex management on new recruits that have foreign clients intended to onboarded to assess if they fit within the risk appetite and policy requirements of the company
  • Ensure Anit-Money Laundering (AML) policy & procedures are followed and respond to the department's Enhanced Due Diligence, Client Due Diligence and surveillance requests
  • Ensure all required documents are maintained and archived appropriately
  • Stay abreast of various cross border rules with regard to new accounts & expected trade related activity
  • Maintain a high level of confidentiality in accordance with department, business unit and enterprise standards
  • Serve as a supervisory subject matter expert on firm initiatives; work with BSG leadership to design related supervisory procedures
  • Maintain a high level of knowledge on industry trends and areas of focus to ensure appropriate supervisory practices are in place

What do you need to succeed?
Must-have
  • 5-7 years of industry related experience
  • 3-5 years of direct supervisory risk experience in a broker/dealer
  • Series 7, 66 and 9/10
  • Excellent understanding of AML Customer Due Diligence rules
  • Comprehensive and in-depth knowledge of investment products and strategies and their suitability for clients based on investment objectives, risk tolerance and financials
  • An understanding of the securities industry's regulatory environment and related policies and procedures
  • Strong and verbal and written communications skills

What's in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
  • A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
  • Leaders who support your development through coaching and managing opportunities.
  • Ability to make a difference and lasting impact.
  • Work in a dynamic, collaborative, progressive, and high-performing team.
  • Opportunities to do challenging work.
  • Opportunities to build close relationships with clients.

The expected salary range for this particular position is $70,000-$130,000, depending on your experience, skills, and registration status, market conditions and business needs.
You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
  • Drives RBC's high-performance culture
  • Enables collective achievement of our strategic goals
  • Generates sustainable shareholder returns and above market shareholder value

Job Skills
Audits Compliance, Critical Thinking, Data Gathering Analysis, Decision Making, Financial Regulation, Industry Knowledge, Interpersonal Relationship Management, Product Services, Risk Management, Strategic Thinking
Additional Job Details
Address:
250 NICOLLET MALL:MINNEAPOLIS
City:
Minneapolis
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
WEALTH MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2026-07-17
Application Deadline:
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

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