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Operational Risk Analyst Jobs in Minnesota (NOW HIRING)

... operations, products/services, systems, and associated risks/controls - Thorough knowledge of Risk/Compliance/Audit competencies - Strong analytical, process facilitation and project management ...

Visually inspects operations and interviews client representatives to determine underlying risk ... May be asked to research, analyze and evaluate favorability of select industries or classes of ...

Analyze model risk trends, identify emerging risks, and provide independent challenge and risk ... Operational Risk Management. * Advanced knowledge of risk management frameworks, controls, and ...

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... operational risk Preferred Skills and Qualifications * Experience with AI/ML, emerging technologies, or advanced analytics governance * Familiarity with AI regulatory frameworks and guidance (e.g ...

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Operational Risk Analyst information

See Minnesota salary details

$38.2K

$84.1K

$151.8K

How much do operational risk analyst jobs pay per year?

As of Jul 8, 2026, the average yearly pay for operational risk analyst in Minnesota is $84,072.00, according to ZipRecruiter salary data. Most workers in this role earn between $64,200.00 and $102,300.00 per year, depending on experience, location, and employer.

What are some common challenges faced by Operational Risk Analysts, and how can these be effectively managed?

Operational Risk Analysts often face challenges such as identifying emerging risks, effectively communicating findings to stakeholders, and ensuring compliance with evolving regulations. Managing these challenges involves staying up-to-date with industry best practices, developing strong analytical and communication skills, and collaborating closely with other departments like compliance, IT, and internal audit. Building robust risk assessment frameworks and fostering a culture of transparency within the organization are also key to success in this role.

What does an Operational Risk Analyst do?

An Operational Risk Analyst is responsible for identifying, assessing, and mitigating risks that could impact a company's day-to-day business operations. They analyze processes, policies, and systems to detect potential operational failures or weaknesses. Their role often includes developing risk management strategies, monitoring risk indicators, and helping to ensure compliance with regulatory standards. They also work closely with other departments to implement best practices and improve overall risk awareness.

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

To thrive as an Operational Risk Analyst, you need a solid background in risk management, data analysis, and business processes, typically supported by a degree in finance, business, or a related field. Familiarity with risk assessment tools, governance frameworks, and systems like GRC (Governance, Risk, and Compliance) platforms or Excel is commonly required, and certifications such as FRM or CRM are advantageous. Strong analytical thinking, attention to detail, and effective communication skills help you identify risks and collaborate with stakeholders across the organization. These skills ensure accurate risk identification and mitigation, safeguarding the organization's assets and reputation.

What is the difference between Operational Risk Analyst vs Credit Risk Analyst?

AspectOperational Risk AnalystCredit Risk Analyst
Required CredentialsBachelor's degree in finance, risk management, or related field; certifications like FRM or CRMBachelor's degree in finance, economics, or related; certifications like CFA or FRM
Work EnvironmentFinancial institutions, banks, insurance companies; focus on internal processesBanking, lending institutions; focus on borrower creditworthiness
Employer & Industry UsageUsed across banking, insurance, and investment firms for risk mitigationPrimarily in banking and lending sectors for credit assessment
Common Search & Comparison IntentUnderstanding risk management roles within financial firmsAssessing credit risk and loan approval processes

Operational Risk Analysts focus on internal processes and operational hazards within financial institutions, while Credit Risk Analysts evaluate the creditworthiness of borrowers. Both roles require similar credentials and are vital in risk management but serve different aspects of financial risk assessment.

What are popular job titles related to Operational Risk Analyst jobs in Minnesota? For Operational Risk Analyst jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Operational Risk Analyst jobs in Minnesota look for? The top searched job categories for Operational Risk Analyst jobs in Minnesota are:
What are popular job titles related to Operational Risk Analyst jobs in MN? For Operational Risk Analyst jobs in MN, the most frequently searched job titles are:
IT Cyber Security Risk Analyst

IT Cyber Security Risk Analyst

Cretex Companies, Inc.

Elk River, MN โ€ข On-site

$60K - $91K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 4 days ago


Job description

Overview

The Cybersecurity Risk Analyst is a key member of the Digital & IT team, helping drive a culture of cybersecurity, improve risk posture, and enhance user-focused security practices across the enterprise.This individual will serve as a backup to the Security Engineer(s), assisting with incident response, employee support, and cybersecurity projects. They will lead efforts to improve employee cybersecurity awareness, champion a Zero Trust approach to access and identity management, and help ensure business continuity and disaster recovery plans are in place, tested, and improved over time.This role blends hands-on technical support with program management and education, making it ideal for someone who is both people-oriented and detail-driven.

Responsibilities

Essential Job Functions ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย 

Security Operations Support

  • Act as a secondary resource for daily security monitoring, incident response, and vulnerability remediation.
  • Assist in configuring and managing tools related to endpoint protection, logging, email security, and access control.
  • Help execute security-related projects, such as patching programs, encryption rollouts, and policy enforcement.

Access Management & Zero Trust Initiatives

  • Help assess and improve identity and access management practices across systems.
  • Partner with IT teams to implement role-based access controls and Just-In-Time access principles.
  • Lead projects and process design supporting Zero Trust architecture, especially for remote access and SaaS tools.
  • Participate in account reviews and privilege audits to ensure appropriate access levels.

Cybersecurity Awareness & Culture

  • Develop and lead training and awareness campaigns to reduce employee-related cyber risk.
  • Manage phishing simulation programs and track effectiveness.
  • Deliver cybersecurity onboarding for new employees and ongoing training for all staff.
  • Serve as the go-to contact for employee questions related to phishing, passwords, or safe technology use.

Risk Management & Resilience

  • Own the development and maintenance of Business Continuity and Disaster Recovery plans.
  • Facilitate tabletop exercises and capture lessons learned to enhance resilience.
  • Collaborate with IT and business leaders to identify and reduce operational risk.
  • Contribute to regulatory, insurance, and customer security documentation as needed.

Governance, Policy, and Metrics

  • Assist in drafting and maintaining cybersecurity policies and procedures.
  • Track and report on training compliance, incidents, and risk KPIs.
  • Stay current on emerging cyber threats and security trends, providing proactive recommendations.
  • Coordinate with external vendors (e.g., MDR, IAM, phishing) and internal teams to support tool effectiveness and projects.
Qualifications

Minimum Requirements, Education & Experience (incl. KSA's and certifications)

  • Bachelor's degree in Cybersecurity, Information Technology, or a related field
  • 2+ years in IT or cybersecurity roles, ideally with experience in user support, IAM, or risk management
  • Excellent communication and teaching skills; comfortable presenting to technical and non-technical audiences
  • Familiarity with Zero Trust concepts and tools (e.g., MFA, identity providers, conditional access)
  • Working knowledge of phishing, endpoint protection, and threat mitigation techniques
  • Strong organizational and documentation skills

Desirable Criteria & Qualifications

  • Security certifications (e.g., Security+, SSAP, GSEC, or similar)
  • Experience with identity & access management tools (e.g., Azure AD, Okta, Duo, etc.)
  • Experience managing phishing simulation platforms (Mimecast, KnowBe4)
  • Familiarity with business continuity planning and disaster recovery best practices
  • Experience conducting or facilitating tabletop exercises
  • Exposure to NIST, ISO 27001, or CIS Controls frameworks
  • Manufacturing, regulated industry, or multi-site IT experience

#LI-JW1

Pay RangeUSD $60,800.00 - USD $91,200.00 /Yr.Pay Range Details

This pay range reflects the base hourly rate or annual salary for positions within this job grade, based on our market-based pay structures. Actual compensation will depend on factors such as skills, relevant experience, education, internal equity, business needs, and local market conditions. While the full hiring range is shared for transparency, offers are rarely made at the minimum or maximum of the range.

Company Benefits

All Employees:

Our 401k retirement savings plan with a company match contribution; onsite health clinics, discretionary holiday bonus program (based on years of service), Cretex University, 24/7 employee assistance program with access to five confidential visits with a licensed counselor at no cost, wellness program with incentives, an employee death benefit, and employee sick and safe leave are available to all Cretex employees.ย 

20+hours:

Cretex's medical benefit package includes: comprehensive medical insurance with access to virtual providers; dental insurance (Little Partners Dental benefit covers services 100 percent for children 12 and younger when seen by a Health Partners in network provider); vision insurance; a pre-tax health savings account, healthcare and dependent care pre-tax reimbursement accounts; paid holidays, paid time off; and our discretionary profit sharing program are available to employees working 20+ hours/week.ย 

30+ hours:

Parental Leave, accident and critical illness benefits, optional employee, spouse, and child life; short and long term disability; company provided life insurance; and tuition assistance programs are available to employees working 30+ hours per week.ย 

(Some benefits are subject to eligibility criteria.)

Applicants will receive consideration for employment regardless of their race, color, creed, religion, national origin, sex, sexual orientation, gender identity, disability, age, veteran status, marital status, family status, status with regard to public assistance, or any other protected status as required by law.ย ย 

Our company uses E-Verify to confirm the employment and eligibility of all newly hired employees. To learn more about E-Verify, including your rights and responsibilities, please visit www.dhs.gov/E-Verify.

Employment Type: FULL_TIME