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Operational Risk Manager Jobs in Minnesota (NOW HIRING)

Donaldson Company, Inc.

Risk Manager

Bloomington, MN · On-site

$93K - $122K/yr

  • Medical

  • Retirement

The position requires a detail-oriented professional who can effectively collaborate across functions-including HR, EHS, Finance, Legal, and Operations-to drive claim outcomes, manage risk, and ...

Threadneedle group

1st Line Senior Risk Manager

Minneapolis, MN · On-site

$115 - $157/hr

  • Medical

  • Dental

  • Life

  • Retirement

  • PTO

Provide operational risk and controls thought leadership and expertise to the business unit. Lead the development of risk management strategies that drive identification, quantification and ...

Old National Bank

Business Risk Analyst

Saint Louis Park, MN · On-site

$44K - $84K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

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 ...

Ameriprise Financial

Manager Technology Risk

Minneapolis, MN

$100K - $137K/yr

  • Medical

  • Dental

  • Life

  • Retirement

  • PTO

Support the implementation of Operational Risk Management (ORM) methodology and requirements across assigned business unit, in agreement with the overall ORM framework * Support and creditability ...

Ameriprise Financial

Manager Technology Risk

Minneapolis, MN · On-site

$100K - $137K/yr

  • Medical

  • Dental

  • Life

  • Retirement

  • PTO

Support the implementation of Operational Risk Management (ORM) methodology and requirements across assigned business unit, in agreement with the overall ORM framework * Support and creditability ...

Old National Bank

Business Risk Analyst

Saint Louis Park, MN · On-site

$44K - $84K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

The ideal candidate for the Business Risk Analyst role will have an understanding of processes in ... Management of Operational Losses under $10k including appropriate reclassification * Issues ...

U.S. Bank

Risk Manager - Institutional Services

Minneapolis, MN · On-site

$105 - $124/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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

Us Bank

Risk Manager - Institutional Services

Minneapolis, MN · On-site

$105 - $124/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Considerable understanding of the business line's operations, products/services, systems, and ... Risk/Compliance/Audit competencies * Strong analytical, process facilitation and project management ...

US Bank

Risk Manager - Institutional Services

Minneapolis, MN · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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

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Showing results 21-40

All JobsOperational Risk JobsOperational Risk Manager JobsOperational Risk Manager Jobs in Minnesota

Operational Risk Manager information

See Minnesota salary details

$46K

$118.2K

$232.1K

How much do operational risk manager jobs pay per year?

As of Aug 19, 2026, the average yearly pay for operational risk manager in Minnesota is $118,220.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,000.00 and $155,700.00 per year, depending on experience, location, and employer.

What does an operational risk manager do?

An operational risk manager works to identify and limit the risk associated with a company’s operations. As an operational risk manager, your responsibilities involve assessing business operations, identifying issues, and creating reports on your findings. You then help develop policies and implement changes to lessen operational risks. Other duties include continually monitoring the business to find potential new threats and ensuring company compliance with laws and regulations.

What are the key skills and qualifications needed to thrive as an operational risk manager, and why are they important?

To thrive as an Operational Risk Manager, you need a solid understanding of risk assessment, regulatory compliance, and internal controls, typically supported by a degree in finance, business, or a related field. Familiarity with risk management frameworks, GRC (governance, risk, and compliance) systems, and certifications such as FRM or ORM are highly valued. Strong analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These competencies are crucial for identifying, mitigating, and communicating operational risks, ensuring organizational stability and regulatory adherence.

What are some common challenges faced by operational risk managers in maintaining effective risk controls across different departments?

Operational Risk Managers often encounter challenges in ensuring consistent risk controls due to varying processes, priorities, and risk appetites across departments. Communication gaps and resistance to change can make it difficult to implement standardized procedures. Successfully overcoming these challenges involves building strong cross-functional relationships, conducting regular training, and fostering a risk-aware culture to ensure alignment on risk management practices throughout the organization.

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

AspectOperational Risk ManagerRisk Analyst
CertificationsCFA, FRM, or similarCFA, FRM, or similar
Work EnvironmentFinancial institutions, banks, insurance companiesFinancial firms, consulting, corporate risk teams
ResponsibilitiesIdentify, assess, and mitigate operational risks; develop risk frameworksAnalyze risk data, support risk assessments, prepare reports

The Operational Risk Manager focuses on managing and mitigating operational risks within organizations, often holding certifications like CFA or FRM. In contrast, Risk Analysts primarily analyze risk data and support risk management processes. Both roles are vital in financial sectors and share similar credentials, but the Operational Risk Manager has a broader responsibility for risk mitigation strategies.

More about Operational Risk Manager jobs

What are popular job titles related to Operational Risk Manager jobs in Minnesota?

For Operational Risk Manager jobs in Minnesota, the most frequently searched job titles are:

What job categories do people searching Operational Risk Manager jobs in Minnesota look for?

The top searched job categories for Operational Risk Manager jobs in Minnesota are:

What cities in Minnesota are hiring for Operational Risk Manager jobs?

Cities in Minnesota with the most Operational Risk Manager job openings:

Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Minnesota as of August 2026, with employment types broken down into 95% Full Time, and 5% Part Time. Highlights an 95% In-person, and 5% Hybrid job distribution, with an average salary of $118,220 per year, or $56.8 per hour.

Risk Manager

Donaldson Company, Inc.

Bloomington, MN • On-site

$93K - $122K/yr

Full-time

Medical, Retirement

Re-posted 16 days ago

Job description

Donaldson is committed to solving the world's most complex filtration challenges. Together, we make cool things. As an established technology and innovation leader, we are continuously evolving to meet the filtration needs of our changing world. Join a culture of collaboration and innovation that matters and a chance to learn, effect change, and make meaningful contributions at work and in communities.
Position Summary:
The Risk Manager partners closely with the Director of Risk Management to support the administration and continuous improvement of the Company's global risk management and insurance programs. This role plays a key part in protecting the organization's assets through a strong focus on workers' compensation claims management within a high-deductible program and property loss prevention through coordination with FM Global engineering resources.
The position requires a detail-oriented professional who can effectively collaborate across functions-including HR, EHS, Finance, Legal, and Operations-to drive claim outcomes, manage risk, and support strategic initiatives. Qualified candidates must be able to work a hybrid schedule at our Bloomington, MN office/facility.
Role Responsibilities:
Workers' Compensation Claims Management
  • Lead day-to-day oversight of workers' compensation claims within a high-deductible program
  • Manage the third-party administrator (TPA) to drive claim strategy, reserve adequacy, and timely resolution
  • Conduct regular claim reviews, with a focus on large, complex, or litigated claims
  • Collaborate with key stakeholders on return-to-work planning, accommodations, and claim resolution strategies
  • Monitor and report claim trends, identify loss drivers, and recommend actionable improvements
  • Support litigation management, including coordination with defense counsel and internal stakeholders

FM Global Engineering & Property Risk Management
  • Coordinate with FM Global and partner with internal stakeholders to lead property risk engineering and loss prevention initiatives
  • Manage FM engineering visits, track and prioritize recommendations to ensure timely execution by facility teams, report follow-up activities, and monitor progress

Insurance Program Administration
  • Support the placement and renewal of global property and casualty insurance programs
  • Assist with exposure data collection, underwriting submissions, and program analysis
  • Manage certificates of insurance, policy documentation, and related compliance activities
  • Coordinate with brokers and insurers to address coverage questions and policy administration
  • Support M&A due diligence and insurance program integration
  • Review contractual insurance requirements for alignment with risk management standards

Claims Management (General Liability, Auto, Property)
  • Support the management of general liability, auto liability, and property claims as needed
  • Assist with claim reporting, investigation coordination, and coverage analysis
  • Partner with internal stakeholders and external partners to facilitate efficient claim resolution

Analytics & Reporting
  • Analyze and report claims, exposure, and loss prevention data to identify trends and inform risk management strategy
  • Develop and maintain reports and dashboards related to claims performance and risk metrics
  • Support budgeting, accruals, and total cost of risk analysis

Minimum Qualifications:
  • Bachelor's degree
  • 8+ years of experience in risk management, insurance, or claims administration

Preferred Qualifications:
  • Strong knowledge of workers' compensation claims handling practices
  • Experience managing workers' compensation programs in a high-deductible or self-insured environment
  • Experience working with third-party administrators (TPAs) and conducting claim reviews
  • Familiarity with FM Global or similar property risk engineering carriers
  • Professional designations such as ARM, CPCU, or similar
  • Excellent analytical, organizational, and communication skills
  • Ability to manage multiple priorities and work effectively across functions

Relocation: This position is not eligible for relocation assistance.
Annual Salary Range: $93,800 - 122,000. Actual salaries will vary based on several factors including, but not limited to applicable work experience, training, education, performance. Based on work location, geographic adjustment is included.
This position is eligible for sales incentive or commission plan, based on sales targets under company policy.
Employee benefits are part of the competitive total rewards package that Donaldson Company, Inc. provides to you. Our comprehensive benefits program includes health benefits, retirement plan (401k), paid time away, paid leaves (including paid parental leave) and more.
Immigration Sponsorship Not Available:
  • Applicants for this position must be currently and legally authorized to work in the United States without the need for current or future sponsorship (e.g., H-1B, J-1, F-1, CPT, OPT, etc.).
  • Donaldson will not offer immigration sponsorship or assume sponsorship of an employment visa for this position.
  • International relocation or remote work arrangements outside of the U.S. will not be considered.

Keywords: Risk Management, Continuous Improvement, Loss Prevention, Workers Compensation, Claims
#LI-Hybrid - for hybrid roles
Equal Opportunity Employer, including Disability and Veterans
Employment opportunities for positions in the United States may require use of information which is subject to the export control regulations of the United States. Hiring decisions for such positions are required by law to be made in compliance with these regulations. Applicants for employment opportunities in other countries must be able to meet the comparable export control requirements of that country and of the United States.
Donaldson Company has been made aware that there are several recruiting scams that are targeting job seekers. These scams have attempted to solicit money for job applications and/or collect confidential information, Donaldson will never solicit money during the application or recruiting process. Donaldson only accepts online applications through our Careers | Donaldson Company, Inc. website and any communication from a Donaldson recruiter would be sent using a donaldson.com email address. If you have any questions about the legitimacy of an employment opportunity, please reach out to talentacquisition@donaldson.com to verify that the communication is from Donaldson.
Our policy is to provide equal employment opportunities to all qualified persons without regard to race, gender, color, disability, national origin, age, religion, union affiliation, sexual orientation, veteran status, citizenship, gender identity and/or expression, or other status protected by law.

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