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Operational Risk Manager Jobs in Hastings, MN (NOW HIRING)

Huntington

Segment Risk Specialist Sr

Minnetonka, MN · On-site +1

$57K - $113K/yr

Develop and manage dashboards and reporting tools to track key risk indicators and portfolio trends. * Collaborate with Sales, Operations, and Compliance teams to integrate risk insights into ...

Huntington

Segment Risk Specialist Sr

Minnetonka, MN · On-site +1

$57K - $113K/yr

Develop and manage dashboards and reporting tools to track key risk indicators and portfolio trends. * Collaborate with Sales, Operations, and Compliance teams to integrate risk insights into ...

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All JobsOperational Risk Manager JobsOperational Risk Manager Jobs in Hastings, MN

Operational Risk Manager information

See Hastings, MN salary details

$47.9K

$123K

$241.5K

How much do operational risk manager jobs pay per year?

As of Jun 13, 2026, the average yearly pay for operational risk manager in Hastings, MN is $123,016.00, according to ZipRecruiter salary data. Most workers in this role earn between $74,900.00 and $162,000.00 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 4 pillars of operational risk management?

The four pillars of operational risk management are risk identification, risk assessment, risk mitigation, and risk monitoring. An Operational Risk Manager uses these pillars to develop strategies that minimize potential losses from internal processes, people, systems, or external events, often utilizing tools like risk dashboards and frameworks such as Basel II. Mastery of these pillars helps ensure organizational resilience and compliance.

What does an operational risk manager do?

An operational risk manager identifies, assesses, and mitigates risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop risk management frameworks, monitor key risk indicators, and ensure compliance with regulations to protect the organization’s assets and reputation.

Do risk managers make good money?

Operational Risk Managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, the median annual salary ranges from $80,000 to over $130,000, with additional compensation such as bonuses and benefits. Certifications like FRM or ORM can enhance earning potential in this field.

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 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 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.

What are the 5 steps of orm?

In operational risk management (ORM), the five key steps are: identifying risks, assessing their likelihood and impact, implementing controls to mitigate risks, monitoring the effectiveness of these controls, and reviewing and improving the risk management process regularly. These steps help operational risk managers proactively manage potential threats to an organization’s operations.
More about Operational Risk Manager jobs
What cities near Hastings, MN are hiring for Operational Risk Manager jobs? Cities near Hastings, MN with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Hastings, MN as of June 2026, with employment types broken down into 90% Full Time, 9% Part Time, and 1% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $123,016 per year, or $59.1 per hour.
Senior Analyst- Insurance and Risk Financing

Senior Analyst- Insurance and Risk Financing

Ameriprise Financial

Minneapolis, MN • On-site

$76K - $104K/yr

Full-time

Medical, Dental, Life, Retirement, PTO

Posted 27 days ago

Ameriprise rating

8.1

Company rating: 8.1 out of 10

Based on 116 frontline employees who took The Breakroom Quiz

58th of 138 rated financial services

Job description

About Our Company
We're a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Job Description
As part of the Insurance and Risk Financing department, the Senior Risk & Safety Analyst provides enterprise-wide support across insurance, safety, compliance, and risk management functions. This role partners with business units and support functions to strengthen the firm's overall risk profile by supporting corporate risk transfer and risk financing programs, safety and compliance initiatives, and risk mitigation efforts. The position leverages data analytics, reporting, and the Risk Management Information System (RMIS) to help quantify operational risk impacts, manage loss and claims data, and develop insights to inform risk transfer, risk financing and risk mitigation strategies. Additionally, the role supports vendor risk management and contract administration, contributing to informed decision-making, effective risk oversight, and operational efficiency.
Key Responsibilities
  • Assist in the administration of corporate risk transfer and risk financing programs, including captive insurance company operations, insurance renewals, policy management, claims coordination, and exposure data collection.
  • Use data analytics, reporting, and RMIS to help quantify operational risk impacts, analyze loss and claims data, and develop insights that support risk transfer, risk financing, and risk mitigation strategies.
  • Administer and maintain the Risk Management Information System (RMIS) and prepare recurring and ad hoc reports and dashboards for internal stakeholders.
  • Support safety, regulatory, and compliance initiatives, including safety and ergonomics program administration, OSHA compliance requirements, and business continuity and emergency preparedness efforts.
  • Support vendor risk management and contract administration, including documentation, tracking, and invoice processing.
  • Collaborate with internal stakeholders to share risk and claims information and support informed decision-making and risk mitigation efforts.

Required Qualifications
  • Bachelor's degree, preferably in business, accounting or finance
  • 3 - 5 years finance, accounting or insurance/risk management experience, preferably in a corporate environment
  • Financial/analytical reporting skills preferred, including proficiency in Microsoft Office
  • Excellent written & verbal communication skills
  • Ability to coordinate numerous internal & external parties and facilitate functional discussions under pressure
  • Demonstrated ability to prioritize workload and meet deadlines

In-Office Collaboration
We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders - clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.
Visa Sponsorship
Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).
Base Pay Salary
The estimated base salary for this role is $76,300- $104,900/year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Business Support & Operations
Line of Business
FIN Finance
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.
We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.

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About Ameriprise

Sourced by ZipRecruiter

At Ameriprise Financial, we're not just in the business of helping clients with their financial goals - we also help our advisors and employees reach their true potential by embracing an inclusive and collaborative culture. We celebrate the unique qualities and reward the contributions of our talented, passionate employees. If you're motivated and want to work for a strong, ethical company that cares about you and your community, take the next step with Ameriprise Financial.

Industry

Funds, trusts and financial programs

Company size

5,001 - 10,000 Employees

Headquarters location

Minneapolis, MN, US

Year founded

1894

Social media

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