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Operational Risk Manager Jobs in Minneapolis, MN

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Operational Risk Manager information

See Minneapolis, MN salary details

$49.1K

$126K

$247.4K

How much do operational risk manager jobs pay per year?

As of Sep 9, 2026, the average yearly pay for operational risk manager in Minneapolis, MN is $126,006.00, according to ZipRecruiter salary data. Most workers in this role earn between $76,700.00 and $166,000.00 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 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 the most commonly searched types of Operational Risk jobs in Minneapolis, MN?

The most popular types of Operational Risk jobs in Minneapolis, MN are:

What are popular job titles related to Operational Risk Manager jobs in Minneapolis, MN?

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

What job categories do people searching Operational Risk Manager jobs in Minneapolis, MN look for?

The top searched job categories for Operational Risk Manager jobs in Minneapolis, MN are:

What cities near Minneapolis, MN are hiring for Operational Risk Manager jobs?

Cities near Minneapolis, MN with the most Operational Risk Manager job openings:

Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Minneapolis, MN as of August 2026, with employment types broken down into 86% Full Time, 12% Part Time, and 2% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $125,992 per year, or $60.6 per hour.

Third Party Risk Management Director (Hybrid)

Saint Paul, MN • Hybrid

Securian Financial
Finance and Insurance • 5 - 10K employees
Learn more about Securian Financialexternal

$116K - $217K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 27 days ago

Securian Financial rating

8.7

Company rating: 8.7 out of 10

Based on 20 frontline employees who took The Breakroom Quiz

Job description

***At Securian, the internal job title is Risk Management Consulting Director.

Position Summary

TheThird PartyRisk Management (TPRM) Director is accountable for leading and transforming the enterprise TPRM program to effectively manage risk across the full thirdparty lifecycle. This role serves as a central leader across the organization, ensuring thirdparty risk practices are consistent, scalable, and aligned with businessobjectivesand risk appetite.
Operating as a strategic partnertoProcurement, Law & Compliance, Cybersecurity, Enterprise Technology, and business leadership, the TPRM Director enables informed decisionmaking and resilient growth. Through strong governance, crossfunctional collaboration, and program excellence, this leader ensures thirdparty risk management is both protective andenabling forthe enterprise.

Key Responsibilities (includebut are not limited to)

Strategic Leadership & Enterprise Partnership (25%)

  • Define and execute an enterprise TPRM strategy aligned to risk appetite, business priorities, and the evolving external environment

  • Influence senior leaders to drive consistent adoption of TPRM practices and proactive thirdparty risk management across Solution Groups

  • Lead crossfunctional alignment across the thirdparty ecosystem, fostering strong partnerships with Procurement, Compliance, BCM, Cybersecurity, and othersecondlinerisk functions

  • Communicate TPRM program status and risk insights to executive stakeholders, including Risk Council and Executive Leadership Team

Program Transformation & Delivery (30%)

  • Transform the TPRM program operating model, governance, processes, and enabling technology

  • Drive scalability and efficiency improvements across the full thirdparty lifecycle

  • Establish and execute a capability maturity roadmap aligned to industry best practices while managing to a defined program budget

Third Party Risk Oversight & Governance (25%)

  • Provide enterprise oversight of thirdparty risks across operational, cybersecurity, privacy, financial, and regulatory domains

  • Ensure consistent risk tiering, due diligence, ongoing monitoring, and issue remediation practices

  • Maintain audit and regulatory readiness through strong documentation and defensible risk decisions

Talent Development & Team Leadership (20%)

  • Lead and develop a highperforming TPRM team and aligned operational risk resources

  • Establish clear roles, expectations, accountability, and development pathways

  • Foster a culture of collaboration, continuous improvement, and shared ownership of risk

Required Qualifications

  • 12+ years of experience leading Third Party Risk Management or operational risk programs in a complex enterprise environment

  • Demonstrated experience designing and transforming enterprisewide TPRM programs and operating models

  • Strong knowledge of thirdparty risk domains including operational, cybersecurity, privacy, financial, and regulatory risk

  • Proven ability to influence senior leaders and drive crossfunctional alignment

  • Experience managing regulatory expectations, audits, and risk governance structures

Preferred Qualifications

  • Experience in financial services, insurance, or other highly regulated industries

  • Handson experience with TPRM enabling technologies and automation tools

  • Advanced degree or professional risk management certification (e.g., CRMP, CISA, CISSP)

#LI-Hybrid**This position willhave a hybrid working arrangement, workingin-officefor a minimum of3days aweek.**

Securian Financial believes in hybrid work as an integral part of our culture. Associates get the benefit of working both virtually and in our offices. Ifyou'reina commutable distance (90 minutes)you'lljoin us 3 days each week in our offices to collaborate and build relationships. Our policy allows flexibility for the reality of business and personal schedules.

Preferred Skills:

The estimated base pay range for this job is:

$116,600.00 - $217,300.00

Pay may vary depending on job-related factors and individual experience, skills, knowledge, etc. More information on base pay and incentive pay (if applicable) can be discussed with a member of the Securian Financial Talent Acquisition team.

Be you. With us. At Securian Financial, we understand that attracting top talent means offering more than just a job - it means providing a rewarding and fulfilling career. As a valued member of our high-performing team, we want you to connect with your work, your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth, well-being and work-life balance, including the advantages listed here:

Paid time off:

  • We want you to take time off for what matters most to you. Our PTO program provides flexibility for associates to take meaningful time away from work to relax, recharge and spend time doing what's important to them. And Securian Financial rewards associates for their service by providing additional PTO the longer you stay at Securian.

  • Leave programs: Securian's flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.

  • Holidays: Securian provides nine company paid holidays.

Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian's 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.

Health insurance: From the first day of employment, associates and their eligible family members - including spouses, domestic partners and children - are eligible for medical, dental and vision coverage.

Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.

Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including:

  • Mental Wellness and Disability

  • Pride at Securian Financial

  • Securian Young Professionals Network

  • Securian Multicultural Network

  • Securian Women and Allies Network

  • Servicemember Associate Resource Group

For more information regarding Securian's benefits, please review our Benefits page.

This information is not intended to explain all the provisions of coverage available under these plans. In all cases, the plan document dictates coverage and provisions.

Securian Financial Group, Inc. does not discriminate based on race, color, religion, national origin, sex, gender, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by email at Employment@Securian.com, by telephone 651-655-5522 (voice), or 711 (Relay/TTY).

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