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

Deloitte

Payments Fraud Manager 1

Minneapolis, MN

Payments Fraud Manager - Forensic Investigations and Fraud - Financial Services About Deloitte ... Advise on opportunities for process improvement and operational risk reduction. * Payments ...

Medica

Senior Director Risk Adjustment

Minnetonka, MN · On-site

... Risk Adjustment. This role drives sustained improvements in data collection, data processing ... role strengthens operational maturity, reduces rework, and enables proactive management of ...

Anaplan

Third Party Risk Analyst

Minneapolis, MN

You will be responsible for the full lifecycle of third-party risk management, including identifying, assessing, mitigating, and monitoring risks to ensure our programs and business operations remain ...

Vizient

Senior Director, Venture Delivery

Minneapolis, MN · On-site

$135K - $236K/yr

Collaborate deeply with legal, privacy, and compliance teams, embedding operational risk management into product development timelines. * Draft and deliver executive communications (internally and ...

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

Operational Risk Manager information

See Ramsey, MN salary details

$48.8K

$125.3K

$246.1K

How much do operational risk manager jobs pay per year?

As of Jun 13, 2026, the average yearly pay for operational risk manager in Ramsey, MN is $125,328.00, according to ZipRecruiter salary data. Most workers in this role earn between $76,300.00 and $165,100.00 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 Ramsey, MN are hiring for Operational Risk Manager jobs? Cities near Ramsey, MN with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you

Manager, Enterprise Risk Management

LivaNova

Minneapolis, MN

$110K - $150K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 9 days ago

Job description

As a global medtech company, we are driven by our Vision of changing the trajectory of lives for a new day and our Mission to create ingenious solutions that ignite patient turnarounds. Our relentless commitment to patients and strong legacy of innovation in healthcare are the foundation of our future. If you're looking for a new chance, a new beginning, a new trajectory, LivaNova is where your talent can truly thrive. Join our talented team members worldwide to become a pioneer of tomorrow-because at LivaNova, we don't just treat conditions - we aspire to alter the course of lives.

Position Summary:

The Manager, Enterprise Risk Management is responsible for overseeing and coordinating the organization's Enterprise Risk Management (ERM) framework, ensuring effective risk identification, assessment, and mitigation across the enterprise. This role will manage key risk governance processes, business continuity planning, and provide critical support for executive and board-level reporting.

General Responsibilities:

  • Risk Assessment Oversight:

    • Manage the implementation of ERM roadmap milestones to strengthen enterprise risk maturity.

    • Lead risk assessments and facilitate risk workshops with business units.

    • Analyze and consolidate risk data to identify trends and emerging risks.

    • Collaborate with business units to support the development of risk response plans

    • Serve as the system owner for AuditBoard Risk Oversight, ensuring accurate and timely updates of risk and control information.

    • Maintain system integrity and provide user support and training as needed.

  • Business Continuity Management:

    • Manage the business continuity program (BCP).

    • Design and lead regular BCP tests and tabletop exercises.

    • Collaborate with the business to evaluate test results, identify gaps, and implement corrective actions.

    • Ensure plans are practical, effective, and reflect current business operations.

    • Align continuity planning and identified risks with ERM efforts.

  • Crisis Management Support:

    • Partner with the Crisis Management Lead to ensure alignment between crisis response strategies and the BCP.

    • Provide operational support during crisis events and post-incident reviews.

  • Executive and Board Reporting:

  • Communicate risk insights and recommendations to senior stakeholders.

  • Support financial and regulatory reporting requirements related to ERM and business continuity.

  • Prepare ERM-related materials, dashboards, and presentations for the Executive Leadership Team (ELT) and Board of Directors.

Skills and Experience:

  • 5+ years of experience in enterprise risk management, audit, compliance, or related discipline.

  • Strong knowledge of risk frameworks (COSO, COBIT, ISO 31000) and business continuity planning.

  • Proficiency with AuditBoard or similar risk management platforms.

  • Experience preparing reports for executive leadership and boards.

  • Excellent communication and stakeholder management skills.

  • Ability to work independently and manage multiple priorities in a fast-paced environment

  • Strong analytical and problem-solving abilities.

Education:

  • Bachelor's degree in Risk Management, Business Administration, Finance, or related field.

  • Professional certifications (e.g., CRMP, CBCP, CISA) are a plus

Travel Requirements:

  • Occasional travel may be required.

Pay Transparency: A reasonable estimate of the annual base salary for this position is $110,000 - $150,000 + discretionary annual bonus. Pay ranges may vary by location.

Employee benefits include:

  • Health benefits - Medical, Dental, Vision

  • Personal and Vacation Time

  • Retirement & Savings Plan (401K)

  • Employee Stock Purchase Plan

  • Training & Education Assistance

  • Bonus Referral Program

  • Service Awards

  • Employee Recognition Program

  • Flexible Work Schedules

Welcome to impact. Welcome to innovation. Welcome to your new life.

Apply