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

The role is responsible for managing day-to-day revenue cycle operations to ensure accurate, timely ... Collaboration with accounting and compliance to support financial accuracy and risk mitigation.

Manager of Revenue Cycle

Winona, MN · On-site

$60K - $75K/hr

The role is responsible for managing day-to-day revenue cycle operations to ensure accurate, timely ... Collaboration with accounting and compliance to support financial accuracy and risk mitigation.

Supports operational activities (e.g. inventory management, escalated service requests, following ... Follows through on risk and compliance processes and policies to ensure we safeguard our customers ...

Supports operational activities (e.g. inventory management, escalated service requests, following ... Follows through on risk and compliance processes and policies to ensure we safeguard our customers ...

Ensures the insurance products meet the needs of the client's operation. * Reviews coverage ... Effectively communicates risk management strategies that can be achieved through products to meet ...

Ensures the insurance products meet the needs of the client's operation. * Reviews coverage ... Effectively communicates risk management strategies that can be achieved through products to meet ...

Ensures the insurance products meet the needs of the client's operation. * Reviews coverage ... Effectively communicates risk management strategies that can be achieved through products to meet ...

Ensures the insurance products meet the needs of the client's operation. * Reviews coverage ... Effectively communicates risk management strategies that can be achieved through products to meet ...

Evaluates operations and seeks opportunities to continuously improve processes and services ... risk. Follow up with associates and leaders with coaching and accountability as appropriate.

Evaluates operations and seeks opportunities to continuously improve processes and services ... risk. Follow up with associates and leaders with coaching and accountability as appropriate.

Retail Store Manager

Onalaska, WI · On-site

$55K - $115K/yr

Evaluates operations and seeks opportunities to continuously improve processes and services ... risk. Follow up with associates and leaders with coaching and accountability as appropriate.

Evaluates operations and seeks opportunities to continuously improve processes and services ... risk. Follow up with associates and leaders with coaching and accountability as appropriate.

Evaluates operations and seeks opportunities to continuously improve processes and services ... risk. Follow up with associates and leaders with coaching and accountability as appropriate.

Evaluates operations and seeks opportunities to continuously improve processes and services ... risk. Follow up with associates and leaders with coaching and accountability as appropriate.

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Operational Risk Manager information

See Winona, MN salary details

$45.6K

$117K

$229.8K

How much do operational risk manager jobs pay per year?

As of Jun 13, 2026, the average yearly pay for operational risk manager in Winona, MN is $117,023.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,300.00 and $154,100.00 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.
What cities near Winona, MN are hiring for Operational Risk Manager jobs? Cities near Winona, MN with the most Operational Risk Manager job openings:
Infographic showing various Operational Risk Manager job openings in Winona, MN as of June 2026, with employment types broken down into 83% Full Time, and 17% Part Time. Highlights an 92% In-person, and 8% Remote job distribution, with an average salary of $117,023 per year, or $56.3 per hour.
Manager of Revenue Cycle

Manager of Revenue Cycle

Winona Health

Winona, MN • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 9 days ago


Winona Health rating

5.9

Company rating: 5.9 out of 10

Based on 13 frontline employees who took The Breakroom Quiz

840th of 999 rated hospitals


Job description

Winona Health Services
Business Services
Manager of Revenue Cycle
(1.0 FTE), 80 hours a pay period
Days, 7:30am-4:00pm, Monday-Friday, though some flexibility may be needed
Weekends: None
Holidays: None
On-Call: Need to be available for caregivers that report to this role
Position Overview:
The Manager of Revenue Cycle assists the Director of Revenue Cycle in providing guidance, oversight for the business office functions and reimbursement support for revenue-producing departments within the organization to achieve performance goals. The role is responsible for managing day-to-day revenue cycle operations to ensure accurate, timely, and compliant workflows that support optimal cash flow, financial integrity, and enhance the patient experience.
The Manager of Revenue Cycle role encompasses multiple functional areas within the revenue cycle. While the core leadership responsibilities and competencies are consistent, specific areas of operational focus may vary. The role is organized into three primary functional management areas, each with distinct operational accountability, as outlined below.
The hiring for this position will be for the primary focus of: Manager of Revenue Cycle-Customer Services (Registration, Eligibility, Collections & Patient Experience) but not limited to and may include the other functional areas of responsibility at times.
Functional Areas of Responsibility
Manager of Revenue Cycle - Billing & Contract Management
  • This functional role provides leadership and oversight for billing and reimbursement operations across WHS and WSS, as well as payer contract management. Key responsibilities include:
  • Oversight of charge capture, billing, and reimbursement processes for assigned entities and service lines.
  • Manages payer contract loading, maintenance, and monitoring to ensure accurate reimbursement and compliance with contract terms.
  • Collaboration with Information Systems and Accounting to ensure billing systems, fee schedules, and contract configurations are accurate and up to date.
  • Identification and resolution of complex billing issues, payer denials, and reimbursement variances.
  • Monitoring contract performance and supporting leadership with reimbursement and payer strategy insights.

Manager of Revenue Cycle - Cash Posting, Reconciliation & Credit Balances
  • This functional role provides leadership for all cash application, reconciliation, banking updates, and credit balance activity. Key responsibilities include:
  • Oversight of daily cash posting for all payment sources, including insurance, patient payments, electronic funds, lockbox, and point-of-service collections.
  • Ensures accurate reconciliation between bank deposits, billing systems, and general ledger activity.
  • Management of credit balance identification, research, resolution, and patient or payer refunds in compliance with regulatory and organizational policy.
  • Oversight of banking information maintenance and internal controls related to cash handling and posting accuracy.
  • Collaboration with accounting and compliance to support financial accuracy and risk mitigation.

Manager of Revenue Cycle - Customer Services (Registration, Eligibility, Collections & Patient Experience)
  • This functional role provides leadership for front-end and patient-facing revenue cycle operations. Key responsibilities include:
  • Oversight of registration, eligibility and benefits verification, point-of-service collections, patient collections, and customer service operations.
  • Ensuring accurate front-end data capture to support downstream billing, reimbursement, and compliance.
  • Management of patient financial communications, service recovery, and escalation of complex or sensitive concerns.
  • Monitoring adherence to standard work and leading process improvements that balance financial performance with patient experience.
  • Collaboration with clinical and operational leaders to align access, registration, and financial workflows.

Essential Duties & Responsibilities:
Across all functional areas, the Manager of Revenue Cycle:
  • Ensures timely and accurate charge entry, billing, cash posting, and reconciliation for assigned functions.
  • Drives process improvement initiatives related to revenue cycle performance in collaboration with leadership.
  • Coordinates audits and monitoring activities to promote compliance, standard work adherence, and process improvement.
  • Manages human resource functions including staffing, timekeeping, role summary reviews, performance coaching, and corrective action.
  • Works with the Director of Revenue Cycle on departmental planning, performance monitoring, and operational prioritization.
  • Manages and responds to patient complaints and feedback and feedback from internal stakeholders. This includes direct communication with patients and families regarding billing and financial processes.
  • Coordinates with management and finance staff on special adjustments, write-offs, high-dollar accounts, and escalated issues.
  • Provides coverage and support for peer Managers of Revenue Cycle.
  • Performs other duties as assigned.

Supervisory Responsibilities:
Direct reports may include positions aligned to the assigned functional area(s) of responsibility, such as:
  • Billing, reimbursement, or float support roles
  • Cash posting and reconciliation staff
  • Registration, eligibility, collections, or customer service staff

Skills and Experience:
Required:
  • Bachelor's Degree in Accounting, Finance, Healthcare administration, Business Administration or related field
  • 5+ years of clinic and/or hospital supervisory experience
  • Advanced analytical skills to identify revenue leakage and develop strategies for improvement
  • Certified Revenue Cycle Representative (CRCR) or Certified Revenue Cycle Professional (CRCP)
  • Advanced proficiency with Microsoft applications which may include Outlook, Word, Excel, Team and other web-based applications
  • Ability to communicate to explain complex information effectively, in writing and in person, to all levels of staff, management and external customers across functional areas
  • Ability to lead operational initiatives to meet or exceed customer service standards

Preferred:
• Previous supervisory/management experience is preferred
Summary of Benefits at Winona Health:
At Winona Health, we are dedicated to offering a comprehensive and affordable benefits package for our employees and their families. While benefits may vary based on employment classification and job status, the following key benefits are available:
Health Insurance: Options for medical, dental, and vision coverage, as well as mental health support and wellness incentives
Income Protection: Short and long-term disability, plus additional benefits like accident, critical illness, hospital indemnity, legal assistance, and identity protection plans
Retirement Planning: Access to a 403(b) retirement plan with employer contributions once eligibility requirements are met
Work/Life Balance: Flexible scheduling, paid time off, and earned sick time to support personal well-being
Education & Development: Paid training, tuition reimbursement, scholarships, and sponsored seminars to foster both personal and professional growth
Employee Discounts: Special offers with local businesses, including the YMCA and cell phone providers
For more details or specific information, visit our website or contact Human Resources
Internal Applicant Policy:
It is the policy of Winona Health to work with employees in an equitable fashion regarding promotions, transfers and position reclassifications.
Any employee wishing to apply for another available position at Winona Health must submit an application for consideration through the internal application portal. Employees requesting to change positions should have successfully completed at least six (6) months in their current position. Employees currently in the formal disciplinary process may be required to meet with the Director of Human Resources to determine eligibility to request transfer. The employee's past performance, experience, training and qualifications will be considered in transfer/hiring decisions. Consideration for transfer or promotion is not a guarantee of transfer or promotion. Employees may be given a chance to interview for a position when they meet the minimum position qualifications.
Disclaimer:
Winona Health is an equal opportunity employer. Winona Health does not refuse to hire, discharge, or discriminate against a person with respect to tenure, compensation, terms, upgrading, conditions, facilities, or privileges of employment because of race, color, creed, religion, sex, age, national origin, marital status, genetic information, status with regard to public assistance, membership in a local discrimination commission, sexual orientation, disability, veteran status, or any other prohibited basis of discrimination under applicable local, state, or federal law. Winona Health does not tolerate retaliation against any employee, patient/resident, physician, or other individuals pursuing concerns regarding Civil Rights issues. Winona Health adheres to ALL pertinent governmental policies and legislation including the Civil Rights Act of 1964, Title VII, as amended, and the Minnesota Human Rights Act.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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