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

Target

Sr Manager Risk and Controls

Minneapolis, MN · On-site

$95K - $171K/yr

A role in Finance Risk & Controls calls on your risk acumen and Sarbanes-Oxley compliance knowledge ... You will exercise your program management skills to support the end-to-end operations of the SOX ...

Target

Director Risk & Control

Minneapolis, MN

$135K - $243K/yr

... innovative risk management solutions. Championing an adaptive, initiative driven and ... retail operations. As the Director of Risk & Controls , you will shape the future of Target ...

Wells Fargo

Branch Manager North Minneapolis

Medina, MN · On-site

You will balance growth objectives with strong operational risk management to protect customers, employees, and the company. Your onboarding starts with participation in the Branch Manager Readiness ...

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Operational Risk Manager information

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$49.1K

$126K

$247.4K

How much do operational risk manager jobs pay per year?

As of Jul 30, 2026, the average yearly pay for operational risk manager in Zimmerman, MN is $125,983.00, 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 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 is essential for effective risk oversight and compliance.

What does an operational risk manager do?

An operational risk manager identifies, assesses, and monitors risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop strategies to mitigate these risks, ensure compliance with regulations, and often use risk management tools and data analysis to support decision-making.

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 certifications like FRM or ORM enhancing earning potential.

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 three C's of operational risk management?

The three C's of operational risk management are Culture, Controls, and Communication. These elements help organizations identify, assess, and mitigate risks effectively, which is essential for an Operational Risk Manager to ensure operational resilience and compliance. Developing strong controls and fostering a risk-aware culture are key skills in this role.

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.

More about Operational Risk Manager jobs
What cities near Zimmerman, MN are hiring for Operational Risk Manager jobs? Cities near Zimmerman, MN with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you

Sr Manager Risk and Controls

Target

Minneapolis, MN • On-site

$95K - $171K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Target rating

6.6

Company rating: 6.6 out of 10

Based on 6,961 frontline employees who took The Breakroom Quiz

14th of 39 rated national retailers

Job description

The pay range is $95,000.00 - $171,000.00

Pay is based on several factors which vary based on position.These include labor markets and in some instancesmay include education, work experience and certifications. In addition to your pay, Target cares about and invests in you as a team member, so that you can take care of yourself and your family. Target offers eligible team members and their dependents comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more, to help you and your family take care of your whole selves.Other benefits for eligible team members include 401(k), employee discount, short term disability, long term disability, paid sick leave, paid national holidays, and paid vacation.Find competitive benefits from financial and education to well-being and beyond at https://corporate.target.com/careers/benefits.

About us:

Working at Target means helping all families discover the joy of everyday life. We bring that vision tolife through our values and culture.Learn more about Target here.

Right on pace with Target's distinctive retail brand, Target Finance and Accounting are transforming for the better. As so much more than a behind-the-scenes number-cruncher, you will be a truly collaborative partner with a seat at the table. You'll bring your unique point of view, experience and passion for the work to your team and internal clients. Within Finance, you'll enjoy the interesting challenges of the competitive retail space, and you'll have a 360-degree impact-rather than on just one part of the business. You'll see your contributions come to life in virtually every area of this dynamic enterprise. And you'll grow and be challenged in your career while having a healthy balance with life outside of work.

A role in Finance Risk & Controlscalls on your risk acumen and Sarbanes-Oxley compliance knowledge to build a world-class internal control environment. Here, you'll collaborate to assess risk, design controls and provide insights to develop innovative risk management solutions. Championing an adaptive, initiative driven and transformational mindset to cultivate new ideas will be critical to ensuring the success of Target's business initiatives and core retail operations.

As a Senior Manager in Risk & Controls, you will be a leader on a team that builds strong partnerships across Finance & Accounting, Technology, and Enterprise Risk to provide consulting services and guidance on internal controls. You will proactively identify existing and emerging risks, assist with maintaining a comprehensive internal control program for the company, and partner with business teams to develop practical control solutions that support both business objectives and compliance requirements.

You will work closely with business and technology partners throughout significant business and systems transformation initiatives to evaluate risk, improve and evolve internal control documentation (including process maps, risk control matrices, and process narratives), and help ensure the control environment keeps pace with changing processes and technologies. You will apply your knowledge of automated controls, system integrations, data flows, and technology-enabled processes to thoughtfully design controls in a practical way.

You will exercise your program management skills to support the end-to-end operations of the SOX program, make thoughtful recommendations related to system and control scoping, and leverage continuous improvement strategies to strengthen the overall control environment. Success in this role requires sound judgment, the ability to navigate ambiguity, and strong communication skills to translate complex topics into clear, actionable insights. Job duties may change at any time due to business needs.

About you:

  • Four-year degree or equivalent experience, preferably in Accounting or Finance
  • 6+ years internal or external audit and/or internal controls experience
  • Experience in guiding a team through annual SOX audit concepts (e.g., riskassessment/prioritization,process & internal controls, deficiency analysis)
  • Demonstrate strong relationship building, professional judgment, and critical thinking skills (e.g., persuasion, influence, conflict resolution)
  • Direct experience in using process automation and data analytical tools in business processes or controls testing/design
  • Capabilities in assessing IT-related risks in financial business processes, ERP experience preferred
  • Deep knowledge of Sarbanes-Oxley (SOX)
  • Ability to lead a team independently, prioritize work, balance multiple projects and deadlines
  • Commitment to advancing diversity & inclusion initiatives
  • Excellent verbal and written communication skills with a knack for bringing stories to life through thoughtfully curated visualizations or slide decks
  • CPA or similar designation preferred

Benefits Eligibility

Please paste this url into your preferred browser to learn about benefits eligibility for this role: https://tgt.biz/BenefitsForYou_E

Americans with Disabilities Act (ADA)

In compliance with state and federal laws, Target will make reasonable accommodations for applicants with disabilities. If a reasonable accommodation is needed to participate in the job application or interview process, please reach out to candidate.accommodations@HRHelp.Target.com. Non-accommodation-related requests, such as application follow-ups or technical issues, will not be addressed through this channel.

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About Target

Sourced by ZipRecruiter

We're here to help all families discover the joy of everyday life. Target is a general merchandise retailer with stores in all 50 U.S. states and the District of Columbia. 75% of the U.S. population lives within 10 miles of a Target store. We employ 400,000+ Our tagline is "Expect More. Pay Less." We've been using it since 1994! The Target Corporation also owns Shipt and Roundel. More to love! Target is headquartered in Minneapolis, Minnesota, its hometown since the first Target store opened in 1962 under The Dayton Company.

Industry

Retail and scientific research and development services

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

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