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Operational Risk Jobs in Minneapolis, MN (NOW HIRING)

Provides both strategic program and operational management to the Family Liaison function with the Family Liaison roles as direct reports. * Primary focus on risk assessment and guidance on all ...

Business Risk Officer, Sr

Lake Elmo, MN · On-site

$81K - $165K/yr

Business Risk Officer, Sr Job Locations US-MN-Lake Elmo | US-MN-St Louis Park Category/Function Operations Position Type Regular Full-Time Requisition ID 2026-19674 Workplace Type On Site Overview ...

Risk Manager

Bloomington, MN · Hybrid

$93K - $122K/yr

The position requires a detail-oriented professional who can effectively collaborate across functions-including HR, EHS, Finance, Legal, and Operations-to drive claim outcomes, manage risk, and ...

Business Risk Officer, Sr

Lake Elmo, MN · On-site

$81K - $165K/yr

The ideal candidate will bring deep expertise across Treasury Management, Payments, Lending, Fulfillment, Operations, and/or Servicing, with proven experience implementing first-line risk and control ...

Risk Manager

Bloomington, MN · On-site

$93K - $122K/yr

The position requires a detail-oriented professional who can effectively collaborate across functions-including HR, EHS, Finance, Legal, and Operations-to drive claim outcomes, manage risk, and ...

Risk Manager

Bloomington, MN · On-site

$93K - $122K/yr

The position requires a detail-oriented professional who can effectively collaborate across functions-including HR, EHS, Finance, Legal, and Operations-to drive claim outcomes, manage risk, and ...

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Operational Risk information

See Minneapolis, MN salary details

$40.7K

$89.6K

$161.8K

How much do operational risk jobs pay per year?

As of Jul 13, 2026, the average yearly pay for operational risk in Minneapolis, MN is $89,599.00, according to ZipRecruiter salary data. Most workers in this role earn between $68,400.00 and $109,100.00 per year, depending on experience, location, and employer.

How does an Operational Risk professional typically interact with other departments within an organization?

Operational Risk professionals work closely with a variety of teams, such as compliance, internal audit, IT, and business units, to identify and assess risks that could impact the organization's operations. They often facilitate risk assessments, lead training sessions on risk awareness, and collaborate on developing controls and mitigation strategies. Building strong relationships and communicating effectively across departments is essential, as much of the role involves influencing others and ensuring risk management practices are integrated into daily operations.

What is operational risk?

Operational risk refers to the potential for losses resulting from inadequate or failed internal processes, people, systems, or external events. Unlike credit or market risk, operational risk is related to the day-to-day operations of a business and can include issues such as fraud, system failures, natural disasters, or human error. Managing operational risk is essential for organizations to ensure business continuity, regulatory compliance, and to protect their reputation and assets.

What are the 4 operational risks?

Operational risk in the context of operational risk roles refers to the potential for loss resulting from inadequate or failed internal processes, people, systems, or external events. The four main types are process risk, people risk, systems risk, and external event risk. Managing these risks involves implementing controls, monitoring, and compliance measures to minimize impact.

What is the highest paying risk management job?

The highest paying risk management roles are often senior positions such as Chief Risk Officer (CRO) or Director of Risk Management, with salaries exceeding $200,000 annually. These roles require extensive experience, advanced certifications like FRM or PRM, and strong leadership skills in overseeing enterprise-wide risk strategies.

What is an operational risk job?

An operational risk job involves identifying, assessing, and managing risks arising from internal processes, people, systems, or external events that could disrupt business operations. Professionals in this field analyze data, develop risk mitigation strategies, and often use tools like risk management software to ensure organizational stability and compliance.

What is the difference between Operational Risk vs Credit Analyst?

AspectOperational RiskCredit Analyst
Required CredentialsCertifications like FRM, PRM often preferredCertifications such as CFA, credit-specific courses
Work EnvironmentBanking, financial institutions, risk management departmentsBanking, lending institutions, financial services
Employer & Industry UsageUsed across financial sectors to manage risksUsed in lending to assess creditworthiness
Comparison Search IntentUnderstanding risk management rolesAssessing credit risk and loan eligibility

Operational Risk focuses on identifying and mitigating risks within business operations, including processes, systems, and people. Credit Analysts evaluate the creditworthiness of individuals or companies to determine loan eligibility. While both roles are within the financial industry, Operational Risk professionals concentrate on risk management frameworks, whereas Credit Analysts focus on credit assessment and lending decisions.

Is risk advisory a good career?

Risk advisory is a viable career path within the broader field of operational risk management, focusing on identifying and mitigating organizational risks. It often requires strong analytical skills, knowledge of industry regulations, and certifications such as FRM or CRM. The role offers opportunities for advancement and specialization in areas like compliance, cybersecurity, and financial risk.

What are the key skills and qualifications needed to thrive as an Operational Risk professional, and why are they important?

To thrive as an Operational Risk professional, you need strong analytical skills, risk assessment expertise, and a background in finance, business, or risk management, often supported by relevant certifications such as FRM or ORM. Familiarity with risk management frameworks, data analysis tools, and governance, risk, and compliance (GRC) systems is typically required. Exceptional communication, attention to detail, and problem-solving abilities are crucial soft skills for identifying risks and collaborating across departments. These skills ensure that operational risks are effectively identified, assessed, and mitigated, protecting the organization from potential losses and regulatory issues.
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 jobs in Minneapolis, MN? For Operational Risk jobs in Minneapolis, MN, the most frequently searched job titles are:
What cities near Minneapolis, MN are hiring for Operational Risk jobs? Cities near Minneapolis, MN with the most Operational Risk job openings:
Infographic showing various Operational Risk job openings in Minneapolis, MN as of July 2026, with employment types broken down into 89% Full Time, 10% Part Time, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $89,599 per year, or $43.1 per hour.
Risk Manager

Risk Manager

Childrens Health Care

Minneapolis, MN • On-site

Other

Medical, Dental, Vision, Retirement

Re-posted 21 days ago


Job description

About Children's Minnesota
Children's Minnesota is one of the largest pediatric health systems in the United States and the only health system in Minnesota to provide care exclusively to children, from before birth through young adulthood. An independent and not-for-profit system since 1924, Children's Minnesota is one system serving kids throughout the Upper Midwest at two free-standing hospitals, nine primary care clinics, multiple specialty clinics and seven rehabilitation sites. As The Kids Experts in our region, Children's Minnesota is regularly ranked by U.S. News & World Report as a top children's hospital. Find us on Facebook @childrensminnesota or on Twitter and Instagram @childrensmn. Please visit childrensMN.org.
Children's Minnesota is proud to be recognized by Modern Healthcare as one of 2023's Top Diversity Leaders. The national honor recognizes the top diverse healthcare executives and organizations influencing public policy, care delivery, and promoting diversity, equity and inclusion in their organizations and the industry.
Department Overview

Proudly serving as Minnesota's children's hospital since 1924, Children's Hospitals and Clinics of Minnesota, is the eighth-largest pediatric health care organization in the U.S. Each year, Children's provides care through nearly 13,000 inpatient visits and more than 200,000 emergency room and other outpatient visits. An independent, not-for-profit health care provider, Children's has 319 staffed hospital beds and services available in all major pediatric specialties: emergency care; newborn and pediatric intensive care; outpatient and inpatient surgery; diagnostic services, including radiology and laboratory; and special programs in the areas of respiratory, cardiology, cancer, premature birth, adolescent development, child abuse, and epilepsy. In addition to our Minneapolis and St. Paul Campuses, Children's also includes Children's West, a pediatric care center in Minnetonka offering same-day surgery as well as diagnostic, rehabilitative, and developmental outpatient services; Children's - Roseville, an outpatient pediatric rehabilitation center; and Children's Clinics - Woodwinds, pediatric specialty clinics at the Woodwinds Health Campus in Woodbury.


Position Summary


This position has organizational wide management responsibilities as a key risk manager for the system This role provides guidance and best practice in the areas of high-risk patient situations including patient and family events, device malfunctions, staff investigations and risk assessments on specific organizational risk exposure. Responsible for the creation and delivery of training, and large group presentations. Day to day resource to clinicians/hospital staff relevant to risk issues. Manages Family Liaison function providing strategic program and process development as well as operational day to day management, including process development, training and incident trends.  This role will also be responsible for assisting with medical device recall, environment of care assessments and general liability claims.

Education:
* Bachelor's Degree in Nursing, Social Work, or other healthcare related field required,

Masters level degree or juris doctorate preferred.
Experience:
*Hospital or Clinic work experience required excellent verbal/written communication skills; ability to work with families of patients with complex psycho social issues; ability to work in a team; excellent computer skills.
* 5-7 years experience in hospital or clinic setting, with staff management experience including process improvement and training development and delivery.
Knowledge/Skills/Abilities:
* Provides both strategic program and operational management to the Family Liaison function with the Family Liaison roles as direct reports.
* Primary focus on risk assessment and guidance on all family issues, complaints, safety/harm cases.
* Provides guidance on all adoption and surrogacy issues within the Children's system.
* Manages risk events involving families, patient safety or harm via connection with Clinical Risk Manager, insurance, claims and outside legal counsel.
* Understands and maintains knowledge of both Federal and State regulations and laws.
* Track and document incidents and prepare trend reporting on incidents.
* Creates and documents all departmental processes.
* Creates and facilitates training for clinical, and family relations staff and departments.
* Work on call, carry pager to provide coverage to various shifts of operation.
* Evaluate and prioritize multiple and often competing demands.
Physical Demands
Please click here to view the Physical Demands
The posted salary represents a market competitive range based on salary survey benchmark data for similar roles in the local or national market. Annual salaries displayed are based on full-time employment (40 standard hrs per week). Annual salaries for part-time positions will be prorated based on the employee's scheduled weekly hours in relation to the full-time standard. When determining individual pay rates, we carefully consider a wide range of factors including but not limited to market indicators for the specific role, the skills, education, training, credentials and experience of the candidate, internal equity and organizational needs.
In addition to your salary, this position may be eligible for medical, dental, vision, retirement, and other fringe benefits. Positions that require night, weekend or on-call work may be eligible for shift differentials or premium pay.
All job offers are contingent upon successful completion of an occupational health assessment, drug screen, background investigation, and compliance with the U.S. Government Form I-9, Employment Eligibility Verification.
Children's Minnesota is proud to be an equal opportunity employer whose staff is representative of its community and considers qualified applicants for open positions without regard to race, color, creed, sex, religion, national origin, sexual orientation, genetic information, gender identity or expression, age, veteran status, disability, pregnancy, citizenship status, or any other characteristic protected under applicable federal, state, or local law.