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Operational Risk Jobs in Minneapolis, MN (NOW HIRING)

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

Maple Grove, MN · On-site

$150K/yr

... operations and corporate partners - Manage insurance program renewals, administration, and document ... risk management strategies impact the organization - Implement solutions without creating ...

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 ...

Advise on opportunities for process improvement and operational risk reduction. * Payments Experience: * Analyze, improve, and monitor payment channels such as digital, card, check, and ACH/wire ...

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Showing results 1-20

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 Jun 13, 2026, the average yearly pay for operational risk in Minneapolis, MN is $89,609.00, 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 a job context 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 often involves implementing controls, training, and monitoring to ensure smooth operations.

How much do risk analysts get paid?

Risk analysts typically earn a median annual salary of around $70,000 to $90,000, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn over $100,000 annually.

Is operational risk management a good career?

Operational risk management is a valuable career path in finance and banking, focusing on identifying and mitigating risks related to daily business operations. It requires strong analytical skills, knowledge of risk frameworks, and often certifications like FRM or ORM. The role offers opportunities for advancement and stability in regulated industries.

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, which can offer 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 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.

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 June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $89,609 per year, or $43.1 per hour.
Risk Engineering Consultant or Senior Risk Engineering Consultant -Construction Casualty

Risk Engineering Consultant or Senior Risk Engineering Consultant -Construction Casualty

Zurich Insurance Company Ltd.

Minneapolis, MN • On-site, Remote

$79K - $130K/yr

Full-time

Posted 2 days ago


Job description

Zurich is currently looking for a Construction Risk Engineer Consultant for the Casualty Lines of Business. This is a Minnesota based remote role supporting the upper Midwest region. Ideal location includes Minneapolis and surrounding areas.  The position includes a company car, with expected travel of 30% to 50% and overnight travel of 20% to 30% of your time depending on business needs. This role could be filled at either a Risk Engineering Consultant or at the Sr. Risk Engineering Consultant level, this will be at the manager’s discretion.

As a Construction Risk Engineering Consultant, you will be responsible for:

  • Apply Zurich risk engineering solutions to construction customers to help reduce losses and improve risk management outcomes.
  • Leverage Zurich’s risk engineering tools and services to improve customer risk and general account management of customers who purchase Zurich Construction Insurance products such as: Workers Compensation, General Liability and Auto Liability.
  • Deliver high-quality consultative services, including exposure identification, evaluation of risk control gaps, and development of practical risk mitigation recommendations.
  • Develop and maintain positive customer and business partner relationships, collaborating to create appropriate service plans.
  • Partner with Construction Underwriting to evaluate and assess existing and prospective customers.
  • Identify opportunities to provide fee-based services that support customer risk mitigation and performance improvement efforts.
  • Develop and deliver advanced presentations and risk management training for customers and internal business partners.
  • Providing appropriate risk improvement advice, conduct loss investigations (including both trend and root cause analysis), and implementing risk improvement programs.
  • Assist customers with corporate and project specific safety plans, QA/QC programs, construction defect investigations when applicable, building envelope reviews, and moisture mitigation strategies.
  • Actively participate and engage in local construction industry associations.

Final candidates will also be subject to a Motor Vehicle record background check, because this position will include a company car.

Basic Qualifications:

Risk Engineering Consultant:

  • Bachelors Degree and 3 or more years of experience in the Risk Engineering area
    OR
  • High School Diploma or Equivalent and 5 or more years of experience in the Risk Engineering area
    OR
  • Zurich Certified Apprentice, including an Associates degree and 3 or more years of experience in the Risk Engineering area
    AND
  • Experience working in a team environment
  • Relevant experience in the assessment of risk, based on what is required by LOB specific competency standards

OR

Senior Risk Engineering Consultant:

  • Bachelors Degree and 6 or more years of experience in the Risk Engineering, Safety/ Risk Management, Construction Field Operations, Engineering or relatable field.
    OR
  • High School Diploma or Equivalent and 8 or more years of experience in the Risk Engineering, Safety/ Risk Management, Construction Field Operations, Engineering or relatable field.
    OR
  • Zurich Certified Apprentice, including an Associates degree and 6 or more years of experience in the Risk Engineering, Safety/ Risk Management, Construction Field Operations, Engineering, or relatable field.
    AND
  • Experience working in a team environment

Preferred Qualifications:

  • Advanced knowledge of construction safety, operations, quality management, and associated risks, exposures and controls.
  • Experience with large commercial construction, data center construction, and regulated or non-regulated fleets.
  • Strong technical writing and presentation skills for customer-facing and internal work products.
  • Excellent interpersonal, communication, and consulting skills with the ability to engage effectively at both corporate and project site levels.
  • Have a high level of computer literacy and be proficient in Microsoft Office, including Copilot, and mobile IOS devices.
  • Professional certifications: CHST, ASP, CSP, CRIS, ARM
  • Relevant experience as a corporate safety professional, site safety leader, project manager, or superintendent with safety responsibilities.
  • Demonstrated leadership and involvement in professional, community, or public service activities.
  • Willingness to embrace Zurich Basics, including our values of integrity, sustainability, customer centricity, excellence, and teamwork.

Your pay at Zurich is based on your role, location, skills, and experience. We follow local laws to ensure fair compensation. You may also be eligible for bonuses and merit increases. If your expectations are above the listed range, we still encourage you to apply—your unique background matters to us. The pay range shown is a national average and may vary by location. The combined salary range for this position is $79,600.00 - $172,300.00. The proposed salary range for the Risk Engineering Consultant is $79,600.00 - $130,300.00, with short-term incentive bonus eligibility set at 10%. The proposed salary range for the Senior Risk Engineering Consultant is $105,200.00 - $172,300.00, with short-term incentive bonus eligibility set at 15%. 

We offer competitive pay and comprehensive benefits for employees and their families. [Learn more about Total Rewards here.]

 

Why Zurich?

At Zurich, we value your ideas and experience. We offer growth, inclusion, and a supportive environment—so you can help shape the future of insurance. Zurich North America is a leader in risk management, with over 150 years of expertise and coverage across 25+ industries, including 90% of the Fortune 500®.

Join us for a brighter future—for yourself and our customers.

Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. Equal Opportunity Employer disability/vets.

Zurich complies with 18 U.S. Code § 1033.

 

Please note: Zurich does not accept unsolicited CVs from agencies. Preferred vendors should use our Recruiting Agency Portal.

Location(s): AM - Minnesota Virtual Office, AM - Minneapolis
Remote Working: Yes
Schedule: Full Time
Employment Sponsorship Offered: No  
Linkedin Recruiter Tag: #LI-RA1 #LI-ASSOCIATE #LI-REMOTE