ZipRecruiter

Log In

1

Operational Risk Jobs in Minnetonka, MN (NOW HIRING)

next page

Showing results 1-20

All JobsOperational Risk JobsOperational Risk Jobs in Minnetonka, MN

Operational Risk information

See Minnetonka, MN salary details

$39.8K

$87.5K

$158K

How much do operational risk jobs pay per year?

As of Aug 19, 2026, the average yearly pay for operational risk in Minnetonka, MN is $87,522.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,800.00 and $106,500.00 per year, depending on experience, location, and employer.

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.

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 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 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 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 job categories do people searching Operational Risk jobs in Minnetonka, MN look for?

The top searched job categories for Operational Risk jobs in Minnetonka, MN are:

What cities near Minnetonka, MN are hiring for Operational Risk jobs?

Cities near Minnetonka, MN with the most Operational Risk job openings:

Operational Risk jobs near you
Infographic showing various Operational Risk job openings in Minnetonka, MN as of August 2026, with employment types broken down into 85% Full Time, 14% Part Time, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $87,522 per year, or $42.1 per hour.

Operational Risk Review (ORR) Analyst

US Bank

Minneapolis, MN • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 20 days ago

U.S. Bank rating

8.2

Company rating: 8.2 out of 10

Based on 360 frontline employees who took The Breakroom Quiz

51st of 171 rated banks

Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

U.S. Bank is seeking an Operational Risk Review (ORR) Analyst responsible for executing review, issue validation, project, and data-focused activities within Independent Risk Review and Assessment (IRRA), a centralized second line of defense independent review function. This role supports the continued growth, enhancement, and delivery of IRRA's operational risk review program by contributing to risk-based reviews, issue validations, strategic projects, and data-informed analysis across business lines and enabling functions. ORR provides independent review and effective challenge of the Company's operational risk, inclusive of technology risk, and operational risk-related processes and controls. In-scope risk categories include Fraud, Operations, People, Security of Physical Assets, Third Party, Business Resiliency, Systems, Cyber/Information Security, Legal, Model, Conduct, Data Management, and Fiduciary. Objective risk mitigation, process, and control review activities include planning and scoping, design and execution, reporting and rating, issue creation, and issue validation.

Responsibilities
  • Execute assigned portions of operational risk reviews, issue validations, reviews, continuous monitoring, and other ORR projects in accordance with established methodology, timelines, and quality expectations.
  • Evaluate business processes, controls, documentation, data, and evidence to support conclusions regarding process and control design, execution, issue remediation, and risk exposure.
  • Support issue validation activities by assessing corrective actions, root-cause alignment, sustainability of remediation, and completeness of supporting evidence.
  • Develop detailed, organized, and audit-ready workpapers, analysis, testing documentation, and support materials that clearly connect evidence to observations and conclusions.
  • Develop and use data and reporting outputs to identify trends, anomalies, population/sample considerations, and potential areas of elevated operational risk.
  • Partner with business line stakeholders and other Risk, Compliance, and Audit professionals to obtain information, clarify observations, and support effective challenge of risk, process, and control practices.
  • Identify and escalate potential process or control weaknesses, evidence gaps, validation concerns, or significant risks to the ORR Lead Analyst, Team Lead, Manager, or Senior Manager, as appropriate.
  • Prepare clear written summaries and verbal updates regarding review progress, analysis performed, findings, issues, risks, dependencies, and next steps.
  • Contribute to process improvement, template enhancement, data quality routines, and other initiatives that improve consistency, transparency, and efficiency in ORR execution.
Basic Qualifications
  • Bachelor's degree, or equivalent work experience.
  • Typically more than five years of applicable experience.
Preferred Skills/Experience
  • Basic to intermediate knowledge of operational risk, control frameworks, issue management, remediation validation, and risk-based review practices.
  • Basic to intermediate Risk, Compliance, and Audit competencies, including the ability to evaluate evidence and document supportable conclusions.
  • Solid understanding of business operations, products, services, systems, processes, data, and associated risks.
  • Solid analytical skills, with the ability to review facts, identify patterns, evaluate data, and connect evidence to risks, controls, and remediation outcomes.
  • Effective process facilitation and project management skills, including the ability to manage assignments, deadlines, dependencies, and shifting priorities.
  • Effective presentation, interpersonal, written, and verbal communication skills, including the ability to summarize complex information clearly and professionally.
  • Proficient computer navigation skills using Microsoft Office applications, including Word, Excel, PowerPoint, and related reporting, data, or workflow tools.
  • Applicable professional certifications such as CRCM, CAMS, CPA, CIA, CISA, CRISC, or similar credentials are preferred.

LOCATION EXPECTATIONS: This role requires working from a U.S. Bank Location three (3) or more days per week.

NOTE: This position is not eligible for current or future visa sponsorship.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

  • Healthcare (medical, dental, vision)

  • Basic term and optional term life insurance

  • Short-term and long-term disability

  • Pregnancy disability and parental leave

  • 401(k) and employer-funded retirement plan

  • Paid vacation (from two to five weeks depending on salary grade and tenure)

  • Up to 11 paid holiday opportunities

  • Adoption assistance

  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $92,820.00 - $109,200.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

What U.S. Bank employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

U.S. Bank logo

About U.S. Bank

Sourced by ZipRecruiter

U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

Year founded

1863

Social media

FacebookTwitter

View All U.S. Bank Jobs

Apply