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Operations Risk Analyst Jobs in Minnesota (NOW HIRING)

... risk assessment to make informed decisions about prospective sellers and identify emerging risks. The analyst partners closely with teams across Marketplace, Enterprise Fraud, Compliance, Operations ...

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Operations Risk Analyst information

See Minnesota salary details

$38.2K

$84.1K

$151.8K

How much do operations risk analyst jobs pay per year?

As of Aug 23, 2026, the average yearly pay for operations risk analyst in Minnesota is $84,072.00, according to ZipRecruiter salary data. Most workers in this role earn between $64,200.00 and $102,300.00 per year, depending on experience, location, and employer.

What does an operations risk analyst do?

An Operations Risk Analyst is responsible for identifying, assessing, and mitigating risks that could affect a company's day-to-day operations. They analyze business processes, review compliance with regulations, and develop strategies to minimize operational losses. Their work helps ensure that an organization can operate efficiently while reducing the likelihood of disruptions or financial losses due to internal or external risks.

What are the key skills and qualifications needed to thrive as an operations risk analyst, and why are they important?

To thrive as an Operations Risk Analyst, you need strong analytical skills, attention to detail, and a background in finance, risk management, or a related field, often supported by a relevant degree. Familiarity with risk assessment tools, data analysis software (such as Excel, SAS, or Python), and sometimes certifications like FRM or ORM are typically required. Excellent problem-solving abilities, communication skills, and the ability to work collaboratively with cross-functional teams distinguish top performers. These skills and qualities are crucial for accurately identifying, evaluating, and mitigating operational risks that can impact organizational performance and compliance.

What are some common challenges faced by operations risk analysts, and how can they be addressed effectively?

Operations Risk Analysts often encounter challenges such as identifying emerging risks in rapidly changing business environments and ensuring compliance with evolving regulations. Managing large volumes of data and collaborating across multiple departments to gather accurate information can also be demanding. To address these challenges, it's important to stay updated on industry best practices, utilize risk management software, and maintain strong communication with cross-functional teams. Building strong analytical and interpersonal skills will help you navigate these complexities and contribute to creating robust risk mitigation strategies.

What is the difference between Operations Risk Analyst vs Compliance Analyst?

AspectOperations Risk AnalystCompliance Analyst
Required CredentialsBachelor's in finance, risk management, or related field; certifications like FRM or CRMBachelor's in law, finance, or related; certifications like CCEP or CRCM
Work EnvironmentFinancial institutions, banks, insurance companiesFinancial services, banking, regulatory agencies
Employer & Industry UsageFocuses on identifying and mitigating operational risks within organizationsEnsures adherence to laws and regulations, managing compliance risks

The Operations Risk Analyst and Compliance Analyst roles share overlapping skills in risk assessment and industry knowledge but differ in focus. The Operations Risk Analyst concentrates on operational and financial risks within organizations, while the Compliance Analyst emphasizes regulatory adherence and legal risk management. Both roles are vital in financial sectors and often collaborate to ensure organizational stability and compliance.

What are popular job titles related to Operations Risk Analyst jobs in Minnesota?

For Operations Risk Analyst jobs in Minnesota, the most frequently searched job titles are:

What job categories do people searching Operations Risk Analyst jobs in Minnesota look for?

The top searched job categories for Operations Risk Analyst jobs in Minnesota are:

What cities in Minnesota are hiring for Operations Risk Analyst jobs?

Cities in Minnesota with the most Operations Risk Analyst job openings:

Infographic showing various Operations Risk Analyst job openings in Minnesota as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 12% Part Time, 1% Temporary, 3% Contract, and 2% Nights. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $84,072 per year, or $40.4 per hour.

First Line Risk Analyst Senior - Deposits

Associatedbank

Minneapolis, MN โ€ข On-site

Full-time

Retirement, PTO

Posted 3 days ago

New


Job description

At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you.

Associated Bank requires you to directly represent yourself and your own experiences during the recruiting and hiring process. Associated Bank conducts a thorough background check on all new hires.

Role Summary
As a First Line Risk Analyst Senior, you'll help strengthen the bank's risk management practices by leading key deposit risk initiatives and ensuring effective controls are in place. You'll partner across teams to identify risks, improve processes, and deliver meaningful insights that support sound business decisions while meeting regulatory expectations. This role offers the opportunity to deepen your expertise and make a visible impact across the organization.

Key Accountabilities

  • Lead deposit risk mitigation activities to ensure compliance with regulatory requirements and internal policies.

  • Monitor deposit risk systems, identify high-risk activity, and communicate findings to leadership and key stakeholders.

  • Conduct Initiative Risk Assessments (IRAs) for new deposit products, services, and system enhancements.

  • Partner with business teams and second-line risk functions to strengthen controls and support risk management objectives.

  • Support issue and event remediation efforts by validating corrective actions and tracking ongoing effectiveness.

  • Analyze control testing, quality assurance reviews, and risk reporting to identify trends and opportunities for improvement.

  • Coordinate documentation and program support for internal audits and regulatory examinations.

Education & Experience

Required

  • Bachelor's degree in Risk Management, Business, Finance, Data Analytics, or a related field, or an equivalent combination of education and experience.

  • 4+ years of experience in the financial services industry with responsibilities related to risk management programs and practices.

  • Knowledge of enterprise or operational risk frameworks, internal controls, banking products, and regulatory requirements.

  • Experience supporting compliance with regulations such as OCC, BSA/AML, Reg E, Reg CC, and UDAAP.

Preferred

  • Experience leading risk assessments, control testing, or quality assurance reviews.

  • Strong analytical, problem-solving, and communication skills.

  • Experience partnering across business and risk functions to implement effective risk solutions.

  • Familiarity with issue management and remediation frameworks.

Why You'll Love Working Here

At Associated Bank, you'll have opportunities to grow your career while working alongside talented colleagues who are committed to collaboration, continuous learning, and delivering exceptional results. Your contributions will help strengthen our risk culture, protect our customers, and support the bank's long-term success. Apply today to make an impact.

We welcome and encourage applications from all qualified parties, including but not limited to people returning to the workforce, people with disabilities, those without a college degree, and veterans or those with military experience.

In addition to core traditional benefits, we take pride in offering benefits for every stage of life.

  • Retirement savings including both 401(k) and Pension plans.

  • Paid time off to volunteer in your community.

  • Opportunities to connect with others through our diversity-focusedColleague Resource Groups.

  • Competitive salaries with professional development and advancement opportunities.

  • Bonus benefits including well-being programs and incentives, parental leave,anemployee stock purchase plan, military benefits and much more.

  • Personal banking, loan, investmentand insurance benefits.

Associated Bank serves more than 120 communities throughout Wisconsin, Illinois, Minnesota, and Missouri and we consider our colleagues critical to our continued success. See why our colleagues continually vote us a best place to work in the Midwest.Join our community onFacebook,LinkedInandX.

Compliance Statement

Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR.

Responsible to report ethical concerns as needed to Associated Bank's anonymous Ethics Hotline.

Associated Bank provides additional assistance throughout the application, interview and hiring process. Please contactleavesandaccommodations@associatedbank.comif you need an accommodation at any time during the process.

Associated Banc-Corp participates in the E-Verify Program. E-Verify NoticeEnglish or Spanish. Know Your Right to WorkEnglishorSpanish.

Associated Bank isPay Transparencycompliant.


The pay range represents anticipated base pay for this role. Actual pay may vary based on factors including, but not limited to, work location, skills, experience, education, and qualifications for the role.


For certain positions, total compensation may also include incentive, commission, or bonus opportunities not reflected in the posted base pay range.


$70,280.00 - $120,480.00 per year