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Operations Risk Analyst Jobs in Minneapolis, MN (NOW HIRING)

Risk Manager

Bloomington, MN · Hybrid

$93K - $122K/yr

... Operations-to drive claim outcomes, manage risk, and support strategic initiatives. Qualified ... Analyze and report claims, exposure, and loss prevention data to identify trends and inform risk ...

Risk Manager

Bloomington, MN · On-site

$93K - $122K/yr

... Operations-to drive claim outcomes, manage risk, and support strategic initiatives. Qualified ... Analyze and report claims, exposure, and loss prevention data to identify trends and inform risk ...

... operational risk Preferred Skills and Qualifications * Experience with AI/ML, emerging technologies, or advanced analytics governance * Familiarity with AI regulatory frameworks and guidance (e.g ...

... operational risk Preferred Skills and Qualifications * Experience with AI/ML, emerging technologies, or advanced analytics governance * Familiarity with AI regulatory frameworks and guidance (e.g ...

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Operations Risk Analyst information

See Minneapolis, MN salary details

$40.7K

$89.6K

$161.8K

How much do operations risk analyst jobs pay per year?

As of Jun 15, 2026, the average yearly pay for operations risk analyst 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.

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 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 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 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 are popular job titles related to Operations Risk Analyst jobs in Minneapolis, MN? For Operations Risk Analyst jobs in Minneapolis, MN, the most frequently searched job titles are:
What job categories do people searching Operations Risk Analyst jobs in Minneapolis, MN look for? The top searched job categories for Operations Risk Analyst jobs in Minneapolis, MN are:
What cities near Minneapolis, MN are hiring for Operations Risk Analyst jobs? Cities near Minneapolis, MN with the most Operations Risk Analyst job openings:
Infographic showing various Operations Risk Analyst job openings in Minneapolis, MN as of June 2026, with employment types broken down into 87% Full Time, 12% Part Time, and 1% Contract. Highlights an 80% Physical, 9% Hybrid, and 11% Remote job distribution, with an average salary of $89,609 per year, or $43.1 per hour.
Non-Quant Market Risk Governance & Volcker Program Analyst

Non-Quant Market Risk Governance & Volcker Program Analyst

US Bank

Minneapolis, MN

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 25 days ago


U.S. Bank rating

8.2

Company rating: 8.2 out of 10

Based on 345 frontline employees who took The Breakroom Quiz

38th of 141 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

Market Risk Management operates within the second line of defense and reports to the U.S. Bancorp Chief Risk Officer. The function provides independent oversight, governance, monitoring, and control of trading market risk across Capital Markets, Mortgage, Balance Sheet, and the Volcker Program Office. The team ensures market risk is managed in alignment with regulatory expectations, internal policies, and the company's risk appetite.

The Market Risk Governance & Volcker Analyst is a key contributor to the Market Risk Management team, supporting governance, program execution, regulatory engagement, and risk reporting activities. This role partners closely with senior team members and cross-functional stakeholders to help maintain a strong and effective market risk governance framework.

This individual will support day-to-day governance processes, assist in coordination across functions, and contribute to strategic and regulatory initiatives, including integration work related to BTIG and the ongoing enhancement of market risk oversight processes.

Job Function & Key Responsibilities

  • Support Market Risk Governance and Volcker Program activities, contributing to the execution of a strong second line governance framework.

  • Partner with Market Risk team members to assist with governance, reporting, and cross-functional coordination.

  • Assist in review and challenge processes related to Market Risk and Volcker Program activities, including:

    • limit monitoring and reporting

    • limit overage tracking and escalation support

    • issues management and remediation tracking

    • Enterprise Compliance Risk Assessment (ECRA)

    • Risk and Control Self-Assessments (RCSA)

    • model/tool governance coordination

  • Support maintenance and enhancement of governance processes, policies, procedures, and reporting routines.

  • Assist in preparation and coordination of materials for senior management committees and governance forums.

  • Participate in working groups and cross-functional initiatives, helping to evaluate market risk impacts.

  • Build working relationships with Trading, Treasury, Compliance, Operations, Finance, Technology, Model Risk, and Audit teams.

  • Support regulatory exams, internal reviews, and audit engagements by gathering information and assisting with responses.

  • Help identify process improvement opportunities and support implementation of solutions.

  • Contribute to enterprise and business-line initiatives impacting Market Risk, including new activities and regulatory changes.

  • Support BTIG integration efforts, including governance processes, reporting, and coordination activities.

  • Assist with project workstreams and support team priorities as needed.

Basic Qualifications

- Bachelor's degree, or equivalent work experience
- Typically more than six years of applicable experience

Preferred Skills/Experience

  • Degree in Accounting, Finance, Economics, Business, or related field

  • Experience in market risk, risk management, capital markets, or trading support

  • Basic understanding of market risk frameworks and governance practices

  • Familiarity with capital markets products (fixed income, derivatives, FX)

  • Strong organizational and analytical skills

  • Ability to work in a team environment and support multiple priorities

  • Effective communication and stakeholder coordination skills

  • Experience with regulatory, audit, or control functions is a plus

  • Exposure to Volcker Rule, governance frameworks, or risk/control processes preferred

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

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: $117,725.00 - $138,500.00

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.


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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

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