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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 ...

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, reputational, strategic, and other risks as appropriate. The Business Risk ... Professional will partner with their assigned Line of Business, other Business Risk Professionals ...

... operational, reputational, strategic, and other risks as appropriate. The Business Risk ... Professional will partner with their assigned Line of Business, other Business Risk Professionals ...

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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 Jul 13, 2026, the average yearly pay for operations risk analyst 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.

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 July 2026, with employment types broken down into 1% Locum Tenens, 1% Internship, 88% Full Time, 5% Part Time, 1% Temporary, and 4% Contract. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution, with an average salary of $89,599 per year, or $43.1 per hour.
Third Party Risk Analyst, Sr

Third Party Risk Analyst, Sr

Old National Bank

Lake Elmo, MN • On-site

Other

Medical, Dental, Vision, Retirement

This job post has expired today. Applications are no longer accepted.


Old National Bank rating

8.1

Company rating: 8.1 out of 10

Based on 37 frontline employees who took The Breakroom Quiz

51st of 149 rated banks


Job description

Third Party Risk Analyst, Sr
Job Locations US-IN-Evansville | US-MN-Lake Elmo | US-IL-Chicago
Category/Function Risk/Security Position Type Regular Full-Time Requisition ID 2026-19268 Workplace Type On Site
Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Responsibilities

The Third-Party Risk Management (TPRM) Senior Analyst is responsible for executing thirdparty risk management activities across a portfolio of vendors, supporting the Bank's compliance with regulatory requirements and internal standards. This role manages relationships with third parties and partners with internal stakeholders to anticipate, identify, monitor, document, and mitigate risks associated with thirdparty relationships. This role reports to the Third-Party Risk Manager.

Salary Range

The salary range for this position is $60.000 - $121,300 per year plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.


Key Accountabilities
Third Party Risk Management
* Perform thirdparty due diligence reviews and provide oversight of third-party risk assessments in accordance with TPRM policies, program and procedures.
* Support business segments throughout the third-party lifecycle.
* Analyze documentation related to operational resilience, information security, compliance, and business continuity.
* Identify control gaps and document risks, issues, and recommendations clearly and accurately.
* Track and monitor remediation activities for identified thirdparty issues.
* Validate evidence of corrective actions and escalate concerns when remediation is insufficient or delayed.
* Support ongoing monitoring activities, including periodic reviews and triggerbased reassessments.
* Partner with relationship owners to gather required documentation and clarify risk requirements.
* Respond to questions regarding TPRM processes, expectations, and timelines.
* Collaborate with subject matter experts as part of the review process.
* Maintain accurate and timely documentation within the TPRM system of record.
* Support preparation of management reports, metrics, and dashboards.
* Assist with audit and regulatory exam requests related to thirdparty risk activities.
Other
* Execute special projects and additional assignments as requested to support ThirdParty Risk Management and Enterprise Risk Management objectives.
* Contribute to the ongoing development, implementation, and maturation of thirdparty risk management processes, training materials, and support resources.
* Develop and maintain effective working relationships with stakeholders across the Bank to promote collaboration and consistent application of thirdparty risk management expectations.


Key Competencies for Position
Culture Leadership:
* Communication: Effectively shares information and ideas with individuals and groups; displays self-awareness and self-management, tailors the delivery to the audience, and selects suitable delivery method(s).
* Gaining Agreement: Uses appropriate interpersonal styles and techniques to gain acceptance of ideas or plans; modifies one's own behavior to accommodate tasks, situations and individuals involved.
* Collaboration: Actively seeks, develops and maintains trusted relationships with others to achieve business goals and objectives.
Execution Leadership:
* Drive and Execution: Committed to achieving established goals, overcoming obstacles, and continuously learning to improve performance.
* Planning and Organizing: Ability to determine a course of action, set and manage priorities, and ensure optimal resources to achieve individual and/or team objectives.
* Accountability: Accepts full responsibility for self and contribution as a team member; follows through on commitments; implements decisions that have been agreed upon; acknowledges and learns from mistakes without blaming others; recognizes the impact of his/her behavior on others.
* Attention to Detail: Completes work thoroughly and accurately; pursues quality in accomplishing tasks
* Technical Knowledge: Possesses the required technical knowledge to perform the role effectively; continuous learning to adopt new trends or expertise.

Qualifications and Education Requirements
* Bachelor's degree in business, project management, accounting, or related field.
* 3+ years of experience in thirdparty risk management, operational risk, audit, or related risk disciplines.
* Preferred certifications: CTPRP, CPA, CIA, CISA
* Foundational understanding of risk management concepts, including exposure to policies, standards, and procedures.
* General knowledge of banking operations and technology processes; prior experience in a regulated environment preferred.
* Familiarity with key thirdparty risk and regulatory requirements (e.g., GLBA, SOX, PCI, HIPAA) and related compliance expectations.
* Basic understanding of information security, cybersecurity concepts, and technology risks impacting thirdparty relationships.
* Strong attention to detail with the ability to analyze information, identify issues, and document risks clearly.
* Ability to manage multiple tasks and priorities in a fastpaced environment while meeting timelines.
* Effective written and verbal communication skills, including the ability to prepare documentation and support risk reporting.
* Demonstrated ability to work collaboratively and build productive working relationships across teams.
* Proficiency in Microsoft Office applications, including Word, Excel, PowerPoint, and Visio.

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.

Our culture is firmly rooted in our core values.

We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.

We are Old National Bank. Join our team!


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