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Payment Risk Manager Jobs in Minneapolis, MN (NOW HIRING)

Old National Bank

Business Risk Officer, Sr

Lake Elmo, MN · On-site

$81K - $165K/yr

The ideal candidate will bring deep expertise across Treasury Management, Payments, Lending, Fulfillment, Operations, and/or Servicing, with proven experience implementing first-line risk and control ...

Ryan Companies

Risk Management Coordinator

Minneapolis, MN · On-site

$70K - $75K/yr

Experience: 3+ years of experience in construction risk management,commercial P&C insurance, or ... Proficiency in MS Office Suite (especially Excel), construction management or payment software, and ...

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Payment Risk Manager information

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$53.8K

$116.4K

$177.4K

How much do payment risk manager jobs pay per year?

As of Aug 29, 2026, the average yearly pay for payment risk manager in Minneapolis, MN is $116,442.00, according to ZipRecruiter salary data. Most workers in this role earn between $93,900.00 and $134,600.00 per year, depending on experience, location, and employer.

What does a payment risk manager do?

A Payment Risk Manager is responsible for identifying, assessing, and mitigating risks related to payment transactions within a company. They develop strategies to detect and prevent fraud, monitor payment activities, ensure compliance with relevant regulations, and analyze transaction data to identify suspicious patterns. Their work helps protect both the organization and its customers from financial losses and ensures secure and efficient payment processes.

What are some common challenges a payment risk manager faces when implementing fraud prevention strategies?

Payment Risk Managers often encounter challenges balancing effective fraud prevention with a smooth customer experience. Implementing robust controls can sometimes result in false positives, inadvertently blocking legitimate transactions and frustrating customers. Additionally, staying ahead of constantly evolving fraud tactics requires continuous learning and adaptation, as well as close collaboration with IT, compliance, and customer support teams. Regularly updating risk models and fostering communication across departments are key to addressing these challenges effectively.

What are the key skills and qualifications needed to thrive as a payment risk manager, and why are they important?

To thrive as a Payment Risk Manager, you need a strong background in finance, risk assessment, data analysis, and a relevant degree in business, finance, or a related field. Familiarity with payment processing systems, fraud detection tools, and risk management software, as well as certifications like Certified Fraud Examiner (CFE), are typically required. Excellent problem-solving, critical thinking, and communication skills help professionals stand out in this role. These skills and qualifications are crucial for effectively identifying, mitigating, and preventing payment risks, ensuring financial security and compliance within organizations.

What is the difference between Payment Risk Manager vs Credit Analyst?

AspectPayment Risk ManagerCredit Analyst
Required CredentialsBachelor's degree, certifications like CRCM or RMA often preferredBachelor's degree in finance, economics, or related field; certifications like CFA or credit analysis courses
Work EnvironmentFinancial institutions, payment processing companies, e-commerce firmsBanks, lending institutions, credit bureaus
Employer & Industry UsageFocuses on managing payment fraud and risk in transaction environmentsEvaluates creditworthiness of individuals or businesses for lending decisions

The Payment Risk Manager primarily focuses on mitigating risks associated with payment transactions, while the Credit Analyst assesses creditworthiness for lending. Both roles require financial knowledge and analytical skills but serve different aspects of financial risk management.

Do payment risk managers make good money?

Payment risk managers typically earn a competitive salary that varies based on experience, location, and industry. They often receive additional benefits and may advance to higher roles such as risk director or compliance officer, increasing earning potential. Certification in risk management or related fields can also enhance salary prospects.

Is a Payment Risk Manager a stressful job?

A Payment Risk Manager role involves monitoring and analyzing financial transactions to detect fraud and mitigate risks, which can be stressful during high transaction volumes or when managing urgent issues. The job requires attention to detail, problem-solving skills, and often involves working under tight deadlines, but workload and stress levels vary by organization and individual experience.

What are popular job titles related to Payment Risk Manager jobs in Minneapolis, MN?

For Payment Risk Manager jobs in Minneapolis, MN, the most frequently searched job titles are:

What job categories do people searching Payment Risk Manager jobs in Minneapolis, MN look for?

The top searched job categories for Payment Risk Manager jobs in Minneapolis, MN are:

What cities near Minneapolis, MN are hiring for Payment Risk Manager jobs?

Cities near Minneapolis, MN with the most Payment Risk Manager job openings:

Payment Risk Manager jobs near you
Infographic showing various Payment Risk Manager job openings in Minneapolis, MN as of August 2026, with employment types broken down into 82% Full Time, 15% Part Time, and 3% Contract. Highlights an 79% Physical, 2% Hybrid, and 19% Remote job distribution, with an average salary of $116,442 per year, or $56 per hour.

Business Risk Analyst

Old National Bank

Saint Louis Park, MN

$44K - $84K/yr

Full-time

Medical, Dental, Vision, Retirement

Re-posted 1 hour ago

Old National Bank rating

8.2

Company rating: 8.2 out of 10

Based on 39 frontline employees who took The Breakroom Quiz

52nd of 173 rated banks

Job description

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.


We are currently seeking a first-line Business Risk Analyst to join our Business Risk Office. The ideal candidate for the Business Risk Analyst role will have an understanding of processes in Treasury Management, Payments, Commercial and Consumer Lending, Fulfillment, Operations and Servicing, Talent, as well as first, second or third line of defense risk management, process and control evaluation, design, and implementation. 

The selected candidate will have the opportunity to support the Business Risk Manager in building risk and control activities in the first line of defense for the Consumer, Commercial and Shared Services space. This role will support Business Risk Officers who implement risk frameworks, serve as the first line of defense governance and control partners and should be skilled at collaboration. This supporting role will assist the BROs as they serve in advisory capacity in the design and implementation of action plans, control enhancements, and process design. 

Salary Range

The salary range for this position is $44,700.00/yr - $84,500.00/yr. 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 

Support the Business Risk Office Team in initiatives including but not limited to: 

  • Support Risk and Control Programs across the segment, assisting Business Risk Officers (BROs) in the design and implementation of action plans, control enhancements and process design for business units. 
  • Support in the preparation of training schedules and materials for Heightened Standards Framework implementation. 
  • Management of Operational Losses under $10k including appropriate reclassification 
  • Issues Management reporting, including generation of reports and maintaining accuracy and alignment of stakeholders; management and reporting of Self-Identified issues. 
  • Continuous Improvement and Best Practices – proactively identify opportunities to streamline workflows, reduce operational risk and enhance control effectiveness across functional areas  

Qualifications and Education Requirements 

  • Bachelor’s in Operations Management, Risk Management, Finance or a related field. 
  • Minimum of 1 -2 years’ experience in Banking or Financial Services risk management, audit, compliance, or operations. 
  • Excellent communication, task-oriented, organization, technical and interpersonal skills.  
  • Ability to work across cultural and geographic boundaries, adapting strategies to suit diverse markets.  
  • Strategic and analytical thinker with a problem-solving mindset.  
  • Strong organizational and project management skills.  
  • Innovative, forward-thinking, and adaptable to change.  
  • Comfortable in a fast-paced, evolving environment.  

Key Measures of Success/Key Deliverables: 

  • Timely completion of assigned projects and tasks 
  • Reduction in residual risk in assigned segment 

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