Quantitative Risk Manager Jobs in Minnesota (NOW HIRING)

At Affinity Plus every employee understands how their work affects our members experience and we strive to provide an experience that can't be found anywhere else. Great service starts with great employees and that is why we focus on providing not only the best place our members will ever bank but the best place our employees will ever work. Between our one of a kind culture, incredible benefits, and work/life balance; we believe you will feel the Affinity Plus difference.

Position Summary
The Enterprise Risk Analyst at Affinity Plus supports the design, execution, and ongoing enhancement of the organization's Enterprise Risk Management (ERM) program. This role contributes to identifying, evaluating, monitoring, and reporting risks across all business areas and works closely with Risk Management leadership, Compliance, Internal Audit, Information Security, Finance, and business partners. The position helps enable sound decision-making, regulatory compliance, and a strong, risk-aware culture throughout the organization.

Duties & Responsibilities

Program Management
* Support the implementation, execution, and continuous improvement of the enterprise-wide ERM framework.
* Coordinate and administer enterprise-level and departmental risk assessments encompassing operational, financial, compliance, strategic, and reputational risks.
* Partner with business units to identify risks, assess controls, and evaluate inherent and residual risk exposures.
* Maintain key ERM artifacts, including the enterprise risk taxonomy, risk register, and issue management processes.
* Provide risk-based guidance, training, and education to reinforce risk ownership and strengthen risk culture.
* Review, validate, and maintain documented risk assessments to ensure consistency, accuracy, and completeness.
* Collaborate with stakeholders to improve risk transparency, internal controls, and ERM-related processes.
* Support readiness for internal and external audits, regulatory examinations, and model validation activities.
* Monitor regulatory developments and emerging ERM trends and best practices.
Risk Analysis and Monitoring
* Analyze risk assessments, loss events, and other risk-related information to identify trends, emerging issues, and changes in the enterprise risk profile.
* Perform qualitative and quantitative risk analysis, including scenario analysis, stress testing, and risk-event correlation analysis.
* Provide independent challenge to risk assessments, control effectiveness, and mitigation strategies.
* Participate in focused risk reviews related to new initiatives, policies, procedures, products, or emerging risks.
* Maintain and monitor Key Risk Indicators (KRIs), including definition development, threshold setting, data quality, and reporting cadence.
* Identify and escalate adverse risk trends or KRI threshold breaches to Risk Management leadership.
* Track remediation activities, challenge insufficient action plans, and escalate overdue issues.
* Support root cause analysis and thematic risk assessments across the organization.
Reporting, Governance, and Strategic Support
* Prepare timely, accurate, and informative risk reports for senior leadership, the Risk Management Committee, Audit Committee, ALCO, and the Board of Directors.
* Develop executive-level dashboards, summaries, and presentations highlighting key risks, trends, and emerging concerns.
* Support governance processes, including preparation of meeting materials, documentation management, and action-item tracking.
* Provide data-driven insights and analytics to support risk-informed strategic and operational decision-making.
* Assist with enterprise risk budgeting, capital-at-risk analysis, and alignment with capital planning, risk appetite, and strategic planning processes.
Business Continuity and Insurance Support
* Support business continuity and operational resilience efforts, including business impact analyses (BIAs), documentation, scenario development, and testing activities.
* Coordinate and document business continuity testing and tabletop exercises, including tracking and reporting remediation actions.
* Assist with administration of the corporate insurance program, including policy documentation, renewals, exposure reporting, and claims tracking.
* Support insurance analytics and risk transfer assessments.

Minimum Qualifications and Skills
Required Knowledge
* 2+ years of experience in risk management, internal audit, finance, compliance, or a related role (financial services experience preferred).
* 2+ years of experience in data analysis and report development.
* Experience with GRC (Governance, Risk, and Compliance) systems.
* Experience preparing management- and executive-level reports.
* Working knowledge of federal and state regulations related to financial services.

Qualifications and Skills
Decision Making/Problem Solving/Advising
* Ability to analyze complex financial and operational data to solve issues and make informed, sound decisions, within established policies and procedures.
* Skilled in assessing needs, offering solutions, and building trust through effective consultation.
* Ability to recognize operational inefficiencies and identify improvement opportunities
Collaboration/Building Relationships
* Proven ability to build and maintain positive working relationships with employees and internal stakeholders by demonstrating professionalism, reliability, and responsiveness in daily interactions.
* Ability to collaborate effectively within and across teams.
Accountability
* Ability to take accountability of responsibilities, commitments, and outcomes.
Communication
* Strong ability to communicate clearly, effectively and professionally.
Learning
* Ability to actively pursue opportunities to expand knowledge and skills; applying learning to improve performance.
* Willingness to learn new skills, processes, and technologies with support and training.
* Ability to stay current on ERM regulatory expectations and industry best practices.
Adaptability
* Demonstrated adaptability and willingness to take on new responsibilities.
* Demonstrated ability to show resilience and adaptability in the face of challenges or changes.
Technology Experience
* Intermediate computer and technology skills and knowledge, with the ability to navigate between multiple systems with ease.

Other Skills
* Time Management skills and the ability to prioritize workload based on department and member needs.
* Ability to complete tasks with accuracy and thoroughness.
* Demonstrated reliability, integrity, and ability to maintain confidentiality.

Preferred
* Bachelor's degree in Finance, Economics, Risk Management, Business Administration, or a related field.

Work Environment
This role is: Virtual First - Requires reliable internet access and home office setup

Additionally, requires onsite presence based on coordination of work with other employees and/or departments. May require travel to attend on-site meetings/events for collaboration, connection, project work, All-Employee Day, etc.

Physical Requirements
* Sitting 95% of workday
* Working at a computer 100% of the day, utilizing the phone 25%
* Bending, twisting, kneeling, stooping, or crouching when appropriate, on occasion
* Repetitive movements, including but not limited to typing, using a mouse, phones, etc.
* Lift, carry, push or pull up to approximately 30 pounds

Required Work Schedule
Standard Monday through Friday business hours with a willingness to work a flexible schedule as needed. Consistent and reliable attendance is a required essential function of this role to meet the needs of the department/team and organization.

Compensation

This position has a starting pay range of $62,200 - $79,350 annually.

In alignment with our commitment to pay transparency, we are providing a good-faith estimate of the pay range for this position. This range reflects what we anticipate offering a successful candidate based on factors such as the role's responsibilities, required qualifications, and relevant experience. The actual pay may vary depending on the selected candidate's skills, experience, and other qualifications.

Total Rewards

Affinity Plus offers a comprehensive Total Rewards package that goes beyond base pay. In partnership with the State of MN Employer Group, Affinity Plus provides low-cost medical, dental and vision insurance coverage options. Additionally, Affinity Plus frontloads all sick time hours and a portion of vacation hours for all new employees, offers a variety of paid leave options, a monthly wellness benefit, and immediate 401K matching up to 5%. Our Total Rewards philosophy is designed to support your well-being and growth while fostering a fair and inclusive workplace.

Disclaimer

Applicants may be subject to a background and credit check. Employees in this position must be able to satisfactorily perform the essential functions of the position. If requested, Affinity Plus Federal Credit Union will make every effort to provide reasonable accommodations to enable employees with disabilities to perform the position's essential job duties. As markets change and the Organization grows, job descriptions may change over time as requirements and employee skill levels evolve. With this understanding, Affinity Plus Federal Credit Union retains the right to change or assign other duties to this position.

Application Deadline

Affinity Plus Federal Credit Union accepts applications on a rolling basis.