Risk Analyst Jobs in Minnesota (NOW HIRING)

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