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Risk Monitoring Jobs in Minnesota (NOW HIRING)

Business Risk Officer, Sr

Lake Elmo, MN ยท On-site

$81K - $165K/yr

Monitor evolving consumer banking/lending/servicing, artificial intelligence, dataprivacy, and first-line risk trends. * Partner with business leaders to mitigate risks surfaced through metrics and ...

Liquidity Risk Oversight within BSRM is responsible for independent oversight and monitoring of the Bank's overall funding, investment, liquidity risk limit setting, risk assessment and analysis, and ...

New

Previous experience with consumer credit risk strategy development and monitoring in financial service industry * Previous experience with reviewing or underwriting consumer credits either in ...

New

Business Risk Officer, Sr

Lake Elmo, MN ยท On-site

$81K - $165K/yr

Monitor evolving consumer banking/lending/servicing, artificial intelligence, data-privacy, and first-line risk trends. * Partner with business leaders to mitigate risks surfaced through metrics and ...

Showing results 21-40

Risk Monitoring information

What is risk monitoring?

Risk monitoring is the ongoing process of identifying, assessing, and tracking potential risks that could impact an organization's operations, projects, or objectives. It involves continuously reviewing risk indicators, evaluating the effectiveness of risk mitigation strategies, and ensuring that new or emerging risks are addressed promptly. Effective risk monitoring helps organizations respond quickly to threats, minimize losses, and make informed decisions to support business continuity and compliance.

What are the key skills and qualifications needed to thrive as a risk monitoring professional?

To thrive as a Risk Monitoring professional, you need strong analytical abilities, attention to detail, and a background in finance, economics, or a related field, often supported by relevant certifications. Familiarity with risk management software, data analytics tools like Excel or SAS, and regulatory compliance systems is typically required. Excellent communication, problem-solving skills, and the ability to work under pressure help individuals stand out in this position. These skills are crucial for promptly identifying, assessing, and mitigating risks to protect organizational assets and ensure regulatory compliance.

What are some of the main challenges faced in a risk monitoring role, and how can a new hire successfully navigate them?

One of the main challenges in a Risk Monitoring role is keeping pace with rapidly changing regulations and emerging risks, especially in dynamic industries like finance or healthcare. New hires should focus on developing strong analytical skills and staying current with industry updates to effectively identify and assess risks. Collaboration with cross-functional teams, such as compliance, internal audit, and IT, is also essential for gathering comprehensive risk data and implementing effective mitigation strategies. Proactively communicating findings and recommendations can help build credibility and foster a culture of risk awareness across the organization.

What is the difference between Risk Monitoring vs Risk Analysis?

AspectRisk MonitoringRisk Analysis
Primary FocusOngoing tracking of risk indicators and risk environmentIdentifying, assessing, and evaluating risks
Required CredentialsCertifications like FRM, CRM, or relevant experienceCertifications like FRM, CRM, or related credentials
Work EnvironmentContinuous monitoring in finance, insurance, or compliance sectorsRisk assessment in similar industries, often involving data analysis
Employer UsageRisk departments, compliance teams, financial institutionsRisk management teams, consulting firms, financial services

While Risk Monitoring involves tracking risks over time to detect changes, Risk Analysis focuses on identifying and evaluating potential risks. Both roles often require similar credentials and work in related environments, but their core functions differ: one is ongoing oversight, the other is risk assessment and evaluation.

Do risk monitoring analysts make good money?

Risk monitoring analysts typically earn competitive salaries that vary by industry, experience, and location. Entry-level positions may start around industry average, while experienced analysts with certifications like FRM or CFA can earn higher salaries, often supplemented by bonuses and benefits. Overall, the role offers a solid income potential within financial and risk management sectors.

Is risk monitoring a good career?

Risk monitoring is a valuable career that involves identifying and assessing potential risks to an organization, often requiring skills in data analysis, attention to detail, and familiarity with risk management tools. It offers opportunities for advancement in finance, insurance, and corporate sectors, with a growing demand for professionals holding certifications like FRM or CRM. The role typically involves a structured schedule and the need for continuous learning to stay updated on industry standards.

What degree do you need to be a risk monitoring?

Risk monitoring roles typically require a bachelor's degree in fields such as finance, economics, business, or risk management. Advanced positions may prefer or require a master's degree or professional certifications like FRM or PRM. Strong analytical skills and familiarity with risk assessment tools are also important.

What are popular job titles related to Risk Monitoring jobs in Minnesota?

For Risk Monitoring jobs in Minnesota, the most frequently searched job titles are:

What job categories do people searching Risk Monitoring jobs in Minnesota look for?

The top searched job categories for Risk Monitoring jobs in Minnesota are:

What cities in Minnesota are hiring for Risk Monitoring jobs?

Cities in Minnesota with the most Risk Monitoring job openings:

Infographic showing various Risk Monitoring job openings in Minnesota as of August 2026, with employment types broken down into 1% As Needed, 82% Full Time, 11% Part Time, 5% Contract, and 1% Nights. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution.

Risk & Compliance Tech Specialist

SFM Mutual Insurance Companies

Bloomington, MN โ€ข On-site

$90K - $126K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 days ago


Job description

Location: Bloomington, Minnesota (Hybrid) | Full-Time
Pay: $90,100.00 to $126,200.00
Ranked #8 Top Workplace - Midsize Employer, MN
About the Role:
SFM writes Workers' Compensation Insurance Policies in 34 states, meaning multi-state regulations, filing calendars and laws moving at different speeds, an enterprise risk program spanning every business unit, and a vendor ecosystem that touches claims data and policyholder information. The Risk & Compliance Technical Specialist reports to the Chief Legal Officer and ensures compliance, enterprise risk and vendor risk programs are running smoothly, while building the metrics and analysis leadership uses to make decisions. You will develop the materials executive management takes to the Board and maintain workflows, systems, and governance records that keep our Risk programs operating consistently and effectively. Collaborating with the compliance and business teams accountable for each area is a big part of this job. This position will allow you to develop a unique enterprise-wide perspective on regulatory compliance, risk management, vendor oversight, and governance activities while playing a key role in keeping SFM operations running efficiently. This role offers a combination of program administration, technology platform management, and analytics while providing meaningful exposure to executive leadership, enterprise-wide initiatives, and Board governance activities. This position reports to the corporate headquarters in MN, and hybrid work is offered.
What You'll Do:
Risk Management Programs:
  • Maintain the workflows, calendars, systems of record and reporting processes that keep each program on schedule, and give the teams responsible for compliance, risk plans and vendor relationships a consistent experience.
  • Administer the technology platforms behind each program, research and recommend process and platform improvements, and partner with providers and internal stakeholders to implement approved changes.
  • Support executive management in its Board reporting on regulatory compliance, enterprise risk and vendor risk, identifying the matters that warrant Board attention and building the underlying materials.

Regulatory compliance
  • Tracks compliance status against agency deadlines across all states in which SFM does business in, including tracking existing, new and pending laws and regulations, while partnering with the Chief Legal Officer on the impact, timing and jurisdictional differences of model law and legislative changes.
  • Assist with the development and maintenance of compliance policies, procedures, guidance and supports training as regulations change. Conducts periodic gap analyses and guide teams through assessment, tracking, and remediation of control exceptions.

Enterprise risk management
  • Support business leaders in building and maintaining their risk plans, and help identify controls that manage, limit or reduce risk, and facilitate risk assessments and monitor completion of mitigation activities and action plans.
  • Monitor emerging risks including AI governance, cybersecurity and data security, and privacy; identify the drivers and trends, assess what they mean for SFM's programs, and recommend adjustments to the affected business functions.

Vendor risk management
  • Coordinate the vendor risk process, including timely review of SOC audit reports, and maintain the vendor database, contracts, review schedules and vendor status.
  • Work with vendor owners to remediate security exceptions, partner with Information Services and vendor owners on repeat or serious findings, and evaluate whether a vendor relationship should continue.
  • Provide guidance and training to platform users on the Vendor Management Policy.

What We'll Like About You:
  • Four or more years of experience supporting risk management, or insurance regulatory compliance processes and or experience working with enterprise and vendor risk strategies, or something similar
  • Bachelor's degree in business or an analytical field preferred; equivalent work experience considered in lieu of a degree
  • Workers' compensation or general insurance experience preferred
  • Experience administering a GRC (governance, risk, and compliance), enterprise risk or vendor risk platform preferred
  • Strong analytical skills: you can build meaningful metrics, dashboards and trend analyses from complex data
  • Advanced technology skills, including Microsoft 365, governance and risk platforms, and data visualization tools
  • Excellent problem-solving skills and strong decision making abilities.
  • Communication skills with a customer-service mindset, with the ability to prepare polished Board-level materials and communicate comfortably in informal, everyday conversations.
  • The aptitude to run multiple projects to completion with timely completion and the discretion to handle confidential information

Why You'll Love Working Here
We want your work life to feel balanced, rewarding, and supported. Here are just a few of the benefits SFM offers:
  • Comprehensive medical, dental, and vision coverage (plus HSA/FSA options).
  • Significant Cash Benefit if You Opt Out of Our Health Plan
  • Flexible hybrid work environment.
  • 401(k) with both Traditional and Roth options + company match.
  • Contributions toward student loan repayment.
  • Generous PTO, 9 paid holidays, and paid parental leave.
  • Monthly home internet allowance.
  • Free life insurance, short-term & long-term disability coverage.
  • Incentive bonus opportunities.
  • Adoption financial assistance.
  • Pet insurance.
  • Annual company-wide volunteer day.
  • Discounts on gyms, fitness apps, and wellness programs.

Who We Are
SFM is the leading workers' compensation insurer in Minnesota, with a growing presence across the Midwest. We're proud to be recognized as a Top Workplace (#8 midsize employer in MN) thanks to our supportive culture, commitment to our employees, and focus on doing what's right. Learn more by clicking here.
The base pay posted is just one component of SFM's total compensation package. The salary range listed represents the full compensation range for this position. Job title and starting pay will be based on the selected candidate's relevant knowledge, skills, abilities and/or experience, and education, if applicable as well as internal equity with other employees in the same job classification. #SFM
Work Environment and Physical Demands
Regular attendance is required. Work takes place in a semi paperless environment within an office setting, either on business premises or other remote location, using standard office equipment such as computers, phones, and copiers, which requires being stationary for extended periods of time. While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand; walk; use hands and fingers, handle or feel; and reach with hands and arms and work with close vision. This position requires the ability to occasionally lift office products and supplies, up to 20 pounds. Work is performed indoors with little to no exposure to extreme outdoor weather conditions.
SFM Mutual Insurance Company and each of its parent companies, subsidiaries and/or affiliated companies are Equal Opportunity/Affirmative Action Employers. SFM provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, status with regard to public assistance, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
SFM Companies, EEO/AA Employers. SFM is a participant of E-Verify. Applicants have rights under Federal Employment Laws.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.