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Sr Risk Manager Jobs in Minnesota (NOW HIRING)

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Sr Risk Manager information

See Minnesota salary details

$22K

$115.8K

$205.7K

How much do sr risk manager jobs pay per year?

As of Aug 18, 2026, the average yearly pay for sr risk manager in Minnesota is $115,824.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,800.00 and $142,000.00 per year, depending on experience, location, and employer.

What does a Sr Risk Manager do?

A Sr Risk Manager is responsible for identifying, assessing, and mitigating risks that could impact an organization’s operations, finances, or reputation. They develop risk management strategies, implement policies, and collaborate with other departments to ensure compliance and minimize potential losses. This role often involves analyzing data, preparing reports for senior leadership, and staying updated on regulatory changes that may affect the business.

How does a Sr Risk Manager typically collaborate with other departments to manage organizational risks?

As a Sr Risk Manager, you will frequently work cross-functionally with teams such as compliance, legal, finance, and operations to identify, assess, and mitigate risks. This involves facilitating risk assessments, sharing findings with department leads, and developing action plans together. Effective communication skills and the ability to translate complex risk concepts into practical recommendations are essential. Regular meetings and reporting cycles help ensure risks are monitored and managed proactively across the organization.

What are the key skills and qualifications needed to thrive as a Sr Risk Manager, and why are they important?

To thrive as a Sr Risk Manager, you need deep expertise in risk assessment, financial analysis, regulatory compliance, and typically a bachelor's or master's degree in finance, business, or a related field. Familiarity with risk management frameworks, GRC (Governance, Risk, and Compliance) systems, and certifications like FRM or CRM are often required. Strong analytical thinking, leadership, and effective communication skills help in influencing decision-makers and leading cross-functional teams. These competencies are essential for identifying, mitigating, and communicating risks to protect the organization’s assets and reputation.

What is the difference between Sr Risk Manager vs Risk Analyst?

AspectSr Risk ManagerRisk Analyst
CredentialsTypically requires advanced degrees (e.g., MBA, risk management certifications)Often requires a bachelor's degree, some certifications preferred
Work EnvironmentStrategic, leadership-focused, often managerialAnalytical, data-driven, support role
Employer & Industry UsageUsed in finance, insurance, corporate sectors for risk oversightCommon in finance, banking, and insurance for risk assessment

The main difference between a Sr Risk Manager and a Risk Analyst lies in their responsibilities and experience level. The Sr Risk Manager oversees risk strategies and manages teams, requiring more advanced credentials and strategic thinking. In contrast, the Risk Analyst focuses on data analysis and risk assessment tasks, often serving as a support role. Both roles are vital in risk management but differ in scope and seniority.

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

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

What cities in Minnesota are hiring for Sr Risk Manager jobs?

Cities in Minnesota with the most Sr Risk Manager job openings:

Infographic showing various Sr Risk Manager job openings in Minnesota as of August 2026, with employment types broken down into 85% Full Time, 12% Part Time, 2% Contract, and 1% Nights. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $115,824 per year, or $55.7 per hour.

Senior Analyst- Insurance and Risk Financing

Ameriprise Financial

Minneapolis, MN

$76K - $104K/yr

Full-time

Medical, Dental, Life, Retirement, PTO

Re-posted 3 days ago


Ameriprise rating

7.7

Company rating: 7.7 out of 10

Based on 130 frontline employees who took The Breakroom Quiz

106th of 150 rated financial services


Job description

About Our Company


We're a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Job Description

As part of the Insurance and Risk Financing department, the Senior Risk & Safety Analyst provides enterprise-wide support across insurance, safety, compliance, and risk management functions. This role partners with business units and support functions to strengthen the firm's overall risk profile by supporting corporate risk transfer and risk financing programs, safety and compliance initiatives, and risk mitigation efforts. The position leverages data analytics, reporting, and the Risk Management Information System (RMIS) to help quantify operational risk impacts, manage loss and claims data, and develop insights to inform risk transfer, risk financing and risk mitigation strategies. Additionally, the role supports vendor risk management and contract administration, contributing to informed decision-making, effective risk oversight, and operational efficiency.

Key Responsibilities

  • Assist in the administration of corporate risk transfer and risk financing programs, including captive insurance company operations, insurance renewals, policy management, claims coordination, and exposure data collection.

  • Use data analytics, reporting, and RMIS to help quantify operational risk impacts, analyze loss and claims data, and develop insights that support risk transfer, risk financing, and risk mitigation strategies.

  • Administer and maintain the Risk Management Information System (RMIS) and prepare recurring and ad hoc reports and dashboards for internal stakeholders.

  • Support safety, regulatory, and compliance initiatives, including safety and ergonomics program administration, OSHA compliance requirements, and business continuity and emergency preparedness efforts.

  • Support vendor risk management and contract administration, including documentation, tracking, and invoice processing.

  • Collaborate with internal stakeholders to share risk and claims information and support informed decision-making and risk mitigation efforts.

Required Qualifications

  • Bachelor's degree, preferably in business, accounting or finance

  • 1-3 years finance, accounting or insurance/risk management experience, preferably in a corporate environment

  • Financial/analytical reporting skills preferred, including proficiency in Microsoft Office

  • Excellent written & verbal communication skills

  • Ability to coordinate numerous internal & external parties and facilitate functional discussions under pressure

  • Demonstrated ability to prioritize workload and meet deadlines

In-Office Collaboration

We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders - clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.

Visa Sponsorship

Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).

Base Pay Salary

The estimated base salary for this role is $76,300- $104,900/year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.

Full-Time/Part-Time

Full time

Exempt/Non-Exempt

Exempt

Job Family Group

Enterprise Risk Management

Line of Business

FIN Finance

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.

We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.


What Ameriprise employees say

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About Ameriprise

Sourced by ZipRecruiter

At Ameriprise Financial, we're not just in the business of helping clients with their financial goals - we also help our advisors and employees reach their true potential by embracing an inclusive and collaborative culture. We celebrate the unique qualities and reward the contributions of our talented, passionate employees. If you're motivated and want to work for a strong, ethical company that cares about you and your community, take the next step with Ameriprise Financial.

Industry

Funds, trusts and financial programs

Company size

5,001 - 10,000 Employees

Headquarters location

Minneapolis, MN, US

Year founded

1894

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