Risk Analyst Jobs in Minnesota
Risk Analyst jobs in Minnesota are in steady demand, concentrated in financial services, insurance, and healthcare across the Twin Cities metro, with additional hiring in Rochester and Bloomington. Major employers with a lasting presence in the state include U.S. Bancorp, Allianz Life Insurance of North America, and Mayo Clinic, all of which maintain active risk functions. The most sought-after specialties are enterprise risk management, credit risk, and operational risk. Find a role that fits below and apply directly.
Find Risk Analyst JobsOverview
Showing 5 of 13+ Risk Analyst jobs
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.
Job Description
The Fraud Business Analyst serves as a strategic partner across Fraud Strategy, business lines, digital teams, and enterprise risk functions. The role blends advanced fraud risk analysis with business consulting, solution evaluation, and cross-functional influence. This position identifies fraud vulnerabilities, maps and evaluates business processes, sizes financial impact (fraud losses, revenue impact, operational costs), and translates complex data into clear, actionable insights.
The Analyst applies deep domain knowledge in authentication, transaction risk, identity verification, and servicing workflows to recommend fraud controls, guide vendor solution testing, and support development of enterprise-wide fraud mitigation strategies. This role is also responsible for maintaining awareness of emerging fraud trends, assessing vendor capabilities, contributing to pilot design and evaluation, and delivering structured reporting that informs executive decision making.
The Analyst functions as a connector between technical teams, product owners, fraud operations, and enterprise partners—ensuring data-driven decisioning, process clarity, and delivery of measurable risk reduction.
- Bachelor’s degree, or equivalent work experience
- Typically more than six years of applicable experience
Preferred Skills/Experience
Ability to perform analysis using SAS, SQL, Python, or similar programming language to tie data from multiple sources together
Proficiency in analytics related to financial management, cost benefit analysis, evaluating fraud prevention infrastructure, and making data driven recommendations
Experience analyzing data to determine loss impact on any given product and determine multiple risk management strategies and enhancements
Demonstrated ability to navigate ambiguity, synthesize complex data, and translate insights into actionable recommendations for senior leadership
Capacity to conduct an analysis of business need and/or define and maintain complex process flows as needed, lead meetings, plan agendas, and conferring with business line leaders
Strong project management skills
Effective verbal and written communication skills working with and influencing at all levels of the organization, including senior leadership
Proficient computer navigation skills using a variety of software packages including Microsoft Office applications and data analysis software
Process mapping and ability to understand a business workflow to identify gaps and realize potential solutions
LOCATION EXPECTATIONS: This role requires working from a U.S. Bank Location three (3) or more days per week.
NOTE: This position is not eligible for current or future visa sponsorship.
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.
Benefits:
Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
Review our full benefits available by employment status here.
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $105,400.00 - $124,000.00U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.
Job Description
The Fraud Business Analyst serves as a strategic partner across Fraud Strategy, business lines, digital teams, and enterprise risk functions. The role blends advanced fraud risk analysis with business consulting, solution evaluation, and cross-functional influence. This position identifies fraud vulnerabilities, maps and evaluates business processes, sizes financial impact (fraud losses, revenue impact, operational costs), and translates complex data into clear, actionable insights.
The Analyst applies deep domain knowledge in authentication, transaction risk, identity verification, and servicing workflows to recommend fraud controls, guide vendor solution testing, and support development of enterprise-wide fraud mitigation strategies. This role is also responsible for maintaining awareness of emerging fraud trends, assessing vendor capabilities, contributing to pilot design and evaluation, and delivering structured reporting that informs executive decision making.
The Analyst functions as a connector between technical teams, product owners, fraud operations, and enterprise partners—ensuring data-driven decisioning, process clarity, and delivery of measurable risk reduction.
- Bachelor’s degree, or equivalent work experience
- Typically more than six years of applicable experience
Preferred Skills/Experience
Ability to perform analysis using SAS, SQL, Python, or similar programming language to tie data from multiple sources together
Proficiency in analytics related to financial management, cost benefit analysis, evaluating fraud prevention infrastructure, and making data driven recommendations
Experience analyzing data to determine loss impact on any given product and determine multiple risk management strategies and enhancements
Demonstrated ability to navigate ambiguity, synthesize complex data, and translate insights into actionable recommendations for senior leadership
Capacity to conduct an analysis of business need and/or define and maintain complex process flows as needed, lead meetings, plan agendas, and conferring with business line leaders
Strong project management skills
Effective verbal and written communication skills working with and influencing at all levels of the organization, including senior leadership
Proficient computer navigation skills using a variety of software packages including Microsoft Office applications and data analysis software
Process mapping and ability to understand a business workflow to identify gaps and realize potential solutions
LOCATION EXPECTATIONS: This role requires working from a U.S. Bank Location three (3) or more days per week.
NOTE: This position is not eligible for current or future visa sponsorship.
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.
Benefits:
Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
Review our full benefits available by employment status here.
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $105,400.00 - $124,000.00U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.
See All 13 Risk Analyst Jobs in Minnesota
Find roles in Minnesota that match your experience and apply in just a few clicks.
Find Risk Analyst JobsRisk Analyst Jobs by City in Minnesota
Where Minnesota roles are concentrated, by current openings.
Risk Analyst Job Market in Minnesota
A snapshot from current Minnesota openings, updated as new roles post.
Who's Hiring
What Minnesota Employers Look For
The qualifications that appear most often in risk analyst jobs across Minnesota.
- Bachelor's degree in finance, economics, statistics, or a related quantitative field
- FRM or CRM certification recognized by Minnesota financial and insurance employers
- Two or more years of experience in risk assessment, credit analysis, or compliance
- Proficiency in risk modeling tools and data analysis software such as SAS or Python
- Strong working knowledge of regulatory frameworks including Basel III and SOX
- Excellent written communication skills for presenting risk findings to leadership
Risk Analyst Jobs in Minnesota: Frequently Asked Questions
How do you become a risk analyst in Minnesota?
Most Minnesota employers expect a bachelor's degree in finance, economics, statistics, or a closely related field as the foundation. There is no state-issued license specific to risk analysts in Minnesota, but earning a recognized credential such as the Financial Risk Manager designation or the Certified Risk Manager credential strengthens candidacy considerably. Many Twin Cities financial and insurance firms look for candidates who combine that coursework with internship or co-op experience gained through programs at Minnesota universities.
How much do risk analysts make in Minnesota?
Risk analysts in Minnesota earn a median of about $105,420 a year, based on May 2025 Bureau of Labor Statistics wage data, ranging from around $72,930 for the lowest 10% to over $161,880 for the top 10%. Pay rises with experience, specialty, and employer.
Which companies hire risk analysts in Minnesota?
Minnesota risk analyst roles are posted by U.S. Bank, DTN, and RBC and others right now, based on current listings on Migrate Mate as of September 2026. The Twin Cities concentration of large financial services firms, regional insurance carriers, and major health systems means Minnesota has a deeper bench of active risk hiring than most comparable metro markets.
Which Minnesota cities have the most risk analyst jobs?
Minneapolis, Bloomington, and Plymouth account for the largest share of risk analyst openings in Minnesota. Minneapolis and Saint Paul drive the majority of postings given the headquarters density of financial institutions, insurance companies, and large healthcare networks located there, while suburban hubs like Bloomington attract additional openings from firms based along the Interstate 494 corridor.
Are there remote risk analyst jobs in Minnesota?
Yes, and more than most fields, since risk analysis is fundamentally a desk and data-driven discipline. About 100% of risk analyst openings tied to Minnesota are remote or hybrid as of September 2026, reflecting how readily the work translates to distributed arrangements. Roles focused on quantitative modeling, credit monitoring, and enterprise risk reporting tend to offer the most remote flexibility, while positions requiring close collaboration with trading desks or on-site audit teams lean toward hybrid schedules.
How can I get hired as a risk analyst in Minnesota with little or no experience?
The most realistic entry path is a rotational or analyst development program at one of the Twin Cities' large financial institutions or insurance carriers, where new graduates move across credit, operational, and compliance risk functions before specializing. Firms such as U.S. Bancorp and Allianz Life run structured associate programs that accept candidates without direct risk experience. Lateral moves from adjacent roles like financial analyst, internal auditor, or underwriting assistant are common, and completing the first exam in the FRM series signals commitment that offsets a thin resume.
Where can I find and apply to risk analyst jobs in Minnesota?
You can find and apply to risk analyst jobs in Minnesota on Migrate Mate, which lists current Minnesota openings across financial services, insurance, healthcare, and corporate sectors. Find the roles that fit your background and apply directly to each one.
See All 13 Risk Analyst Jobs in Minnesota
Find roles in Minnesota that match your experience and apply in just a few clicks.
Find Risk Analyst Jobs