How much does a Chief Risk Officer make in Minnesota? The average Chief Risk Officer salary in Minnesota is $286,091 as of April 24, 2024, but the range typically falls between $242,728 and $334,267. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Chief Risk Officer Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Chief Risk Officer Salary $203,249 MN April 24, 2024
25th Percentile Chief Risk Officer Salary $242,728 MN April 24, 2024
50th Percentile Chief Risk Officer Salary $286,091 MN April 24, 2024
75th Percentile Chief Risk Officer Salary $334,267 MN April 24, 2024
90th Percentile Chief Risk Officer Salary $378,130 MN April 24, 2024
25% $242,728 10% $203,249 90% $378,130 75% $334,267 $286,091 50%(Median) Didn’t find job title? Click
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What skills does a Chief Risk Officer need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.

2.

Credit Risk: Credit risk is the possibility of loss due to a borrower's defaulting on a loan or not meeting contractual obligations.

3.

Portfolio Management: Portfolio management is the selection, prioritisation and control of an organisation's programmes and projects. The goal is to balance the implementation of change initiatives and the maintenance of business-as-usual, while optimising ROI.

Risk Management 25.71%
Credit Risk 1.85%
Portfolio Management 1.18%
Others 71.26%

Job Description for Chief Risk Officer

Chief Risk Officer oversees all aspects of an organization's risk management function. Responsible for planning and developing business analysis, risk modeling, and loss prevention programs. Being a Chief Risk Officer designs strategic initiatives to protect assets from economic, market, and regulatory risks that the organization is exposed to. Requires a bachelor's degree. Additionally, Chief Risk Officer typically reports to Chief Executive Officer (CEO). Responsible for the development of functional or business unit strategy for the entire organization. Defines corporate vision and strategy establishes company direction and focus. Executes multiple high impact initiatives to achieve overall corporate goals. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Chief Risk Officer in Minnesota
  • Chief Financial Officer (onsite/hybrid)*Candidates interested in this position should apply here: https://www.linkedin.com/jobs/view/3835367074COMPANY BACK...
    - 3 Days Ago
  • CLA is a top 10 national professional services firm where our purpose is to create opportunities every day, for our clients, our people, and our communitie...
    - 3 Days Ago
  • Job Details Description Chief Revenue Officer Who We Are Since 1955, we have been on a mission To Passionately Feed Millions Daily with High Quality Food P...
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  • Apply for Job. Job ID. 360396. Location. Twin Cities. Job Family. Administration-General. Full/Part Time. Full-Time. Regular/Temporary. Regular. Job Code. ...
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  • Apply for Job. Job ID. 360396. Location. Twin Cities. Job Family. Administration-General. Full/Part Time. Full-Time. Regular/Temporary. Regular. Job Code. ...
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Location Avg. Salary Date Updated
Location Lakeville, MN Avg. Salary $294,761 Date Updated April 24, 2024
Location Minnetonka, MN Avg. Salary $296,718 Date Updated April 24, 2024
Location Ada, MN Avg. Salary $264,278 Date Updated April 24, 2024
Location Adams, MN Avg. Salary $277,701 Date Updated April 24, 2024
Location Adolph, MN Avg. Salary $270,151 Date Updated April 24, 2024
Location Adrian, MN Avg. Salary $249,735 Date Updated April 24, 2024
Location Afton, MN Avg. Salary $294,481 Date Updated April 24, 2024
Location Ah Gwah Ching, MN Avg. Salary $268,473 Date Updated April 24, 2024
Location Aitkin, MN Avg. Salary $270,430 Date Updated April 24, 2024
Location Akeley, MN Avg. Salary $268,752 Date Updated April 24, 2024
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Chief Risk Officer Salary in Minnesota
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