Risk Management Manager at Ameriprise Financial in Minneapolis, MN

Risk Management Manager Location: Minneapolis, Minnesota 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 The Bank Risk Office has an exciting opportunity for a Risk Management Manager to join our team. As part of the Second Line of Defense (2LOD), the Bank Risk Office provides independent oversight of risk management activities across the Banking and Cash Solutions business unit, including Ameriprise Bank, FSB. The Risk Management Manager will provide operational and financial risk oversight by leading the development of key risk controls and providing independent oversight and effective challenge of day-to-day risk activities across Banking and Cash Solutions. The Bank Risk Office independently monitors, challenges, and reports on the effectiveness of the First Line of Defense (1LOD) in identifying and managing operational risks in alignment with the Operational Risk Management Committee (ORMC). Key Responsibilities: Lead Operational Risk Framework Execution: Coordinate and oversee implementation of the operational risk framework across Banking and Cash Solutions, ensuring adherence to ORM Center of Excellence (COE) standards and providing independent oversight, effective challenge, and insights into the level and direction of operational risk across the business. Risk and Control Self-Assessments (RCSAs): Guide business teams in proactively identifying, assessing, and mitigating risks; enhance risk awareness and strengthen control design and monitoring. Process Reviews: Evaluate business processes to confirm that control structures are appropriately designed and operating effectively to mitigate identified risks. Control Testing: Oversee testing activities to assess the effectiveness of systems, processes, and controls; identify control gaps and provide independent oversight and effective challenge of remediation activities; support compliance with regulatory requirements and enhancement of operational effectiveness. Risk Event Management: Ensure business units consistently log and manage risk events; support root cause analysis and remediation planning; and provide independent oversight and challenge prior to closure of events by the First Line of Defense (1LOD). Change Management: Support change management initiatives as assigned. Risk Escalation: Elevate significant operational risks to Bank Risk Office leadership when they present or may present material impacts to company performance, strategy, or reputation, ensuring timely awareness, transparency, and appropriate governance escalation. Policy & Metric Development: Enhance and maintain operational risk measurement policies, procedures, and metrics, ensuring alignment with enterprise risk frameworks and applicable regulatory expectations. Risk Reporting: Strengthen risk reporting by applying research, industry best practices, and operational knowledge to produce clear, concise, and actionable insights that inform decision-making across senior leadership, risk governance forums, and business partners. Required Qualifications: Bachelor’s degree or equivalent experience 5 years of relevant operational or financial risk management experience. Strong analytical, organizational, and time management capabilities. Strong oral and written communication skills; can adapt communication and presentation style to fit various audiences. Influence stakeholders, build partnerships, provide effective challenge, and facilitate alignment across all levels of the organization, while navigating complex, sensitive situations. Ability to manage multiple priorities and deadlines simultaneously. Preferred Qualifications: Knowledge of risk management frameworks, including control programs, issue management, change management, and third-party risk oversight. 1-3 years of demonstrated leadership experience (direct or indirect, including coaching or mentoring). 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 $87,400- $120,200/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 Business Support & Operations Line of Business AWMRO AWM Risk Office 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.