1st Line Senior Risk Manager

Columbia Threadneedle Investments; Minneapolis (MN); Hybrid; USD 115,000 - 157,000; Full time

Job summary

Columbia Threadneedle Investments is seeking an experienced risk professional to support operational/non-financial risk for RiverSource Insurance and Annuities. You will lead risk events coordination, governance, and reporting across regions, and guide remediation efforts while building testing programs for high‑risk processes.

The role requires strong analytical skills, collaboration with leadership, and the ability to work across global teams.

Qualifications

• Bachelor's degree or equivalent.
• 7 to 10 years relevant experience.
• Advanced risk knowledge.

Responsibilities

• Lead risk management strategies to identify, quantify and mitigate risk.
• Establish governance framework and change controls across regions.
• Identify high risk processes and build testing program for annual reviews.
• Be the point person for risk events and remediation efforts.
• Oversee KPI reporting and escalation of risks to senior forums.
• Participate in Operational Resiliency program across in-scope entities.

Skills

Analytical skills

Leadership

Communication skills

Independent worker

Education

Bachelor's degree or equivalent

Job description

About Our CompanyWe’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 DescriptionSupport initiatives to enable the operational / non-financial risk efforts for RiverSource Insurance and Annuities. Lead the coordination of risk events and execution of operational/risk assessment. Gather and report analytics and serve as escalation point of contact/ risk liaison to ensure appropriate information exchange. Pro-actively identify opportunities and recommend solutions to mitigate current and future operational risk. Provide leadership, training, coaching as appropriate.

Key Responsibilities

• Provide operational risk and controls thought leadership and expertise to the business unit. Lead the development of risk management strategies that drive identification, quantification and mitigation of risk within the business, while providing acute depth of knowledge and influence. Benchmark industry-wide data and act as a liaison with industry sources in the business on trends, best practices, issues, and concerns.
• Establish and lead a governance framework designed to monitor and ensure efficacy of operational risk management and process controls within the business unit Influence adoption of governance protocols and change controls across all regions and departments of the business unit. Implement reporting routines that ensure strong communication and interaction with all stakeholders including other Columbia Threadneedle Investments and Ameriprise risk partners.
• Identify high risk processes and controls and build out a testing program to ensure these processes and controls are reviewed and tested throughout the year. Where areas of enhancements are identified, work with the business to implement these changes and perform due diligence on the effectiveness of these processes and controls
• Be the point person for risk events as they occur in the business unit by helping to review and log such risk events in a timely manner. Work with the business on remediation and establish regular working group to track complex risk events. Assess if issues are corrected appropriately and controls/mitigation are put in place. Facilitate and lead crisis prevention sessions and post-follow-up.
• Provide oversight, guidance and leadership on KRI population and risk reporting to senior business forums. Ensure adequate governance of key risks by escalating risks and following up on decisions, where applicable. Working with the business to ensure breaches in KRIs are brought back within tolerances promptly.
• Participate in the Operational Resiliency program for in-scope legal entities. This includes identifying key metrics relating to Important Business Services, establishing service tolerances and performing scenario stress tests throughout the year on operational risk factors.

To be successful in this role you will have...

• Strong analytical, organizational and time-management skills.
• Strong ability to lead a global team, partner and influence across leadership levels.
• Excellent written and verbal communication skills.
• Ability to drive results and meet deadlines.

Must be able to work independently

Required Qualifications

Bachelors degree or equivalent
7 to 10 years relevant experience
Excellent analytical, organizational and time management skills
Ability to meet deadlines while juggling multiple priorities
Strong ability to lead, partner and influence others
Strong verbal and written skills
Advanced Risk knowledge

Preferred Qualifications

Certifications: CFA, CRM or similar
Knowledge of risk and controls management
Strong internal and external relationship management skills
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).

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.

Base Pay Salary

The estimated base salary for this role is $114,500- $157,400 / 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

TNAM Threadneedle Asset Management

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.