Director Enterprise Risk Portfolio Management

Target; Minneapolis (MN); On-site; USD 161,000 - 217,000; Full time

Job summary

Target is seeking a Director Enterprise Risk Portfolio Manager to lead the Portfolio Management function, shaping risk frameworks and guiding top enterprise risks across stores, supply chain, and corporate locations.

The role requires executive presence, strategic direction, and strong leadership of a high-caliber team, with on-site work three days a week and collaboration across VP and board audiences.

Qualifications

• BS/BA in business-related field or equivalent experience.
• MBA or MS preferred or graduate-level education in risk management or business administration.
• Certification such as CRISC, COSO, PMP or CIA is valued.

Responsibilities

• Set the strategic vision and operating model for the Portfolio Management function.
• Lead and develop the team of Enterprise Risk Portfolio Leads.
• Shape enterprise risk frameworks, risk appetite statements and escalation protocols.
• Synthesize portfolio risks across units and communicate with executives.
• Partner with ERM leadership and internal audit for governance and reporting.
• Champion adoption of genAI and analytics to enhance risk visibility.

Skills

Strategic leadership

Executive communication

Risk management

Portfolio management

Data analysis

GenAI proficiency

Education

BS/BA in business-related field

MBA or MS

Risk management certification (CRISC, COSO, PMP, CIA)

Tools

Power BI

Tableau

RiskCloud

GRC platforms

Job description

The pay range is $135,000.00 - $243,000.00

Pay is based on several factors which vary based on position. These include labor markets and in some instances may include education, work experience and certifications. In addition to your pay, Target cares about and invests in you as a team member, so that you can take care of yourself and your family. Target offers eligible team members and their dependents comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more, to help you and your family take care of your whole selves. Other benefits for eligible team members include 401(k), employee discount, short term disability, long term disability, paid sick leave, paid national holidays, and paid vacation. Find competitive benefits from financial and education to well-being and beyond at https://corporate.target.com/careers/benefits.

Job Title: Director Enterprise Risk Portfolio Manager

Classification: Exempt

Date: September 2026

About Us

Working at Target means helping all families discover the joy of everyday life. We bring that vision to life through our values and culture. Learn more about Target here.

To match the signature style and passion of Target’s distinctive and beloved retail brand, Target Legal Affairs is a dynamic and deeply knowledgeable team of legal, risk and compliance professionals, each with valuable expertise from several disciplines. Whether specializing in government affairs, policy, risk management, regulatory compliance, ethics, security, employee relations or other risk-based disciplines, this team advocates for Target and its business plans and works across the entire company to provide internal clients with cohesive guidance.

We are committed to being internal experts on key issues that affect Target’s ability to productively, ethically and securely do business. We focus on defining, investigating, anticipating, and mitigating risk in all its forms. We help protect Target and its subsidiaries by applying our comprehensive understanding and interpretation of the risks and requirements that govern our stores, supply chain, distribution centers and corporate locations.

Here, you’ll enjoy working autonomously with a healthy work-life balance. Your passion for learning the business, building relationships with senior leaders and key business partners, and translating complex risk information into practical guidance will be key to tackling the ever-changing risk and governance challenges we face in a dynamic and fast-paced retail landscape.

A role in Enterprise Risk Management means you will help protect Target by identifying, assessing and managing a portfolio of top strategic, financial, operational, compliance, reputational and event-based risks the company faces. You will also play a key role in facilitating the company’s holistic Enterprise Risk Management program, strengthening the company’s risk acumen and providing strategic direction to company leaders on the most important risks.

This role leads the Enterprise Risk Portfolio Management function, providing strategic direction and oversight for a team of Enterprise Risk Portfolio Leads. The Director sets the vision, standards and operating model for enterprise risk portfolio management for top enterprise risks, strategic risks, and business unit level risks.

• Set the strategic vision, priorities and operating model for the Portfolio Management function, including the program maturity roadmap, milestones and success metrics to advance capabilities over time.
• Lead, develop and manage the team of Enterprise Risk Portfolio Leads, providing coaching, performance management and career development.
• Shape and refine enterprise risk frameworks, risk tolerance, escalation protocols, taxonomy and portfolio management methodologies, standards and scoring used by the Portfolio Lead team.
• Synthesize portfolio-level risk insights across all business units to identify enterprise-wide themes, trends, interdependencies and emerging risks, and ensure the team is positioned to support scenario planning.
• Regularly engage through risk assessments on top enterprise and business unit risks with senior and executive leaders (VP and above) and represent the function in cross-functional leadership routines
• Establish partnerships with VP functional leaders and regularly participate in functional team meetings to be informed of key priorities across the enterprise
• Deeply understand the enterprise strategy and company performance indicators to lead evaluations of the overall effectiveness of the top enterprise risk portfolio
• Partner with ERM leadership, Internal Audit, and other second- and third-line functions to develop Board-level reporting, inform assurance planning and strengthen integrated risk governance.
• Champion innovation in risk management practices, including adoption of genAI, advanced analytics and technology-enabled approaches to enhance risk visibility and reporting alongside Enterprise Risk Governance
• Must be willing to be onsite 3 days per week
• Perform other duties as assigned.

About You

• BS/BA in a business-related field or equivalent combination of education and experience.
• Minimum of 10+ years of directly related experience in enterprise risk management, compliance, audit, governance or a related field.
• Minimum of 3+ years of direct people leadership experience, including managing and developing professional-level team members.
• Excellent communication and facilitation skills with strong executive presence and comfort presenting to VP-level and Board-level audiences.
• Demonstrated ability to set strategic direction, lead high-performing teams, drive organizational change and influence senior stakeholders across functions.
• Ability to synthesize complex risk information into clear, actionable insights for diverse executive audiences.
• Experience designing or evolving enterprise risk frameworks, risk appetite statements, escalation protocols or portfolio management methodologies.
• Strong program management and creative problem-solving skills, with ability to manage competing priorities and connect risk signals to strategic decision-making.
• Established acumen with genAI tools
• Risk management, compliance, audit or program management certification (e.g., CRISC, COSO, PMP, CIA).
• Experience in corporate environment working in a matrixed operation.
• Experience with RiskCloud, GRC platforms, Power BI, Tableau or comparable dashboard tools.
• Experience with enterprise risk, compliance management systems, control frameworks or integrated assurance practices.
• Advanced degree (MBA, MS) or graduate-level education in risk management, business administration or a related discipline.

Reports to: Senior Director Enterprise Risk Management and Activation

Benefits Eligibility

Please paste this url into your preferred browser to learn about benefits eligibility for this role: https://tgt.biz/BenefitsForYou_F

Americans With Disabilities Act (ADA)

In compliance with state and federal laws, Target will make reasonable accommodations for applicants with disabilities. If a reasonable accommodation is needed to participate in the job application or interview process, please reach out to [e-mail]. Non-accommodation-related requests, such as application follow-ups or technical issues, will not be addressed through this channel.