AVP, Operational Risk

Assistant Vice President, Operational Risk

Sompo has a unique opportunity for an Assistant Vice President, Operational Risk to join our North America Risk team.

As an Assistant Vice President, Operational Risk, you will be supported by the wider Group Risk Function comprising several centers of core risk competency including exposure management, ERM and reporting, operational risk management, risk modelling and validation / research. Each of these global teams are led by experienced risk professionals who are charged with establishing best practices, developing global capabilities, and providing group-wide support.

Location : This position will be based out of our New York, NY office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Our business, your impact, our opportunity :

What you'll be doing :

• Lead the North America RCSA process across underwriting, claims, operations, and support functions, ensuring quality and completeness of risk registers and self-assessments. Provide training and expert guidance on the GRC system.
• Manage the risk incident process, overseeing root cause analysis, impact assessments, and documentation to mitigate operational risks.
• Deliver 2nd line assurance and monitoring for strategic growth initiatives and key projects, proactively managing risks.
• Develop and present operational risk reports and dashboards to regional executives, highlighting key risks and trends to support decision-making.
• Lead governance and control reviews to strengthen controls and ensure compliance.
• Collaborate with internal control functions, including Internal Audit and Compliance, aligning on annual assurance plans and enterprise risk activities.

ERM & Reporting :

What you'll bring :

Salary Range : $165,000 $185,000. Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.

Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs :

In today's world, what do we stand for? Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. To learn more about life at Sompo, click here.

Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone's unique contributions we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.