Enterprise Risk Management Consulting

JOB DESCRIPTION

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines :

Establish partnerships with the business to serve as a specialized point of contact for enterprise or business unit risk-related matters.

Develops effective partnerships with key stakeholders to capture business process requirements, and help translate these requirements into technical solutions to drive efficiency for the organization.

• Perform timely identification, assessment and quantification of insurance risks by owning and executing on related ERM processes.
• Coordinate and manage business level risk committees and forums to allow for continuous risk dialogues and enhancement of risk culture.
• Partners with the business on ongoing enhancements and develops forward looking key risk indicators used in the management of business risk reporting for committees and forums.
• Conduct periodic risk assessments to validate efficacy of controls and levels of residual risk. Implements risk management programs consistent with the organization’s strategic plan.
• Advise, train and coach stakeholders to create greater transparency and understanding of effective controls.
• Partner with Corporate Compliance and Internal Audit on the Three Lines of Defense and ensure an effective and efficient feedback loop therein.
• Facilitate setting of meaningful risk appetite statements for the business; oversee resulting limits and ensure alignment with enterprise risk tolerances.
• Promote the utilization and embedding of economic capital and a risk / return framework within the business, bringing quantitative capabilities to the forefront.
• Produce advanced quantitative analyses in support of business decisions and scenario analysis, partnering closely with Exposure Management and Economic Capital Modeling.

May perform additional duties as assigned.

Reporting Relationship

AVP or above

Skills, Knowledge & Abilities

Experienced thought leader with a track record of leading transformational projects and optimizing reporting used in decision-making.

In-depth and proven understanding of enterprise risk management practices coupled with a good understanding of the industry including a broad understanding of underwriting, claims, reserving, pricing, and product development.

• Ability to collaborate with business and functional experts to provide risk assessment guidance, recognize risks and design control enhancements.
• Excellent analytical and problem solving skills, with the ability to effectively plan and direct multiple projects and project work teams.

Exhibited sense of urgency to drive effective change across functions in a large organization

• Excellent interpersonal, presentation, verbal and written communication skills, with the ability to effectively interact with internal and external business partners.
• Ability to exercise professional judgment and assume responsibility for decisions which have an impact on people and quality of service.
• Strong knowledge of Microsoft Office Suite, accounting systems and applications, and other business-related software.
• Strong knowledge of data modeling development and reporting in data visualization tools such as Looker, Tableau, ThoughtSpot is a plus.

Education & Experience

• Typically a minimum of ten years related risk and / or insurance experience. Candidates at lower experience levels may be considered, position level will be determined based on qualifications.
• Progressive experience leading teams and projects.
• Applicable certifications e.g. PRM, FRM, CPCU and / or professional / insurance designation, a plus.
30+ days ago