Manager, Enterprise Risk Management

Job Summary

The Manager, Enterprise Risk Management (ERM) is responsible for designing analytical processes supporting risk measurement, aggregating risk information across all risk types, and reporting results to management. They will assist the business in executing on enterprise risk policies and procedures. This position is responsible for building effective partnerships across assigned areas of risk and helping identify, assess, mitigate, report on, and monitor risk within the stated risk appetite and operational limits.

This position will be a member of the risk organization, representing the second line of defense in enterprise risk management. The role will work regularly with other members of the Risk department, functional business areas, and other risk disciplines across the organization including Legal, Compliance, Information Technology, Information Security, Vendor Management, Internal Audit, and Financial Controls teams.

Duties and Responsibilities

• Identify, implement, and manage risk processes, reporting and Key Risk Indicators (KRIs) that provide an early warning of events or conditions that may impair the performance of the business.
• Perform a comprehensive review and analysis of material risks by monitoring internal and external factors and understanding key business initiatives.
• Author Board and Enterprise Committee reports related to assigned business areas, including enterprise risk dashboards, KRIs, emerging risks, and risk trending based on established risk appetites.
• Research new developments related to Enterprise Risk Management and consult with other Risk team members as appropriate.
• Lead cross-functional mitigation efforts for identified risk or unfavorable trends. Assist in developing appropriate risk mitigation strategies. Partner with process and control owners in control gap remediation.
• Articulate the key operational risks to senior management and the relevant governance forums. This includes identifying areas for process/control improvement.
• Support key operational initiatives such as business continuity planning, information security, policy governance, operational resilience, incident management, and issue management.
• Develop and enhance the operational risk scenario identification and planning process.
• Partner with the Risk team to establish and execute on processes for the review of operational incidents, root cause identification, control remediation, and documentation.
• Ensure appropriate integration and adoption of the operational risk program.
• Ensure appropriate integration of Internal Audit data into the operational risk program.
• Manage and automate enterprise monitoring and reporting tools
• Provide consultative risk advisement services to the business when new products, new processes, or changes are introduced.
• Work collaboratively with other personnel in the Risk department, supporting the expansion of the risk function.

Experience and Education Requirements

• Bachelor’s degree in finance, audit, risk, or related field
• Minimum of 7 years of risk management related experience
• Prior audit experience strongly preferred
• Prior experience working with business continuity planning and/or information security risk is preferred
• Industry designations (CPA, CISA, CRMP, CRM, CERA, CIC, CLU, CPCU, FLMI, MSFS, CIA, CFSA, CRMA, CAMS, etc.) are a plus.

Knowledge, Skills & Abilities

• Effective verbal and written communication skills
• Superior analytical and problem-solving skills
• Team player who is comfortable working in a dynamic, entrepreneurial environment
• Exceptional understanding of the business and control environment in the life insurance, annuities, or pension risk transfer industry and related best practices, including specific industry knowledge of business strategy, operational frameworks, regulatory and financial issues, business continuity, anti-money laundering, and control trends including SOX 404, COSO, NIST, etc.
• Excellent project management skills
• Ability to rapidly understand, assess, and articulate recommendations and solutions to key business issues
• Strong relationship building skills coupled with a focus on client service and ability to influence people

Other Requirements

• Perform other functions, duties and projects as assigned
• Regular and punctual attendance
• Minimal travel required (less than 15%)

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