Job FamilyOperational Risk
Job Description SummaryLead key components of the Protection Solutions and Savings & Investment (PS&SI) first line risk management program. Ensure risk considerations are embedded within business operations through the identification, assessment, monitoring, mitigation, and reporting of operational risks while partnering with leaders to maintain an effective risk profile.
Job Description Responsibilities- Lead end-to-end business risk activities, including risk assessments, control evaluations, control testing, monitoring, and remediation efforts and identification of emerging risks and thematic risk trends.
- Support risk management activities for major PS&SI business initiatives and strategic projects, process changes and transformation efforts including assessment of potential risk impacts and mitigation strategies.
- Recommend process and control improvements to strengthen risk mitigation, operational efficiency, and quality outcomes.
- Manage risk issue activities, including identification, impact assessment, root cause analysis, action planning, validation, remediation tracking and reporting.
- Challenge process and business owners on risk decisions, control design and remediation plans to ensure actions appropriately address identified risks.
- Advise business leaders on complex risk matters and provide recommendations to support informed decision-making.
- Provide guidance on process reviews, process mapping, control design, insufficient documentation or control gaps, process mapping and identification of new controls, and automation opportunities.
- Develop and maintain risk reporting dashboards, and management reporting to communicate key risk information and trends.
- Partner with stakeholders across the organization, including operations, technology, compliance, legal and second line risk to promote a strong risk and control environment and address cross-functional risks and dependencies.
- Support strategic initiatives by evaluating risk impacts, identifying emerging risks and cross-functional dependencies and recommending mitigation strategies.
Qualifications- Bachelor's degree in accounting, finance, business, or related field
- Eight years of experience in risk management, operational risk management, internal controls, audit or compliance disciplines
- Experience leading operational risk management, internal controls, audit, compliance, or governance activities
- Expertise in control testing and operating effectiveness assessments
- Knowledge of risk management principles, including risk assessments, process flows, control evaluation, testing, monitoring, and remediation
- Strong analytical skills with the ability to identify risk trends and evaluate changing risk levels
- Ability to prioritize multiple initiatives in a fast-paced environment
- Strong attention to detail and accuracy
- Sound judgment and problem-solving skills
- Ability to effectively present information and interact with all levels of management
- Strong relationship-building and collaboration skills
- Excellent oral and written communication skills
Preferred Qualifications- Experience in the insurance or financial services industry
- Experience supporting enterprise risk management, governance, regulatory, or compliance initiatives
- Experience leveraging data analytics or reporting tools to support risk monitoring and decision-making
Working Conditions- Hybrid office environment (Tuesday, Wednesday, Thursday)
- Locations: Denver, Cedar Rapids, Baltimore
- Moderate Travel 10 to 25%
- Travel to support risk assessments, stakeholder meetings, project initiatives, and other business risk activities
Compensation
The Salary for this position generally ranges between 170,000-180,000 annually.
Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
What We Offer For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.
Compensation Benefits
- Competitive Pay
- Bonus for Eligible Employees
Benefits Package
- Pension Plan
- 401k Match
- Employee Stock Purchase Plan
- Tuition Reimbursement
- Disability Insurance
- Medical Insurance
- Dental Insurance
- Vision Insurance
- Employee Discounts
- Career Training & Development Opportunities
Health and Work/Life Balance Benefits
- Paid Time Off starting at 160 hours annually for employees in their first year of service.
- Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
- Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
- Parental Leave - fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
- Adoption Assistance
- Employee Assistance Program
- Back-Up Care Program
- PTO for Volunteer Hours
- Employee Matching Gifts Program
- Employee Resource Groups
- Inclusion and Diversity Programs
- Employee Recognition Program
- Referral Bonus Programs
