VP, Chief Risk& Assurance Officer

CUNA Mutual Group   •  

Madison, WI

Industry: Accounting, Finance & Insurance


Not Specified years

Posted 30 days ago

This job is no longer available.

Key Responsibilities of the Role:

  • Responsible for both the Internal Audit and Enterprise Risk Management functions of the company
  • Develop and oversee the strategy for providing an integrated Governance, Risk & Assurance delivery model that provides insight and value-added risk management advisory and assurance services using a risk-based approach
  • Ensure CUNA Mutual’s long-term risk profile remains within defined risk appetite, set by management and approved by the board, in a dynamic and highly regulated market environment
  • Deliver ORSA report annually
  • Integration ofriskmanagement concepts and behaviors into all levels of the company to aid in successful business objective execution:
    • Further embed three lines of defense into operating model
    • Integrate risk concepts into enterprise strategic planning as it relates to risk appetite framework, risk policies and riskprocesses
    • Advance risk culture and awareness. Embed a risk management culture that is viewed as a strategic, value-add and offensive in posture
    • Mobilize the team and the organization to embed risk awareness and mitigation effectiveness considerations into business decisions
  • Ensure delivery of strong, pragmatic, value-add ERM and Assurance framework(s):
    • Mature riskreporting and processes. Advance corporate value through increased automation of risk tracking/data collection, and analytics that provide enterprise level risk and control insight
    • Maintain quality assurance program
  • Provide enterprise levelriskinsight and challenge:
    • Help business units achieve their business goals and objectives by furnishing them with risk analyses, review, recommendations and advice
    • Stay current on macro-economic political, legislative/regulatory and social trends, and anticipate how they may impact CUNA Mutual’s risk profile and reputation
    • Participate in strategy review meetings
  • Keep Stakeholders informed, including:
    • ORSA Report (November) and ERM Update (May) to the Governance Committee
    • GRA Strategic Plan and Charter (November) to the Audit Committee
    • CRO Risk Report (May) to the full board
    • Quarterly Risk Committee meetings
    • Bi Monthly Risk Response Team meetings
  • Provide Leadership and Management of the GRA team:
    • Attract, recruit and develop top talent
    • Motivate the team, delegate effectively, celebrate diversity within the team, and manage performance
    • Bring thought leadership to the organization with respect to talent development, succession, and recruitment best practices while ensuring practical business solutions

Key Partners/Stakeholders:

  • Chief Executive Officer
  • Executive Leadership Team
  • Board of Directors and various Board committees
  • Second line of defense risk management areas, including: FRC, BR, SVMO, SMO, PMO, Enterprise Data, ALM, Investment Risk, HR, Actuarial
  • External Auditor, Regulators, Rating Agencies
  • LOMA CRO roundtable, IIA Members

Required Background, Experience & Achievements:

  • Financial Services, Insurance and/or other regulated industry experience in a customer-centric organization
  • Background in risk management concepts and execution whether from an actuarial, accounting, legal and/or audit perspective
  • Understanding of asset and liability management principles
  • Highly analytical and diligent with ability to distill critical information for all stakeholders, while also being level-headed and practical
  • Comfortable constructively challenging business leaders thinking to ensure that CUNA Mutual achieves its risk management, operational and commercial performance objectives
  • Ability to make decisions that balance a variety of factors (e.g. cost, risk, short-term versus long-term impact) to achieve optical outcome
  • Exposure to Board of Directors as an active member or occasional presenter

Job Id: R-004068