Overview:
Position Summary:
The Manager of Enterprise Risk Management (ERM) has a crucial role in protecting the company’s assets, reputation, and operational continuity. The role involves identifying, assessing, and mitigating risks to ensure the company’s long-term success and stability. Leading the risk management processes, collaborating with various departments and stakeholders, and contributing to strategic decision-making are key responsibilities. This position is essential for minimizing risk and ensuring regulatory compliance. Expertise in this role is vital for navigating the complexities of today’s risk landscape, ensuring resilience and adherence to industry regulations.
Geo-Salary Information:
State specific pay scales for this role are as follows:
$115,770 to $214,469 (CA, NJ, NY, WA, HI, AK, MD, CT, RI, MA)
$105,245 to $194,972 (NV, OR, AZ, CO, WY, TX, ND, MN, MO, IL, WI, FL, GA, MI, OH, VA, PA, DE, VT, NH, ME)
$94,721 to $175,475 (UT, ID, MT, NM, SD, NE, KS, OK, IA, AR, LA, MS, AL, TN, KY, IN, SC, NC, WV)
The expected base salary for this position will vary depending on a number of factors, including relevant experience, skills and location.

Responsibilities: Essential Job Functions:

• Develop and implement a corporate ERM strategy that establishes a centralized framework to ensure consistency in risk identification, assessment, and mitigation across all business units/domains.
• Integrate risk management practices between business units/domains to allow for a holistic view of risks that enables coordinated responses to how risks in one business unit might impact others.
• Develop and implement a framework to aggregate risks across business units/domains to provide a comprehensive view of the company’s overall risk exposure, including potential risks that could arise from team decision-making.
• Serve as the lead risk management resource, assisting leadership in owning assigned risks, evaluating possible outcomes, and determining appropriate responses that balance controls against benefits. Provide teams with risk management education and guidance, including how to translate business requests into analytical solutions.
• Establish risk appetite and tolerance levels. Work with risk owners to develop and implement risk mitigation plans and controls to reduce the likelihood and impact of identified risks. Analyze business performance and key risk factors to optimize risk-adjusted returns.
• Gain exposure to catastrophe, large loss, and attritional loss modeling, plus economic, reinsurance, and reserve risk modeling. Maintain our capital model and parameterize various components, analyze and review model outputs, and develop profitability targets for the business.
• Lead discussions to enhance the Company’s overall risk framework and participate in cross-functional initiatives. Take ownership of assigned projects, including project initiation, planning and execution.
• Prepare risk reports for management, including risk exposure and mitigation efforts.
• Ensure compliance with regulatory requirements and industry standards, including climate risk quantification and reporting.
• Stay informed on industry trends and risk management best practices.

Qualifications:
Education:
Minimum:
Bachelor’s degree in Risk Management, Finance, Business Administration, or a related field.
Preferred:
Master’s degree
Experience:
Minimum:
7 years of experience in enterprise risk management, preferably within the insurance industry.

Knowledge and Skills:

• Strong understanding of risk management principles and practices, including proven ability to mentor and educate less experienced talent across the company.
• Strong understanding of insurance products, business drivers and disciplines a plus.
• Ability to solve problems, analyze, research, and think critically when providing risk management support and guidance.
• Ability to network and work collaboratively on ideas and challenges. Effective communication and interpersonal skills.
• Experience in identifying and mitigating technology development risks.
• Strong self-starter with ability to work independently and collaboratively in a team environment.
• Professional certifications such as CRM, ARM, or FRM are a plus.
• Experience with IBM Planning Analytics a plus.
• Strong PC (MS Office) and programming skills (e.g., SQL).
• Excellent written and verbal communication, and presentation skills.
• Skill in reading and understanding financial statements.

About the Company:
Join an amazing team that is consistently recognized for our achievements and culture, including our most recent Forbes award of being one of America’s Best Midsize Employers!

• Develop and implement a corporate ERM strategy that establishes a centralized framework to ensure consistency in risk identification, assessment, and mitigation across all business units/domains.
• Integrate risk management practices between business units/domains to allow for a holistic view of risks that enables coordinated responses to how risks in one business unit might impact others.
• Develop and implement a framework to aggregate risks across business units/domains to provide a comprehensive view of the company’s overall risk exposure, including potential risks that could arise from team decision-making.
• Serve as the lead risk management resource, assisting leadership in owning assigned risks, evaluating possible outcomes, and determining appropriate responses that balance controls against benefits. Provide teams with risk management education and guidance, including how to translate business requests into analytical solutions.
• Establish risk appetite and tolerance levels. Work with risk owners to develop and implement risk mitigation plans and controls to reduce the likelihood and impact of identified risks. Analyze business performance and key risk factors to optimize risk-adjusted returns.
• Gain exposure to catastrophe, large loss, and attritional loss modeling, plus economic, reinsurance, and reserve risk modeling. Maintain our capital model and parameterize various components, analyze and review model outputs, and develop profitability targets for the business.
• Lead discussions to enhance the Company’s overall risk framework and participate in cross-functional initiatives. Take ownership of assigned projects, including project initiation, planning and execution.
• Prepare risk reports for management, including risk exposure and mitigation efforts.
• Ensure compliance with regulatory requirements and industry standards, including climate risk quantification and reporting.
• Stay informed on industry trends and risk management best practices