Associate Vice President, Risk Measurement, Governance & Reporting

Humana•Louisville, KY

About The Position

The Associate Vice President, Risk Measurement, Governance & Reporting leads the design, implementation, and ongoing operation of enterprise risk measurement, governance, and reporting capabilities within Enterprise Risk Management. Reporting to the Vice President, Enterprise Risk Management, this leader translates ERM strategy, risk appetite, and the governance model into practical methodologies, standards, operating routines, and decision-ready insights. The role owns day-to-day operation of enterprise risk measurement, governance, and reporting, including methodologies, governance administration, enterprise reporting, risk appetite monitoring, and related standards. The position partners with business and functional leaders, risk owners, Finance, Compliance, Technology, Internal Audit, Resilience, and other stakeholders to improve the consistency, comparability, and usefulness of risk information. It provides independent second-line oversight and constructive challenge while supporting effective risk governance and informed business decisions. The role leads execution of assigned ERM transformation priorities, maintains supporting policies and guidance, and develops team members responsible for governance administration, measurement, analytics, reporting, and program support. It works within the strategy, risk appetite, policy framework, and priorities established by Enterprise Risk Management, and coordinates executive and Board-facing content with the Vice President, Enterprise Risk Management and other accountable leaders.

Requirements

Bachelor’s degree.
Minimum 10 years of progressive experience in enterprise risk management, operational risk, governance, risk measurement, risk reporting, compliance, internal audit, analytics, finance, or a related discipline.
Minimum 5 years of leadership experience managing teams, enterprise programs, or cross-functional initiatives.
Demonstrated experience designing or operating risk measurement, risk appetite, governance, reporting, or risk analytics capabilities in a complex organization.
Strong understanding of enterprise risk management frameworks, the three lines model, governance practices, risk assessment methods, and executive reporting.
Experience developing key risk indicators, thresholds, dashboards, risk narratives, and management reporting.
Ability to translate complex risk and data concepts into clear, actionable business insights.
Strong judgment, stakeholder management, influence, facilitation, written communication, and executive presentation skills.
Ability to balance effective oversight and challenge with practicality, proportionality, and business value.

Nice To Haves

Experience in healthcare, insurance, financial services, or another highly regulated and complex industry.
Experience partnering with Finance, actuarial, analytics, technology, compliance, audit, or business teams on enterprise risk measurement and reporting.
Working knowledge of capital, financial, operational, strategic, technology, third-party, and resilience risk concepts; deep actuarial specialization is not required.
Experience modernizing risk data, workflow, dashboarding, or reporting capabilities.
Advanced degree or relevant professional certification in risk, finance, audit, analytics, or a related field.

Responsibilities

Design, maintain, and operationalize enterprise methodologies to identify, assess, measure, prioritize, aggregate, and monitor risk across risk categories and business functions.
Translate approved risk appetite statements into measurable tolerances, thresholds, indicators, and monitoring routines.
Establish standards for key risk indicators, key control indicators, risk scoring, trend analysis, scenario analysis, and risk aggregation.
Promote consistent application of measurement methods while allowing proportionate approaches based on risk type, data availability, and decision needs.
Partner with Finance, analytics, technology, and risk owners to use operational, financial, customer, technology, and compliance data to strengthen risk insight and reduce manual reporting.
Identify measurement gaps and recommend priorities for improving data, analytics, monitoring, or methodology.
Operate the enterprise risk governance model and supporting routines established by ERM leadership.
Provide independent second-line oversight and constructive challenge regarding the quality, completeness, consistency, and timeliness of risk identification, assessment, response, monitoring, and escalation.
Maintain and continuously improve the enterprise risk taxonomy and related classification standards.
Establish and administer governance processes, committee support, decision rights, escalation pathways, and accountability mechanisms for the assigned portfolio.
Clarify and reinforce first-line risk ownership and second-line responsibilities for oversight, challenge, aggregation, and reporting.
Monitor adherence to applicable ERM policies, standards, and governance expectations; identify material gaps and elevate significant issues through established channels.
Partner with risk stripe and functional leaders to improve alignment across risk programs without displacing their subject-matter ownership.
Lead development and production of enterprise risk reports, dashboards, analyses, and materials for executive leadership and governance committees.
Develop risk narratives explaining exposure, trends, concentration, interdependency, emerging risks, response status, and changes in enterprise risk posture.
Integrate quantitative and qualitative information into decision-ready views supporting prioritization, resource allocation, and strategic and operational decisions.
Establish reporting standards, data definitions, quality checks, and repeatable production processes.
Coordinate with the Vice President, Enterprise Risk Management on executive and Board-level messaging, significant escalations, and interpretation of enterprise risk posture.
Partner with analytics and technology teams to automate data collection, monitoring, workflow, and reporting where practical.
Lead execution of assigned ERM transformation priorities and convert strategic direction into sustainable operating capabilities.
Maintain policies, procedures, methodologies, standards, and guidance supporting risk measurement, governance, and reporting.
Support enterprise risk assessments and development of governance and measurement capabilities for emerging and evolving risks.
Advise business and functional leaders on practical, proportionate, and business-focused application of ERM standards.
Lead, coach, and develop team members responsible for governance administration, risk measurement, analytics, reporting, and program support.
Promote risk-informed decision making through stakeholder engagement, training, consultation, and clear communication.
Own the design and operation of assigned ERM measurement, governance, and reporting processes within established strategy, risk appetite, policy, priorities, and approval authorities.
Set working standards, methods, reporting requirements, and operating routines for the assigned portfolio, subject to established approval authorities.
Recommend material methodology, taxonomy, risk appetite, governance, and reporting changes to the Vice President, Enterprise Risk Management for approval or broader governance action.
Provide second-line review, challenge, and escalation without assuming first-line ownership of business risks, controls, remediation, or operating decisions.