Director of Risk Management

Altom Transport•Chicago, IL

1d•Onsite

About The Position

The Director of Risk Management will be responsible for identifying, evaluating, and mitigating operational, financial, legal, regulatory, environmental, and strategic risks across Altom Transport’s multi-state bulk hazmat transportation operations. This leader will partner closely with Safety, Operations, HR, Finance, and Executive Leadership to proactively reduce exposure, protect company assets, and ensure regulatory compliance within the highly regulated fuel and chemical transportation industry. This is a high-impact executive-level role reporting directly to senior leadership.

Requirements

Bachelor’s degree in Risk Management, Business, Finance, Law, or related field (Master’s preferred).
8+ years of progressive risk management experience, preferably in transportation, logistics, petroleum, chemical, or other regulated industries.
Strong knowledge of:
FMCSA, DOT, OSHA, PHMSA regulations
Commercial auto and environmental liability insurance programs
Claims management and litigation processes
Experience leading insurance renewals and broker negotiations.
Strong analytical skills with ability to interpret loss data and identify trends.
Executive-level communication and presentation skills.

Nice To Haves

Experience building enterprise risk management (ERM) frameworks preferred.
Professional certifications such as ARM, CRM, CPCU, or similar are a plus.

Responsibilities

Risk Identification & Assessment
Identify operational, financial, regulatory, safety, environmental, and strategic risks specific to bulk liquid and hazmat transportation.
Conduct enterprise risk assessments, internal audits, and scenario analyses (DOT, FMCSA, OSHA, EPA, PHMSA, environmental exposure, cargo liability).
Analyze accident trends, cargo claims, insurance loss runs, and operational exposures.
Risk Mitigation & Internal Controls
Develop and implement risk mitigation strategies aligned with transportation and hazmat industry best practices.
Establish internal controls to reduce claims frequency and severity.
Recommend and implement policies, procedures, and training programs to minimize liability exposure.
Strengthen contractual risk transfer strategies.
Insurance & Claims Management
Oversee corporate insurance programs including:
Auto liability
Cargo
General liability
Environmental liability
Workers’ compensation
Umbrella and excess coverage
Lead insurance renewals, broker negotiations, and coverage analysis.
Manage claims handling, litigation coordination, and loss trend analytics.
Maintain strong relationships with brokers, carriers, and legal counsel.
Compliance & Governance
Ensure compliance with all federal, state, and local transportation regulations (FMCSA, DOT, OSHA, EPA, PHMSA).
Support enterprise risk management (ERM) framework development and reporting.
Monitor regulatory changes impacting the petroleum and chemical transportation industry.
Partner with internal teams to ensure audit readiness.
Safety & Loss Prevention
Collaborate with Safety and Operations leadership to reduce workplace incidents and vehicle accidents.
Analyze preventability trends, near-miss data, and driver safety performance.
Lead loss prevention initiatives and root-cause investigations.
Drive a culture of proactive risk awareness across terminals.
Crisis & Incident Management
Lead or support response to major accidents, hazmat spills, environmental incidents, and high-severity claims.
Coordinate investigations and corrective action plans.
Serve as executive liaison during crisis events.
Vendor & Contract Risk
Review contracts for indemnification language, insurance requirements, and risk transfer provisions.
Evaluate third-party carriers, vendors, and supply chain partners for risk exposure.
Strengthen contractual protections across customer and vendor agreements.
Reporting & Executive Communication
Report risk exposures, mitigation strategies, and KPIs to executive leadership.
Develop dashboards and executive summaries on loss trends and compliance status.
Train leadership and operational teams on risk awareness and mitigation strategies.