Director, Risk Management

Freeport LNG•Houston, TX

3d•Onsite

About The Position

The Director, Risk Management serves as Freeport LNG Development, L.P.’s risk management leader, coordinating enterprise risk management, corporate insurance, claims, loss prevention, and business continuity activities. With executive support and approval, the Director executes the Company’s risk management strategy, implements processes to meet legal and contractual risk and insurance obligations, and provides decision-useful risk information to senior leadership. The role leads efforts to identify, assess, mitigate, transfer, monitor, and report material and emerging risks to protect the Company’s people, assets, operations, financial position, and long-term objectives. The Director also manages significant insurance claims, including litigation-related claims, in coordination with the Legal Department. The position oversees enterprise risk governance and reporting; designs and administers corporate insurance programs; manages significant claims and loss-prevention activities; advises on contractual, project, and commodity risks; and leads business continuity and organizational resilience planning. The Director manages the Risk Management Department budget and personnel, advises executive management and business leaders, and supports coordination with HSE and operating personnel. The role is based in Houston, Texas, and operates in a professional office environment within or outside an industrial plant environment. It is primarily sedentary, with the ability to travel by car to other Company work locations and move throughout offices, sites, and facilities as needed. The position supports the policies and programs of the Freeport LNG HSE Management System and gives appropriate priority to HSE considerations, loss prevention, and emergency preparedness.

Requirements

Bachelor’s degree in Business Administration.
At least 10 years of progressively responsible experience in corporate risk management, commercial insurance, insurance brokerage or underwriting, claims, or a closely related discipline.
Experience managing complex insurance programs and enterprise risk management activities.
Strong understanding of enterprise risk management practices, commercial insurance coverage, insurance markets, claims management, loss prevention, and contractual risk transfer.
Strong business and financial acumen and ability to assess risk in the context of commercial and operational objectives.
Ability to translate complex risk information into clear, actionable recommendations for executive management and other decision-makers.
Thorough understanding of contractual insurance compliance requirements, including coverage and evidence-of-insurance requirements.
Excellent negotiation, presentation, written, and verbal communication skills.
Strong judgment and demonstrated ability to manage significant matters involving sensitive or confidential information.
Sound analytical skills and a disciplined, evidence-based approach to decision-making.
Ability to lead across organizational boundaries and work consultatively and collaboratively.
Strong organizational and project management capabilities, including managing multiple priorities and meeting timelines.
Ability to use information technology and software platforms for enterprise risk information, reporting, workflow, and governance.
High degree of integrity, professionalism, accountability, initiative, and attention to detail.
Ability to lift up to 20 pounds as required.
Ability to access files and filing cabinets, bend, stand on a stool, or climb as necessary.
Ability to stand and/or sit continuously to perform essential job functions; talk, hear, stand, walk, use hands to finger, handle or feel, and reach with hands and arms.
Ability to drive to other Company work locations and move throughout offices, site locations, and facilities.

Nice To Haves

Master’s degree in Business Administration, Risk Management, or a related field.
Risk management experience in the energy, industrial, petrochemical, LNG, or another asset-intensive industry.
Experience with property and business interruption exposures, major claims, risk financing, and executive-level risk reporting.
ARM, CPCU, CRM, or another recognized risk or insurance designation.

Responsibilities

Continuously enhance the enterprise risk management framework, coordinating risk identification, assessment, trend analysis, prioritization, mitigation, monitoring, and reporting.
Coordinate periodic enterprise risk assessments with business and functional leaders and facilitate the development and monitoring of mitigation plans.
Integrate operational, strategic, financial, emerging, and commodity-related risks into enterprise reporting and decision processes, including operational risk management.
Develop an integrated risk register, risk metrics, and reporting mechanisms for the Executive Committee and Audit Committee.
Promote risk ownership, incident management, and employee understanding of enterprise risk management responsibilities.
Lead the strategy, design, placement, renewal, and administration of corporate insurance programs.
Evaluate insurance coverage, limits, deductibles, retentions, exclusions, policy wording, insurer participation, and program structures.
Develop underwriting submissions and presentations and represent the Company in meetings with brokers, underwriters, and insurance markets.
Manage relationships with brokers, insurers, underwriters, risk engineers, and other risk management service providers.
Ensure risk exposures, controls, estimated maximum loss values, and business interruption exposures are accurately communicated to insurance markets.
Evaluate risk financing alternatives and recommend program changes.
Oversee notification, administration, strategy, and resolution of significant insured claims in coordination with Legal, insurers, brokers, adjusters, outside counsel, and internal stakeholders.
Monitor loss experience and identify opportunities to reduce loss frequency, severity, and financial impact.
Lead insurance risk engineering, loss control, and site survey activities, coordinating recommendations and follow-up with Operations, HSE, and other functions.
Review significant incident reports and ensure incidents with potential insurance implications are evaluated, documented, and reported.
Partner with Legal and business owners to evaluate insurance provisions in material contracts.
Establish and maintain standards for insurance requirements and evidence of insurance from contractors, counterparties, vessel operators, and other third parties.
Review marine vessel documentation and relevant agreements for applicable indemnity and insurance requirements.
Provide risk and insurance expertise for major projects, commercial arrangements, financing activities, and other strategic initiatives.
Identify and implement opportunities to improve contractual risk transfer and project risk management and reduce uninsured or inadequately managed exposures.
Partner with Commercial, Marketing, and Finance to incorporate commodity price, basis, and related market risks into enterprise risk reporting.
Provide enterprise-level visibility into the effects of commodity volatility on the Company’s financial and operational risk profile.
Support development or refinement of limits, KPIs, and escalation protocols for commodity-related exposures.
Provide leadership and governance for business continuity planning and corporate emergency preparedness.
Oversee business continuity and emergency response planning for Company Headquarters and coordinate with programs for operating facilities.
Coordinate development, maintenance, testing, and continuous improvement of business continuity and severe weather plans.
Align continuity planning with operational and enterprise risks in collaboration with Operations, HSE, IT, Legal, Communications, and other functions.
Develop and manage the Risk Management Department budget and monitor insurance-related expenditures.
Lead, develop, and direct Risk Management personnel, establishing accountabilities and building technical and organizational capability.
Serve as a trusted risk advisor to executive management and business leaders.
Establish priorities, processes, controls, and reporting for the Risk Management function.
Respond to risk management questions and requests from departments across the Company.
Coordinate with HSE to develop and support loss-prevention and safety programs, including meetings, training, and drills at the Terminal and Headquarters.
Support Freeport LNG HSE Management System policies and programs, and ensure HSE considerations receive appropriate priority within the role’s responsibilities.
Perform other responsibilities consistent with the position as assigned.