Enterprise Risk Management Specialist, Principal

Blue Shield of California•Oakland, CA
•$155,248 - $232,996•Hybrid

About The Position

The Enterprise Risk Management Specialist, Principal is responsible for the day-to-day execution and ongoing maturity of the Enterprise Risk Management program for the Ascendiun Family of Companies. The role partners with business leaders to identify, assess, aggregate, and report risks using the company’s Governance, Risk, and Compliance tool; develop mitigation strategies; strengthen risk-informed decision-making; and support executive and governance committee oversight of risk matters. The position reports to the Director, ERM. The role is hybrid, balancing in-office collaboration with flexibility. For most teams, this means working in the office two days each week. Employees living more than 50 miles from an office location will determine in-office time with their manager based on business need. The position is based in an office and home-office/deskwork environment, with a sedentary activity level for most of the workday.

Requirements

  • Bachelor’s degree, or a high school diploma/GED and four years of additional relevant experience in lieu of a degree.
  • 10 years of prior relevant experience.
  • Mastery-level knowledge of Enterprise Risk Management standards and processes.
  • Prior health insurance industry experience.
  • Strong analytical skills, including the ability to synthesize large volumes of qualitative and quantitative information into clear, executive-level risk narratives.
  • Executive presence and strong communication and presentation skills, with a proven track record of developing and delivering clear, concise reporting to senior management and executive governance forums.
  • Demonstrated intellectual curiosity and professional skepticism, including the ability to validate assumptions, examine underlying issues, and ask insightful questions that identify meaningful risks and opportunities.

Nice To Haves

  • Professional certifications such as CPA, CIA, FSA/ASA, or CFA.
  • Additional degrees such as an MBA or JD.
  • Experience in highly regulated industries such as finance/banking, pharmaceuticals, defense/aerospace, manufacturing, or energy/utilities.

Responsibilities

  • Execute ERM program deliverables, including the Enterprise Risk Assessment, Top Risk Profile, risk scenario modeling, Key Risk Indicator monitoring, risk register administration, and maintenance of ERM policies, procedures, and frameworks.
  • Enhance qualitative and quantitative risk evaluation methodologies based on industry standards and best practices.
  • Partner with business risk owners to develop, document, and implement mitigation plans for identified risks.
  • Prepare clear, concise, timely, high-quality risk reporting for the Board of Directors, its committees, and executive leadership.
  • Enhance data-driven risk dashboards and metrics to provide actionable insights into the company’s risk profile and emerging risk trends.
  • Review and assess the company’s risk appetite and tolerance.
  • Oversee preparation, maintenance, and filing of regulatory submissions, including the Own Risk and Solvency Assessment (ORSA) Report and Form F, as well as rating agency deliverables.
  • Provide second-line-of-defense risk management oversight, guidance, training, and coaching across the company.
  • Participate in key governance forums and advise on risk implications of new products and changes to strategic initiatives.
  • Build trusted relationships with senior business leaders and key stakeholders.
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