Enterprise Risk Management Specialist, Principal
About The Position
The Enterprise Risk Management (ERM) Specialist, Principal is responsible for day-to-day execution of the ERM program across the Ascendiun Family of Companies. Reporting to the Director, ERM, this role leads risk identification, assessment, aggregation, and reporting using the Company’s Governance, Risk, and Compliance tool. The Specialist partners with business leaders to develop mitigation strategies, strengthen risk-informed decision-making, and support executive leadership and governance committees in overseeing risk matters. The role executes core ERM deliverables, enhances risk evaluation methods and reporting, oversees specified regulatory and rating agency submissions, and provides second-line-of-defense risk management guidance across the Company. It also participates in governance forums and advises on risk implications related to new products and strategic initiatives. This is a hybrid role. Most teams work in the office two days each week. Employees living more than 50 miles from an office location will work with their manager to determine in-office time based on business need.
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 and ability to synthesize large volumes of qualitative and quantitative information into clear, executive-level risk narratives.
- Executive presence and strong communication and presentation skills, including a proven track record of delivering clear, concise reporting to senior management and executive governance forums.
- Intellectual curiosity and professional skepticism, including 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 other 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, and high-quality risk reporting for the Board of Directors, its committees, and executive leadership.
- Enhance data-driven risk dashboards and metrics that provide actionable insights into the Company’s risk profile and emerging risk trends.
- Review and assess the Company’s risk appetite and tolerance.
- Oversee the 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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What This Job Offers
Job Type
Full-time
Career Level
Principal
