Senior Risk Manager (E6050)

IEEE•Piscataway, NJ

About The Position

The Enterprise Sr. Risk Manager is responsible for identifying, assessing, and mitigating risks that could threaten IEEE's objectives, involving financial, operational, strategic, and regulatory domains. Key duties include developing risk management strategies, ensuring regulatory compliance, creating mitigation plans, and reporting on risks to leadership and stakeholders. This role is crucial for maintaining business resilience, profitability, and a positive reputation by proactively managing vulnerabilities and operational threats.

Requirements

Bachelor's degree or equivalent experience Req
10-15 years risk management experience in a program leadership capacity Req
4-7 years hands-on, corporate auditing, compliance, or risk management discipline in the insurance or service sector industries. Req
4-7 years Knowledge in all areas of managing risks, hazards, and exposures. Req
4-7 years Able to identify, analyze, and control operational risks, as well as political risks, catastrophic loss exposures, third-party exposures, fiduciary exposures, employee injury exposures, juridical risks, and legal risks - whether insurable or not. Req
Demonstrated strong leadership and decision-making capabilities.
Possess analytical and problem-solving proficiencies.
Exhibit excellent communication and reporting abilities.
Possess in-depth knowledge of risk management frameworks and regulatory requirements.
Capable of assessing risk within the broader organizational context.
Possess 7-10 years of experience in managing enterprise risk management practices.

Nice To Haves

Master's or other advanced degree Pref
Case Mgmt/Social Services\CSWCM - Social Work Case Manager Certification Pref

Responsibilities

Proactively identify and evaluate potential risks across various categories, including financial, operational, strategic, and cyber threats, to ascertain their potential impact on organizational objectives.
Serve as a Risk Champion, providing coaching and mentorship on core risk concepts through collaboration with cross-functional teams.
Develop and implement strategies, policies, and procedures for the effective management and control of identified risks. This includes the creation of risk mitigation action plans and the definition of risk appetite statements.
Partner with the First Line of Defense (1LOD) to facilitate risk execution and collaborate on Risk Control Self-Assessment (RCSA) activities.
Support the development and enhancement of the RCSA process, including data collection and reporting.
Work in close collaboration with business units to conduct in-depth analyses of key processes, which may encompass documentation of process flows, policy and procedure reviews, and stakeholder interviews.
Monitor and analyze risks within business units, exercising judicious assessment when evaluating both the risk and controls framework.
Utilize Governance Risk and Compliance (GRC) tools to document risk management, monitoring, measurement, and reporting within the division.
Generate reports and present comprehensive risk assessments, management initiatives, and strategic approaches to executive leadership, the board of directors, and other pertinent stakeholders.
Foster a robust risk-aware culture within the organization by educating employees and promoting risk management awareness.