Sr. Risk Analyst

Primient•Schaumburg, IL

3d•$90,476 - $113,095

About The Position

We are seeking a highly skilled and experienced Senior Risk Analyst to help in promoting a culture of proactive risk awareness across all of Primient. The ideal candidate will have strong experience in risk assessment, insurance analysis, and the ability to develop strategies to mitigate risk. This role requires a deep understanding of insurance policies, industry regulations, and advanced risk modeling techniques. You will collaborate with cross-functional teams to identify control gaps, develop remediation plans, and monitor the implementation of controls. In addition this role will provide support in managing insurance policies, practices and compliance & reporting in order to efficiently manage and minimize the cost of premiums and fees.

Requirements

Bachelor’s degree in Business Administration, Finance, Risk Management, or related field.
5+ years of experience in risk management
Experience with risk assessment tools, frameworks, and methodologies (e.g., ISO 31000, COSO ERM).
Strong analytical and problem-solving skills with the ability to assess complex risk scenarios.
Proven ability to collaborate effectively with senior leadership and cross-functional teams.
Exceptional written and verbal communication skills, with the ability to distill complex risk concepts into clear and actionable recommendations.
High attention to detail and organizational skills, with the ability to manage multiple priorities in a fast-paced environment.
Experience in insurance negotiations, selecting brokers and carriers, and managing claims administration. This experience should demonstrate the ability to manage risk transfer and insurance programs effectively.
Previous supervisory or project team experience, with a proven track record of leading and mentoring teams, managing projects, and achieving organizational goals
Proficient in Microsoft Office Suite and risk management software/tools.

Nice To Haves

A Master’s degree or professional certifications (e.g., CRM, ARM, or FRM) is highly preferred.

Responsibilities

Develop, implement, and maintain comprehensive risk management policies and procedures to ensure a robust framework.
Lead and facilitate risk assessments at the enterprise level, including identifying and analyzing key risks in various areas such as operations, finance, cybersecurity, compliance, and strategic initiatives.
Develop and refine risk models and scenarios to evaluate the potential impact of risks on the organization’s objectives.
Collaborate with cross-functional committees/teams to develop and implement risk mitigation strategies, including recommending actions to address identified risks.
Ensure that appropriate controls, policies, and procedures are in place to manage and mitigate risks.
Provide comprehensive training to staff about risk management principles and practices.
Promote a culture of risk awareness within the organization through regular communication and engagement activities.
Prepare detailed reports on risk profiles, risk mitigation plans, and ongoing risk monitoring activities for presentation to senior leadership and stakeholders.
Maintain accurate records of risk assessments, evaluations, and mitigation actions.
Contribute to the development, maintenance, and continuous improvement of the enterprise risk management framework, tools, and processes.
Implement best practices and stay current on industry trends and regulations related to risk management.
Ensure compliance with regulatory requirements related to risk management. Stay informed about changes in regulations and adjust policies and procedures accordingly.
Assist in managing the company's insurance portfolio, including property, liability, workers' compensation, professional indemnity, cyber, and other specialized policies.
Collaborate with internal stakeholders and external insurance providers to manage claims and ensure effective resolution.
Analyze claims data and provide insights to improve the company’s risk profile and reduce future claims.
Build strong relationships with key stakeholders across the organization to ensure risk management initiatives are integrated into day-to-day operations.
Educate and provide guidance to teams on risk management concepts, frameworks, and practices.