Vice President, Enterprise Risk Management

Humana

23h•Remote

About The Position

Become a part of our caring community Enterprise Risk Management Leader The Vice President Enterprise Risk Management (ERM) is responsible for rebuilding and leading a best-in-class ERM program in a complex healthcare environment. This executive will be accountable for designing the risk management strategy, reestablishing organizational capabilities, and overseeing a hybrid staffing model that includes internal and outsourced risk management services. The VP, ERM will drive enterprise wide engagement to ensure effective risk identification, mitigation, and monitoring across all aspects of the organization. This executive works collaboratively with senior leadership, business units, and functional teams to embed a strong risk management culture and to develop and maintain frameworks, policies, and procedures that support effective risk governance.

Requirements

Bachelor’s Degree
Minimum 15 years of progressive risk management or compliance experience within the healthcare industry; minimum of 10 years of leadership experience
Strategic thinker with ability to think “Big Picture” and partner across teams to develop and support best-in-class risk solutions to protect and drive value.
Proven success in rebuilding or maturing an ERM function and managing outsourced or co-sourced teams.
Strong knowledge of healthcare regulations, quality and safety principles, and payer-provider risk arrangements.
Excellent strategic thinking, change management, stakeholder engagement and communication skills.
Familiarity with GRC tools and risk analytics platforms.
Able to challenge the status quo constructively and positively, leading relevant strategies
Strong written and verbal communication skills, with ability to read and understand regulatory communications, able to effectively articulate compelling arguments, positions, strategy and vision.
Strong enterprise mindset, financial acumen, and customer centricity to navigate complexity and support the broader growth aspirations of the business, leverage strategic analysis of data to inform business making decisions.
Demonstrated ability to transition between strategic and operational aspects to deliver on growth, driving innovation/change to improve the business model.
Demonstrated critical thinker that can offer innovative solutions.
Exceptional written, oral, interpersonal, and presentation/communication skills and the ability to effectively interface with senior management and team members.
Strong process improvement skills and demonstrated ability to influence and optimize processes to drive, business synergies and productivity.
Excellent judgment and creative problem-solving skills including negotiations and conflict resolution skills.
Individual with enthusiasm and infectious energy to advance new ideas and methods for proactive, forward-looking risk framework that produces results.

Responsibilities

Lead the transformation and modernization of the ERM function, building new processes, structures, and tools aligned with enterprise objectives.
Reassess existing risk management frameworks, policies and tools to enhance visibility, agility and accountability across the organization.
Drives a strategic program that is proactive in monitoring and analyzing trends, identifying risks (threats and opportunities) and developing actionable insights or impacts to Humana’s objectives, growth and reputation.
Builds and establishes a proactive risk and resilience program that is adopted across Humana and drives value.
Champions and promotes a risk-aware culture throughout Humana, aligning Humana’s strategy with ERM’s objectives and risk appetite.
Establish an ERM roadmap, including program milestones, technology implementation, and staffing strategy.
Monitor changes in the regulatory environment and ensure the organization’s risk management practices are compliant with federal, state, industry and COSO requirements.
Enhance integrated risk reporting for executive leadership, the board and key governance committees, using dashboards, key risk indicators, and risk heat maps.
Partner closely with internal audit, compliance, legal , operational risk, IT and business partners to ensure a coordinated and risk-aware culture.
Build and manage a high-performing ERM team using a hybrid model of internal staff and the selected outsourced provider.
Collaborate closely with outsourced provider to ensure adherence to service-level agreements and performance standards.
Foster a collaborative, high-accountability environment where both internal and external staff contribute to program maturity.
Establish and lead effective enterprise risk management committee governance and reporting, providing valuable reporting and insights to the leadership team and Audit Committee.
Ensures process and tools are established to identify risk themes and effectively communicate and escalate those to leadership as applicable.
Present risk findings and recommendations to executive leadership and the Audit Committee.
Lead risk assessment activities, including risk identification, prioritization, and the establishment of risk appetite and tolerance levels.
Facilitate scenario planning sessions with key stakeholders.
Champion the development and execution of risk education and awareness programs across the enterprise to embed risk awareness into daily operations.
Develop a governance structure for approvals and oversight of new projects (transformation, systems, processes, etc.).
Lead execution of the developed governance structure to provide appropriate oversight for alignment with organizational risk tolerance and strategy.