Corporate Planning & Management - Dallas - Vice President, Risk Governance - 9974368
About The Position
Responsible for insurance procurement, administration, and compliance for the firm’s global insurance portfolio, including establishing procedures, standards, and specifications. Determine and negotiate insurance requirements based on business needs and regulatory obligations, ensuring contractual and regulatory compliance. Identify, analyze, and monitor operational and emerging risks across business processes, mapping exposures to insurance solutions and advising on enhancements. Assess business requirements, monitor performance, and drive improvements in risk management and insurance processes. Collaborate with the global operational risk team to evaluate the firm’s operational risks and new activities to work through hypothetical claims scenarios and expected insurance response. Monitor insurance market and litigation trends to assess external claim developments and share best practices across teams to strengthen risk controls.
Requirements
- Master’s degree (U.S. or foreign equivalent) in Economics, Finance, Mathematics, Accounting, Business Administration or related field and three (3) years of experience in the job offered or in a related role OR Bachelor’s degree (U.S. or foreign equivalent) in Economics, Finance, Mathematics, Accounting, Business Administration or related field and five (5) years of experience in the job offered or in a related role.
- Performing data and contractual analysis of underwriting information, insurance policies, binders and endorsement to create, develop and ensure accuracy and adequacy of terms and conditions.
- Conducting scenario analysis, including catastrophic and statistical loss modeling, to evaluate the probability of natural catastrophic events, identify and quantify trends, and prepare summary presentations on potential loss scenarios.
- Knowledge of global insurance regulatory requirements and restrictions to identify and quantify exposures and recommend strategies to ensure compliance.
- Monitoring insurance market and litigation trends to identify external claim developments and advise on policy contract impacts and enhancement requirements.
- Administration of insurance captive including oversight of operational, financial performance and knowledge of compliance regulatory requirements.
- Presenting insurance terms, underwriting data and business requirements to global insurance company underwriters.
Responsibilities
- Insurance procurement, administration, and compliance for the firm’s global insurance portfolio.
- Establishing procedures, standards, and specifications for insurance.
- Determining and negotiating insurance requirements based on business needs and regulatory obligations.
- Ensuring contractual and regulatory compliance.
- Identifying, analyzing, and monitoring operational and emerging risks across business processes.
- Mapping exposures to insurance solutions and advising on enhancements.
- Assessing business requirements, monitoring performance, and driving improvements in risk management and insurance processes.
- Collaborating with the global operational risk team to evaluate the firm’s operational risks and new activities.
- Working through hypothetical claims scenarios and expected insurance response.
- Monitoring insurance market and litigation trends to assess external claim developments.
- Sharing best practices across teams to strengthen risk controls.
Benefits
- Employee referral program with monetary incentives.
- All travel costs covered by the firm.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
