VP, Chief Risk Officer - Corporate (Hybrid)

TruStage•Madison, WI

4d•Hybrid

About The Position

At TruStage, we’re on a mission to make a brighter financial future accessible to everyone. We put people first, and work hand in hand with employees and customers to create a diverse and inclusive environment. Passionate about building insurance and financial services solutions, we push the boundaries of what’s possible. We need you to help us shape what’s next. You’ll be encouraged to share your experiences, ideas and skills to help others take control of their financial future. Join a team that has received numerous awards for being a top place to work: TruStage awards and recognition Job Purpose: The Vice President, Chief Risk Officer (CRO) is responsible for leading the company’s Enterprise Risk Management (ERM) function and serving as the senior executive accountable for identifying, assessing, monitoring, and managing risks to the organization’s financial strength, solvency, and policyholder interests. Reporting to the Chief Financial Officer, the CRO leads the second line of defense and provides independent risk oversight and credible challenge to management decision‑making. The CRO partners closely with Actuarial, Finance & Accounting, Legal & Compliance, Investments, IT/Cybersecurity, Operations, and Internal Audit to ensure a coordinated, risk‑based approach that meets regulatory and rating‑agency expectations while supporting strategic objectives.

Requirements

Bachelor’s degree in Actuarial Science, Finance, Accounting, Economics, or related field; advanced degree preferred.
12+ years of progressive experience in insurance risk management, actuarial, finance, or related disciplines, including senior leadership experience.
Strong knowledge of NAIC regulatory frameworks, including ORSA and RBC, and experience interacting with regulators and rating agencies.

Nice To Haves

Professional credentials such as FRM, CERA/ASA/FSA, CFA, CPA, or equivalent strongly preferred.

Responsibilities

Lead and maintain the company’s ERM framework, including risk governance, risk taxonomy, policies, and reporting aligned with a Three Lines Model.
Establish and oversee the risk appetite statement, limits, and escalation protocols; monitor key risk indicators and emerging risk trends.
Lead the company’s Own Risk and Solvency Assessment (ORSA), including stress testing and scenario analysis; prepare management and Board‑level ORSA reporting.
Provide independent oversight and challenge related to capital adequacy, liquidity, ALM, reinsurance strategy, and Risk‑Based Capital (RBC) considerations.
Oversee second‑line risk management for insurance risk (underwriting, pricing, reserving), investment and market risk, and operational, technology, cyber, and third‑party risk.
Serve as a senior risk partner for regulatory examinations, insurance department interactions, and rating agency reviews.
Produce clear, Board‑ready risk reporting and present regularly to executive management and Board committees as appropriate.
Coordinate closely with Internal Audit and Compliance to align assurance activities while maintaining independence and clear role boundaries.
Promote a strong risk culture emphasizing accountability, transparency, and policyholder stewardship.