Vice President, Corporate Risk Officer

MEMIC | Portland, ME

Posted Date 10/05/2018
Description

As a strategic function, the Vice President, Corporate Risk Officer and his or her team play a critical part in the organizations enterprise risk management (ERM) program within the organization by assessing and mitigating significant competitive, regulatory, and technological threats to the company’s capital and earnings. The key objective of the Vice President, Corporate Risk Officer is to provide an integrated risk management framework that considers the full spectrum of risks current and in the future. The purpose of the framework is to help the organization mitigate risks, and provide a full understanding of both the positive and negative potential of the risk involved. By managing the ERM risk strategy, the Vice President, Corporate Risk Officer can balance the enterprise’s portfolio. The Vice President, Corporate Risk Officer is not the owner of business risk, however, incorporates concepts into strategic planning, and risk identification and mitigation activities. The incumbent is responsible for establishing a risk framework to assist in the identification, assessment and management of risks, as well as, analyzing the risk information provided by the organization to create an enterprise-wide risk profile.

  • Assists the Board of Directors and executive team in determining the risk appetite and ensuring it is in line with the business model. In addition, acts as counsel to challenge CEO, board, executive team and broader business partners.
  • Creates an enterprise-wide risk management program that balances framework, policy and process.
  • Develops risk maps and strategic action plans to mitigate the company’s primary threats, and monitor the progress of risk mitigation efforts.
  • Develops and disseminates risk analysis and progress reports to company executives, board members, and employees.
  • Aligns business with balanced risk approach for effective business decisions.
  • Establishes the risk culture with the board and executive team, as well as, builds a network across the business to embed appropriate risk culture through vision and purpose.
  • Oversees the implementation and coordination of operational risk management and mitigation processes to include business continuity/disaster recovery planning, information security, internal audit and input on governing regulatory compliance data.
  • Oversees funding and budgeting of risk management and mitigation projects.
  • Chairs the Enterprise Risk Management Committee.

Requirements

  • Undergraduate degree in finance, economics, business administration, statistics or management and at least ten years of progressively responsible experience for a major company or division of a medium to large company in risk management or an equivalent combination of education and experience required.
  • Post-graduate degree in business administration preferred.
  • Knowledge of and experience with financial compliance requirements, fraud prevention and potential threats to monetary transactions.
  • Helpful to have knowledge of corporate technology systems and networks.
  • Previous audit experience preferred.
  • Must be an excellent communicator and influencer to communicate risk to employees, corporate stakeholders and board members, as well as, influence the organization to make risk-based decisions.
  • Proven ability to drive change and make a positive difference in an organization.
  • Must have strong working knowledge of the business’s operations, finances, legal issues, buyers, suppliers, as well as, internal and external business partners.
  • Full understanding of all ERM principles and techniques is essential. In particular, the need to understand the correlations and interdependencies across business risks and risk types.
  • Strong business acumen and broad-based business skills which include but not limited to: project management, ability to change organizational attitudes and culture, ability to grasp strategy, governance, compliance and performance systems.
  • Must be able to build strong partnerships with business and corporate teams, communicate to a wide variety of audiences in clear, understandable language and be a skilled facilitator of group action.
  • Must have the ability to assimilate and understand a mass of information from a variety of sources within the organization and analysis the data.
Geographic Region
Greater Portland/Casco Bay

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