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Director, Operational Risk
US +4 more…$138K - $262K / yearPosted 6 days ago
Full-timehybriddirector
Job Description
Job Summary
This role leads multiple dimensions of Farmers risk management plans. Leads and coordinates company efforts to identify, prioritize, quantify and manage risks to avoid unexpected negative implications and identify value added opportunities. This responsibility may encompass risk management for the exchanges and/or the management company.
Essential Job Functions
- Establishes risk management policy, governance, philosophy and practices at the enterprise level including proper metrics and controls.
- Manages Farmers business risk analysis and corporate business risk summary.
- Maintains and updates the risk governance framework/philosophy.
- Provides guidance in support of the governance philosophy, monitors compliance with the governance on a regular cadence.
- Working with business and corporate functions, establishes priorities and action plans to manage risks.
- Oversees review/analysis of catastrophe risk, works with business units and corporate finance on catastrophe management strategies.
- Assures proper metrics are in place and met.
- Investigates and advocates risk management best practices.
- Acts as Farmers risk management expert.
- Stays current with risk management trends including tools and technology.
- Pursues knowledge transfer of risk management practices, philosophy, and policies.
- Establishes needed sources of training and skill development.
- Works with Zurich risk management on corporate policy and philosophy and areas of common concern.
- Maintains strong relations with key Zurich risk management colleagues.
- Establishes and maintains strong relationships with business unit heads and business unit risk managers.
- Forms and manages risk management committees (operational, governance,etc. ) as needed or requested.
- Reports to the Board, business heads and corporate senior management as needed or requested.
- Works on special risk management projects for Farmers and Zurich.
- Performs other functions as assigned.
Physical Actions
This role, whether performed virtually or in an office setting, will include normal and customary distractions, noise, and interruptions. Sits or stands for extended periods of time, up to a full work shift. Occasionally reaches overhead and below the knees, including bending, twisting, pulling, and stooping. Occasionally moves, lifts, carries, and places objects and supplies weighing 0-10 pounds without assistance. Listens to, interprets, and differentiates auditory information (example others speaking) at normal speaking levels with or without correction. Visually verifies and reads information. Visually locates material, resources and other objects. Ability to continuously operate a computer for extended periods of time, up to a full work shift. Physical dexterity sufficient to use hands, arms, and shoulders repetitively to operate keyboard and other office equipment up to a full work shift.
Physical Environment
This position operates in an open office working environment which will include normal and customary distractions, noise, and interruptions.
Education Requirements
Bachelors degree Bachelors degree required. Associate Casualty Actuarial Society Upon Hire *^.
Experience Requirements
Eight years professional/technical insurance experience, including two years in a manager level position.