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Vice President, Enterprise Risk Management

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: Humana Inc
Full Time position
Listed on 2026-07-14
Job specializations:
  • Management
    Risk Manager/Analyst, Regulatory Compliance Specialist
Salary/Wage Range or Industry Benchmark: 230000 - 350000 USD Yearly USD 230000.00 350000.00 YEAR
Job Description & How to Apply Below

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.

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.
  • Drive 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.
  • Build and establish a proactive risk and resilience program that is adopted across Humana and drives value.
  • Champion and promote 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.
  • Ensure process and tools are established to identify risk themes and effectively communicate and elevate 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 the execution of the developed governance structure to provide appropriate oversight for alignment with organizational risk tolerance and strategy.
Required Qualifications
  • Minimum 15 years of progressive risk management or compliance experience within the healthcare industry.
  • Minimum 10 years of leadership experience.
  • Strategic thinker with the 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.
  • Strong written and verbal communication skills, with the ability to read and understand regulatory communications and effectively articulate compelling arguments, positions, strategy and vision.
  • Strong enterprise mindset, financial acumen and customer centricity to navigate complexity and…
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