Enterprise Risk Management and Business Continuity

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Title
- Director Enterprise Risk Management and Business Continuity

Location – Piscataway, NJ 08854

Type – Hybrid

Job Summary: The Director of Enterprise Risk Management is responsible for providing the overall leadership, vision, direction, and execution oversight for Enterprise Risk Management (ERM) at the organization. The ERM function is responsible for working across the company to establish and operate a sustainable risk management program which includes developing, supporting and maintaining a robust and successful risk management program that reduces overall risk with existing activities with clear analysis and understanding of new risks and potential opportunities.

This includes identifying, measuring and managing insurable or hazard risks, developing reports and plans and analyzing risk. This position is a senior leadership role within the Financial Services Department responsible for developing and overseeing the enterprise risk management framework and programs, including identifying, assessing and managing the full complement of factors that could potentially put the client  role will also provide leadership to the organization in the area of business continuity program management through the coordination, assessment, development and communication of recovery environment requirements, and contingency plans, to protect the the client in the event that facilities, and/or necessary technology resources, are unavailable due to an unplanned disruption.

This position will be charged with promoting / embedding risk management within client's culture and increasing the visibility of risk management with its Board.

Key Responsibilities

• Develop and manage the strategy and implementation of an integrated framework for identifying, assessing, controlling and monitoring risk, including developing ERM policies and practices.
• Facilitate or directly execute risk analysis and assessments across client's business units to achieve strategic initiatives and ensure due diligence, due care, controllership and sound corporate governance.
• Maintain a high-level view of the enterprise risk portfolio, informing Management Council and the Audit Committee on risk exposure, risk management and mitigation.
• Work across the organization to leverage expertise in establishing risk metrics and reporting that describe key risk exposures and early warning indicators.
• Direct the activities of the Risk Identification and Assessment Group (RIAG).
• Develop appropriate risk management training for Staff and Volunteers.
• Advise and guide managers with the identification, mapping, and management of risks.
• Partner with risk owners to ensure that appropriate action is being taken to address / mitigate risks.
• Conduct periodic risk assessments.
• Supervise Business Continuity Program Manager in order to safeguard client's ability to effectively conduct business through the development, maintenance and ongoing improvement of the its Business Continuity Program.
• Manage Volunteer relationships, and support committees and ad hoc teams.

Qualifications

Education

• Bachelor's degree or equivalent experience Req
• Master's or other advanced degree Pref
• Certification in risk management (ARM, CRM or RIMS-CRMP) preferred Pref

Work Experience

• 10-15 years risk management experience in a program leadership capacity Req
• 4-7 years hands-on, corporate auditing, compliance, or risk management discipline in the insurance or service sector industries. Req
• Knowledge in all areas of managing risks, hazards, and exposures. Req
• Able to identify, analyze, and control operational risks, as well as political risks, catastrophic loss exposures, third-party exposures, fiduciary exposures, employee injury exposures, juridical risks, and legal risks - whether insurable or not. Req

Licenses and Certifications

• Individuals who are studying for, or who have received the designation of Associate in Risk Management (ARM), Certified Risk Manager (CRM), or Chartered Property Casualty Underwriter (CPCU) Req

Skills and Requirements

• Technology Skill Set. He or she must be a savvy knowledge worker who seeks out technology solutions to business challenges. Specific technological knowledge and experience needed to produce the desired outcomes include strong computer modeling skills, command of Lotus Notes and…