Enterprise Risk Management Lead - Advocate Health

Overview

Job Summary

Responsible for coordinating and directing activities of the Enterprise Risk Management (ERM) Program that assists Leadership in identifying, assessing, managing, and monitoring risks to its strategies to achieve performance and financial targets, prevent losses or other impacts from known events as well as identifying opportunities for transformation and innovation. 

The ERM function is responsible for working across the enterprise to establish and operate a sustainable risk management program that supports the projected growth and aligns with the regulatory expectations and organizational strategies.


Essential Functions
 

• Provides leadership and management direction within the Enterprise Risk Management program.
• Develops ERM policies and practices.
• Defines Board and Executive Management's risk appetite and risk tolerances. 
• Works across the organization to leverage expertise in establishing risk metrics and reporting that describe key risk exposures and early warning indicators for Executive Management and the Board.
• Lead ERM relationships across the enterprise, including liaising, consulting with executives, and providing an effective challenge to risk ownership activities.
• Maintaining a high-level view of the enterprise risk portfolio and advising executives and Board members on risk exposure, risk management and organizational resilience
• Provides leadership and contributes significantly to the risk governance structure and operations through involvement with the appropriate Risk Committees/Councils
• Collaborates with management to create risk assessments for key operational changes where the internal control environment may be impacted and require evaluations through advisory services. 
• Performs, directs, and oversees special projects as assigned.
• Develops and recommends operating and capital budgets and controls expenditures within approved budget objectives.
• Responsible for understanding and adhering to the organization's Code of Conduct and for ensuring that personal actions, and the actions of teammates supervised, comply with the policies, regulations, and laws applicable to the organization's business.
   

Qualifications

Education and Required Experience

• 
  Bachelor’s degree in Accounting, Business, Finance, Health Administration or related area required. 
  10 years of experience in creating and leading a Risk Management program. 

Knowledge, Skills & Abilities Required:
 

• Excellent ability to lead through influence across a diverse organization to drive the adoption of risk management programs and the implementation of the expected changes in disciplined risk management practices.
• Ability to communicate effectively at all levels of management and at the Board and Board Committee level.
• Ability to respond effectively to sensitive inquiries or complaints, ability to make effective and persuasive presentations on controversial or complex topics to top management and/or Board of Directors
• An advanced knowledge of effective risk management practices and related regulatory requirements and expectations.
• Knowledge of the COSO ERM framework.
• Knowledge of data analytics and utilization of tools to create visualizations. 
• Ability to work independently with minimal supervision as well as lead and direct team members.
• Ability to identify risks, evaluate them for impact to organization, and influence leaders to understand.
• Strong organizational skills to multi-task and coordinate large-scale projects.
• Ability to identify and solve matters of concern.
• Ability to influence and recommend system improvement opportunities through critical thinking.
• Excellent verbal and written communication skills, and ability to effectively communicate with Leadership