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Enterprise Risk Management (ERM) Principal Job

Date: Dec 30, 2018

Location: Eagan, Minnesota, US, 55122

Company: Blue Cross and Blue Shield of Minnesota

 



About Blue Cross



 



Founded in 1933, Blue Cross and Blue Shield of Minnesota is the largest health plan in the state. We have more members, the largest network of providers and more products and services than any other plan in Minnesota. From the beginning, Blue Cross has been an innovator with a mission of making a healthy difference in people’s lives.



 



We understand the importance of finding a job that you truly enjoy — at a company that shares your values. We’ve made it easy to feel good about working at Blue Cross by encouraging volunteerism, valuing diversity and offering the flexibility you need to live a balanced life. We offer a suite of comprehensive medical and dental benefits as well as competitive pay, flexible work schedules and generous personal paid time off in addition to 20 hours of volunteer paid time off each year. We look forward to serving Minnesotans over the next 80 years and beyond. Join us and make a healthy difference through the work you do every day.


Description Summary

The ERM Principal is responsible for assisting with processes in support of the corporate Enterprise Risk Management (ERM) program to identify, evaluate and monitor the organization's risks. The incumbent utilizes Enterprise Risk Management tools, practices, and policies to analyze and report on enterprise risks, and to monitor the management of risks according to the established ERM framework and methodologies. This role also supports further development of the ERM program. The ERM Principal exhibits business process knowledge, possesses a broad-based operational perspective and provides solutions for business risk issues.


Accountabilities


  1. Provide leadership and program management for processes in support of the enterprise-wide risk management program for the organization to support the identification, evaluation, understanding, management, and communication of significant business risks. This includes assisting with the ongoing development and implementation of the enterprise risk profile, risk appetite statements and risk tolerance statements.

  2. Lead and coordinate processes to complete the organization’s Risk Management and Own Risk and Solvency Assessment (RMORSA).

  3. Act as a liaison across the organization in developing processes and controls to manage high priority risks.

  4. Work with business owners to help develop risk response plans for their areas designed to address identified risks and take advantage of opportunities to provide support of the company’s achievement of its corporate strategic initiatives.

  5. Serve as a valued business partner in risk advisory and consulting services.

  6. Drive development and advancement of key risk indicators.Monitor key performance, key risk, and key control indicators to support management and board-level reporting.

  7. Advance strategies in support of the ERM program and methodology.

  8. Develop and maintain effective networking relationships with business owners and management across all levels of the organization to promote open communication and company risk mitigation.

  9. Clearly present and explain complex information in both verbal and written form.

  10. Manage, lead and facilitate complex discussions with business units and help educate and cultivate a risk culture and awareness of how to manage risks.

  11. Conduct in-depth research and analysis to identify emerging risk issues facing the organization.

  12. Support Enterprise Risk Management by leading, executing and/or overseeing special projects and other duties as assigned.


Requirements


  • Bachelor’s degree in risk management, finance, actuarial science, mathematics, business, or related field

  • One or more applicable professional designations (or in progress obtaining designation) such as:

    • RIMS Certified Risk Management Professional (RIMS-CRMP)

    • Actuarial designation (FSA, ASA, etc).

    • Certified Financial Analyst (CFA)

    • Certified Public Accountant (CPA), or equivalent

    • Certified Internal Auditor



  • 5 years of experience in enterprise risk management, actuarial, financial analysis, financial modeling, management consulting, audit or related experience, preferably with a large health plan

  • Proficient knowledge of ERM principles and methodologies

  • Exceptional research, analytical, problem-solving and critical thinking skills to support proactively identifying potential concerns, and following up to resolve issues

  • Excellent written and verbal communication skills including demonstrated communication experience with diverse audiences

  • Business expertise and interpersonal leadership skills to effectively work through sensitive and/or complex situations throughout the organization to influence change

  • Ability to influence leadership through clear presentation and communication of complex information

  • Results orientation with ability to adapt and handle multiple projects concurrently with varying work-loads and ability to work independently.

  • Proficient in use of Microsoft Office products including Excel, Word, PowerPoint, and Visio.


Preferred Requirements


  • Master’s degree in business or related field

  • Management consulting background

  • Analytical skills in a discipline relevant to risk management (for example, financial modeling, planning and analysis, risk capital modeling, underwriting and pricing, corporate finance, or product management, or other)

  • Advanced knowledge of the health care and insurance industry, as well ERM methodologies

  • Thorough understanding and knowledge of Blue Cross operations, products and systems


FLSA Status

Exempt


Blue Cross Blue Shield of Minnesota is an Equal Opportunity and Affirmative Action employer that values diversity. All qualified applicants will receive consideration for employment without regard to, and will not be discriminated against based on race, color, creed, religion, sex, national origin, genetic information, marital status, status with regard to public assistance, disability, age, veteran status, sexual orientation, gender identity, or any other legally protected characteristic.



 



Make a difference



 



Thank you for your interest in Blue Cross. Be part of a company that lets you be you — and make a healthy difference in people’s lives every day



 



Blue Cross is an Equal Opportunity and Affirmative Action employer that values diversity. All qualified applicants will receive consideration for employment without regard to, and will not be discriminated against based on race, color, creed, religion, sex, national origin, genetic information, marital status, status with regard to public assistance, disability, age, veteran status, sexual orientation, gender identity, or any other legally protected characteristic.



 



Blue Cross® and Blue Shield® of Minnesota and Blue Plus® are nonprofit independent licensees of the Blue Cross and Blue Shield Association


Nearest Major Market: Minneapolis

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