Enterprise Risk Management Consulting Director

About the position You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential. The mission of CNA’s Enterprise Risk Management (ERM) function is to build upon an established risk management framework to support the achievement of the company’s strategic goals. In order to do this, the ERM function collaborates with the business areas to integrate effective risk management practices across all areas of the business. The ERM function establishes an enterprise-wide view of acceptable risk levels and aggregates, models, and evaluates exposures across all areas of the business. This Enterprise Risk Management Consulting Director role is an individual contributor that will be responsible for driving the implementation of best in class ERM practices, and will proactively identify, assess, and quantify risks and impact of controls. In this position you will be responsible for building strong partnerships across the organization and being a strategic partner for the enterprise or business unit on risk related matters. Under general or minimum supervision, you will perform duties with broad latitude for judgment, and provide insightful analysis and decision support to leadership to help deliver on key priorities. This position requires expertise in problem identification, analysis and resolution. This includes working as an individual contributor, leading projects and working across teams to leverage internal and external resources to perform job responsibilities.

Responsibilities

• Establish partnerships with the business to serve as a specialized point of contact for enterprise or business unit risk-related matters.
• Develops effective partnerships with key stakeholders to capture business process requirements, and help translate these requirements into technical solutions to drive efficiency for the organization.
• Perform timely identification, assessment and quantification of insurance risks by owning and executing on related ERM processes.
• Coordinate and manage business level risk committees and forums to allow for continuous risk dialogues and enhancement of risk culture.
• Partners with the business on ongoing enhancements and develops forward looking key risk indicators used in the management of business risk reporting for committees and forums.
• Conduct periodic risk assessments to validate efficacy of controls and levels of residual risk.
• Implements risk management programs consistent with the organization’s strategic plan.
• Advise, train and coach stakeholders to create greater transparency and understanding of effective controls.
• Partner with Corporate Compliance and Internal Audit on the Three Lines of Defense and ensure an effective and efficient feedback loop therein.
• Facilitate setting of meaningful risk appetite statements for the business; oversee resulting limits and ensure alignment with enterprise risk tolerances.
• Promote the utilization and embedding of economic capital and a risk/return framework within the business, bringing quantitative capabilities to the forefront.
• Produce advanced quantitative analyses in support of business decisions and scenario analysis, partnering closely with Exposure Management and Economic Capital Modeling.
• May perform additional duties as assigned.

Requirements

• Experienced thought leader with a track record of leading transformational projects and optimizing reporting used in decision-making.
• In-depth and proven understanding of enterprise risk management practices coupled with a good understanding of the industry including a broad understanding of underwriting, claims, reserving, pricing, and product development.
• Ability to collaborate with business and functional experts to provide risk assessment guidance, recognize risks and design control enhancements.
• Excellent analytical and problem solving skills, with the ability to effectively plan and direct multiple projects and project work teams.
• Exhibited sense of urgency to drive effective change across functions in a large organization
• Excellent interpersonal, presentation, verbal and written communication skills, with the ability to effectively interact with internal and external business partners.
• Ability to exercise professional judgment and assume responsibility for decisions which have an impact on people and quality of service.
• Strong knowledge of Microsoft Office Suite, accounting systems and applications, and other business-related software.
• Typically a minimum of ten years related risk and/or insurance experience.
• Progressive experience leading teams and projects.

Nice-to-haves

• Strong knowledge of data modeling development and reporting in data visualization tools such as Looker, Tableau, ThoughtSpot is a plus.
• Applicable certifications e.g. PRM, FRM, CPCU and/or professional/insurance designation, a plus.

Benefits

• CNA offers a comprehensive and competitive benefits package to help our employees – and their family members – achieve their physical, financial, emotional and social wellbeing goals.
• For a detailed look at CNA’s benefits, please visit cnabenefits.com .
• CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process.

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