Operational Risk Director
- Employer
- Allstate Insurance Company
- Location
- Northbrook, Illinois
- Salary
- Not Specified
- Closing date
- Nov 15, 2019
View more
- Category
- Risk Management, Executive / Management
- Job Type
- Not Specified
- Career Level
- Not Specified
Job Details
Where good people build rewarding careers.
Think that working in the insurance field can’t be exciting, rewarding and challenging? Think again. You’ll help us reinvent protection and retirement to improve customers’ lives. We’ll help you make an impact with our training and mentoring offerings. Here, you’ll have the opportunity to expand and apply your skills in ways you never thought possible. And you’ll have fun doing it. Join a company of individuals with hopes, plans and passions, all using and developing our talents for good, at work and in life.
Job Description
The Operational Risk Director is a Second Line of Defense role, responsible for advancing the maturity of the Operational Risk and Return Management (ORRM) program, furthering a culture of prudence and risk awareness through communication, training and facilitation. ORRM is responsible for contributing to the ongoing evolution of the enterprise Operational Risk Management Framework (ORMF) and overseeing its implementation across the enterprise. The ORMF includes governance, standards, risk process and tools through which ORRM directs, assists and challenges management to identify and assess risk, mitigate risk in accordance with appetite and analyze and understand the risk environment overall. The Director assists and leads staff to independently advise and challenge the business as they implement the ORMF within their organization.
Key Responsibilities
- Promote risk management practice and culture to strengthen the operational risk environment of Allstate
- Review business processes and analyze operational risk data to identify areas of increased operational risk at Allstate.
- Plan and conduct operational risk, deep dive assessments from a second line perspective
- Participate in governance and project meetings related to operational risk and control matters and promote an open environment for collaboration, risk identification and mitigation
- Participate in working groups to provide risk oversight and guidance as needed during operational process design, remediation programs, etc.
- Manage a team of ORRM analysts responsible for understanding the risk environment and guiding/directing the Risk Control Self-Assessment processes, Key Risk & Performance Indicators and event management of specific internal clientele.
- Identify opportunities to streamline risk assessment processes to increase operational efficiency and operational risk effectiveness at Allstate.
- Identify and assess severity and likelihood of issues for potential escalation and communication to Business Executives and Senior Risk Managers
- Identify and engage appropriate stakeholders to facilitate targeted deep dives, thematic reviews and any additional directives from senior leadership.
- Manage a team of analysts within a wider matrix team where individual team members are expected to take leadership on assigned topics and drive change.
- Work collaboratively with key stakeholders in the business to facilitate the acceptance of change throughout Allstate.
Job Qualifications
Education and Experience
- 10 or more years of related experience
- Bachelor’s degree or equivalent; Advanced degree(s) welcome
Functional Skills
- In-depth understanding of operational risk and governance; proven success at achieving enterprise business outcomes and implementing strategic change
- Expertise in one or more key operational risk categories: model, business continuity, vendor, data privacy, technology, cyber, fraud.
- Highly developed relationship management, influencing and leadership skills
- Experienced people leader; experienced in establishing operational and strategic objectives for direct reports as well as matrixed resources.
- Advanced program/project management skills
- Advanced organizational, verbal, and written communication skills and ability to lead and influence at all levels.
- Some travel required
Certificates, Licenses, Registrations
- Operational risk certifications (RMA, PRMIA, GARP, ERMA, IMA, ISACA etc.) not required but encouraged
The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.
Good Work. Good Life. Good Hands®.
As a Fortune 100 company and industry leader, we provide a competitive salary – but that’s just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you’ll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.
Allstate generally does not sponsor individuals for employment-based visas for this position.
It is the Company’s policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employee’s ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race, religion (including religious dress), sex, or sexual orientation that adversely affects an employee's terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment
Company
- Website
- https://www.allstate.com/
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