What are the responsibilities and job description for the Enterprise Risk Manager position at 900 CMH Services Inc.?
Enterprise Risk Manager Position Summary:
The Enterprise Risk Manager is responsible for leading the organization’s enterprise risk management framework. This includes identifying, analyzing, and evaluating potential risks that may affect business operations, financial health, regulatory compliance, and strategic goals. The role requires developing strategies to mitigate these risks, ensuring they align with the company’s risk appetite, and embedding a risk-aware culture across the organization.
Enterprise Risk Manager Responsibilities – Example:
- Risk Identification and Assessment:
- Identify key risk areas, including financial, operational, compliance, strategic, and reputational risks.
- Perform risk assessments to evaluate the likelihood and impact of potential risks on the business.
- Maintain a comprehensive risk register and update it regularly.
- Risk Mitigation and Control:
- Develop and implement risk mitigation strategies and action plans to reduce risk exposure.
- Collaborate with department heads to ensure risk management strategies are embedded into business processes.
- Monitor the effectiveness of risk mitigation plans and controls, making adjustments as necessary.
- Risk Reporting and Communication:
- Provide regular risk reports to senior management, board of directors, and stakeholders.
- Present risk management strategies, findings, and updates in executive-level meetings.
- Ensure clear communication of risk management initiatives and best practices across the organization.
- Risk Governance and Compliance:
- Ensure the organization complies with relevant regulatory requirements and risk management standards.
- Oversee risk policies and procedures, ensuring they align with legal, regulatory, and industry standards.
- Lead risk governance initiatives, including managing risk committees and task forces.
- Business Continuity Planning:
- Assist in developing and maintaining the business continuity and disaster recovery plans.
- Test and update the business continuity strategies periodically to ensure preparedness.
- Risk Culture Development:
- Promote a risk-aware culture across the organization, providing risk management training where needed.
- Support and advise staff on risk management best practices and principles.
- Foster a collaborative approach to managing risks with a cross-functional perspective.
- Technology and Risk Tools:
- Implement and maintain risk management tools and software to automate and streamline risk identification, tracking, and reporting.
- Keep abreast of emerging risk technologies, including artificial intelligence, data analytics, and machine learning, to enhance risk management processes.
- Emerging Risks and Trends:
- Monitor the external business environment for emerging risks, market trends, and regulatory changes that could impact the company.
- Proactively adjust risk management practices to address new risks, disruptions, or uncertainties.
- Other duties as assigned
Enterprise Risk Manager Qualifications:
- Bachelor’s degree in Risk Management, Finance, Business Administration, or a related field. A Master’s degree is preferred.
- Professional certifications such as Certified Risk Manager (CRM), Chartered Enterprise Risk Analyst (CERA), or equivalent.
- Minimum of 5-7 years of experience in risk management, preferably in enterprise risk management.
- Strong understanding of risk management frameworks (e.g., COSO, ISO 31000).
- Proven experience in working with risk assessment methodologies and tools.
- Knowledge of relevant regulations and compliance requirements (e.g., Sarbanes-Oxley, GDPR).
- Excellent analytical, communication, and problem-solving skills.
- Strong leadership abilities and experience in influencing and managing cross-functional teams.
- Ability to work effectively with senior executives and other stakeholders.
- Familiarity with risk management software and technology solutions.
Enterprise Risk Manager Skills & Competencies:
- Strategic thinking and the ability to align risk management activities with business goals.
- Strong analytical skills with the ability to interpret complex data and risk scenarios.
- Excellent communication skills to present risk-related information to diverse audiences.
- Leadership and project management skills to manage cross-functional risk initiatives.
- Ability to work independently, prioritize tasks, and meet deadlines.
- Collaborative mindset to foster teamwork and partnerships across departments.
Level 14
Hybrid - Maryville
Reports to CFO
Business Unit - B00015
Shared Services