Director of Risk Management

Job Description

Job Description

Overview

The Director of Risk Management plays a crucial role in safeguarding the organization's assets and reputation by identifying potential risks, analyzing their impact, and implementing effective mitigation strategies. This strategic leadership position requires an individual who can blend analytical skills with business acumen to drive risk management efforts across the organization. As the landscape of risks becomes increasingly complex due to technological advancements, regulatory changes, and global market dynamics, the Director of Risk Management is pivotal in building and maintaining a robust risk management framework. This position involves collaboration with various departments to integrate risk considerations into decision-making processes, ensuring that the organization can navigate uncertainties and seize opportunities for growth. The Director of Risk Management will oversee a team of risk professionals and report directly to the executive leadership, providing guidance and insights aimed at enhancing the organization's risk profile and resilience.

Key Responsibilities

• Develop and implement a comprehensive risk management strategy aligned with organizational goals.
• Identify and assess potential risks to the organization, including operational, financial, strategic, and compliance risks.
• Create and maintain a risk register that accurately reflects the organization’s risk landscape.
• Lead risk assessment initiatives and collaborate with various departments to evaluate risk exposure.
• Develop and enforce risk management policies, procedures, and best practices across the organization.
• Monitor and analyze emerging risks and market trends that could impact the organization.
• Facilitate risk management training and awareness programs for employees.
• Prepare and present regular risk reports to executive leadership and the board of directors.
• Oversee the development of crisis management and business continuity plans.
• Build and maintain relationships with regulatory bodies and ensure compliance with relevant regulations.
• Lead incident response efforts and investigations related to risk events.
• Coordinate risk management activities with external stakeholders and partners.
• Manage and mentor the risk management team to foster professional development.
• Conduct regular audits of the risk management processes and update them as necessary.
• Evaluate and recommend risk transfer solutions, including insurance policies, to manage financial exposure.

Required Qualifications