Director Enterprise Risk

THE FUTURE IS WHAT WE MAKE IT.

At Honeywell, you’ll become a member of a global team as a Director of Enterprise Risk Management, working to change the way we fly, fuel jets in an eco-friendly way, keep buildings smart and safe, and even make it possible to breathe on Mars -a team that is shaping the future. But working at Honeywell is not just about developing cool things – you will have access to dynamic career opportunities across different fields and industries. Honeywell Corporate Audit offers a high-energy environment where professionals can develop problem-solving skills, gain cross-functional experience, and prepare for success within the company. Corporate Audit is a training ground for tomorrow’s leaders in the company. As part of the program, you will gain experience across multiple functions, and business units with exposure to the most senior leaders in the company.

In this role, you will have a direct impact on the company's strategy, financial integrity and compliance with regulatory requirements. You will collaborate with cross-functional teams to identify control gaps, develop remediation plans, and monitor the implementation of controls.

Responsibilities

• Own the development and execution of the Corporate Audit Enterprise Risk Assessment program which supports the Internal Audit Plan and provides key risk insights to Honeywell Leadership.
• Provide Strategic Guidance and Leadership in Cross-Functional Risk Management: Spearhead the development and implementation of a cohesive risk management ecosystem that integrates multiple disciplines, including IT & Cybersecurity, Supply Chain Management, Controllership, Global Compliance, Business Resiliency, Data Privacy, and other critical business functions. Facilitate regular collaboration among these functions to ensure alignment on risk priorities and best practices.
• Facilitate Cross-Functional Collaboration: Foster strong partnerships with functional leaders from IT, legal, finance, and operations to ensure a unified approach to risk management, supporting ongoing improvements and knowledge sharing.
• Lead Risk Assessment Initiatives: Regularly coordinate risk assessment workshops with business unit leaders to identify and evaluate potential risks impacting organizational objectives, ensuring alignment across all levels of the organization.
• Design and Implement Risk Management Frameworks: Develop and refine comprehensive risk management frameworks and policies that reflect Honeywell's strategic goals, regulatory requirements, and industry best practices.
• Conduct Training and Development Programs: Organize internal training sessions for employees to enhance awareness and understanding of risk management practices, compliance requirements, and their roles in maintaining a robust risk culture within the organization.
• Monitor Risk Mitigation Strategies: Oversee the execution and effectiveness of risk mitigation strategies and action plans, ensuring timely updates and reporting to senior leadership on progress and challenges encountered.
• Analyze Key Risk Indicators (KRIs): Monitor and analyze key risk indicators to detect emerging risks early and advise management on adjustments needed to mitigate those risks effectively before they escalate.
• Evaluate Third-Party Risks: Assess risks associated with third-party vendors and partners, ensuring that appropriate due diligence is performed and compliance with Honeywell's risk management policies is upheld.
• Prepare Risk Reports for Executives: Generate detailed reports on the organization's risk landscape, including findings from risk assessments, audit results, and compliance reviews, and present them to executive leadership for informed decision-making.
• Stay Ahead of Regulatory Changes: Proactively research and interpret changes in applicable regulatory environments, ensuring that Honeywell remains compliant and that the risk management strategies are adjusted accordingly.
• Champion a Culture of Risk Awareness: Actively promote a culture of risk awareness across the organization by participating in strategic discussions, providing insights on risk implications of business decisions, and encouraging proactive risk-taking where appropriate.
• Evaluate and Select Risk Management Tools: Assess and recommend advanced risk management software solutions and technologies that enhance capabilities in risk identification, assessment, and monitoring, ensuring compatibility with existing IT systems and alignment with organizational needs.
• Foster Continuous Improvement Initiatives: Advocate for and lead continuous improvement projects within the risk management framework, encouraging feedback loops and iterative enhancements to processes and technologies, ensuring that the risk management practices evolve with changing business environments and emerging risks.