What are the responsibilities and job description for the Director of Risk Management position at Montclair State?

IMPORTANT APPLICATION INSTRUCTIONS :

Upload Resume or Curriculum Vitae for automatic population of information to the application.
The contact information, work experience, and education listed on your Resume / CV will be parsed and input into your Montclair application.
Review information and double-check all fields containing information that the system parsed - the software is intelligent, but you need to verify that the data is accurate.
In the "My Experience" section, you will find a Resume / CV upload option where you can submit your cover letter and all other supporting documents.

Note : If you have an expansive CV, we recommend that you apply manually and only include the positions you have held in the last ten (10) years. You will then be able to attach your Resume / CV, as well as all other supporting documentation in the "My Experience" section of your application.

Job Description

SUMMARY :

Montclair State University (Montclair) seeks a dynamic and collaborative leader to build and lead an Enterprise Risk Management (ERM) function as the Director of Risk Management.

Reporting to the Vice President of Finance and Treasury, the Director of Risk Management is responsible for building and administering Montclair's risk management programs. The Director leads enterprise risk management efforts for Montclair and is responsible for developing risk management strategies, related policies and procedures, and influencing risk owners in integrating risk management processes into the University's business, academic, and research activities to manage and mitigate Montclair's operational risks. This position is a trusted advisor and consultant to university leaders on risk assessment, insurance evaluation, and risk-related policy development.

The Director of Risk Management is critical in identifying, assessing, and mitigating risks across the institution. This position is responsible for developing and implementing a comprehensive enterprise risk management framework that enables proactive risk identification and strategic decision-making. The Director of Risk Management will collaborate with various departments to ensure a holistic approach to risk management that supports the University's mission, goals, and compliance requirements and represents the University at the New Jersey colleges & universities Insurance Consortium

PRINCIPAL DUTIES AND RESPONSIBILITIES :

Governance & Program Development

Promote best-practice risk management standards across all university levels. Identify a cross-functional committee of appropriate University leaders as risk champions / executive sponsors.

Consult and collaborate with constituencies across the institution, stakeholders, and affiliated organizations on business process improvement opportunities and operational and strategic risk issues to ensure that activities and objectives are aligned with sound management policies and practices.

Develop a model to identify the University's risk appetite and tolerance levels.

Risk Identification

Conduct or facilitate risk assessment, collect and analyze documentation, statistics, reports, and market trends to create and maintain a University-wide risk profile / register.

Maintain working knowledge of existing and developing laws and regulations applicable to the University; assess and explain how new requirements may affect future risk exposure.

Maintain working knowledge of emerging higher education-related issues and trends impacting effective risk management strategies.

Provide advisory services to identify and address operational, compliance, and strategic risks.

Risk Evaluation & Mitigation Strategy

Advocate for the value of risk management in all University operations.

Develop and recommend policies and procedures to support an overall University strategy to manage the cost of income loss protection and risk financing.

Develop and deliver education and training to cultivate a culture of risk awareness and appropriate mitigation activities.

Insurance Risk Management

Maintain relationships with third-party service providers (brokers, insurers, state insurance administrators, etc.) and act as the primary liaison with those service providers.

Oversee administration, record-keeping, and oversight of insurance programs and policies across various loss types. Maintains current, accurate, and meaningful insurance, premium, legal, loss, claims, and related statistical risk management records.

Including consortium insurance programs (Property, Work-Related, State Auto, Student Health, Commercial Crime, Professional, General & Employee Liability, etc.)

Work with other operational departments to administer campus-wide employee safety and risk programs and provide appropriate follow-up to address issues contributing to unsafe work practices or environments.

Business Continuity / Disaster Recovery

Work with operational and academic departments to develop and coordinate a university-wide Business Continuity Plan (BCP) to maintain functional operations during and / or following disruptive events.

Participate in University safety and critical incident response committees and workgroups as needed.

Performs other related duties as assigned.

Management retains the right to change or add job duties anytime

QUALIFICATIONS : REQUIRED :

Bachelor's degree from an accredited college or university

Minimum of seven (7) years of progressive experience in risk management, insurance, audit or compliance.

Demonstrated experience in implementing an ERM framework using key principles and their application to organizational operations and governance.

Experience in a risk management and insurance environment, managing budgets and participating in financial planning and analysis of insurance portfolios.

Experience in communicating to a broad range of stakeholders including senior leadership.

Ability to communicate effectively orally and in writing, including complex reports and presentations.

PREFERRED :

Master's degree in a related field or J.D.

Experience in higher education, non-profit, or government similar to Montclair's size and complexity.

Professional license, certification, or designation related to or demonstrating competency in ERM.

Understanding of and respect for the varied backgrounds, experiences, and perspectives of university students, faculty, and staff.

PROCEDURE FOR CANDIDACY

Applicants should include a resume and cover letter describing how their background, skills and education match the needs of the University. When applying, please take a moment to carefully read and follow the steps in the application instructions.

Department

Treasury and Finance

Position Type

Administrative

Contact Information :

For questions or concerns, please contact Human Resources' Workday Recruiting Support at 973-655-5000 (Option 2) , or email talent@montclair.edu.

EEO / AA Statement

Montclair State University is an Equal Opportunity / Affirmative Action institution with a strong commitment to diversity.

Additional information can be found on the website at

www.montclair.edu / human-resources / about-us / eo-aa-and-diversity /

Title IX and 34 C.F.R. 106 Policy

Montclair State is required by Title IX and 34 C.F.R. 106 not to discriminate on the basis of sex or gender, and does not discriminate on the basis of sex or gender in the operation of education programs and activities. The requirement to not discriminate on the basis of sex or gender in the operation of education programs and activities extends to admission and employment. For further details, please visit : https : / / www.montclair.edu / human-resources / job-seekers /

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