What are the responsibilities and job description for the Risk Manager position at Virginia Commercial Space?

Job Description

SUMMARY

The Virginia Spaceport Authority (VSA) is seeking a strategic-minded Risk Manager to partner with the SDS and other staff to enhance VSA’s risk-informed approaches as it scales to become the #1 commercial spaceport in the United States. This will be an opportunity to put an imprint in the direction of commercial space development in the United States.

General Description : The Risk Manager is responsible for VSA’s comprehensive and dynamic organizational risk management and resiliency approach and its integration into VSA policies, standards, decision-making and mission execution. The Risk Manager shall be strategic-minded and align approaches with VSA’s overall strategy, goals and objectives. The Risk Manager assesses, plans, implements and drives the risk management activities of the organization. The Risk Manager shall work collaboratively across the organization to identify and mitigate operational, financial, compliance, reputational and any other risk to reduce the residual risk of VSA / MARS and its operations.

Responsibilities and Duties :

Maintain an in-depth and expert understanding of VSA’s technical and business operations through hands-on interactions with leadership and employees.
Develop and oversee VSA’s dynamic, comprehensive, multi-disciplinary, sustainable, and all-hazards risk management and resiliency approach and its integration into VSA policies, standards, decision-making and mission execution aligned with VSA’s overall strategy, goals and objectives.
Identify and maintain an in-depth understanding of VSA’s sources of Inherent Risk across operational (naturally-occurring, unintentional, kinetic or cyber deliberate events); financial; compliance (workforce, regulation, legal); and reputational.
Research and evaluate historical issues or attributes of each Inherent Risk source that may contribute to the level of risk.
Identify and maintain an in-depth understanding of each Inherent Risk source’s critical interdependencies from the manner VSA conducts its operations currently and in the future.
Develop, maintain, and oversee the Risk and Control Matrices (RACM) to characterize the magnitude of the threat severity, vulnerability, likelihood of occurrence and potential impact.
Compare known Inherent Risk sources and levels of risk with VSA’s current policies, standards, practices, contractual agreements, mitigation approaches, and other factors to identify vulnerabilities and areas of concern.
Identify, develop and maintain mitigation measures to improve Mitigated Risk and Insured Risk.

Partner with the Legal Department, staff and consultants to understand VSA’s historical and current insurance coverage (e.g., benchmarks for risk tolerance / coverage, comparables, cost, contract requirements, scenario analysis) and to build future insurance schemes that balance risk and cost to VSA assets.

Partner with executives and other internal stakeholders to design, pursue and implement other mitigation measures to reduce VSA’s level of Residual Risk and liability.

Characterize VSA’s level of Residual Risk within a determined acceptable threshold as an organization.

Manage and maintain VSA’s acceptable level of Residual Risk through developing and overseeing a sustainable, integrated, and dynamic risk management and resiliency program (e.g., monitor and identify, prepare and protect, detect, respond, and recover).

Work collaboratively, both proactively and reactively, to either prevent incidents or to minimize damages following an event.

Integrate a risk-informed culture into VSA to optimize mitigation measures and decision-making.

Review organizational policies, standards, contractual agreements, and other pertinent documentation and partner with product owner to revise in alignment with overall risk management and resiliency approach as needed.

Understand the broad knowledge of methodologies, technologies, and techniques in the area of risk management, assessments, and mitigation measures.

Follow trends in the risk management and resiliency industry to advise on new developments in liability or risk and approaches to improve risk management.

Other duties as assigned.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this title. They are not to be construed as an exhaustive list of all job duties performed by personnel so classified. They are not intended to limit or in any way modify the right of supervisors to assign, direct, and control the work of employees under their supervision.

EMPLOYMENT STANDARDS

General Education : College : Bachelor’s degree.

Job-Related Experience : Minimum of 5 years of risk management and resiliency experience required. Preferred experience in industries related to aerospace, national security, state or federal or in organizations that are technology-related, capital-intensive, and commercially-active field where operational safety is a key priority. Experience assessing risk and implementing mitigations and controls enterprise-wide.

Certifications : Preferred - Certified Risk Manager (CRM), Certified Risk Management Professional (CRMP), Professional Risk Manager (PRM), Associate in Risk Management (ARM), Certified Risk and Compliance Management Professional (CRCMP), or other equivalent or relevant certifications.

Licenses, etc. : Valid driver's license is necessary when operating a vehicle while on agency business. Must be able to travel between VSA’s Norfolk office and VSA’s facilities on Virginia’s Eastern Shore near Wallops Island, VA.

CONDITIONS OF EMPLOYMENT

Qualification : To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required.

Must be able to pass a pre-employment background check and drug test.

Must be able to obtain and maintain eligibility for issuance of a federal agency credential (e.g., NASA). In particular, candidate must be eligible to work in the United States and to be able to pass the requirements for a U.S. Government security clearance.

Knowledge :

Be familiar with state and federal compliance regulations and standards.

Thorough knowledge of risk management and resilience practices and the principles across the spectrum of organizational risk sources and mitigation measures of risk.

Considerable knowledge of various insurance schema, providers, evaluation of comparables, cost and other scenario analysis methods associated with insurance (e.g., likelihood of loss, loss exceedance).

Considerable knowledge of strategic, legal, contractual, financial, operational, and reputational techniques, methods and procedures.

Considerable knowledge of research techniques and methods.

General operating knowledge of office equipment.

Skills :

Proficiency in planning, coordinating, and implementing risk management and resilience approaches, procedures, and policies.

Proficiency in engaging with insurance brokers and providers to understand, evaluate, and recommend insurance approaches.

Ability to balance risks in ambiguous and complex scenarios.

Effective verbal and written communication skills within all levels of the organization.

Strong analytical and problem-solving skills and highly organized with attention to detail.

Proficient with Microsoft Office and / or related programs, such as Word, Excel, and PowerPoint.

Good judgement and decision-making abilities.

Abilities :

Ability to think and help guide the organization tactically, operationally and strategically.

Ability to establish effective working relationships with senior leaders, management, co-workers, internal and external stakeholders, and the public through strong interpersonal, organizational and customer service abilities.

Ability to work independently, as part of a team, and to foster teamwork and to work effectively and collaboratively.

Ability to communicate well verbally and in writing; manage multiple projects simultaneously; consistently meet deadlines.

Demonstrated ability to analyze data, establish facts and draw valid conclusions.

Ability to work in a high-volume and fast-paced environment.

Interest in continuous learning and a commitment to staying informed on regulatory changes.

Conduct regularly scheduled meetings to communicate on-going work progress, issues, new developments and overall effectiveness.

Physical Demands : Work is light requiring lifting of computer equipment and involves typical office behaviors as well as field work that may expose one to various weather conditions and chemical irritants. While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear. The employee is frequently required to reach with hands and arms. The employee is occasionally required to stand; walk; climb or balance; stoop, kneel, crouch, or crawl. The employee must regularly lift and / or move up to 10 pounds. Specific vision abilities required by this job include close vision and ability to adjust focus.

Work Environment : Work is performed in both an office setting and conducting field work, which may involve moderate discomforts which require special precautions, e.g., working around moving parts, carts or machinery, working with irritant chemicals, and various outdoor weather conditions.

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