What are the responsibilities and job description for the Director of Risk Management position at Wakefern Food Corp.?

About Wakefern

Wakefern Food Corp. is the largest retailer-owned cooperative in the United States and supports its co-operative members' retail operations, trading under the ShopRite®, Price Rite®, The Fresh Grocer®, Dearborn Markets®, Fairway Markets® and Gourmet Garage® banners.

Employing an innovative approach to wholesale business services, Wakefern focuses on helping the independent retailer compete in a big business world. Providing the tools entrepreneurs need to stay a step ahead of the competition, Wakefern’s co-operative members benefit from the company’s extensive portfolio of services, including innovative technology, private label development, and best in class procurement practices.

About You

Your contribution

The Director of Enterprise Risk Management is responsible for providing the overall leadership, vision, direction, and execution oversight for Enterprise Risk Management (ERM) at the organization. The ERM function is responsible for working across the company to establish and operate a sustainable risk management program that supports the projected growth of the company and aligns with the regulatory expectations and requirements of the organization. This includes identifying, measuring and managing insurable or hazard risks, developing reports and plans, analyzing risk and defining the implementation of the risk solutions that help optimize operations through insurance procurement, risk financing, claims management, captive management and loss control. The Director of ERM performs the following duties personally or through team members. This role will report directly to the Senior Vice President, General Counsel.

What you will do

Provide leadership and management direction within the ERM program
Develop and implement organization wide risk framework and strategic vision, and develop ERM policies and practices
Provide leadership and guidance in defining Board and Executive Management's risk appetite and risk tolerances
Work across the organization to leverage expertise in establishing risk metrics and reporting that describe key risk exposures and early warning indicators for Executive Management and the Board
Lead ERM relationships across the enterprise, including liaising and consulting with executives, and providing an effective challenge to risk ownership activities
Maintain a high-level view of the enterprise risk portfolio and advising executives and Risk Management Committee of the Board on risk exposure, risk management and mitigation, including through coverage procurement, and organizational resilience
Provide leadership and contributes significantly to the risk governance structure and operations through involvement with the Executive Risk Committee and the Board Risk Committee
Oversee Risk Manager and Claims Manager in the management of various vendor relationships, including but not limited to, Insurance Brokers, Third Party Claims Administrators, and Coverage Counsel.
Oversee the Captive Insurance Company and its operations. This includes managing the Captive Manager, Actuary, Auditors, Attorney, and Investment Consultants.
Oversee development of operating and insurance budgets

What we’re looking for

Significant Risk Management knowledge and experience in shaping and leading an Enterprise Risk Management program required

Experience leading a function or business unit with $50M budget

Master's degree or equivalent and at least 15 years related experience and / or training, or equivalent combination of education and experience is preferred

Certification in risk management (ARM, CRM or RIMS-CRMP) preferred

Captive Insurance program management experience preferred

Excellent ability to lead through influence across a diverse organization to drive the adoption of risk management programs and the implementation of the expected changes in disciplined risk management practices

Ability to communicate effectively at all levels of management and at the Board and Board Committee level.

Ability to respond effectively to sensitive inquiries or complaints, ability to make effective and persuasive presentations on controversial or complex topics to top management, Risk Management Committee and / or board of directors

An advanced knowledge of effective risk management practices and related regulatory requirements and expectations. An intermediate level of knowledge and understanding of credit risk management is preferred.

Ability to lead a large diverse team

How you will succeed

Leadership Competencies :

Think Strategically : Create a compelling vision, develop a strategy and empower others to achieve it

Influence Others : The ability to effectively collaborate, inspire, persuade and align others

Drive Change : Create the vision and drive the momentum for change

Talent Planning : Build organizational and associate capability to achieve business goals

Take Accountability : Drive a culture of ownership throughout the organization

Inclusive Leadership : Role model inclusive leadership to leverage diversity

Core Competencies :

Communicate Effectively : Communicates thoughts and ideas in a well-organized manner, encouraging two-way communication.

Build Relationships : Creates cross functional partnerships through the development and maintenance of constructive and cooperative relationships.

Stay Competitive : Demonstrates a mindset of continuous improvement while exhibiting passion and enthusiasm for their work.

Embrace Change : Looks for new ways of working by supporting advancements in processes and technology.

Develop You : Identifies and capitalizes on opportunities for personal and professional career growth.

Drive for Results : Supports divisional and strategic objectives through achievement of work goals.

How you will work

Ability to work at a computer for prolonged periods of time

Occasional travel between corporate, Member stakeholders and subsidiary locations

Ability to work onsite for four days minimum with flexibility to work remotely on a fifth day per week

Company Perks

Vibrant Food Centric Culture

Comprehensive medical, dental and vision package

Competitive Salary and Paid Time Off

Fitness Reimbursement and Well-Being Program

Corporate Training and Development University

Collaborative team environment

Paid Parental Leave

401K

Matching Gifts and Community Volunteer Involvement

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Director of Risk Management

What are the responsibilities and job description for the Director of Risk Management position at Wakefern Food Corp.?

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