Operational Risk Manager

September 27

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Allstate

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Auto Insurance • Life Insurance • Retirement Planning • Homeowners Insurance • Motorcycle Insurance

10,000+

💰 Post-IPO Equity on 2014-01

Description

• The Operational Risk Manager leads the strategic initiative to provide risk/return expertise to the organization. • This role has deep insights across business/functional areas to challenge and report. • This role is responsible for implementing and influencing the Enterprise Risk and Return Management (ERRM) frameworks across Allstate. • Build and maintain strong working relationship with 1st Line leadership. • Educate and empower 1st Line to drive risk and return and increase 1st Line accountability. • Develop a holistic view of risk and return, apprised of business strategies, results and challenges. • Serve as a trusted risk advisor, respond to 1st Line risk and return needs. • Support with consistent application of the risk frameworks and facilitate risk and return decisions and risk-based prioritization. • Add value to the 1st Line and CRO by proactively delivering a consistent and holistic view of risk and return. • Lead risk and return reviews in targeted areas of risk and provide risk consulting on complex or cross functional topics. • Reviews, researches, interprets, and analyzes risk data to identify trends, emerging risks, and issues. • Responsible for effective independent challenge of first line risk management activities. • Accountable to escalate and report significant issues. • Influences the appropriate management of risk, including: monitoring, reporting, and an escalation structure to optimize risk and return. • Communicates to leadership, this includes preparing information to the Operational Risk and Return Council and Enterprise Risk and Return Council. • Contributes to or leads strategy initiatives for the enterprise risk and return management program.

Requirements

• 4 year Bachelors Degree (Preferred) • 7 or more years of experience, with at least 2 years of experience leading risk initiatives and cross-functional projects (Preferred) • 2+ years of experience and understanding of property and casualty insurance industry (Preferred) • Risk Certifications (RMA, PRMIA, GARP, ERMA, IMA, ISACA, CIA) (Preferred) • Strong understanding of risk and governance, including experience in risk control design and effectiveness reviews • Qualitative and quantitative risk and control analysis • Experience in one or more key operational risk categories (model risk management, AI, business continuity, vendor, data governance, privacy, technology, cyber, fraud), internal audit, or other operational risk area within Allstate • Highly developed relationship management, influencing and leadership skills • Program/project management • Strong organizational, verbal, and written communication skills • Ability to lead and influence across multiple levels