The Risk Management Analyst is responsible for identifying, assessing and responding appropriately to strategic, operational, governance, and financial risks to achieving business objectives. Assists management in all areas of corporate activity to balance risk and reward within the organization`s risk appetite. Analyzes corporate and enterprise risk management solutions and works with other divisions to develop activities towards completion of those solutions. Utilizes sophisticated business models to determine the impacts of various risk management techniques and alternatives. Presents risk management results to both internal and external stakeholders and serves as a subject matter expert on assigned risk areas.
Enterprise Risk Management (50%)
Assists in the identification and analysis of risks to the organization.
Utilizes risk management techniques to accept, mitigate, or transfer risk according to American Family`s stated risk appetite.
Assists the identified risk owner with the development of an implementation plan to bring the risk within established guidelines.
Utilizes analytical, problem solving, and statistical skills to assist and support the identified risk owner with monitoring processes and tools consistent with the enterprise view of risk and risk tolerance goals.
Develops working relationships with assigned functional area clients.
Project Management (15%)
Manages projects of low complexity, or multiple concurrent projects with resource interdependencies.
Collaborates in cross divisional project teams, establishes project scope, develops project plans, determines member accountabilities, and establishes milestones and stoplight reporting to assure the project completion.
Reports project team efforts to the stakeholders and assure consistent communication continues among the project team and their sponsors.
Management Reporting (15%)
Utilizes management reporting to assist decision makers at all levels of the organization by addressing and monitoring operational, financial, and other risks through various metrics, report designs, and presentation media.
Assists project teams with the establishment of enterprise wide metric reporting for individual risks.
Participates in presentations of project reports, findings, and recommendations to stakeholders and risk steering committees.
Educates stakeholders on unfamiliar concepts to ensure proper understanding of deliverables.
Corporate Risk Management (10%)
Assists with analysis, development, implementation and support of corporate risk management programs to balance risk and reward within the organization`s risk appetite.
Utilizes corporate risk management solutions and works with other divisions to develop activities towards completion of these activities.
Utilizes both risk control and risk financing techniques to exploit and/or control risks according to American Family`s stated risk appetite by working closely with other divisions.
Acts as resource on risk management program, including insurance contracts purchased by the company to protect corporate assets.
Acts as a resource for management and staff throughout the company to increase knowledge of corporate loss control efforts and to raise awareness.
Internal Control & Risk Assessment Analysis (10%)
Completes internal controls risk assessment and documentation for business processes that may impact multiple complimentary controls or are integrated or interdependent on other processes.
Assists in the development of test plans for compound and complimentary internal controls in accordance with insurance regulations and corporate standards. Monitors the execution of test plans and development of process improvements where needed by owners of divisional business processes and controls.
Documents and monitors implementation of process improvements and retesting when needed. Communicates the results of internal risk control assessments and process and system testing to department management.
Prepares necessary documentation, and data and obtains sign-offs regarding internal controls assessment results for the Internal Control Unit within established timeframes.
Collaborates with the Internal Controls Unit of the Controller Division when developing and implementing divisional internal control processes and systems. Facilitates integration of P&C Loss Reserving Internal Control programs with Corporate Internal Control programs
This position requires travel up to 5% of the time
Specialized Knowledge and Skills Requirements
Demonstrated experience providing customer-driven solutions, support or service
Basic knowledge and understanding of risk management techniques.
Solid knowledge and understanding of advanced financial analysis, operational analysis, forecasting techniques, statistical analysis, data modeling and data mining.
Previous experience in the insurance industry desired
Offer to selected candidate will be made contingent on the results of applicable background checks
Offer to selected candidate in contingent on signing a non-disclosure agreement for proprietary information, trade secrets, and inventions
Our policy restricts consideration of applicants needing employment sponsorship (visas) to specialty occupations. Sponsorship will not be considered for this position
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