Sorry! This job is no longer available. Please explore similar jobs listed on the left.
Endurance Services is Hiring a Senior Operational Risk Manager - North America Near New York, NY
As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions. Job Description The Senior Operational Risk Manager will be based in New York and is a new position in the Company that will report directly to the Operational Risk Principal of Sompo International. The successful candidate will be responsible for the delivery of highly effective operational risk management practices in North America with a focus on establishing an open risk culture and an emphasis on learning and continuous improvement. The remit of the role will include 2nd line review of underwriting control, underwriting operations as well as the functional areas supporting the North America Commercial Insurance platform. The successful candidate will also be responsible for supporting the North America CEO and wider management teams to provide ongoing assurance regarding the operational resilience of our businesses in the region. Responsibilities include: Implementation of the Sompo International operational risk framework in North America working closely with the first line to review and assess the effectiveness of governance and risk control across the business. As part of this, support management with the development and maintenance of robust risk registers as well as the effective performance of Risk and Control Self-Assessment (RSCAs). Sompo International Holdings – Brief to Search Senior Operational Risk Manager Support an effective incident and near-miss reporting process in the region, including the delivery of training and education to staff as well as wider guidance and support on incident management. In coordination with the North America CEO and wider leadership team, identify potential candidates for deep dive control reviews where the business is seeking specific guidance and recommendations for improving the control environment. Also lead any group-wide thematical reviews within the region. Support the monitoring of key change initiatives, including business expansion plans, new distribution channels and digital platforms as well as major system / technology changes. Support the business owners of these change initiatives to perform risk assessments and with the ongoing tracking of execution risk and issues. Work closely with the other control functions in North America including compliance and internal audit to ensure there is strong communication, information sharing and an efficient and consistent approach to assurance activities and reporting in the region. Production of high quality and impactful operational risk reporting for presentation to a variety of audiences (e.g., SBU Leadership, Group Management Risk Committee, Legal Entity governance forums) Skills & Experience: Experienced risk professional with a strong track record within the insurance industry providing control assurance in relation to the core areas of the business including underwriting governance, underwriting operations, and other key support functions. Strong communication skills with the ability to operate fluently and effectively within a diverse multinational organization. Willingness to constructively challenge as a critical friend and partner to the business Ability to think critically through issues and focus the attention of the business on the most impactful decision Salary Range: $130,000 - $190,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience At Sompo International, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees. Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance. We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs: Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution. Pharmacy benefits with mail order options. Dental benefits including orthodontia benefits for adults and children. Vision benefits. Health Care & Dependent Care Flexible Spending Accounts. Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children. Company-paid Disability benefits with very competitive salary continuation payments. 401(k) Retirement Savings Plan with competitive employer contributions. Competitive paid-time-off programs, including company-paid holidays. Competitive Parental Leave Benefits & Adoption Assistance program Employee Assistance Program Tax-Free Commuter Benefit Tuition Reimbursement & Professional Qualification benefits. Sompo International offers a competitive compensation and benefits package. Sompo International is an equal opportunity employer committed to a diverse workforce. M/F/D/V Visit our website at www.sompo-intl.com Sompo International is a global specialty provider of property and casualty insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., UK, Continental Europe and Asia. Our commitment to integrity, teamwork, agility, execution and excellence define our culture. As we continue to grow, we strive to find talented, creative and driven professionals to join our diverse workforce. We offer a broad range of career opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our approach to our business partners and colleagues is embodied within our strong core values. We are committed to maintaining excellent financial strength, industry-leading risk management practices and fully-accountable and engaged employees. We place a high value on community involvement, giving back to our local communities and support like-minded organizations and associations. Learn more About Sompo International