What are the responsibilities and job description for the Director - Enterprise Risk Management position at Virginia Commonwealth University Health Systems?
Essential Job Statements
Leads the development and documentation of the ERM Program, includingenterpriserisk framework andenterpriseriskappetite/framework/tolerance in collaboration with Senior Leadership.Fosters and builds a risk-intelligent culture.
Manages the enterprise-wide risk assessmentprocess,includingmaintainingtheorganization'srisk inventory through collaboration withleaders of each domain to develop risk mitigationstrategies.Promotes effective and ongoing communication and sharing of informationto escalate risk concerns.
Develops and evaluates theHealth System's approach to risk identification, management,monitoring,and communication.Facilitates the identificationof risk, developsreports,and monitors ERM issues.
Engageleaders and colleagues in the practice of identifying, managing,monitoringand communicating risk across various departments and functions within the HealthSystem,including clinical,financial,operationaland strategicrisk.
Monitors the effectiveness ofenterpriserisk management strategies, tracking key risk indicators, andreporting onrisk-related issues to senior management and the board.
Develops ERM tools,practicesand policies toreport and analyze enterprise riskmanagement and tofacilitatethe management of riskaccording to the Health System's ERM framework.
Develops ERM policies and strategiesbased on bestpractices,including consideration ofcurrent developments that couldimpactthe organization's profile,the regulatory environment, rating agencystandards,and strategicinitiatives of the Health System.
Develop and manage ERMtraining and educationforstaffbasedon ERM principles and practices, promoting a consistent approach to risk management throughout theHealth System.
Usesanalytics andmonitorsinternal/externalenvironmentfor relevant informationtofacilitaterisk identification andimplementation ofmitigationplans.
Understandingofbest practices in ERMand operational risk. Remainsawareof current developments that couldimpacttheorganization's profile andmaintainscommunication with Senior Leadership to ensureappropriatemitigationplans are implemented.
Develops and implementsenterpriserisk management practices, including policy development,methodologyfor measuring model risk and criticality, process improvement, data standards, and documentation requirements.
Performs other duties as assigned and/orparticipatesin special projects to support the mission of VCUHS.Acceptsalternate assignments, asrequiredto fulfill business needs.
Patient Population: N/A
Employment Qualifications
RequiredEducation:Baccalaureate Degree inHealthcare Administration, Health Law, Public Health, or Business Administration from an accredited program
Preferred Education:Master's Degree in Healthcare,Administration, HealthLaw, PublicHealth,or Business Administration from an accredited program
Licensing/ Certification
Licensure/Certification Required:N/A
Licensure/CertificationPreferred:Certified Professional in Healthcare Risk Management (CPHRM)
Minimum Qualifications
Yearsand TypeofRequiredExperience: Required:7yearsofEnterprise Risk Management,Legal or Health CareAdministration,including 3 years of Management experience.Previouswork experience in a complex healthcare environment and organizational operations. Experience inCorporate/Risk Governance, Risk Management, Regulatory Management, Legal, or related areas.Experience with ERM principles and methodologies. Previouswork experience in developing and implementingenterpriserisk managementframeworkand strategies. Previouswork experience with statistics, data collection,analysis,and data presentation
Other Knowledge,Skillsand Abilities Required:Excellent Analytical skills with the ability to interpret complex data and trends and present findings to executive team. Proficient in risk management tools and software. Strong communicationskills to effectively present risk information to executive leadership and board members. Ability to work cross-functionally with various departments. Leadership and Development. Strong critical thinking skills, including strategic thinking, effective analysis ofdata,and the ability to aggregate riskacrossthe healthsystem into enterprise risk.Decision-Making. Adaptability and Resilience. Strong project management skills and ability toestablishproject goals,schedules, and deliverables and to managenumerouscomplex projects.
Other Knowledge,Skillsand AbilitiesPreferred:Experience in transformation and change leadership. Previousexperience in an academic medical center environment. Experience in leading process improvement initiatives as well as teaching and coaching new leaders.
Working Conditions: Periods of high stress and fluctuating workloads may occur.General office environment.
Physical Requirements
Physical Demands: Lifting/ Carrying(0-50 lbs.)
Work Position: Sitting, Walking, Standing
Additional Physical Requirements/ Hazards
Additional Physical Requirements: N/A
Hazards: N/A
Mental/Sensory -Emotional
Mental/Sensory: Strong Recall, Reasoning, Problem Solving, Hearing, Speak Clearly, Write Legibly, Reading, Logical Thinking
Emotional: Fast pace environment, Able to Handle Multiple Priorities, Able to Adapt to Frequent Change
EEO Employer/Disabled/Protected Veteran
VCU Health System Authority (VCU Health) complies with applicable civil rights laws and does not discriminate on the basis of race, sex, color, national origin, religion, sexual orientation, gender identity or expression, age, political affiliation, disabilities, marital status, veteran status, residence, financial status, or any other manner prohibited by law.