Director of Risk Management

The Director of Risk Management is responsible for developing, implementing, and overseeing comprehensive risk management programs to minimize operational, insurable, environmental health and safety, and financial risks across the institution.

The Director manages a centralized Environmental Health & Safety (EH&S) team and Enterprise Risk Manager to oversee and collaborate with operational units reducing and preventing loss to reasonably ensure the health and safety for students, faculty, staff, and visitors.

The Director of Risk Management collaborates to achieve college-wide regulatory compliance in areas of responsibility. The Director of Risk Management manages in-house and contracted resources.

Duties and Responsibilities :

• Identifies, assesses, and prioritizes operational risk across all departments and functions of the College. Develops and implements strategies to mitigate operational risk and enhance organizational resilience
• Provides guidance and support to department heads and staff in identifying and addressing operational risks in their areas of responsibility, enhancing the opportunity for success
• Develops and implements programs and policies to promote environmental health and safety throughout the college community.

Conducts or coordinate risk assessments and audits to identify potential hazards and ensure compliance with regulations, standards, and policy.

Provide training and education to faculty, staff, and students on safety protocols and safe practices

Manages the College's insurance and self-insurance programs, including property, casualty, liability, workers' compensation, secondary medical, international, and other relevant insurance policies and programs.

Reviews and analyzes coverage options to ensure adequacy and cost effectiveness. Manages information collection and submission for coverage applications and renewals.

Serves as the College's licensed Risk Management Consultant

• Leads by example while managing and supervising subordinate staff, setting clear expectations, providing guidance and support, training and development, monitoring progress and performance, fostering a positive work environment, recognizing achievement and addressing performance issues, and supporting personal development and growth
• Facilitates the College's development of enterprise risk management, collaborating with the Enterprise Risk Manager to develop and enhance value for the College, fostering greater accomplishment of institutional objectives
• Develops standards and recommendations for contracts related to risk, including standard insurance and indemnification language, and approving or negotiating modifications, assessing higher risk agreements, and ensuring appropriate third-party risk considerations are appropriately addressed
• Coordinates coverage management and claims management processes and liaise with insurance brokers, insurance companies, and risk financing programs, as needed
• Ensures compliance with applicable laws, regulations, and industry standards related to risk management and insurance.

Prepares reports as needed or appropriate

Performs all other duties and responsibilities as assigned or directed by the supervisor

Job Requirements :

• Bachelor’s degree in Risk management, Insurance, Business Administration or related field and
• Five to eight years of related experience in risk management, preferably in higher education or a large organizational setting and
• Three years of supervisory experience
• An equivalent combination of certification, education, and experience sufficient to successfully perform the essential duties of the job such as those listed above

Preferred :

• Master’s degree in closely related field of study
• Eight years of related experience
• ARM, CRM or similar professional certification

The ideal candidate will have the following knowledge, skills and abilities :

Risk Management Expertise :

• In-depth understanding of risk management principles, methodologies, and best practices
• Proficiency in assessing and prioritizing risks across various operational, insurable, and environmental health and safety domains
• Knowledge of relevant laws, regulations, and industry standards pertaining to risk management and insurance
• Working knowledge of Enterprise Risk Management principles

Insurance and Risk Financing Knowledge :

• Comprehensive knowledge of insurance products, including property, casualty, liability, and workers' compensation insurance
• Familiarity with risk financing strategies, such as self-insurance and alternative risk transfer mechanisms
• Ability to analyze insurance policies, contracts, and financial instruments to optimize risk transfer and coverage

Analytical and Problem-Solving Skills :

• Strong analytical skills with the ability to identify trends, patterns, and root causes of risks and issues
• Effective problem-solving skills to develop innovative solutions and strategies for risk mitigation and management
• Capacity to conduct risk assessments, scenario analyses, and cost-benefit analyses to inform decision-making

Communication and Interpersonal Skills :

• Excellent written and verbal communication skills, with the ability to convey complex risk management concepts clearly and effectively
• Strong interpersonal skills to collaborate with stakeholders across the organization, including senior management, department heads, and employees
• Ability to build and maintain positive relationships with insurance carriers and pools, brokers, regulatory agencies, and other external partners

Leadership and Team Management :

• Demonstrated leadership abilities, with a track record of leading cross-functional teams and driving results in a complex organizational environment
• Ability to inspire and motivate team members, fostering a culture of collaboration, accountability, and continuous improvement
• Experience in recruiting, training, and developing talent, as well as managing performance and providing constructive feedback

Additional knowledge :

• Knowledge of regulatory compliance principles and practices
• Knowledge of advising and counseling practices
• Knowledge of business management and fiscal practices
• Knowledge of principles and methods for promoting programs and services
• Knowledge and application of various instructional methodologies
• Skill in budget / resource management
• Skill in people leadership and supervision
• Skill in program development and process improvement
• Ability to develop and maintain effective and positive working relationships

Physical Requirements :

Environment : Work is performed primarily in a non-traditional work environment with staff contact and frequent interruptions.

• Physical : Primary functions require sufficient physical ability and mobility to work in an non-traditional work setting;
• to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, climb, balance, reach, and twist;
• to lift, carry, push, and / or pull moderate (up to 50 pounds) amounts of weight; to operate various equipment required to perform job including office equipment requiring repetitive hand movement and fine coordination, , computer keyboard;

may be required to travel to other locations using various modes of private and commercial transportation; and to verbally communicate to exchange information.

May be exposed to various hazardous conditions such as extreme heat, extreme cold, infectious disease, moving vehicles, electrical current, chemicals, tight spaces, or high places, moving mechanical parts, etc.

Vision : Ability to see in the normal visual range with or without correction.

Hearing : Ability to hear in the normal audio range with or without correction.