Enterprise Risk Officer

Enterprise Risk Management Leader

At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures.

The Role

Leads the development and advancement of MFS' enterprise risk framework by designing, executing and monitoring continuous improvement of two Enterprise Risk Programs : Global Enterprise Resilience and Corporate Insurance. Ensures these programs are effectively meeting the needs of the firm and adapting to evolving regulatory requirements.

What You Will Do

• Global Enterprise Resilience Program Responsibilities :
• Partners with the Sr. Manager Vendor Management in the design and implementation of a global resilience framework, ensuring it meets business objectives, global standards and adapts to evolving regulatory requirements. Collaborates with senior business leaders across the organization to align resilience efforts. Continuously monitors the effectiveness of the operational resilience framework, adjusting based on emerging threats, business changes, and regulatory updates. Partners with the business continuity, IT, compliance, legal, and cybersecurity teams to ensure that all aspects of operational resilience are integrated and aligned with the overall corporate strategy. Stay abreast of developments in operational resilience, including new technologies, strategies, and global regulatory changes.
• Leads the global resilience testing program including the design, execution, and documentation of scenario tests to evaluate the effectiveness of existing operational resilience frameworks and identify areas for enhancement.
• Collaborates with various departments to create realistic and challenging scenarios that reflect potential operational disruptions, including technological or vendor failures, cyber-attacks, and natural disasters. Analyze the outcomes of scenario tests to assess the readiness of the organization to manage and recover from disruptive events effectively. Maintain a comprehensive database of testing scenarios, results, and follow-up actions to ensure accountability and continuous learning.
• Facilitates workshops and training sessions to enhance the organization's understanding and execution of operational resilience practices.
• Corporate Insurance Program Responsibilities :
• Manages MFS' insurance programs, including development, interpretation, administration, and maintaining related procedures.
• Conducts market research to stay informed; analyzes and suggests new insurance products and alternative risk financing programs; monitors trends and regulations.
• Works with MFS' insurance broker to set strategy and lead annual renewal discussions. Coordinates with ERM management and business teams to review underwriting needs and provide accurate information to brokers and carriers.
• Evaluates and recommends strategies to strengthen MFS's insurance risk profile through the development and adoption of updated policies, procedures, and operational practices, as well as enhancements to associated documentation. Identifies and implements improvements to facilitate the effective administration of all aspects of MFS's insurance programs.
• Serves as the primary contact for insurance matters, provides guidance across MFS, and manages all financial aspects of the insurance program.
• Collaborates with MFS' Legal Department with respect to insurance investigations, negotiations, settlement and recovery of claims.

What We Are Looking For

At MFS, we are dedicated to building a diverse, inclusive and authentic workplace. If you are excited about this role but your past experience doesn't align perfectly, we encourage you to apply - you might be just the right candidate for this role or others.

What We Offer

MFS is a hybrid work environment (remote / onsite) unless otherwise stated in the job posting.