Director of Risk Management

IMPORTANT APPLICATION INSTRUCTIONS:

• Upload Resume or Curriculum Vitae for automatic population of information to the application.
• The contact information work experience and education listed on your Resume/CV will be parsed and input into your Montclair application.
• Review information and doublecheck all fields containing information that the system parsed the software is intelligent but you need to verify that the data is accurate.
• In the My Experience section you will find a Resume/CV upload option where you can submit your cover letter and all other supporting documents.

Note: If you have an expansive CV we recommend that you apply manually and only include the positions you have held in the last ten 10 years. You will then be able to attach your Resume/CV as well as all other supporting documentation in the My Experience section of your application.

Job Description

SUMMARY:

Montclair State University (Montclair) seeks a dynamic and collaborative leader to build and lead an Enterprise Risk Management (ERM) function as the Director of Risk Management.

Reporting to the Vice President of Finance and Treasury the Director of Risk Management is responsible for building and administering Montclairs risk management programs. The Director leads enterprise risk management efforts for Montclair and is responsible for developing risk management strategies related policies and procedures and influencing risk owners in integrating risk management processes into the Universitys business academic and research activities to manage and mitigate Montclairs operational risks. This position is a trusted advisor and consultant to university leaders on risk assessment insurance evaluation and riskrelated policy development.

The Director of Risk Management is critical in identifying assessing and mitigating risks across the institution. This position is responsible for developing and implementing a comprehensive enterprise risk management framework that enables proactive risk identification and strategic decisionmaking. The Director of Risk Management will collaborate with various departments to ensure a holistic approach to risk management that supports the Universitys mission goals and compliance requirements and represents the University at the New Jersey colleges & universities Insurance Consortium

PRINCIPAL DUTIES AND RESPONSIBILITIES:

Governance & Program Development

• Promote bestpractice risk management standards across all university levels. Identify a crossfunctional committee of appropriate University leaders as risk champions/executive sponsors.

• Consult and collaborate with constituencies across the institution stakeholders and affiliated organizations on business process improvement opportunities and operational and strategic risk issues to ensure that activities and objectives are aligned with sound management policies and practices.

• Develop a model to identify the Universitys risk appetite and tolerance levels.

Risk Identification

• Conduct or facilitate risk assessment collect and analyze documentation statistics reports and market trends to create and maintain a Universitywide risk profile/register.

• Maintain working knowledge of existing and developing laws and regulations applicable to the University; assess and explain how new requirements may affect future risk exposure.

• Maintain working knowledge of emerging higher educationrelated issues and trends impacting effective risk management strategies.

• Provide advisory services to identify and address operational compliance and strategic risks.

Risk Evaluation & Mitigation Strategy

• Advocate for the value of risk management in all University operations.

• Develop and recommend policies and procedures to support an overall University strategy to manage the cost of income loss protection and risk financing.

• Develop and deliver education and training to cultivate a culture of risk awareness and appropriate mitigation activities.

Insurance Risk Management

• Maintain relationships with thirdparty service providers (brokers insurers state insurance administrators etc. and act as the primary liaison with those service providers.

• Oversee administration recordkeeping and oversight of insurance programs and policies across various loss types. Maintains current accurate and meaningful insurance premium legal loss claims and related statistical risk management records.

  • Including consortium insurance programs (Property WorkRelated State Auto Student Health Commercial Crime Professional General & Employee Liability etc.

• Work with other operational departments to administer campuswide employee safety and risk programs and provide appropriate followup to address issues contributing to unsafe work practices or environments.

Business Continuity/Disaster Recovery

• Work with operational and academic departments to develop and coordinate a universitywide Business Continuity Plan (BCP) to maintain functional operations during and/or following disruptive events.

• Participate in University safety and critical incident response committees and workgroups as needed.

Performs other related duties as assigned.

Management retains the right to change or add job duties anytime

QUALIFICATIONS:

:

• Bachelors degree from an accredited college or university

• Minimum of seven 7 years of progressive experience in risk management insurance audit or compliance.

• Demonstrated experience in implementing an ERM framework using key principles and their application to organizational operations and governance.

• Experience in a risk management and insurance environment managing budgets and participating in financial planning and analysis of insurance portfolios.

• Experience in communicating to a broad range of stakeholders including senior leadership.

• Ability to communicate effectively orally and in writing including complex reports and presentations.

PREFERRED:

• Masters degree in a related field or J.D.

• Experience in higher education nonprofit or government similar to Montclairs size and complexity.

• Professional license certification or designation related to or demonstrating competency in ERM.

• Understanding of and respect for the varied backgrounds experiences and perspectives of university students faculty and staff.

PROCEDURE FOR CANDIDACY

Applicants should include a resume and cover letter describing how their background skills and education match the needs of the University. When applying please take a moment to carefully read and follow the steps in the application instructions.

Department

Position Type

Contact Information:

For questions or concerns please contact Human Resources Workday Recruiting Support at (Option 2 or email talent@montclair.

EEO/AA Statement

Montclair State University is an Equal Opportunity/Affirmative Action institution with a strong commitment to diversity.

Additional information can be found on the website at
IX and 34 C.F.R. 106 Policy

Montclair State is required by Title IX and 34 C.F.R. 106 not to discriminate on the basis of sex or gender and does not discriminate on the basis of sex or gender in the operation of education programs and activities. The requirement to not discriminate on the basis of sex or gender in the operation of education programs and activities extends to admission and employment. For further details please visit: Experience:

Director