- Pay
- $280–320k
- Where
- Boston, MA · Hingham, MA
- Level
- Senior
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1. Position Summary
Reporting to the Senior Vice President of Risk and Audit Management, the Vice President of Enterprise Risk Management provides leadership to ensure the optimal design and alignment of all risk management functions in support of Blue Cross and Blue Shield’s (BCBSMA’s) mission, vision, and values. Serves as a key executive leader and strategic advisor on risk management across the enterprise. Leads the development and implementation of a risk management vision that delivers strategic thought and partnership across the enterprise. Develops risk management programs that are designed to identify, eliminate or reduce, and insure against potential risks to BCBSMA and its related entities and customers.
2. Core Responsibilities & Essential Functions
A. Strategic & Financial Leadership
· ERM Strategy & Execution: Lead the development and execution of the Enterprise Risk Management strategy. Participate in company-wide strategic planning, policy formulation and budgeting.
· Financial & Goal Management: Formulate and establish annual division goals and oversee the annual division budget to guarantee optimal resource allocation and alignment with corporate strategic objectives. This includes overseeing department vendor relationships and contracts to ensure seamless service delivery in alignment with enterprise risk management standards and budget requirements.
· Executive Partnership: Work closely with senior executives and business unit stakeholders to understand, manage, and influence appropriate action on enterprise strategic, financial, and operational risks.
· Business Partnership: Serve as the day-to-day internal business partner, consultant, subject matter expert, and resource for employees in all departments regarding specific situations or transactions not covered by existing procedures and standards or requiring elevated investigation and oversight.
B. Risk Governance & Framework Integrity
· Framework Ownership: Define, develop, and strengthen the enterprise risk framework, including the company’s risk appetite, limits, standards, and policies to ensure the organization operates within stated guardrails.
· Focused Risk Reviews: Help to identify and monitor critical risk issues including frequent reporting of outstanding exception items and timeframe for remediation to senior management to support strategic goals, regulatory requirements and other critical objectives. Manage emerging risks, divisional risks and other targeted risk reviews and related reporting annually.
· Technology Risk Reviews: Oversee technology risk program including review of technology infrastructure, sustainability, resilience and strategic goals and projects.
C. Innovation, AI & Talent Strategy
· AI & Automation Vision: Drive the strategic vision and establish the governance framework for integrating Artificial Intelligence (AI) and automation technologies within the risk function and across the business, ensuring alignment with corporate ethics and data privacy standards. Support the oversight of and participation in the AI governance program.
· Talent & Capability Development: Oversee the long-term talent strategy and upskilling initiatives to ensure the ERM team possesses the necessary capabilities to leverage advanced analytics, AI, and automation tools responsibly and effectively.
D. Business Continuity Program, Corporate Insurance Program and Third Party Vendor Risk Management Oversight
· Executive Oversight: Lead the execution of complex projects and oversee key risk programs, including business continuity, crisis management, and the corporate insurance portfolio including a Vermont domiciled captive insurer.
· Vendor Risk Management: Provide executive-level leadership and oversight of the Third-Party/Vendor Security Risk program including related policy management.
E.…