Corporate Planning & Management - Dallas - Vice President, Risk Governance - 9974368

Job Duties

• Responsible for insurance procurement, administration, and compliance for the firm’s global insurance portfolio.
• Establish procedures, standards, and specifications for insurance operations.
• Determine and negotiate insurance requirements based on business needs and regulatory obligations.
• Ensure contractual and regulatory compliance with insurance policies.
• Identify, analyze, and monitor operational and emerging risks across business processes.
• Maintain and improve risk management and insurance processes.
• Collaborate with the global operational risk team to evaluate operational risks and new activities.
• Evaluate hypothetical claims scenarios and expected insurance responses.
• Monitor insurance market and litigation trends to assess external claim developments.
• Share best practices across teams to strengthen risk controls.

Job Requirements

• A Master’s degree (U.S. or foreign equivalent) in Economics, Finance, Mathematics, Accounting, Business Administration or related field and three (3) years of experience in the job offered or in a related role.
• A Bachelor’s degree (U.S. or foreign equivalent) in Economics, Finance, Mathematics, Accounting, Business Administration or related field and five (5) years of experience in the job offered or in a related role.
• Prior experience must include:
• Performing data and contractual analysis of underwriting information, insurance policies, binders and endorsements to create, develop, and ensure accuracy and adequacy of terms and conditions.
• Conducting scenario analysis, including catastrophic and statistical loss modeling, to evaluate the probability of natural catastrophic events, identify and quantify trends, and prepare summary presentations on potential loss scenarios.
• Knowledge of global insurance regulatory requirements and restrictions to identify and quantify exposures and recommend strategies to ensure compliance.
• Monitoring insurance market and litigation trends to identify external claim developments and advise on policy contract impacts and enhancement requirements.
• Administration of insurance captives including oversight of operational, financial performance and knowledge of compliance regulatory requirements.
• Presenting insurance terms, underwriting data, and business requirements to global insurance company underwriters.

International and/or Domestic Travel

Up to 5% of the time per year to meet with insurance underwriters or attend market meetings and board meetings. All travel costs are covered by the firm.