Group Risk Manager, Business Risk & Insurance

About the role

Microsoft's Business Risk & Insurance team is looking for an experienced finance/insurance professional who is passionate about analyzing business risk, data-driven, and enjoys working through complex business scenarios to deliver insights that drive timely decision-making and support Microsoft’s risk framework. In this global and solution-oriented position, you will work in a dynamic and fast-paced environment, applying sound judgment to select methods and techniques for risk mitigation. The Group Risk Manager will support business risk team members, collaborate with external insurance brokers to provide an effective risk mitigation evaluation framework, and oversee technical contract reviews and program risk assessments, ensuring appropriate insurance placement for Microsoft. You will work closely with the Director of Business Risk & Insurance in managing insurance programs and staying up to date with emerging risks. This position operates as a critical leader within the team, charged with assessing, developing, and monitoring Microsoft’s insurance programs while partnering with internal stakeholders to ensure their success.

At Microsoft, our mission—to empower every person and every organization on the planet to achieve more—guides how we partner with customers to deliver trusted, impactful solutions. With a growth mindset culture, we innovate responsibly and measure success by shared progress—people, teams, and customers.

Responsibilities

• Develops comprehensive strategic plans and frameworks to effectively manage and mitigate corporate risks.
• Participates with outside counsel in mediation and other forms of alternative dispute resolution.
• Works with Legal, insurance brokers, and insurance companies in the selection of outside counsel for representation.
• Develops policies and procedures relating to claims reporting and handling in conjunction with internal stakeholders.
• Leads a wide range of claims investigation and management, insurance, loss/exposure, policies and procedures, and other matters.
• Partners with internal stakeholders to develop risk transfer programs with a compliance focus.
• Develops risk renewal strategies and insurance program structures that align with the organization's risk tolerance, including captives, self-insurance, risk transfer, and other methods.
• Directs insurance placement and policy review, overseeing activities of the insurance broker, and ensuring timely delivery of expected deliverables and outcomes.
• In collaboration with the Director of Business Risk & Insurance and additional internal stakeholders, performs analysis to quantify financial impacts of existing and emerging risk exposures, recommending actions for mitigation through insurance as appropriate.
• Utilizes and develops analytics, including benchmarking and other metrics, to evaluate loss trends, working with insurance brokers to understand the total cost of risk.
• Drives relationships with stakeholders for assigned insurance programs, setting innovative strategies, and supports related claims management.
• Participates in Mergers and Acquisitions (M&A) transactions, aiding the M&A team with review of integration plans from an insurance perspective.
• Manages and evaluates policy-term changes in risk and exposure, coordinating with other Risk Managers, the Director of Business Risk & Insurance, and other stakeholders as needed.
• Ensures effective documentation of all related policies, processes, and governance is maintained.
• Embody Microsoft’s culture and values.

Qualifications

Required/Minimum Qualifications:

• Bachelor's Degree AND 6+ years experience in risk management, privacy, security, compliance, government intelligence, operations, and/or finance
• OR 8+ years experience in risk management, privacy, security, compliance, government intelligence, operations, and/or finance
• OR equivalent experience.

Additional or Preferred Qualifications:

• Master's Degree in Risk Management, Engineering, Government Intelligence, Security, or Information Technology, or related field AND 8+ years experience in risk management in the context of operations, engineering, information technology, business analyst, consulting, auditing, privacy, security, compliance, government intelligence, and/or finance
• OR Bachelor's Degree in Risk Management, Engineering, Government Intelligence, Security, Cybersecurity, or Information Technology, or related field AND 12+ years experience in risk management in the context of operations, engineering, information technology, business analyst, consulting, auditing, privacy, security, compliance, government intelligence, and/or finance
• OR equivalent experience.
• Membership with a relevant risk domain area association including: International Association of Privacy Professionals (IAPP), International Information System Security Certification Consortium (ISC)², Information Systems Audit and Control Association (ISACA), Certified Internal Auditor (CIA), Society for Corporate Compliance and Ethics (SCCE), Disaster Recovery Institute (DRI), Certified Business Continuity Professional (CBCB), Committee of Sponsoring Organizations of the Treadway Commission (COSO), and Institute of Internal Auditors (IIA).
• 8+ years of experience in Corporate Risk Management, including claims management.
• Proficient problem-solving, analytical, communication, and project management skills; ability to be responsible for complex projects and influence others.
• Technology-savvy with an ability to bring together teams across the company and lead through influence and inclusion.
• Growth mindset and quick learner with agility in responding to new business challenges balanced with a compliance focus.
• Data-driven, change agent with proven skills to build and lead impactful cross-functional teams, leading with empathy, valuing diverse perspectives, and delivering business results.
• Ability to deal with ambiguity associated with working in a fast-paced and changing environment.

Pay

The typical base pay range for this role across the U.S. is USD $116,900 - $203,600 per year. There is a different range applicable to specific work locations, within the San Francisco Bay area and New York City metropolitan area, and the base pay range for this role in those locations is USD $148,400 - $222,600 per year. Certain roles may be eligible for benefits and other compensation.