Vice President of Enterprise Risk Management
Company: Blue Cross and Blue Shield of Massachusetts Inc.
Location: Boston
Posted on: May 3, 2024
Job Description:
Vice President of Enterprise Risk Management page is loaded Vice
President of Enterprise Risk Management Apply locations Boston time
type Full time posted on Posted 3 Days Ago job requisition id
R06898 Ready to help us transform healthcare? Bring your true
colors to blue.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.Essential Duties & Responsibilities: -
- Develop BCBSMA's Enterprise Risk Management strategy and
objectives.
- Work closely with senior executives to understand and manage
enterprise strategic, financial, and operational, risks
- Develop, implement, and oversee various risk management
vehicles as they evolve from time to time including, but not
limited to, the current corporate liability insurance portfolio and
a Vermont domiciled captive insurer.
- Lead corporate resiliency and preparedness through, among other
things, a robust business continuity and disaster readiness program
and crisis management response plan.
- Lead Third Party/Vendor Security Risk assessment program and
related traditional Governance, Risk, and Compliance ("GRC")
program.
- Define and develop standards, processes and policy for the
evaluation of risk across the enterprise to ensure the organization
operates within stated policies.
- As a member of the senior management team, participates in
company-wide strategic planning, policy formulation, and
budgeting.
- Present strategy, objectives and other deliverables to the
Board of Directors and Senior Management.
- Represent the SVP Audit and Risk at internal and external
venues including but not limited to with the Division of
Insurance
- Provide independent and objective risk assessments to executive
management, the Board of Directors, BCBS Association and
state/federal regulatory agencies as required.
- Monitor major and critical risk issues including frequent
reporting of outstanding exception items and timeframe for
remediation to senior management and board of directors
- Create a comprehensive risk-based audit approach that is
responsive to BSBC's internal control, financial and operational
risks and reflects a thorough understanding of the company's
business and operations and the changing regulatory
environment.
- Lead the execution of complex projects, anticipating and
providing solutions to complex issues, and allocating and
coordinating the necessary resources.
- Continue to enhance the company's risk appetite and limit;
structure risk assessment and internal auditing processes relative
to best and leading practices.
- Establish and maintain effective working relationships with
senior management and influences appropriate action across the
organization to increase the likelihood of achieving operational
objectives and minimizing risks.
- 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.
- Performs management duties including, but not limited to:
hiring, training, evaluating, coaching, and developing direct
reports. Fosters a positive and engaging work environment. Mentors
associates and gives guidance on associate development
- Work with senior stakeholders within the business divisions,
strengthening and developing the risk framework and its individual
components
- Oversee contemporary reporting that informs Senior
Leadership
- Remain current on business drivers, regulatory and industry
changes impacting the business, identify new or emerging risks to
which the business is exposed.
- Create meaningful partnership with Operations team (IT and
Claims) to including consistent participation in staff meetings and
other business meetings and forums.Qualifications:
- Highly credible risk professional with strong financial
acumen.
- A seasoned business leader with 15+ years' experience including
experience in Risk Management within the health insurance
industry.
- Successful leadership of major risk assessments resulting in
successful outcomes.
- Knowledge of Hi-Trust preferred
- Extensive knowledge of health insurance industry and products
preferred.
- Extensive knowledge and experience with compliance policies,
regulations, and procedures.
- Knowledge of state-of-the-art proactive auditing
approaches.Education:
- Bachelor's degree required (Accounting/Finance/Risk Management
preferred).
- Master's degree preferred.
- One or more of the following certifications preferred:
- Certified Internal Auditor (CIA)
- Certification in Control Self-Assessment (CCSA)Minimum
Education Requirements: High school degree or equivalent required
unless otherwise noted above LocationBostonTime TypeFull timeSalary
Range: $255,600.00 - $312,400.00The job posting range is the lowest
to highest salary we in good faith believe we would pay for this
role at the time of this posting. We may ultimately pay more or
less than the posted range, and the range may be modified in the
future. An employee's pay position within the salary range will be
based on several factors including, but limited to, relevant
education, qualifications, certifications, experience, skills,
performance, shift, travel requirements, sales or revenue-based
metrics, and business or organizational needs and
affordability.This job is also eligible for variable pay.We offer
comprehensive package of benefits including paid time off,
medical/dental/vision insurance, 401(k), and a suite of well-being
benefits to eligible employees.Note: No amount of pay is considered
to be wages or compensation until such amount is earned, vested,
and determinable. The amount and availability of any bonus,
commission, or any other form of compensation that are allocable to
a particular employee remains in the Company's sole discretion
unless and until paid and may be modified at the Company's sole
discretion, consistent with the law.WHY Blue Cross Blue Shield of
MA?We understand that the -confidence gap -and -imposter syndrome
-can prevent amazing candidates coming our way, so please don't
hesitate to apply. We'd love to hear from you. You might be just
what we need for this role or possibly another one at Blue Cross
Blue Shield of MA. The more voices we have represented and
amplified in our business, the more we will all thrive, contribute,
and be brilliant. We encourage you to bring us your true colors, ,
your perspectives, and your experiences. It's in our differences
that we will remain relentless in our pursuit to transform
healthcare for ALL.As an employer, we are committed to investing in
your development and providing the necessary resources to enable
your success. Learn how we are dedicated to creating an inclusive
and rewarding workplace that promotes excellence and provides
opportunities for employees to forge their unique career path by
visiting our -Company Culture -page. If this sounds like something
you'd like to be a part of, we'd love to hear from you. You can
also join our -Talent Community -to stay "in the know" on all
things Blue.At Blue Cross Blue Shield of Massachusetts, we believe
in wellness and that work/life balance is a key part of associate
wellbeing. We provide a flexible hybrid work model in which roles
are designated as resident (on site 4-5 days/week), mobile (on site
1-3 days/week), or eworker (on site 0-3 days/month). About Us Voted
as the highest in member satisfaction among Massachusetts
commercial health plans by JD Power , Blue Cross Blue Shield of
Massachusetts is a community-focused, tax-paying, not-for-profit
health plan headquartered in Boston. We have been a market leader
for over 75 years, and are consistently ranked among the nation's
best health plans. Our daily efforts are dedicated to effectively
serving our 2.8 million members, and consistently offering
security, stability, and peace of mind to both our members and
associates.Our Commitment to YouWe are committed to investing in
your development and providing the necessary resources to enable
your success. We are dedicated to creating a refreshing and
rewarding workplace that promotes excellence and provides
opportunities for employees to forge their unique career path. We
take pride in our diverse, community-centric, wellness-focused
culture and believe every member of our team deserves to enjoy a
positive work-life balance.Blue Cross Blue Shield of Massachusetts
is an Equal Employment / Affirmative Action Employer. Applicants
are considered for all positions without regard to race, color,
religion, sex, national origin, age, veteran status, disability,
sexual orientation, gender identity or expression, or any other
characteristics protected by law.Blue Cross Blue Shield of
Massachusetts will not discharge or in any other manner
discriminate against employees or applicants because they have
inquired about, discussed, or disclosed their own pay or the pay of
another employee or applicant. However, employees who have access
to the compensation information of other employees or applicants as
a part of their essential job functions cannot disclose the pay of
other employees or applicants to individuals who do not otherwise
have access to compensation information, unless the disclosure is
(a) in response to a formal complaint or charge, (b) in furtherance
of an investigation, proceeding, hearing, or action, including an
investigation conducted by the employer, or (c) consistent with
Blue Cross Blue Shield of Massachusetts's legal duty to furnish
information.
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Keywords: Blue Cross and Blue Shield of Massachusetts Inc., Warwick , Vice President of Enterprise Risk Management, Accounting, Auditing , Boston, Rhode Island
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