Head of Enterprise Risk Management

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🕒 April 2

🏈 Ohio – Remote

🏈 Ohio – Remote

⏰ Full Time

🔴 Lead

🎲 Risk

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Westfield Health

WebsiteLinkedInAll Job Openings

201 - 500 employees

Founded 1919

⚕️ Healthcare Insurance

🧘 Wellness

🤝 B2B

Healthcare Insurance • Wellness • B2B

Westfield Health is a provider of health and wellbeing solutions dedicated to improving the quality of life of individuals and the communities they serve. Established in 1919, the company offers a range of services including health cash plans, private health insurance, mental health support, and corporate wellbeing strategies tailored to enhance employee engagement and productivity. Westfield Health aims to empower customers and businesses with effective health management tools and promotes a proactive, preventative approach to wellness.

📋 Description

• Architect, implement, and mature the enterprise risk management framework aligned to strategy, capital, and performance objectives. • Define and operationalize enterprise risk appetite and tolerances in collaboration with executive leadership and the Board; cascade into policies, incentives, performance management, and investment decisions. • Establish and maintain enterprise‑wide risk governance, including a common risk language, taxonomy, and measurement standards. • Develop an effective Three Lines of Defense model, delineating ownership and influence across risk‑related functions including capital management, operational risk, IT/Cyber, compliance, legal, internal audit, and business units. • Lead recurring Enterprise Risk Assessments (ERAs) and materiality analyses; maintain an enterprise risk register capturing risk velocity, interdependencies, concentrations, and residual exposure. • Implement key risk indicators (KRIs), early‑warning mechanisms, scenario analysis, stress testing, and emerging risk monitoring. • Serve as an independent enterprise challenger to strategic decisions, capital deployment, and portfolio trade‑offs. • Embed risk‑adjusted decision‑making into strategy development, M&A, capital planning, portfolio management, and large‑scale transformation initiatives. • Partner with the Financial Planning & Analysis (FP&A) department and business leadership to integrate risk impacts into forecasts, plans, and resource allocation decisions. • Ensure major programs and initiatives include defined risk gates, mitigation plans, and post‑implementation reviews. • Oversee and strengthen operational risk management, including Risk and Control Self-Assessments (RCSAs), incident and loss event reporting, remediation tracking, and thematic analysis. • Support enterprise resilience through Business Continuity, Disaster Recovery, and Crisis Management planning, simulations, and after‑action reviews. • Enhance Third‑Party Risk Management, including due diligence, segmentation, ongoing monitoring, and exit planning using a tiered oversight approach. • Develop enterprise risk data, analytics, and dashboards to provide timely insights, trend analysis, heatmaps, KRIs, and scenario outcomes. • Establish effective executive and Board risk reporting cadences and automate reporting processes to improve timeliness and data quality. • Provide input into ORSA, capital adequacy, emerging risk disclosures, and regulatory risk reporting as applicable. • Build and sustain a strong enterprise risk culture through clear accountability, role‑based enablement, and leadership engagement. • Lead, develop, and scale a high‑performing ERM team, including leveraging centers of excellence and embedded business risk champions. • Provide strategic input to the CRO on segment strategies, risk appetite breaches, and aggregated enterprise risk and capital usage.

🎯 Requirements

• 12+ years of progressive experience in enterprise risk management, finance, strategy, or related leadership roles. • 5+ years of senior people leadership experience. • Bachelor’s degree in Finance, Risk Management, Accounting, Business, or a related discipline required; advanced degree preferred. • Experience operating at the executive and Board level. • Strong understanding of ERM frameworks, capital management, operational risk, governance, and enterprise transformation. • Insurance or financial services industry experience preferred. • Professional risk or finance certifications (e.g., CPA, CFA, FRM, CERA) preferred.

🏖️ Benefits

• Health insurance • Retirement plans • Paid time off • Flexible work arrangements