Description
Are you looking for your next opportunity?
Sompo has a unique opportunity for an Assistant Vice President, Operational Risk to join our North America Risk team.
As an Assistant Vice President, Operational Risk, you will be supported by the wider Group Risk Function comprising several centers of core risk competency including exposure management, ERM and reporting, operational risk management, risk modelling and validation/research. Each of these global teams are led by experienced risk professionals who are charged with establishing best practices, developing global capabilities, and providing group-wide support.
Location: This position will be based out of our New York, NY or Morristown, NJ office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.
Our business, your impact, our opportunity:
What you’ll be doing:
Operational Risk
- Lead the North America RCSA process across underwriting, claims, operations, and support functions, ensuring quality and completeness of risk registers and self-assessments. Provide training and expert guidance on the GRC system.
- Manage the risk incident process, overseeing root cause analysis, impact assessments, and documentation to mitigate operational risks.
- Deliver 2nd line assurance and monitoring for strategic growth initiatives and key projects, proactively managing risks.
- Develop and present operational risk reports and dashboards to regional executives, highlighting key risks and trends to support decision-making.
- Lead governance and control reviews to strengthen controls and ensure compliance.
- Collaborate with internal control functions, including Internal Audit and Compliance, aligning on annual assurance plans and enterprise risk activities.
ERM & Reporting
- Lead preparation of annual U.S. and Canada ORSA reports with supporting analysis to meet regulatory expectations.
- Maintain local risk policies aligned with group standards to comply with U.S. and Canadian regulations.
- Own the North America Material Risk Register, engaging senior leadership in risk identification and mitigation.
- Support compliance with OSFI, U.S. State, and NAIC regulations, managing filings and responding to updates.
- Assist in delivering ERM training programs to promote risk awareness organization wide.
- Partner with the North America CRO on business plan risk reviews, executive and board risk reporting, and key risk initiatives.
Requirements
What you’ll bring:
- Minimum of 5 years’ experience in a comparable risk management or consulting role within the Commercial P&C insurance sector.
- Deep understanding of risk management regulatory requirements and industry best practices.
- Bachelor’s or advanced degree in a technical or relevant field, with strong specialist risk expertise, professional knowledge, and financial acumen. Professional designations are preferred.
- Proven ability to identify, assess, and manage risks and issues across a diverse portfolio of products and geographies simultaneously.
- Comfortable working efficiently under pressure, both independently and collaboratively, consistently delivering accurate results within tight deadlines.
- Excellent report writing skills with the ability to clearly communicate complex technical information to varied audiences.
- Strong influencing and relationship-building skills, facilitating effective collaboration across departments and regions.
- Energetic, determined, and adaptable, thriving in a fast-paced environment with a commitment to continuous learning and business understanding.
