Director of Risk Management at Advance Auto Parts

Raleigh, North Carolina, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Automotive RetailIndustries

Requirements

Bachelor’s degree in Risk Management, Finance, Business Administration, Actuarial Science, or a related field
10+ years of experience in risk management with a proven track record of developing and implementing risk management strategies
Proven experience in a similar role, preferably managing a claims department with high volumes of claims activity
Excellent leadership and interpersonal skills to manage a risk management team and foster a culture of risk awareness throughout the organization
Excellent knowledge of risk management principles and practices
Experience in the development and management of enterprise risk management frameworks aligned with legal/regulatory requirements and insurance industry best practices
Demonstrated experience of proactive mindset and initiative-taking in identifying and mitigating risks
Strong analytical skills to forecast and identify potential risks
Familiarity with risk management information systems (RMIS), data visualization or analytics tools and insurance claims systems or software
Self-motivated and action-oriented, with a strong sense of ownership and the ability to drive initiatives forward with limited supervision
Ability to make sound decisions under pressure
Strong team management abilities with experience developing talent
Solid communication skills and C-suite comportment
Certified Risk Management Professional (CRMP) is a plus
Advanced degree preferred

Responsibilities

Identify and evaluate potential risks that may hinder the reputation, safety, security and financial prosperity of the Company
Develop and implement risk management frameworks, policies and protocols
Coordinate with different department leads to create business insights and risk mitigation plans
Manage relationships with insurance brokers and third-party administrators to provide cost-effective solutions for the Company
Liaise with external auditors, regulators and insurers
Oversee actuarial analyses and reports, risk modeling and forecasting, and review loss reserves
Drive business outcomes aimed at minimizing total Cost of Risk
Conduct regular assessments and audits to identify risks and ensure risk management procedures are being adhered to
Compile, analyze and prepare risk assessment and trend analysis reports and present them to senior management
Direct insurance programs, purchase insurance and negotiate/manage policy renewals and claims
Ensure compliance with applicable laws, regulations and industry standards
Advise business units on risk-related decisions and on contractual language related to risk management
Communicate emerging risks and recommend proactive measures
Oversee the management and operations of a captive insurance company
Lead a team of nine risk professionals through coaching and development

Skills

Key technologies and capabilities for this role

Risk AssessmentRisk MitigationRisk Management FrameworksInsurance ManagementActuarial AnalysisLoss ReservesRegulatory ComplianceTrend AnalysisAuditingPolicy NegotiationRisk ModelingCost of Risk