This position is responsible for leading and enhancing the University's comprehensive risk management framework, integrating strategic initiatives across the institution. This role will lead the Office of Risk Management, ensuring robust risk mitigation strategies, regulatory compliance, and the effective implementation of the Enterprise Risk Management (ERM) program. Collaborate with senior leadership to align risk management practices with the University's strategic objectives and fosters a proactive risk-aware culture.
Provide strategic direction and leadership for all risk management activities, including ERM, insurance programs, and regulatory compliance, across all university locations.
Oversee and continuously improve the University's ERM program, identifying and addressing strategic, operational, financial, and reputational risks. Develop and implement best practices for risk assessment and mitigation.
Ensure compliance with all relevant laws and regulations, including OSHA, EPA, and AQMD. Stay updated on regulatory changes and implement necessary adjustments to policies and procedures.
Lead efforts to identify, assess, and mitigate risks across the University. Develop and implement risk management policies and procedures, ensuring consistency and efficiency.
Oversee the University's insurance programs, including property, liability, and automobile coverage. Collaborate with the insurance consortium and manage relationships with insurance providers.
Review and approve contracts, assist with license agreements, and oversee legal risk management. Liaise with University counsel on legal matters, providing recommendations for settlements and risk mitigation.
Utilize and advocate for technology solutions to streamline risk management processes and enhance efficiency.
Chair the University Enterprise Risk Management Advisory Committee (ERMAC) and actively participate in other University committees as required.
Lead and mentor the Risk Management office staff, including professional development, performance management, and adherence to the University's commitment to diversity and equal opportunity.
Support the Vice President for Financial Planning & Analysis in strategic planning and decision-making processes. Provide data, reports, and recommendations on risk management issues.
Promote a culture of service excellence, encouraging staff to continually improve administrative operations to ensure efficiency, responsiveness, and quality service delivery.
Undertake special projects and assignments as directed by the Vice President for Financial Planning & Analysis.
Perform other duties as assigned or requested.
Loyola Marymount University Expectations Exhibit behavior that supports the mission, vision, and values of the University. Communicate and employ interpersonal actions that model high standards of professional, responsible, accountable, and ethical conduct. Demonstrate a commitment to outstanding customer service.
Requisite Qualifications Typically, a bachelor's degree in business, risk management, or a related field; MBA or advanced degree preferred. Incumbent will be expected to continue upgrading knowledge, skills, and abilities needed to keep abreast of regulation/policy changes.
Minimum of 7 years of risk management experience in progressively responsible roles, with expertise in Enterprise Risk Management. Proven experience in developing and implementing risk management strategies and procedures.
Professional certification in risk management (e.g. CRM, ARM) is a plus.
Experience with higher education administration and risk management technology.
Proven leadership skills, with the ability to manage complex issues, motivate and develop staff, and design and oversee efficient business processes.
Excellent analytical and problem-solving skills.
Excellent communication skills, with a background in preparing comprehensive reports and executive summaries.
Strong organizational and leadership abilities, with demonstrated computer competency and knowledge of business information systems.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of this position.
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