Boston Medical Center (BMC) · 2 weeks ago
Vice President, Financial Risk Management
Boston, MA
Full-time
Onsite
Director/Executive
$258K/yr - $374K/yr
15+ years expBoston Medical Center Health System (BMCHS) is a ~$6 billion integrated academic health care system whose purpose is to transform the outcomes of low(er) income and vulnerable populations. The Vice President of Financial Risk Management will provide strategic direction and oversight for BMCHS’s treasury operations and enterprise risk management, playing a critical role in managing the system’s capital structure and financial health.
Health CareHospitalMedicalNon Profit
Responsibilities
Lead the development and execution of BMCHS’s capital and debt strategies in alignment with organizational goals
Oversee cash management, investment policies, and short- and long-term liquidity planning
Manage banking relationships, investment consultants, and debt issuance, refinancing, and compliance
Evaluate financial market conditions to optimize capital structure and access to capital
Provide regular reporting and recommendations to the CFO and executive leadership regarding the organization’s balance sheet, financial risk exposures, and liquidity
Provide strategic oversight of BMCHS’s investment portfolios, including operating funds, endowments, and retirement plan assets
Serve as the primary liaison to external investment vendors; oversee performance, fees, and compliance with investment policy
Prepare and present investment performance updates and strategy recommendations to the Board
Regularly review and update investment policies to reflect evolving market conditions, organizational priorities, and fiduciary responsibilities
Lead internal investment governance process and ensure adherence to risk, liquidity, and allocation targets
Develop, lead, and mature an enterprise-wide risk management framework and risk governance model
Identify, assess, and monitor key financial, operational, and strategic risks across the organization
Partner with leaders across the health system to develop and implement risk mitigation strategies
Serve as the executive lead on risk-related committees, providing strategic insights and recommendations to senior leadership and the Board
Own the ‘cost of risk’ for the enterprise, manage insurance portfolio and work with third parties to frame choices/trade-offs/costs of insurable risks
Own and manage the financial management of the captive insurance entity ($140M of assets and $25 of annual insurance costs management vis a vis claims)
Supervises direct reports, including performance management and talent development
Foster a culture of accountability, continuous improvement, and collaboration
Serve as a strategic advisor to the CFO and other members of the executive leadership team
Partner with legal, compliance, operations, and clinical teams to support enterprise objectives
Qualification
Required
Bachelor's degree in Finance, Accounting, Business Administration, or related field required
Minimum of 15 years of progressive leadership experience in treasury, risk management, or related financial disciplines, ideally within a complex healthcare or not-for-profit environment
Strong understanding of capital markets, financial risk modeling and investment management
Proven ability to lead cross-functional teams, build consensus, and drive strategic initiatives in complex organizations
Excellent communication, negotiation, and relationship management skills
Deep understanding of healthcare regulatory environment and risk management best practices
Demonstrated ability to engage with Boards and executive teams on high-level strategic initiatives
Strong analytical and critical thinking skills with a systems-level perspective
Preferred
MBA preferred
CPA or CFA preferred
Benefits
Medical
Dental
Vision
Pharmacy
Discretionary annual bonuses
Merit increases
Flexible Spending Accounts
403(b) savings matches
Paid time off
Career advancement opportunities
Resources to support employee and family well-being
Company
Boston Medical Center (BMC)
Boston Medical Center (BMC) is a 511-bed, equity-led academic medical center and a proud member of the Boston Medical Center Health System.
5001-10000 employees
H1B Sponsorship
Boston Medical Center (BMC) has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (53)
2024 (51)
2023 (51)
2022 (38)
2021 (26)
2020 (32)
Funding
Current Stage
Late StageTotal Funding
$342.49MKey Investors
AmeriCorps Public AlliesNational Institute on Drug Abuse (NIDA)The Boston Foundation
2024-07-09Grant· $0.06M
2023-02-23Debt Financing· $232M
2019-04-23Grant· $89M
Leadership Team
David Beck
Senior Vice President & Chief Legal Counsel
Recent News
2025-11-11
2025-11-10
Company data provided by crunchbase