MFS Investment Management · 10 hours ago
Enterprise Risk Officer - Operational Resilience & Corporate Insurance
Boston, MA
Full-time
Hybrid
Mid, Senior Level
$128K/yr - $192K/yrMFS Investment Management is dedicated to supporting employees in achieving better outcomes through collaboration and care. The Enterprise Risk Officer will lead the development of the enterprise risk framework, focusing on Global Enterprise Resilience and Corporate Insurance programs, ensuring they meet the firm's needs and regulatory requirements.
EducationHigher EducationVenture Capital
Responsibilities
Partners with the Sr. Manager – Vendor Management in the design and implementation of a global resilience framework, ensuring it meets business objectives, global standards and adapts to evolving regulatory requirements
Collaborates with senior business leaders across the organization to align resilience efforts
Continuously monitors the effectiveness of the operational resilience framework, adjusting based on emerging threats, business changes, and regulatory updates
Partners with the business continuity, IT, compliance, legal, and cybersecurity teams to ensure that all aspects of operational resilience are integrated and aligned with the overall corporate strategy
Stay abreast of developments in operational resilience, including new technologies, strategies, and global regulatory changes
Leads the global resilience testing program including the design, execution, and documentation of scenario tests to evaluate the effectiveness of existing operational resilience frameworks and identify areas for enhancement
Collaborates with various departments to create realistic and challenging scenarios that reflect potential operational disruptions, including technological or vendor failures, cyber-attacks, and natural disasters
Analyze the outcomes of scenario tests to assess the readiness of the organization to manage and recover from disruptive events effectively
Maintain a comprehensive database of testing scenarios, results, and follow-up actions to ensure accountability and continuous learning
Facilitates workshops and training sessions to enhance the organization’s understanding and execution of operational resilience practices
Manages MFS' insurance programs, including development, interpretation, administration, and maintaining related procedures
Conducts market research to stay informed; analyzes and suggests new insurance products and alternative risk financing programs; monitors trends and regulations
Works with MFS' insurance broker to set strategy and lead annual renewal discussions
Coordinates with ERM management and business teams to review underwriting needs and provide accurate information to brokers and carriers
Evaluates and recommends strategies to strengthen MFS's insurance risk profile through the development and adoption of updated policies, procedures, and operational practices, as well as enhancements to associated documentation
Identifies and implements improvements to facilitate the effective administration of all aspects of MFS's insurance programs
Serves as the primary contact for insurance matters, provides guidance across MFS, and manages all financial aspects of the insurance program
Collaborates with MFS' Legal Department with respect to insurance investigations, negotiations, settlement and recovery of claims
Qualification
Required
Bachelor's degree or equivalent work experience
Relevant work experience in risk (enterprise, operational, vendor or IT risk), investment management, financial services, or industry-related compliance
Demonstrated experience with global operational resilience regulations, e.g. DORA and UK Operational Resilience, and best practices
Possesses practical expertise in reviewing, evaluating, designing, and implementing corporate insurance programs, ensuring robust knowledge retention for ongoing professional development
Strong analytical skills, with a proven ability to work independently and synthesize complex information
Strong project management and organizational skills, including the ability to complete projects and reports within communicated deadlines
Excellent communication and interpersonal skills, capable of working with all levels of management and collaboratively across team and departmental boundaries
Some periodic travel, domestic and international, may be required
Preferred
In-depth knowledge and hands on experience using Archer GRC
Benefits
MFS contributes an amount equal to 15% of your base salary to your retirement account that is separate from the company -sponsored 401(k)
Education Assistance: MFS contributes $100 monthly up to $10,000 lifetime maximum directly to loan provider
Education Assistance: Tuition reimbursement up to $8,000 annually
Education Assistance: Access to discounted tutors and college coaches
Generous time off and fully paid leaves including 20-weeks for maternity, 12-weeks for parental and caregiver leaves
Choice of medical and dental plans and an and an employer contribution into the Health Savings Account
Tax deferred commuter benefits & flexible spending accounts (medical & dependent care)
Wellness Programs: Robust wellness webinars, employee assistance program with a focus on mental health, subsidized fitness benefit via Wellhub (formerly Gympass), where you can workout at gyms, studios and boutique fitness locations near you, join virtual personal training sessions and access a wide variety of well-being apps
Company
MFS Investment Management
Massachusetts Financial Services Company is a privately owned investment manager. The firm also provides retirement planning, college It is a sub-organization of Sun Life U.S..
Founded in 1924
1001-5000 employees
Funding
Current Stage
Late StageTotal Funding
unknown1982-01-01Acquired
Leadership Team
Barnaby Weiner
Head of Sustainability and Stewardship
Recent News
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