Allstate · 6 days ago

Operational Risk Manager

Illinois, United States

Full-time

Remote

Senior Level

$93K/yr - $166K/yr

7+ years exp

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Responsibilities

Build and maintain strong working relationship with 1st Line leadership, including support areas (Allstate key functions such as Product, Operations, Service Delivery, Claims and Allstate subsidiaries including National General Insurance company)

Educate and empower 1st Line to drive risk and return and increase 1st Line accountability

Develop a holistic view of risk and return, apprised of business strategies, results and challenges. Considered an extension of 1st Line leadership teams and advise ERRM leaders on risk profile of relevant areas/initiatives

Serve as a trusted risk advisor, respond to 1st Line risk and return needs. Support with consistent application of the risk frameworks and facilitate risk and return decisions and risk-based prioritization

Add value to the 1st Line and CRO by proactively delivering a consistent and holistic view of risk and return

Lead risk and return reviews in targeted areas of risk and provide risk consulting on complex or cross functional topics

Reviews, researches, interprets, and analyzes risk data to identify trends, emerging risks, and issues.

Integrates information and data to form hypotheses and assumptions of future impact.

Responsible for effective independent challenge of first line risk management activities.

Accountable to escalate and report significant issues.

Influences the appropriate management of risk, including: monitoring, reporting, and an escalation structure to optimize risk and return.

Communicates to leadership, this includes preparing information to the Operational Risk and Return Council and Enterprise Risk and Return Council.

Contributes to or leads strategy initiatives for the enterprise risk and return management program.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

Risk ManagementOperational RiskRisk FrameworkRelationship ManagementProgram ManagementRisk Control AnalysisRisk CertificationsCustomer CentricityDigital LiteracyEmerging RisksInclusive LeadershipMitigated Risks

Required

Strong understanding of risk and governance, including experience in risk control design and effectiveness reviews

Qualitative and quantitative risk and control analysis

Experience in one or more key operational risk categories (model risk management, AI, business continuity, vendor, data governance, privacy, technology, cyber, fraud), internal audit, or other operational risk area within Allstate

Highly developed relationship management, influencing and leadership skills

Program/project management

Strong organizational, verbal, and written communication skills

Ability to lead and influence across multiple levels