Job Overview
The Director of Enterprise Risk Management is responsible for directing the VCU Health System Enterprise Risk Management (ERM) Program, including the design, implementation and oversight of the organization's enterprise risk management framework. The role will support the identification, evaluation, prioritization, management/mitigation, and monitoring of risks affecting the organization while ensuring the organization operates within legal and ethical boundaries.
Essential Job Statements
- Leads the development and documentation of the ERM Program, including enterprise risk framework and enterprise risk appetite/framework/tolerance in collaboration with Senior Leadership. Fosters and builds a risk‑intelligent culture.
- Manages the enterprise‑wide risk assessment process, including maintaining the organization's risk inventory through collaboration with leaders of each domain to develop risk mitigation strategies. Promotes effective and ongoing communication and sharing of information to elevate risk concerns.
- Develops and evaluates the Health System’s approach to risk identification, management, monitoring and communication. Facilitates risk identification, develops reports, and monitors ERM issues.
- Engages leaders and colleagues in the practice of identifying, managing, monitoring and communicating risk across various departments and functions within the Health System, including clinical, financial, operational and strategic risk.
- Monitors the effectiveness of enterprise risk management strategies, tracking key risk indicators, and reporting on risk‑related issues to senior management and the board.
- Develops ERM tools, practices and policies to report and analyze enterprise risk management and to facilitate the management of risk according to the Health System’s ERM framework.
- Develops ERM policies and strategies based on best practices, including consideration of current developments that could impact the organization’s profile, the regulatory environment, rating agency standards, and strategic initiatives of the Health System.
- Develops and manages ERM training and education for staff based on ERM principles and practices, promoting a consistent approach to risk management throughout the Health System.
- Uses analytics and monitors internal/external environment for relevant information to facilitate risk identification and implementation of mitigation plans.
- Understands best practices in ERM and operational risk, remains aware of current developments that could impact the organization’s profile and maintains communication with senior leadership to ensure appropriate mitigation plans are implemented.
- Develops and implements enterprise risk management practices, including policy development, methodology for measuring model risk and criticality, process improvement, data standards, and documentation requirements.
- Performs other duties as assigned and/or participates in special projects to support the mission of VCUHS. Accepts alternate assignments, as required to fulfill business needs.
Employment Qualifications
- Required Education: Baccalaureate Degree in Healthcare Administration, Health Law, Public Health, or Business Administration from an accredited program.
- Preferred Education: Master’s Degree in Healthcare, Administration, Health Law, Public Health, or Business Administration from an accredited program.
Licensing and Certification
- Licensure/Certification Required: None.
- Licensure/Certification Preferred: Certified Professional in Healthcare Risk Management (CPHRM).
Minimum Qualifications
- 7 years of Enterprise Risk Management experience, including 3 years of Management experience. Experience in a complex healthcare environment and organizational operations.
- Experience in Corporate/Risk Governance, Risk Management, Regulatory Management, Legal, or related areas.
- Experience with ERM principles and methodologies.
- Experience developing and implementing enterprise risk management framework and strategies.
- Experience with statistics, data collection, analysis, and data presentation.
Key Skills and Abilities
- Excellent analytical skills with ability to interpret complex data and trends and present findings to executive team.
- Proficient in risk management tools and software.
- Strong communication skills to present risk information to executive leadership and board members.
- Ability to work cross‑functionally with various departments.
- Leadership and development capabilities.
- Strong critical thinking and strategic analysis of data; aggregation of risk across the health system into enterprise risk.
- Decision‑making, adaptability, and resilience.
- Strong project management skills and ability to establish project goals, schedules, deliverables and manage complex projects.
Preferred Experience
- Experience in transformation and change leadership.
- Experience in an academic medical center environment.
- Experience leading process improvement initiatives as well as teaching and coaching new leaders.
Working Conditions
- Periods of high stress and fluctuating workloads may occur.
- General office environment.
Physical Requirements
- Lifting/Carrying (0‑50 lbs).
- Work Position: Sitting, walking, standing.
Mental, Sensory and Emotional Requirements
- Strong recall, reasoning, problem solving, hearing, speak clearly, write legibly, reading, logical thinking.
- Fast‑pace environment, ability to handle multiple priorities, adaptation to frequent change.
EEO Employer/Disabled/Protected Veteran/41 CFR 60‑1.4.
#J-18808-Ljbffr