The Compensation Range is the span between the minimum and maximum base salary for a position. The midpoint of the range is approximately halfway between the minimum and the maximum and represents an employee that possesses full job knowledge, qualifications and experience for the position. In the normal course, employees will be hired, transferred or promoted between the minimum and midpoint of the salary range for a job.
Note: Applications will be accepted until 11:59 PM on the Posting End Date.
Job End Date
OngoingAt UBC, we believe that attracting and sustaining a diverse workforce is key to the successful pursuit of excellence in research, innovation, and learning for all faculty, staff and students. Our commitment to employment equity helps achieve inclusion and fairness, brings rich diversity to UBC as a workplace, and creates the necessary conditions for a rewarding career.
Job Summary
The Director, Enterprise Risk Management works closely with the Chief Enterprise Risk & Assurance Officer and the Director, Internal Assurance in the Office of Enterprise Risk and Assurance (ERA) to build a best in class integrated enterprise risk and internal assurance function. The role will contribute to setting the strategic direction of the integrated unit and will oversee the delivery of the enterprise risk management (ERM) program. The Director, ERM is part of the ERA core leadership team responsible for developing and executing the ERM vision and strategy in alignment with ERA’s overall vision and strategy, advancing the ERM Program to desired state, and leading the continued maturity and delivery of the ERM Program across the University. The Director is also responsible for periodic ERM reporting to Senior and Executive Leadership, and the Audit Committee of the Board. This position plays a critical role in identifying, evaluating, and mitigating internal and external risks that could impact UBC’s strategic objectives and priorities. The Director partners with senior leaders to embed risk management into decision-making processes.
Organizational Status
This position reports to the Chief Enterprise Risk and Assurance Officer. The Director will lead a small team of risk professionals and may manage other department staff as required. This role will work closely with the Director, Internal Assurance to ensure maximum value is obtained from aligning and integrating the enterprise risk and internal assurance teams while maintaining the appropriate level of independence. The Director works closely with ERA’s core leadership team and other team members within ERA to act as trusted advisors and strategic partners in strengthening UBC’s governance, risk management and control practices. The Director, Enterprise Risk Management will also collaborate with other risk, compliance, and assurance functions across the University to align methodologies and leverage efforts.
Work Performed
Develops and implements the enterprise risk management vision and strategy in alignment with ERA’s overall vision and strategy.
Provides direction and oversees the design and implementation of the organization’s enterprise risk management framework, including program delivery and ongoing program maturity.
Ensures enterprise risk management is effectively integrated with the UBC Strategic Plan, including related strategic priorities, and provides maximum value to all UBC stakeholders.
In collaboration with the Director, Internal Assurance, works to ensure the framework and supporting risk capabilities provide reliable information on top institutional risks (which include strategic, compliance, financial, and operational) so that these can be a primary driver in defining internal assurance priorities.
Develops and leads a collaborative, effective and capable team in a distributed environment with the expertise to ensure leading practices and subject matter knowledge that accommodate the University s key risks.
Remains current with the evolving discipline of enterprise risk management, particularly in relation to emerging risk trends, the integration of risk with organizational strategy, risk appetite frameworks, and key performance and risk indicators.
Ensures all enterprise risk management services are best in class and are delivered in a timely manner through the appropriate balance of levels of staff, internal expertise and external providers.
Creates and implements a continual improvement and quality assurance program for the Enterprise Risk Management function; implements a robust set of processes and metrics to provide ongoing assurance that the enterprise risk management team, framework and capabilities continue to add significant value to UBC and its stakeholders (including the Audit Committee, Executive Team, Deans, and administrative unit leaders).
Develops and implements a robust enterprise risk management training strategy to enhance the level risk awareness across the University and build a risk-informed continuous improvement culture.
Builds strong strategic relationships with University leaders and provides proactive value add risk services in a collaborative manner. This includes working with University’s Executive Team and support areas as required, to resolve any enterprise risk management issues and ensure their risk management needs are met.
Provides direction and oversees the delivery of risk assessment projects (including large, complex, institution-wide reviews) and risk reports that are delivered to organizational leaders to support strategic and operational decision-making.
Provides proactive and expert strategic-level risk advisory services around significant transformation and change initiatives and programs.
Represents Enterprise Risk Management on strategic campus-wide committees.
Directs and oversees the building of capacity in faculties and departments to enhance risk management capabilities at all levels across the University.
Responsible for the timely delivery of enterprise risk management materials and reports for Senior and Executive Leadership and the Audit Committee of the Board.
Attends Audit Committee and Executive Team meetings with the Chief Enterprise Risk and Assurance Officer as necessary.
Meets all requirements of relevant professional associations to maintain accreditation standing.
Acts in accordance with professional standards.
Performs other related duties as required.
Consequences of Error / Judgement
ERA provides information directly to senior management and the Board. Failure to exercise judgment in dealing with sensitive and confidential matters could negatively impact the reputation of a department and the University. Excellent judgment must be exercised. Lack of good judgment, errors or incorrect work could result in the failure to detect or prevent University risks. Consequences could include:
Inadequate or inappropriate risk management
Mismanagement or misappropriation of university resources
Non-compliance with university policies or statutory obligations
Inaccuracies in university reports
Inaccurate information to senior management or the Board resulting in errors in management decisions
Legal and labor relations implications.
This position has the opportunity to have a strong influence on the implementation of the UBC Strategic Plan and the core operations of the University.
Supervision Received
Reports to the Chief Enterprise Risk and Assurance Officer.
Supervision Given
Leads a small team of risk professionals, providing leadership, supervision and mentorship to inspire and motivate. May manage other department staff as required.
Minimum Qualifications (as per job standard)
Undergraduate degree in a relevant discipline, such as business administration, finance, accounting or a related field.
Relevant professional designation in risk management (e.g., CRM, CRMA, CRISC).
A minimum of ten years of enterprise risk management experience, or the equivalent combination of education and experience.
Willingness to respect diverse perspectives, including perspectives in conflict with one’s own.
Demonstrates a commitment to enhancing one’s own awareness, knowledge, and skills related to equity, diversity, and inclusion
Preferred Qualifications
Graduate degree or additional certifications (e.g., MP, CIA, CPA)
15+ years of ERM experience in areas such as academic, financial, reputational, operational, natural hazards, and strategic risk; or the equivalent combination of education and experience
Ten years of experience at a senior level with risk management responsibilities in an organization with the scale and complexity, range of stakeholders, and a complex governance structure that parallels UBC.
Previous experience leading an enterprise risk management function and working in an integrated risk and audit/assurance environment; internal assurance experience is an asset.
Demonstrated ability to successfully lead, inspire, and mentor diverse high-performing teams towards strategic goals of the ERA leadership team that ultimately support the achievement of the organization's vision.
Extensive knowledge of leading-edge enterprise risk management practices and globally accepted frameworks and methodologies. (e.g., ISO 31000, COSO).
Ability to assist the Chief Enterprise Risk and Assurance Officer with establishing a strategic direction and subsequently outlining initiatives and develop priorities in support of that vision.
Significant experience working in a dynamic, project-based environment with emphasis on timelines, and value realization.
Experience developing, communicating, executing, and sustaining strategic initiatives.
Ability to work effectively in the context of the culture and traditions of a large, complex organization, and is able to engender the confidence and respect of faculty, staff and students.
Proven ability to successfully contribute to complex projects and teams across a variety of different business areas.
Ability to develop effective and collaborative relationships with organizational leaders, the Executive Team, and the Audit Committee that demonstrate professionalism and independence.
Ability to deal with sensitive and confidential issues using well developed discretion and judgement.
Ability to maintain absolute confidentiality of information and communicate only appropriate information to individuals at the appropriate time.
Strategic thinking and problem solving, and ability to see the big picture.
Progressive, forward-looking, risk-based approach with a willingness to fully embrace leading practices.
Ability to prioritize and react appropriately based on risk and value.
Innovative, dynamic, and adaptive.
Courageous and direct.
Strong planning and organizational skills.
Strong verbal and written communication skills.
Equity and diversity are essential to academic excellence. An open and diverse community fosters the inclusion of voices that have been underrepresented or discouraged. We encourage applications from members of groups that have been marginalized on any grounds enumerated under the B.C. Human Rights Code, including sex, sexual orientation, gender identity or expression, racialization, disability, political belief, religion, marital or family status, age, and/or status as a First Nation, Metis, Inuit, or Indigenous person.