Job Description Summary
The Director of Strategic Risk Management is responsible for setting the strategic risk management vision and is charged with delivering that strategy throughout the enterprise. This individual is responsible for developing, managing, and directing an enterprise-wide strategic risk assessment and management function by identifying and evaluating potential risk exposure and minimizing adverse consequences through a systematic, organization-wide risk assessment and mitigation process. The Director will collaborate with a diverse group of contacts, both inside and outside of the organization, for the purpose of developing, implementing, and maintaining the strategic risk management process.
Entity
Medical University Hospital Authority (MUHA)
Worker Type
Employee
Worker Sub-Type
Classified
Cost Center
CC002328 SYS - Legal Affairs
Pay Rate Type
Salary
Pay Grade
Health-32
Scheduled Weekly Hours
40
Work Shift
Job Description
Job Responsibilities
- (15%) Generates and maintains appropriate documentation of the Enterprise Risk Management (ERM) process, including a comprehensive risk register, procedures that detail the systematic ERM process (including common risk language), and the results of ongoing monitoring. Identifies and implements an application that can be utilized by Risk Owners and Strategic Risk Workgroup members to electronically track risk documents.
- (35%) Oversees the continued development and maturation of MUSC’s ERM program. Efficiently chairs the Strategic Risk Workgroup and supports it in its mission to identify, evaluate and monitor enterprise-level risks. Utilizing data analytics, monitors identified risk metrics to ensure they are appropriate indicators of risk mitigation. Monitors both internal and external sources for new and emerging risks. Communicates the results of ERM activities to the General Counsel, EVP of Finance and Operations and the Board of Trustees Audit, Compliance, and Risk Committee on an ongoing basis.
- (15%) Works with Risk Owners to ensure they receive education and support in their risk mitigation planning and reporting.
- (10%) Proactively participates in both internal and external initiatives that serve to identify and/or mitigate high-level risks and/or risk events. Coordinates with departments such as Information Security, Clinical Quality, Internal Audit, Legal, Government Relations, Insurance Services, and Compliance to identify Key Risk Indicators. Maintains certification in Risk Management Assurance.
- (15%) Promotes and participates in college and department-level ERM initiatives, as necessary. Raises awareness of risk in all areas of the enterprise, resulting in the ERM processes being adopted not only at the college/department level, but at the project/initiative level. Acts as a facilitator and coach in promoting ERM best practices throughout the enterprise. Promotes and participates in strategic initiatives that require individualized risk management resources (e.g., major system implementations, program-specific gap analyses, etc.).(5%) Successfully completes other duties as assigned.
- (5%) Successfully integrates ERM into MUSC’s strategic planning initiatives. Works with strategic planning professionals to more holistically identify areas and activities where risk and strategy can be meaningfully connected.
Additional Job Description
Education: Bachelor's Degree or Equivalent Work Experience: 9 years progressive work experience and 4 years management experience
If you like working with energetic enthusiastic individuals, you will enjoy your career with us!
The Medical University of South Carolina is an Equal Opportunity Employer. MUSC does not discriminate on the basis of race, color, religion or belief, age, sex, national origin, gender identity, sexual orientation, disability, protected veteran status, family or parental status, or any other status protected by state laws and/or federal regulations. All qualified applicants are encouraged to apply and will receive consideration for employment based upon applicable qualifications, merit and business need.
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