VP, Chief Risk Officer - Corporate (Hybrid)

At TruStage, we’re on a mission to make a brighter financial future accessible to everyone.  We put people first, and work hand in hand with employees and customers to create a diverse and inclusive environment. Passionate about building insurance and financial services solutions, we push the boundaries of what’s possible. We need you to help us shape what’s next. You’ll be encouraged to share your experiences, ideas and skills to help others take control of their financial future.

Join a team that has received numerous awards for being a top place to work: TruStage awards and recognition

Job Purpose:

The Vice President, Chief Risk Officer (CRO) is responsible for leading the company’s Enterprise Risk Management (ERM) function and serving as the senior executive accountable for identifying, assessing, monitoring, and managing risks to the organization’s financial strength, solvency, and policyholder interests. Reporting to the Chief Financial Officer, the CRO leads the second line of defense and provides independent risk oversight and credible challenge to management decision‑making.

The CRO partners closely with Actuarial, Finance & Accounting, Legal & Compliance, Investments, IT/Cybersecurity, Operations, and Internal Audit to ensure a coordinated, risk‑based approach that meets regulatory and rating‑agency expectations while supporting strategic objectives.

Key Responsibilities

• Lead and maintain the company’s ERM framework, including risk governance, risk taxonomy, policies, and reporting aligned with a Three Lines Model.
• Establish and oversee the risk appetite statement, limits, and escalation protocols; monitor key risk indicators and emerging risk trends.
• Lead the company’s Own Risk and Solvency Assessment (ORSA), including stress testing and scenario analysis; prepare management and Board‑level ORSA reporting.
• Provide independent oversight and challenge related to capital adequacy, liquidity, ALM, reinsurance strategy, and Risk‑Based Capital (RBC) considerations.
• Oversee second‑line risk management for insurance risk (underwriting, pricing, reserving), investment and market risk, and operational, technology, cyber, and third‑party risk.
• Serve as a senior risk partner for regulatory examinations, insurance department interactions, and rating agency reviews.
• Produce clear, Board‑ready risk reporting and present regularly to executive management and Board committees as appropriate.
• Coordinate closely with Internal Audit and Compliance to align assurance activities while maintaining independence and clear role boundaries.
• Promote a strong risk culture emphasizing accountability, transparency, and policyholder stewardship.

Qualifications

• Bachelor’s degree in Actuarial Science, Finance, Accounting, Economics, or related field; advanced degree preferred.
• 12+ years of progressive experience in insurance risk management, actuarial, finance, or related disciplines, including senior leadership experience.
• Strong knowledge of NAIC regulatory frameworks, including ORSA and RBC, and experience interacting with regulators and rating agencies.
• Professional credentials such as FRM, CERA/ASA/FSA, CFA, CPA, or equivalent strongly preferred.

#LI-LT

If you’re ready to help make a difference, apply today.  A resume is required to apply. TruStage may process applicant information using an Artificial Intelligence (AI) tool.  This tool automatically generates a screening score based on how well applicant information matches the requirements and qualifications for the position. TruStage recruiters use the screening score as a guide to further evaluate candidates; the score is one component of an application review and does not automatically determine whether a candidate moves forward.  Candidates may choose to opt out of this process.

At TruStage, we believe a sound, inclusive benefits program is of vital importance, along with a flexible workplace that allows for work-life balance, career growth and retirement assistance. In addition to your base pay, your position may be eligible for an annual incentive (bonus) plan.  Additional benefits available to eligible employees include medical, dental, vision, employee assistance program, life insurance, disability plans, parental leave, paid time off, 401k, and tuition reimbursement, just to name a few. Beyond pay and benefits, we also recognize that flexibility, including working in a place you prefer, is essential to caring for our employees.  We will continue to strive to offer flexibility and invest in technology and other tools that will make hybrid working normal rather than an exception, so that when “life happens,” you can focus on what’s most important.

Accommodation request

TruStage is a place where everyone can bring their best self and thrive. If you need application or interview process accommodations, please contact the accessibility department.