Senior Risk Management Director

1 week ago


California, Missouri, United States Northwestern Mutual Investment Services, LLC Full time

Company Overview
At Northwestern Mutual Investment Services, LLC, we are committed to innovation and growth. We prioritize our employees and strive to make a positive impact in the community.

Position Summary
The Senior Risk Management Director is responsible for providing both strategic and operational oversight of the organization's property, casualty, and bond risk management initiatives. This role involves managing the Insurable Risk Management Division and ensuring the identification and mitigation of potential risks associated with the company's operations and subsidiaries.

Key Responsibilities
- Identify and assess risks of loss that may arise from the company's activities and develop strategies to minimize their financial implications.
- Serve as a liaison to legal counsel, insurance providers, and investigators regarding incidents that could lead to financial loss, while enhancing processes to prevent future occurrences.
- Oversee the placement and management of the company's property and casualty insurance program, which currently encompasses $48 million in premiums covering $9.9 billion in assets.
- Negotiate the Errors & Omissions Insurance program for over 10,500 Financial Representatives, with a premium of $13.6 million, alongside other essential coverages including Financial Institution Bond and Cyber insurance.

Accountabilities
- Manage the company's insurance broker relationships and claims processes to ensure seamless coordination across various business units.
- Provide leadership to the Insurable Risk Management team, overseeing claims and third-party claims handlers, including negotiations and settlements.
- Collaborate with legal and asset management teams on claims resolutions and assist Human Resources with Workers Compensation claims management.

Qualifications
- Bachelor's degree in risk management, insurance, or business is required; a Law Degree is preferred.
- A minimum of 10 years of risk management experience is essential, including at least three years in a managerial role within a large corporate environment.
- Strong advocacy for risk management, with demonstrated leadership capabilities and a comprehensive understanding of insurance markets and policy structures.

Skills
- Excellent analytical, communication, and negotiation skills are crucial.
- Proficiency in Microsoft Office Suite and familiarity with RMIS systems is preferred.
- A Chartered Property Casualty Underwriter (CPCU) designation is required, with a Master's degree in risk management or business and an ARM designation preferred.

Additional Information
- This role involves active participation in committees focused on risk management, safety, and quality improvement initiatives. The Senior Risk Management Director will also lead safety activities and foster collaboration across various departments to enhance contract language regarding insurance coverage.



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