Director, Insurance Risk

2 weeks ago

Boston, United States Fidelity TalentSource LLC Full time



Job Description:

Based within the Treasury Risk and Insurance team in Corporate Treasury, this role serves as a resource for top management and the entire organization regarding insurance and provides direction concerning risk management and available transfer solutions.

The main functions of this role include structuring and implementing sound insurance protection to cover operational and business risks. This involves the identification, evaluation, recommendation, and implementation of proper risk control techniques to finance those risks as well as methods to mitigate possible losses. To successfully complete these responsibilities, the ideal candidate will be capable of supporting multiple projects across varying areas of focus. They will be able to effectively contribute to sophisticated analysis, can multi-task, and be a great teammate who thrives in a small, impactful work environment.

The Value You Deliver

  • Conducting the identification and quantification of the risk of loss.
  • Implementing and leading complex insurance placement(s) and reporting results to senior business unit management.
  • Coordinating task responsibility with other departments to ensure timely, accurate information flow for underwriting.
  • Reviewing third party contracts to ensure the company s interests and exposures have been considered and effectively avoided, controlled or financed.
  • Handling insurable claims.
  • Validating adherence to regulatory insurance requirements.
  • Delivering multiple work streams simultaneously.
  • May be supervising department personnel.

The Expertise and Skills You Bring

Bachelor s degree required with 8+ year(s) in insurance and risk management. Work experience in financial institutions is a plus.

Ability to apply risk and insurance related strategies including contractual review, identification of insurance related solutions, detection of gaps in coverage, compliance with regulatory requirements, recommending improvements and evaluating effectiveness of current and future insurance programs.

Knowledge and experience with\u00A0leading sophisticated insurance programs.

Effective in participating in a variety of different projects and collaborating with varying team members.

Strong prioritization skills in dealing with ambitious demands.

Strong analytical reasoning skills and ability to synthesize information to enable strategic decision-making.

Proven written and oral communication skills can articulate clearly with all levels of employees.

Keen attention to detail combined with the ability to summarize findings in an organized, professional manner.

Strong organizational navigator who collaborates effectively.

The Team

The Treasury Risk and Insurance team is accountable for setting corporate insurance strategy and managing all aspects of the Fidelity s global corporate insurance needs. The Treasury Risk and Insurance is comprised of highly qualified individuals with Professional Liability, Management Liability, Cyber Liability, Property and Casualty backgrounds. This cohesive team works closely together to cross-train and provide support on all insurance coverages.

  • Leads all aspects of delivery and administration of Fidelity s insurance programs.
  • Identifies, measures, and addresses risks with potential for financial impact on company operations.
  • Engages with internal and external experts to establish industry best practices.




Certifications:

Company Overview

Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients money.

Join Us

At Fidelity, you ll find endless opportunities to build a meaningful career that positively impacts peoples lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don t need a finance background to succeed at Fidelity\u2014we offer a range of opportunities for learning so you can build the career you ve always imagined.

Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).

At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.

We invite you to Find Your Fidelity at fidelitycareers.com.

Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.

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