Global Risk Executive Director for ERM - The Boston Consulting Group
Boston, MA
About the Job
The Head of BCG’s Enterprise Risk Management reports directly to the Chief Risk Officer for BCG and is responsible for overseeing the development, implementation and management of the global enterprise-wide methodologies and frameworks that identify, evaluate, and report BCG's external and internal risks, primarily using the Enterprise Risk Register process and system.
The role will have responsibility for the second line of defence function that oversees and guides the quality and effectiveness of enterprise risk management practices across the Company. As a risk leader and subject matter expert, the Head of ERM will be responsible for collaborating with key stakeholders across the Global Functions, and businesses units in order to identify key risks and evaluate the control environment of BCG, highlighting priorities to strengthen our overall risk management model at BCG.
You will perform The Chief of Staff role for the firm’s Audit and Risk Committee Chair, setting the agenda and priorities for the committee, and advising the committee chair to ensure effective oversight of our risk landscape and risk management model. You will also serve as delegate to the CRO on important strategic projects, able to step in to situations with firm leadership to work issues to resolution, representing the Risk function and expertise in ERM and across the team.
You will drive both continuous improvement in existing practices of risk management as well as initiating transformational efforts to strengthen BCG’s risk management capabilities. You will drive from strategy, through operational design, and organizational change management.
The role will have responsibility for the second line of defence function that oversees and guides the quality and effectiveness of enterprise risk management practices across the Company. As a risk leader and subject matter expert, the Head of ERM will be responsible for collaborating with key stakeholders across the Global Functions, and businesses units in order to identify key risks and evaluate the control environment of BCG, highlighting priorities to strengthen our overall risk management model at BCG.
You will perform The Chief of Staff role for the firm’s Audit and Risk Committee Chair, setting the agenda and priorities for the committee, and advising the committee chair to ensure effective oversight of our risk landscape and risk management model. You will also serve as delegate to the CRO on important strategic projects, able to step in to situations with firm leadership to work issues to resolution, representing the Risk function and expertise in ERM and across the team.
You will drive both continuous improvement in existing practices of risk management as well as initiating transformational efforts to strengthen BCG’s risk management capabilities. You will drive from strategy, through operational design, and organizational change management.
- Setting strategic direction of the Enterprise Risk Management program with core objective of driving a data-driven assessment of BCG’s risk landscape, highlighting strengths/gaps/priorities for BCG’s risks management program, fostering a risk-aware culture with prioritization of the top risks all front line employees must understand and manage, and proposing enterprise level risk strategies and policies
- Providing frameworks and structure to support management’s decisions, business processes, and activities to understand and strengthen overall risk practices and programs
- Collaborating with business units (incl. Practice Areas and specialty businesses) and functional leaders in Legal, Finance, Operations, Human Resources, and Information Security to develop, scenario assess, communicate, and maintain corporate policies and programs directed at identification and mitigation of risk
- Monitoring changes in Business unit risk profiles via GRC Platform to provide effective support to key stakeholder’s remediation plans
- Regularly presenting, with credibility and presence, to the firm’s Leadership
- Evaluating and articulating the firm’s evolving risk posture in clear and concise terms to Senior Leadership
- Managing and enhancing the data, processes, tools, and systems used to identify, assess, measure, manage, monitor, and report risks
- Monitoring areas where risk is identified and working with all stakeholders to mitigate risk
- Partnering with the Risk Product Portfolio team to improve risk-monitoring tools and processes, workforce enabling tools, with a strong focus on awareness and workflow support
- Staying up to date on trends that affect our industry; performing risk analyses and providing early warnings to the firm’s Leadership
- Refining risk-based measurement and reporting metrics and communicating vulnerability findings
- Manages relationships with external service providers (e.g., Eurasia Group, Software providers, Auditors , ARC Senior Advisor)
- Leading, managing, and developing the Enterprise Risk Management team
- Serve on various Steering Committees or business unit committees (global and regional levels) and ensure that relevant risk-related management information is considered and incorporated into outcomes
- Collaborating day-to-day on Risk governance practices across the Risk Function to further enhance the connectivity of ERM processes
- Developing and managing the planning and budgets (people, infrastructure, consulting) as assigned by the Chief Risk Officer
- The ability to build credible and influential stakeholder relationships that enable delivery of an effective Risk management strategy
- Strong collaboration skills, be quick to react and execute in a fast-paced environment.
Source : The Boston Consulting Group