Executive Director, Compliance And Risk Management

Position Summary

The Executive Director of Compliance and Risk Management is responsible for providing strategic leadership and collaborative oversight and coordination of a comprehensive program for risk identification, assessment, control, mitigation, and avoidance. The individual in this position plans, provides strategic oversight, and manages a compliance program that promotes a culture of compliance and high standard of ethical behavior and integrity. Additionally, the individual in this position makes recommendations regarding trends in risk management, safety, loss control, and claims management and assists with the review of innovative programs to identify potential exposures and analyzes loss faced by departmental activities. The Executive Director reports to the Vice President of Policy and General Counsel and will partner with the Vice President to develop the Compliance, Risk Management office and its programs.

Reports to:Vice President of Policy and General Counsel

Specific Duties and Responsibilities

Compliance and Risk Management:

• Develop the College Compliance Program to meet the elements of an effective compliance program under the U.S. Federal Sentencing Guidelines.

• Plan the strategic direction and manage the compliance program. Monitor the performance of the compliance program and related activities on a continuing basis, taking the appropriate steps to improve effectiveness.

• Identify and assist others in identifying areas of compliance vulnerability and risk; escalate information to appropriate parties including the President, Vice Presidents, and Board committees. Collaborate with College departments to address and resolve compliance issues.

• Maintain inventory of compliance requirements, designated compliance risk owners and senior management accountable to day-to-day operational risk management and compliance.

• Institute and maintain an effective compliance communication program, including promoting the understanding of new and existing compliance issues and related policies and procedures. Communicate the function, scope, and responsibilities of Risk Management and Compliance Office relative to the accountability of specific departments to compliance issues.

• Develop and manage a comprehensive enterprise-wide risk management program.

• Responsible for guiding divisions and departments in developing goals and strategies for management of risks. Coordinate monitoring of ongoing risk management programs and policies. Consults with the Vice President of Policy and General Counsel concerning strategies for the management of specific risk, litigation, compliance or claim related issues.

• Assists the Vice President of Policy and General Counsel in overseeing the development, maintenance, and revision of college policies and procedures contained in several manuals. Works closely with various college stakeholders, including vice presidents, administrators, faculty and staff governance bodies, and other key policy owners in developing or revising a comprehensive set of policies and procedures to assure compliance with federal and state laws and regulations and best practices in higher education institutions.

• Provide updates on a periodic basis, and as directed or requested, to the President, College compliance and risk coordinating committees, senior management, and Board of Trustees to inform of the status and progress of compliance and ERM efforts. Inform the President and General Counsel of known risks that arise from an impending lack of compliance.

• Partner with the Division of People, Culture and Equity and others as appropriate to provide quality training programs to ensure that members of the college community understand their compliance responsibilities and relevant policies and procedures.

• Assist in monitoring and coordinating compliance and risk activities of departments to assure college-wide consistent compliance.

• Maintain current knowledge of best practices and industry trends in risk management and compliance. Maintain a higher education network of peers and remain current on higher education trends and issues. Engage in relevant professional development, internal and external, on a regular basis.

• Supervise the Environmental Health and Safety Officer position and assist the EHS Officer to develop plans and strategies to improve safety and reduce injuries.

Insurance Administration:

• Assist Vice President/General Counsel in managing all facets of liability insurance coverages for college property, employees, students, and visitors. Procure and manage property, liability, automobile liability, crime, accident, international, cyber, and other insurance programs.

• Identify and evaluate all risk financing options; evaluate the College's needs for funding, coverages, terms, limits, and retentions; negotiate renewals; and prepare documentation and other materials required from broker or insurers to place or renew insurance coverages.

• Direct claims administration for liability, auto, and property coverages. Manage the day-to-day responsibilities of the College's insurance program including meeting and coordinating with insurance brokers, underwriters, risk managers, and claims adjusters. Serve as liaison with departments and insurance carriers for appropriate resolution of claims.

• At the request of the General Counsel, may review and modify contracts, including insurance and indemnification requirements, with guidance provided by General Counsel.

• Oversee the budget for insurance and other risk management initiatives as part of the GCO budget and assist in advocating for and prioritizing budgets in other units for expenditure on risk mitigation and/or control initiatives.

• Performs other related duties as assigned.

Minimum Education and Training

• Bachelor's degree in business, or field related to insurance or risk management from an accredited college or university.

• Seven (7) years of related experience in risk management or internal audit, compliance, and insurance. Two (2) years in a senior capacity reporting to high level administrator(s).

Preferred Qualifications:

• Master's degree in business administration, risk management, or similar related field.

• Experience working in higher education or governmental organization environment.

• Current ARM, CRM, and/or CCEP certification or ability to obtain within one year.

Minimum Qualifications and Standards Required

• Knowledge of comprehensive risk management theory, principles, and processes with some demonstrated experience.

• Working knowledge of federal and state laws governing compliance and demonstrated ability to research such laws.

• Ability to think and plan strategically and explain and apply enterprise risk management principles in a decentralized environment.

• Strong demonstrated ability to establish collaborative working relationships at all levels and build consensus.

• Excellent analytical and communication skills.

• Must be able to work independently with minimal supervision and direction.

• Must possess a valid driver's license and meet all eligibility requirements to drive a college vehicle and be insured under the College's automobile insurance.

• Must be capable of responding to and traveling to any College facility for unexpected events or emergencies that may occur at any time and any day.

• Good basic computer skills (e-mail, word processing, etc.).

• Position requires excellent verbal communication skills to present in both informal and formal situations (group sessions or one-on-one). The individual in this position may be required to chair or co-chair committees within the College.

• Excellent written communication skills required as the individual in this position must establish and manage a comprehensive enterprise risk management program and make recommendations regarding trends in risk management, safety, loss control and claims management.

• Must possess working knowledge of the following guidelines and regulations:

PHYSICAL DEMANDS

The work requires exerting up to ten pounds of force occasionally and/or negligible amount of force frequently or constantly.

WORK ENVIRONMENT

Office environment, interspersed with periodic potential exposure to hazardous materials, chemicals, fire and/or smoke. Will also include exposure to all types of adverse weather conditions and may include contact with difficult or threatening persons or conditions. Requires travel to all CSM campuses.