Head, Enterprise Risk Management

CFA Institute is the world's largest association of investment management professionals. As a global, independent organization, with a community of more than 175,000 members and 150+ member societies, we lead the investment profession by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society.
At CFA Institute, we care about our employees' mental, physical, social, and financial well-being. That's why we are committed to providing a comprehensive, competitive benefits package that offers flexibility to make choices that meet their needs:

• Health & Well-being benefits that are amongst the best in the industry with full comprehensive Medical, Dental, and Vision for employees and their family members
• Comprehensive Leave and Time Off plans
• A focus on Financial Well-being means that we stack our retirement benefits against the most competitive standards.
• Flexible work arrangements
• Wellness, Education, and Employee Assistance Benefits

Job Description Summary:
The Head, Enterprise Risk Management will report directly to the Chair of the Audit and Risk Committee of CFA Institute's Board of Governors, and functionally to the Chief Financial Officer. This role has full accountability for building and sustaining a global Enterprise Risk Management (ERM) program and provides subject matter expertise to senior leaders across the organization. The role assists in identifying multiple areas of risk (including operational, legal, credit, and liquidity) across the organization risks across the organization and develops strategic, business-centric action plans to address key issues, improve the risk posture of the organization, shape a stronger risk culture, and enhance efficiency by ensuring an active first, second, and third line of defense to overall risk.
The Head, Enterprise Risk Management facilitates the internal Risk Committee (RC) and similar meetings, collaborating with appropriate leaders to foster an insightful discussion and a productive debate and decision on the company's risks and opportunities. This role leverages risk insights to promote and ensure a consistent and robust approach to Risk Management across the enterprise, including aligning with Global Compliance and Internal Audit on the creation of the Internal Audit Plan. This role assists executive management including the RC, the Leadership Team, and the Board of Governors (BoG) in fulfilling their respective risk oversight fiduciary responsibilities.
The position may be based in Charlottesville VA, Washington DC, New York, NY, or London and is eligible for hybrid or remote work in approved jurisdictions.
Job Description:
As the Head, Enterprise Risk Management, you will have the opportunity to:

• Accountable for a global Enterprise Risk Management team; provide leadership and support with the ability to be 'direct' when required; develops and monitors resource needs, including human capital.
• Design, implement, and manage the global Enterprise Risk Management (ERM) framework and programs in accordance with the organization's overall risk strategy.
• Collaborate closely with stakeholders across the organization to build and enhance the global ERM portfolio of efforts to raise the risk posture of the organization.
• Enable leaders to understand potential risks impacting the organization's strategy as well as identify opportunities for risk reduction.
• Apply qualitative vs. quantitative Risk Management and inherent vs. residual risk to properly determine, evaluate and report on Enterprise Risk level.
• Establish ongoing, consistent, and robust ERM practices to identify, prioritize, assess, mitigate, monitor, and report on risks and opportunities across the enterprise.
• Conduct top-down risk assessments and support bottoms-up functional risk assessments, to develop the annual internal audit plan.
• Work with key cross functional stakeholders to identify critical risks and potential business impact.
• Identify and support business leaders in determining right-sized mitigation approaches and partner with them to execute their Risk Management responsibilities, driving consistency and robustness across the enterprise.
• Communicate with management, in part through the RC, the status of the ERM program including discussions on critical risks.
• Track and communicate emerging risks to establish a framework for assessing risks.
• Escalate key risks to the RC, executive management, and the Board of Governors, as appropriate.
• Foster an integrated Risk Management approach through coordination with multiple functions (such as Internal Audit, Crisis Management, and Business Continuity, Insurance, and Security) to align on methodology and approach, as well as with other functions to enhance operating controls.
• Develop and deliver audience appropriate ERM training to enhance the culture of Risk Management and ensure application of Risk Management in business processes are embedded in the organization.

The skills and experience for this role are:

• Bachelor's degree or commensurate combination of education and experience required; JD, MBA, or other relevant advanced degree preferred
• Minimum 10 years' experience leading Risk Management, crisis management, or a related function in a global organization; ERM expertise preferred.
• Proven experience in building and optimizing risk programs, policies, and assessments across business lines and geographies required.
• Ability to identify emerging Risk Management trends and issues from both internal and external data and educate senior leadership and other key stakeholders accordingly.
• Significant experience with Risk Management frameworks
• Global cultural orientation and working experience; considerable experience leading Risk Management in a multinational environment preferred with the ability to manage diverse and remote teams.
• Qualitative experience in strategic planning and/or policy development at a senior level.
• Excellent interpersonal and stakeholder management skills; experienced in building strong and credible relationships across disciplines and stakeholders at multiple levels and influencing teams to consensus and shared goals.
• Excellent communication skills including written, verbal and presentations skills; skilled in turning complex data into compelling presentations and in communicating recommended courses of action for innovative, business- oriented response.
• Ability to manage confidential and sensitive information with a high degree of professionalism.
• Demonstrated integrity and ability to maintain principles under internal and/or external pressure.
• Fluency in English required, knowledge of additional languages a plus.

This opportunity is open to internal and external candidates. CFA Institute is committed to the professional development of its employees; first/full consideration will be given to internal candidates.
CFA Institute salary ranges will vary by geographical location. This role is being posted nationally/internationally and does not have to be performed in New York City. In compliance with the New York City salary disclosure law, the anticipated base salary for this role in New York City will range between $200,500 and $334,100. Salaries are determined based on candidate relevant experience and skills, as well as internal equity.
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We are an Equal Opportunity Employer. CFA Institute prohibits both discrimination and harassment with regard to all identifying characteristics: any individual employee, group of employees, or prospective employee on the basis of race, color, national origin, citizenship or immigration status, religion, creed or belief, age, marital or partnership status, marital or family status, care giver status, pregnancy and maternity, sexual and other reproductive health decisions, physical abilities/qualities, disability, sexual orientation, gender, gender identity or expression, predisposing genetic characteristic, military or veteran status, status as a victim or witness of domestic violence or sex offense or stalking, unemployment status, infectious disease carrier status, migrant worker status, educational background, socio-economic status, geographic location and culture or any other basis protected by applicable law. This policy impacts all aspects of employment, including but not limited to, recruitment, hiring, compensation, training, development, promotion, demotion, layoff, recall, furlough, transfer, leave of absence, and dismissal. This is a global policy that applies to all CFA Institute employees, regardless of location.
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