The Risk Manager will be responsible for driving implementation of an Enterprise Risk Management (ERM) program. Works with the ERM Advisory Committee and business leaders, as appropriate, to develop a sustainable framework and the tools, practices, and policies necessary to analyze, manage and report on enterprise risks . Implements cost-effective strategies to eliminate, avoid, manage, treat, pursue or transfer Institute business risks.
PRIMARY DUTIES AND RESPONSIBILITIES:
ENTERPRISE RISK MANAGEMENT:
With input from the ERM Advisory Committee, designs and implements an overall risk management framework for the Institute, which includes governance, reporting and analysis of the impact of financial / strategic / operational risks on the Institute. Establishes the level of risk the Institute is willing to accept.
Develops ERM tools, practices and policies to analyze and report enterprise risks and to manage risks according to the ERM framework.
Performs comprehensive risk assessment by analyzing current risks and identifying potential risks that are affecting the Institute. Manages resulting risk register across the Institute and conducts policy and compliance audits for the same. Develops milestones, benchmarks and accountability framework and metrics.
Trains risk owners and oversees implementation of prioritized risk mitigation strategies. Produces risk activity summaries and prepares documents for the appropriate audiences.
Builds risk awareness among staff by providing support and training.
Leads corporate wide disaster recovery, contingency planning and business continuity efforts. Establishes a framework and methodology for completion of contingency plans by internal business units.
Manages claims reporting process and review of business unit incident reports for claims not handled by General Counsel or Human Resources. Oversees reporting of claims to insurance carriers. Manages individual claims throughout the life cycle, including monitoring loss runs, ongoing costs and settlement amounts. Works with management to settle or dispose of claims and communicate with claimant. In coordination with the General Counsel’s office, prepares claims materials for hearings and litigation.
Coordinates and monitors loss control services from insurance carrier and broker. Works with business units to identify claims trends.
Participates in daily cash management activities. Back up to persons with primary responsibility including disaster recovery and retail cash management.
Bachelor’s degree required.
Five years experience in a risk management-related function
Non-profit and / or higher education experience a plus.
Personal skills and attributes:
Excellent presentation, communication and project management skills
Strong negotiation skills
Proven ability to work effectively with a diverse range of people, at all levels with different functional skills
Proven organizer, motivator and consensus builder
Ability to operate effectively at all levels of the business
The Art Institute of Chicago is an equal opportunity, equal access employer fully committed to achieving a diverse and inclusive workplace.
Internal Number: 3126299420
About Art Institute of Chicago
The Art Institute of Chicago is a world-renowned art museum housing one of the largest permanent collections in the United States. It is encyclopedic in nature with strong holdings across all media, all traditions and all ages. The Art Institute is particularly recognized for its extraordinary Impressionist, Modern, Contemporary and American collections, among other aspects of its holdings. In addition to housing its permanent collection, it typically stages 35-40 special exhibitions a year. In 2014, it was named by TripAdvisor travelers as the number one museum in the world, a remarkable recognition that speaks not only to the quality of the collection but to the entirety of the visitor experience.
The Art Institute welcomes between 1,400,000 and 1,800,000 visitors a year and has a membership of 100,000. The museum has an annual operating budget of approximately $110 million.
Founded in 1879, the Art Institute grew with the success of Chicago and quickly attained world class stature given the strength of its collection. The Art Institute has expanded several times in its history, most recently and notably with the opening in 2009 of the 264,000 square foot Modern Wing ...designed by internationally acclaimed architect Renzo Piano. The addition has been critically important to the museum as it not only provided much needed gallery space, but also allowed the Art Institute to reorganize its galleries to present the collection in a more logical and accessible fashion. The new addition also includes one of the largest education facilities at any museum and this center has allowed the Art Institute to expand its already impressive array of offerings.