Associate Vice President, Enterprise Risk Management

Department:

10212 Advocate Aurora Health Corporate - Internal Audit

Status:

Full time

Benefits Eligible:

Yes

Hours Per Week:

40

Schedule Details/Additional Information:

Salaried, leadership position; Typically Monday - Friday, 1st shift hours

Pay Range

$62.15 - $93.25

Responsible for coordinating and directing activities of the Enterprise Risk Management (ERM) Program that assists Leadership in identifying, assessing, managing, and monitoring risks to its strategies to achieve performance and financial targets, prevent losses or other impacts from known events as well as identifying opportunities for transformation and innovation.

Works with the Enterprise Risk Management Executive Committee and delivers the strategic enterprise risk management vision and activities for the System. Identifies and addresses risk as an opportunity to maintain a competitive business advantage.

Essential Functions

• Seeks ways for the organization to exploit risk and uncertainty as an opportunity to maintain a competitive business advantage.
• Leads enterprise risk management (“ERM”) activities with a focus on strategic priorities, including working with senior executives to identify and address obstacles to meeting these strategic priorities.
• Oversees and manages the organization's comprehensive ERM activities designed to ensure that leaders consider significant risks and opportunities before making strategic and business decisions.
• Educates leaders throughout the System on the importance of ERM and how to use ERM as a strategic advantage.
• Serves as a resource for executives and business units to use ERM tools (e.g., risk assessment and scenario analysis) for strategic plan development or other business analysis or planning, project-based assessments, and referrals of issues or conditions that pose significant risk to the organization.
• Oversees completion of the annual risk and control self-assessment (“RCSA”) process for the organization's key business units, including verifying that accountable executives are completing the RCSA process.
• Facilitates accountability for identified enterprise risks and related control activities or counter-measures by regularly assessing whether “risk owners” are managing identified enterprise risks in accordance with established risk response plans.
• Continues to implement and uses the IBM OpenPages software platform as a strategic tool to analyze and report enterprise risks and to manage risks in accordance with the ERM framework, including coordinating data analytics capabilities with respect to risk and uncertainty.
• Monitors and regularly report findings from ERM risk assessments and scenario analyses to make sure that strategic and operational risk information is appropriately disseminated throughout the System.
• Prepares and presents ERM reports for senior management.

Education and Required Experience

• Bachelor's degree in Accounting, Business, Finance, Health Administration or related area required. Master's in Business Administration or law degree preferred.
• Minimum of 5 years experience in enterprise risk management or a similar discipline

Knowledge, Skills & Abilities Required:

• Excellent ability to lead through influence across a diverse organization to drive the adoption of risk management programs and the implementation of the expected changes in disciplined risk management practices.
• Ability to communicate effectively at all levels of management and at the Board and Board Committee level.
• Ability to respond effectively to sensitive inquiries or complaints, ability to make effective and persuasive presentations on controversial or complex topics to top management and/or Board of Directors
• An advanced knowledge of effective risk management practices and related regulatory requirements and expectations.
• Knowledge of the COSO ERM framework.
• Knowledge of data analytics and utilization of tools to create visualizations.
• Ability to work independently with minimal supervision as well as lead and direct team members.
• Ability to identify risks, evaluate them for impact to organization, and influence leaders to understand.
• Strong organizational skills to multi-task and coordinate large-scale projects.
• Ability to identify and solve matters of concern.
• Ability to influence and recommend system improvement opportunities through critical thinking.
• Excellent verbal and written communication skills, and ability to effectively communicate with Leadership

Our Commitment To You:

Advocate Health offers a comprehensive suite of Total Rewards: benefits and well-being programs, competitive compensation, generous retirement offerings, programs that invest in your career development and so much more – so you can live fully at and away from work, including:

Compensation

• Base compensation listed within the listed pay range based on factors such as qualifications, skills, relevant experience, and/or training
• Premium pay such as shift, on call, and more based on a teammate's job
• Incentive pay for select positions
• Opportunity for annual increases based on performance

Benefits And More

• Paid Time Off programs
• Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability
• Flexible Spending Accounts for eligible health care and dependent care expenses
• Family benefits such as adoption assistance and paid parental leave
• Defined contribution retirement plans with employer match and other financial wellness programs
• Educational Assistance Program

About Advocate Health

Advocate Health is the third-largest nonprofit, integrated health system in the United States, created from the combination of Advocate Aurora Health and Atrium Health. Providing care under the names Advocate Health Care in Illinois; Atrium Health in the Carolinas, Georgia and Alabama; and Aurora Health Care in Wisconsin, Advocate Health is a national leader in clinical innovation, health outcomes, consumer experience and value-based care. Headquartered in Charlotte, North Carolina, Advocate Health services nearly 6 million patients and is engaged in hundreds of clinical trials and research studies, with Wake Forest University School of Medicine serving as the academic core of the enterprise. It is nationally recognized for its expertise in cardiology, neurosciences, oncology, pediatrics and rehabilitation, as well as organ transplants, burn treatments and specialized musculoskeletal programs. Advocate Health employs 155,000 teammates across 69 hospitals and over 1,000 care locations, and offers one of the nation’s largest graduate medical education programs with over 2,000 residents and fellows across more than 200 programs. Committed to providing equitable care for all, Advocate Health provides more than $6 billion in annual community benefits.