Director Enterprise Risk Management

Workforce Classification:

Hybrid

Join Our Team: Do Meaningful Work and Improve People’s Lives 

Our purpose, to improve customers’ lives by making healthcare work better, is far from ordinary. And so are our employees. Working at Premera means you have the opportunity to drive real change by transforming healthcare.

To better serve our customers, we are fostering a culture that emphasizes employee growth, collaborative innovation, and inspired leadership. We are dedicated to creating an environment where employees can excel and where top talent is attracted, retained, and thrives. As a testament to these efforts, Premera has been recognized on the 2025 America's Dream Employers list. In 2024, Newsweek honored Premera as one of America's Greatest Workplaces, America's Greatest Workplaces for Diversity, and America's Greatest Workplaces for Mental Wellbeing. Additionally in 2024, Forbes ranked Premera among America’s Best Midsize Employers for the fourth time.

Learn how Premera supports our members, customers and the communities that we serve through our Healthsource blog:  https://healthsource.premera.com/.

We are seeking a talented Director, Enterprise Risk Management to direct and provide oversight of risk management efforts across the organization. This impactful role will be part of Premera’s strategy to not only manage risk but also take the right risks as we continue our journey to make healthcare work better.

In this role, your leadership will…

• Impact Premera’s overall strategy by helping leaders take an integrated and informed approach to risk:
  • Demystify risk across the organization by executing holistic ERM assessments and collaborating with senior organizational leadership.
  • Facilitate high-level meetings and advise both divisional and C-suite leadership on ERM efforts.
• Provide insight and partner closely with divisional leaders to implement strategic risk monitoring and reporting systems.
  • Build methodology and manage the risk governance structure and oversight framework.
  • Proactively identify emerging risks and programmatic solutions to manage those risks.  
• Reduce organizational risk by thoughtfully managing multiple insurance programs. 
  • Oversee multiple comprehensive, commercial insurance programs.
  • Manage day-to-day operations for a captive insurance company.

What you will do:

• Advise and support  the Chair of the Enterprise Risk Management Committee in Enterprise Risk Management (ERM) efforts, including facilitating ERM risk assessment, identification of mitigating controls, and/or monitoring, as needed. Facilitate high-level meetings across all areas of the company to gather ERM data, build ERM assessments, and discuss ERM status and planned enhancements. 
• Partner with business leaders in their risk management processes for each of the lifecycle stages, namely Risk Identification, Risk Assessment, Risk Reporting and Risk Monitoring. Implement a reporting methodology leveraging technology for concise risk reporting, adopt risk dashboards and use metrics for analysis. 
• Facilitate the development, implementation, and maintenance of the policies, standards, guidelines, and procedures to support a risk management framework. 
• Identify the methods used in measuring operational risk, including assisting management in the development of Enterprise Risk Management (ERM) key risk indicators (KRI) and best practices in monitoring and reporting operational risk.
• Oversee and/or deliver ERM-related regulatory reports, including the annual Own Risk and Solvency Assessment (ORSA) report, presentations for credit rating agencies, contributions to the Form F and CGAD and responses to ad hoc inquiries from regulators and/or clients. 
• Provide leadership on all aspects of the company’s corporate insurance portfolio, including designing, implementing, and managing Premera’s insurance programs.  Develop risk mitigation strategies using procured commercial and captive insurance as risk transfer mechanisms.  Develop and maintain relationships with the company’s insurance brokers and act as the primary point of contact for commercial transactions relating to insurance.  Manage the procurement of the insurance coverage portfolio, including the renewal cycle for all lines of coverage working with broker.  Direct the administration of insurance claims to ensure timely and accurate reporting, analysis, and resolution.
• Lead day-to-day operations of Premera’s captive insurance company, including strategic planning, business operations, regulatory compliance, and financial management.  Includes ownership of the vendor relationship with an insurance broker providing outsourced support for various captive-related activities.

What you will bring:

• Bachelor's degree (Required)
• Ten (10) years of risk management, compliance, or audit experience (Required)

Additional preferred skills/experiences include:

• 4 years of experience leading an ERM program
• 4 years of experience leading a corporate insurance program, including captive insurance.
• Medical and/or insurance industry experience

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Premera total rewards

Our comprehensive total rewards package provides support, resources, and opportunities to help employees thrive and grow. Our total rewards are more than a collection of perks, they're a reflection of our commitment to your health and well-being. We offer a broad array of rewards including physical, financial, emotional, and community benefits, including:

• Medical, vision, and dental coverage with low employee premiums.

• Voluntary benefit offerings, including pet insurance for paw parents.

• Life and disability insurance.

• Retirement programs, including a 401K employer match and, believe it or not, a pension plan that is vested after 3 years of service.

• Wellness incentives with a wide range of mental well-being resources for you and your dependents, including counseling services, stress management programs, and mindfulness programs, just to name a few.

• Generous paid time off to reenergize.

• Looking for continuing education? We have tuition assistance for both undergraduate and graduate degrees.

• Employee recognition program to celebrate anniversaries, team accomplishments, and more.

For our hybrid employees, our on-campus model provides flexibility to create your own routine with access to on-site resources, networking opportunities, and team engagement.

• Commuter perks make your trip to work less impactful on the environment and your wallet.

• Free convenient on-site parking.

• Subsidized on-campus cafes make lunchtime connections with colleagues fun and affordable.

• Engaging on-site events and activities include food trucks, health and wellness, DEI and disaster preparedness fairs, coffee connects, and more.

• Our complementary fitness & well-being center offers both in-person and virtual workouts and nutritional counseling.

• Need a brain break? Challenge someone to a game of shuffleboard or ping pong while on campus.

Equal employment opportunity/affirmative action:

Premera is an equal opportunity/affirmative action employer. Premera seeks to attract and retain the most qualified individuals without regard to race, color, religion, sex, national origin, age, disability, marital status, veteran status, gender or gender identity, sexual orientation, genetic information or any other protected characteristic under applicable law.

If you need an accommodation to apply online for positions at Premera, please contact Premera Human Resources via email at [email protected] or via phone at 425-918-4785.

The pay for this role will vary based on a range of factors including, but not limited to, a candidate’s geographic location, market conditions, and specific skills and experience.

The salary range for this role is posted below; we generally target up to and around the midpoint of the range.

Salary Range:

$153,700.00 - $307,400.00

We’re happy to discuss compensation further during the interview because we believe that open communication leads to better outcomes for all. We’re committed to creating a diverse and inclusive environment where all employees are celebrated for their unique skills and contributions.