Senior Director - Solvency and Emerging Risk Management

At Northwestern Mutual, we are strong, innovative and growing. We invest in our people. We care and make a positive difference.

• Summary:
  Deliver enterprise risk insights through the identification, assessment, and communication of solvency and emerging risks. Direct the enterprise Own Risk and Solvency Assessment (ORSA) process and the activities of the cross-functional ORSA Team. Play a leadership role in the identification, assessment, reporting and response for emerging risks and transversal risks from an ERM perspective. Contribute to other complex risk management initiatives, providing coordination, consultation, and advice so that risk management is a strategic enabler for the Company.
  Primary Duties & Responsibilities:
  
  • Play a leading role in the enterprise ORSA process and the activities of the ORSA Team, partnering with risk stakeholders to develop solvency stress scenarios, review financial stress tests, and produce an annual ORSA Summary Report, informing senior leaders of key group capital and risk assessment issues.

  
  

  • Lead the identification, assessment, reporting and response for emerging risks, advancing team approach to emerging risks and integrating emerging risks into other enterprise risk processes, including the Enterprise Risk Assessment and proactive risk consulting.

  
  

  • Manage and advance team oversight of the transversal risks that cut across the Company's core risk categories, delivering a thoughtful approach to risk assessment and guiding risk partners to ensure understanding, impact, and ownership.

  
  

  • Establish and cultivate a broad range of relationships across the Company to support achieving stated accountabilities and broader team responsibilities.

  
  

  • Contribute to other complex and multi-functional solvency and risk management initiatives, as determined by the VP-Strategic & Regulatory Risk Management.

  
  

  • Develop understanding of broader enterprise risk management practices and contribute to select activities related to those practices.

  
  Knowledge, Skills, & Abilities:
  

  • Bachelor's degree in actuarial science, finance, risk management, or related field or equivalent experience required; FSA, CPA, JD, or appropriate financial analytical or risk management educational attainment preferred.

  
  

  • Minimum of 7 years of progressively responsible experience in insurance risk management and/or financial management matters.

  
  Required competencies include:
  

  • Strategic Thinking: Ability to understand the Company's strategic direction and the connection between strategy and risk management.

  
  

  • Innovation / Transformation: Able to think creatively and identify opportunities to redesign existing processes and/or develop new processes to facilitate transformation within the team and the Company.

  
  

  • Policy & Procedure: Ability to analyze current enterprise risk policies and procedures, identify gaps and areas for improvement, and develop and implement new policies and procedures, grounded in an understanding of industry best practice and trends, regulatory requirements, and NM's risk profile, structure, and culture. Prepares written documentation with a high focus on clarity, effective communication and quality.

  
  

  • Data & Analysis: Established ability to gather, analyze, use, draw conclusions from, and report information collected via quantitative or qualitative methods, and to measure levels of risk over time and against risk appetite, tolerances, and limits.

  
  

  • Leadership & Communications: Strong interpersonal and leadership skills, including effective decision making, consultation, and communication (written and oral, with ability to present effectively to a variety of audiences), and NM enterprise savvy to navigate, influence and inform multiple key internal stakeholders.

  
  

  • Problem Solving: Established history of solving problems with effective solutions. Ability and determination to communicate difficult risk information and other situations to all levels of company management.

  
  #LI-hybrid
  #LI-ZN

Compensation Range:
Pay Range - Start:
$123,480.00
Pay Range - End:
$229,320.00
Northwestern Mutual pays on a geographic-specific salary structure and placement in the salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity as well as the cost of labor in the market; and other conditions of employment. At Northwestern Mutual, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. Please note that the salary range listed in the posting is the standard pay structure. Positions in certain locations (such as California) may provide an increase on the standard pay structure based on the location. Please c lick here for additional information relating to location-based pay structures.
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We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.
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• Flexible work schedules
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