Boston Medical Center (BMC)
Vice President, Financial Risk Management
Boston Medical Center (BMC), Boston, Massachusetts, us, 02298
Vice President, Financial Risk Management
Boston Medical Center Health System (BMCHS) is a ~$6 billion integrated academic health care system dedicated to improving outcomes for low‑income and vulnerable populations in Massachusetts, New Hampshire, and beyond. Ambitious, BMCHS spans six major entities: Boston Medical Center, WellSense Health Plan, Boston University Medical Group, Boston HealthNet (a network of community health centers), Boston Accountable Care Organization, and Clearway Health (a specialty pharmacy services provider). BMCHS is deeply invested in addressing health inequities and fostering value‑based care, with over 60 % of clinical care delivered in (near) full risk arrangements and 40 % of Massachusetts Medicaid members covered by WellSense Health Plan in accountable care organization partnerships. Responsibilities
Treasury & Capital Management
– Lead the development and execution of BMCHS’s capital and debt strategies in alignment with organizational goals; oversee cash management, investment policies, short- and long‑term liquidity planning; manage banking relationships, investment consultants, debt issuance, refinancing, and compliance; evaluate financial market conditions to optimize capital structure and access to capital; provide regular reporting and recommendations to the CFO and executive leadership regarding the organization’s balance sheet, financial risk exposures, and liquidity. Investment Management
– Provide strategic oversight of BMCHS’s investment portfolios, including operating funds, endowments, and retirement plan assets; serve as the primary liaison to external investment vendors; oversee performance, fees, and compliance with investment policy; prepare and present investment performance updates and strategy recommendations to the Board; regularly review and update investment policies to reflect evolving market conditions, organizational priorities, and fiduciary responsibilities; lead internal investment governance process and ensure adherence to risk, liquidity, and allocation targets. Enterprise Risk Management (ERM)
– Develop, lead, and mature an enterprise‑wide risk management framework and risk governance model; identify, assess, and monitor key financial, operational, and strategic risks across the organization; partner with leaders across the health system to develop and implement risk mitigation strategies; serve as the executive lead on risk‑related committees, providing strategic insights and recommendations to senior leadership and the Board; own the ‘cost of risk’ for the enterprise, manage insurance portfolio and work with third parties to frame choices, trade‑offs and costs of insurable risks; own and manage the financial management of the captive insurance entity ($140 M of assets and $25 M of annual insurance costs). Leadership & Collaboration
– Supervise direct reports, including performance management and talent development; foster a culture of accountability, continuous improvement, and collaboration; serve as a strategic advisor to the CFO and other members of the executive leadership team; partner with legal, compliance, operations, and clinical teams to support enterprise objectives. Required Education and Experience
Bachelor’s degree in Finance, Accounting, Business Administration, or related field required. Minimum of 15 years of progressive leadership experience in treasury, risk management, or related financial disciplines, ideally within a complex healthcare or not‑for‑profit environment. Preferred Education and Experience
MBA preferred. Certifications and Licenses
CPA or CFA preferred. Knowledge, Skills & Abilities (KSAs)
Strong understanding of capital markets, financial risk modeling and investment management. Proven ability to lead cross‑functional teams, build consensus, and drive strategic initiatives in complex organizations. Excellent communication, negotiation, and relationship management skills. Deep understanding of healthcare regulatory environment and risk management best practices. Demonstrated ability to engage with Boards and executive teams on high‑level strategic initiatives. Strong analytical and critical thinking skills with a systems‑level perspective. Equal Opportunity Employer/Disabled/Veterans. According to the FTC, there has been a rise in employment offer scams. Our current job openings are listed on our website and applications are received only through our website. We do not ask or require downloads of any applications, or “apps” job offers are not extended over text messages or social media platforms. We do not ask individuals to purchase equipment for or prior to employment.
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Boston Medical Center Health System (BMCHS) is a ~$6 billion integrated academic health care system dedicated to improving outcomes for low‑income and vulnerable populations in Massachusetts, New Hampshire, and beyond. Ambitious, BMCHS spans six major entities: Boston Medical Center, WellSense Health Plan, Boston University Medical Group, Boston HealthNet (a network of community health centers), Boston Accountable Care Organization, and Clearway Health (a specialty pharmacy services provider). BMCHS is deeply invested in addressing health inequities and fostering value‑based care, with over 60 % of clinical care delivered in (near) full risk arrangements and 40 % of Massachusetts Medicaid members covered by WellSense Health Plan in accountable care organization partnerships. Responsibilities
Treasury & Capital Management
– Lead the development and execution of BMCHS’s capital and debt strategies in alignment with organizational goals; oversee cash management, investment policies, short- and long‑term liquidity planning; manage banking relationships, investment consultants, debt issuance, refinancing, and compliance; evaluate financial market conditions to optimize capital structure and access to capital; provide regular reporting and recommendations to the CFO and executive leadership regarding the organization’s balance sheet, financial risk exposures, and liquidity. Investment Management
– Provide strategic oversight of BMCHS’s investment portfolios, including operating funds, endowments, and retirement plan assets; serve as the primary liaison to external investment vendors; oversee performance, fees, and compliance with investment policy; prepare and present investment performance updates and strategy recommendations to the Board; regularly review and update investment policies to reflect evolving market conditions, organizational priorities, and fiduciary responsibilities; lead internal investment governance process and ensure adherence to risk, liquidity, and allocation targets. Enterprise Risk Management (ERM)
– Develop, lead, and mature an enterprise‑wide risk management framework and risk governance model; identify, assess, and monitor key financial, operational, and strategic risks across the organization; partner with leaders across the health system to develop and implement risk mitigation strategies; serve as the executive lead on risk‑related committees, providing strategic insights and recommendations to senior leadership and the Board; own the ‘cost of risk’ for the enterprise, manage insurance portfolio and work with third parties to frame choices, trade‑offs and costs of insurable risks; own and manage the financial management of the captive insurance entity ($140 M of assets and $25 M of annual insurance costs). Leadership & Collaboration
– Supervise direct reports, including performance management and talent development; foster a culture of accountability, continuous improvement, and collaboration; serve as a strategic advisor to the CFO and other members of the executive leadership team; partner with legal, compliance, operations, and clinical teams to support enterprise objectives. Required Education and Experience
Bachelor’s degree in Finance, Accounting, Business Administration, or related field required. Minimum of 15 years of progressive leadership experience in treasury, risk management, or related financial disciplines, ideally within a complex healthcare or not‑for‑profit environment. Preferred Education and Experience
MBA preferred. Certifications and Licenses
CPA or CFA preferred. Knowledge, Skills & Abilities (KSAs)
Strong understanding of capital markets, financial risk modeling and investment management. Proven ability to lead cross‑functional teams, build consensus, and drive strategic initiatives in complex organizations. Excellent communication, negotiation, and relationship management skills. Deep understanding of healthcare regulatory environment and risk management best practices. Demonstrated ability to engage with Boards and executive teams on high‑level strategic initiatives. Strong analytical and critical thinking skills with a systems‑level perspective. Equal Opportunity Employer/Disabled/Veterans. According to the FTC, there has been a rise in employment offer scams. Our current job openings are listed on our website and applications are received only through our website. We do not ask or require downloads of any applications, or “apps” job offers are not extended over text messages or social media platforms. We do not ask individuals to purchase equipment for or prior to employment.
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