Sompo
Overview
Sompo has a unique opportunity for an
Assistant Vice President, Operational Risk
to join our
North America Risk
team. Location:
New York, NY . As an Assistant Vice President, Operational Risk, you will be supported by the wider Group Risk Function comprising several centers of core risk competency including exposure management, ERM and reporting, operational risk management, risk modelling and validation/research. Each of these global teams are led by experienced risk professionals who are charged with establishing best practices, developing global capabilities, and providing group-wide support. What you’ll be doing
Lead the North America RCSA process across underwriting, claims, operations, and support functions, ensuring quality and completeness of risk registers and self-assessments. Provide training and expert guidance on the GRC system. Manage the risk incident process, overseeing root cause analysis, impact assessments, and documentation to mitigate operational risks. Deliver 2nd line assurance and monitoring for strategic growth initiatives and key projects, proactively managing risks. Develop and present operational risk reports and dashboards to regional executives, highlighting key risks and trends to support decision-making. Lead governance and control reviews to strengthen controls and ensure compliance. Collaborate with internal control functions, including Internal Audit and Compliance, aligning on annual assurance plans and enterprise risk activities. ERM & Reporting
Lead preparation of annual U.S. and Canada ORSA reports with supporting analysis to meet regulatory expectations. Maintain local risk policies aligned with group standards to comply with U.S. and Canadian regulations. Own the North America Material Risk Register, engaging senior leadership in risk identification and mitigation. Support compliance with OSFI, U.S. State, and NAIC regulations, managing filings and responding to updates. Assist in delivering ERM training programs to promote risk awareness organization wide. Partner with the North America CRO on business plan risk reviews, executive and board risk reporting, and key risk initiatives. What You’ll Bring
Minimum of 5 years’ experience in a comparable risk management or consulting role within the Commercial P&C insurance sector. Deep understanding of risk management regulatory requirements and industry best practices. Bachelor’s or advanced degree in a technical or relevant field, with strong specialist risk expertise, professional knowledge, and financial acumen. Professional designations are preferred. Proven ability to identify, assess, and manage risks and issues across a diverse portfolio of products and geographies simultaneously. Comfortable working efficiently under pressure, both independently and collaboratively, consistently delivering accurate results within tight deadlines. Excellent report writing skills with the ability to clearly communicate complex technical information to varied audiences. Strong influencing and relationship-building skills, facilitating effective collaboration across departments and regions. Energetic, determined, and adaptable, thriving in a fast-paced environment with a commitment to continuous learning and business understanding. Salary Range
Salary Range:
$165,000 – $185,000 per year. Actual compensation depends on factors including location, qualifications, skills, and experience. At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. We offer competitive compensation and benefit programs to eligible employees and a pay-for-performance culture. Summary & Benefits
We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Current U.S. benefit programs include: Two medical plans to choose from, including a Traditional PPO and a Consumer Driven Health Plan with Health Savings Account Pharmacy benefits with mail order options Dental benefits including orthodontia benefits for adults and children Vision benefits Health Care & Dependent Care Flexible Spending Accounts Company-paid Life & AD&D benefits, with option to purchase Supplemental life coverage Company-paid Disability benefits with salary continuation 401(k) Retirement Savings Plan with employer contributions Competitive paid-time-off, holidays, and parental leave benefits Employee Assistance Program and Tax-Free Commuter Benefit Tuition Reimbursement & Professional Qualification benefits Equal Opportunity
Sompo is an equal opportunity employer and values inclusion and diversity. We do not discriminate based on race, color, religion, sex, orientation, national origin, or age. Seniority level
Mid-Senior level Employment type
Full-time Job function
Finance and Sales Industries Insurance Referrals increase your chances of interviewing at Sompo. Get notified about new Vice President Financial Services jobs in New York, NY. New York, NY candidates: example postings with salary ranges are listed for context and are not guarantees of employment.
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Sompo has a unique opportunity for an
Assistant Vice President, Operational Risk
to join our
North America Risk
team. Location:
New York, NY . As an Assistant Vice President, Operational Risk, you will be supported by the wider Group Risk Function comprising several centers of core risk competency including exposure management, ERM and reporting, operational risk management, risk modelling and validation/research. Each of these global teams are led by experienced risk professionals who are charged with establishing best practices, developing global capabilities, and providing group-wide support. What you’ll be doing
Lead the North America RCSA process across underwriting, claims, operations, and support functions, ensuring quality and completeness of risk registers and self-assessments. Provide training and expert guidance on the GRC system. Manage the risk incident process, overseeing root cause analysis, impact assessments, and documentation to mitigate operational risks. Deliver 2nd line assurance and monitoring for strategic growth initiatives and key projects, proactively managing risks. Develop and present operational risk reports and dashboards to regional executives, highlighting key risks and trends to support decision-making. Lead governance and control reviews to strengthen controls and ensure compliance. Collaborate with internal control functions, including Internal Audit and Compliance, aligning on annual assurance plans and enterprise risk activities. ERM & Reporting
Lead preparation of annual U.S. and Canada ORSA reports with supporting analysis to meet regulatory expectations. Maintain local risk policies aligned with group standards to comply with U.S. and Canadian regulations. Own the North America Material Risk Register, engaging senior leadership in risk identification and mitigation. Support compliance with OSFI, U.S. State, and NAIC regulations, managing filings and responding to updates. Assist in delivering ERM training programs to promote risk awareness organization wide. Partner with the North America CRO on business plan risk reviews, executive and board risk reporting, and key risk initiatives. What You’ll Bring
Minimum of 5 years’ experience in a comparable risk management or consulting role within the Commercial P&C insurance sector. Deep understanding of risk management regulatory requirements and industry best practices. Bachelor’s or advanced degree in a technical or relevant field, with strong specialist risk expertise, professional knowledge, and financial acumen. Professional designations are preferred. Proven ability to identify, assess, and manage risks and issues across a diverse portfolio of products and geographies simultaneously. Comfortable working efficiently under pressure, both independently and collaboratively, consistently delivering accurate results within tight deadlines. Excellent report writing skills with the ability to clearly communicate complex technical information to varied audiences. Strong influencing and relationship-building skills, facilitating effective collaboration across departments and regions. Energetic, determined, and adaptable, thriving in a fast-paced environment with a commitment to continuous learning and business understanding. Salary Range
Salary Range:
$165,000 – $185,000 per year. Actual compensation depends on factors including location, qualifications, skills, and experience. At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. We offer competitive compensation and benefit programs to eligible employees and a pay-for-performance culture. Summary & Benefits
We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Current U.S. benefit programs include: Two medical plans to choose from, including a Traditional PPO and a Consumer Driven Health Plan with Health Savings Account Pharmacy benefits with mail order options Dental benefits including orthodontia benefits for adults and children Vision benefits Health Care & Dependent Care Flexible Spending Accounts Company-paid Life & AD&D benefits, with option to purchase Supplemental life coverage Company-paid Disability benefits with salary continuation 401(k) Retirement Savings Plan with employer contributions Competitive paid-time-off, holidays, and parental leave benefits Employee Assistance Program and Tax-Free Commuter Benefit Tuition Reimbursement & Professional Qualification benefits Equal Opportunity
Sompo is an equal opportunity employer and values inclusion and diversity. We do not discriminate based on race, color, religion, sex, orientation, national origin, or age. Seniority level
Mid-Senior level Employment type
Full-time Job function
Finance and Sales Industries Insurance Referrals increase your chances of interviewing at Sompo. Get notified about new Vice President Financial Services jobs in New York, NY. New York, NY candidates: example postings with salary ranges are listed for context and are not guarantees of employment.
#J-18808-Ljbffr