The Director of Enterprise Risk Management is responsible for directing the VCU Health System Enterprise Risk Management (ERM) Program, including the design, implementation and oversight of the organization's enterprise risk management framework. The role will support the identification, evaluation, prioritization, management/mitigation, and monitoring of risks affecting the organization while ensuring the organization operates within legal and ethical boundaries.
Essential Job Statements
Leads the development and documentation of the ERM Program, includingenterpriserisk framework andenterpriseriskappetiteframeworktolerance in collaboration with Senior Leadership.Fosters and builds a risk-intelligent culture.
Manages the enterprise-wide risk assessmentprocess,includingmaintainingtheorganization'srisk inventory through collaboration withleaders of each domain to develop risk mitigationstrategiesPromotes effective and ongoing communication and sharing of informationto escalate risk concerns.
Develops and evaluates theHealth System’s approach to risk identification, management,monitoring,and communicationFacilitates the identificationof risk, developsreports,and monitors ERM issues.
Engageleaders and colleagues in the practice of identifying, managing,monitoringand communicating risk across various departments and functions within the HealthSystem,including clinical,financial,operationaland strategicrisk.
Monitors the effectiveness ofenterpriserisk management strategies, tracking key risk indicators, andreporting onrisk-related issues to senior management and the board
Develops ERM tools,practicesand policies toreport and analyze enterprise riskmanagement and tofacilitatethe management of riskaccording to the Health System’s ERM framework.
Develops ERM policies and strategiesbased on bestpractices,including consideration ofcurrent developments that couldimpactthe organization’s profile,the regulatory environment, rating agencystandards,and strategicinitiatives of the Health System.
Develop and manage ERMtraining and educationforstaffbasedon ERM principles and practices, promoting a consistent approach to risk management throughout theHealth System
Usesanalytics andmonitorsinternalexternalenvironmentfor relevant informationtofacilitaterisk identification andimplementation ofmitigationplans
Understandingofbest practices in ERMand operational risk. Remainsawareof current developments that couldimpacttheorganization's profile andmaintainscommunication with Senior Leadership to ensureappropriatemitigationplans are implemented.
Develops and implementsenterpriserisk management practices, including policy development,methodologyfor measuring model risk and criticality, process improvement, data standards, and documentation requirements.
Performs other duties as assigned and/orparticipatesin special projects to support the mission of VCUHS.Acceptsalternate assignments, asrequiredto fulfill business needs.
Patient Population: N/A
Employment Qualifications
RequiredEducation: Baccalaureate Degree inHealthcare Administration, Health Law, Public Health, or Business Administration from an accredited program
Preferred Education: Master’s Degree in Healthcare,Administration, HealthLaw, PublicHealth,or Business Administration from an accredited program
Licensing/ Certification
Licensure/Certification Required: N/A
Licensure/CertificationPreferred: Certified Professional in Healthcare Risk Management (CPHRM)
Minimum Qualifications
Yearsand TypeofRequiredExperience: Required:7yearsofEnterprise Risk Management,Legal or Health CareAdministration,including 3 years of Management experience. Previouswork experience in a complex healthcare environment and organizational operations. Experience in Corporate/Risk Governance, Risk Management, Regulatory Management, Legal, or related areas. Experience with ERM principles and methodologies. Previouswork experience in developing and implementingenterpriserisk managementframeworkand strategies. Previouswork experience with statistics, data collection,analysis,and data presentation
Other Knowledge,Skillsand Abilities Required: Excellent Analytical skills with the ability to interpret complex data and trends and present findings to executive team. Proficient in risk management tools and software. Strong communicationskills to effectively present risk information to executive leadership and board members. Ability to work cross-functionally with various departments. Leadership and Development. Strong critical thinking skills, including strategic thinking, effective analysis ofdata,and the ability to aggregate riskacrossthe healthsystem into enterprise risk. Decision-Making Adaptability and Resilience. Strong project management skills and ability toestablishproject goals,schedules, and deliverables and to managenumerouscomplex projects.
Other Knowledge,Skillsand AbilitiesPreferred: Experience in transformation and change leadership. Previousexperience in an academic medical center environment . Experience in leading process improvement initiatives as well as teaching and coaching new leaders.
Working Conditions: Periods of high stress and fluctuating workloads may occur General office environment
Physical Requirements
Physical Demands: Lifting/ Carrying(0-50 lbs.)
Work Position: Sitting, Walking, Standing
Additional Physical Requirements/ Hazards
Additional Physical Requirements: N/A
Hazards: N/A
Mental/Sensory – Emotional
Mental/Sensory: Strong Recall, Reasoning, Problem Solving, Hearing, Speak Clearly, Write Legibly, Reading, Logical Thinking
Emotional: Fast pace environment, Able to Handle Multiple Priorities, Able to Adapt to Frequent Change
EEO Employer/Disabled/Protected Veteran/41 CFR 60-1.4.
We are a strong, passionate team of more than 12,500 who take pride in caring for every person who comes through our doors. We lift each other up so we can provide the very best and safest care to those who need us most. Together. Every day.
With the support of our university, we make up an academic medical center committed to excellence in patient care, innovation and training tomorrow’s health care workforce. We continue to educate, research and evolve – staying on the cutting edge of care.
As a community of innovators, every team member can contribute a spark of ingenuity igniting a force to discover the next cure, hold the next hand, solve the greatest challenges and create the health care of tomorrow.
We foster an atmosphere of respect and welcoming for all communities. We infuse our teams with diverse talent that inspires everyone to contribute openly and freely, maximizing their impact and creating meaningful change for our patients and community.
Join our team and help us create a new kind of patient experience. Join VCU Health.
EEO Statement:
VCU Health System strictly prohibits and does not tolerate discrimination against, or harassment of, team members, applicants, or any other covered persons because of age, race, ethnicity, religion, culture, language, physical or mental disability, socioeconomic status, sex (sexual orientation, gender identity or expression and pregnancy), protected veteran status, marital status, genetic information, or any other protected characteristics under applicable federal, state, or local law.
Pay Transparency Provisions:
VCU Health System complies with the Pay Transparency Provisions.
