The Sr. Director of Risk Management develops an enterprise strategy for assessing insured risks, leads the risk management program, and evaluates insurable exposure while ensuring compliance with insurance requirements.
With a career at The Home Depot, you can be yourself and also be part of something bigger.
Position Purpose:
Develops Enterprise-wide strategy for assessing insured risks across all relevant insurance lines, identifies the need for coverage and limits, determines appropriate risk transfer goals, determines the effective use of the insurance market, self-insured retentions, deductibles, captive insurance programs, and RMIS systems
Key Responsibilities:
- 40% - Develop, enhance, and operationalize compliance policies and processes - Ensures compliance with all insurance capital and regulatory requirements. Partners with safety, legal, and finance leaders, among others, to explain insurance programs and their benefits and impacts. Procures and utilizes effective risk management systems.
- 30% - Lead and develop ongoing management of risk program - Provides leadership direction to Risk Management Department. Serves as lead contact for the insurance industry including insurance brokers and the insurance market overall. Selects, develops, and motivates staff within Risk Management.
- 30% - Perform activities to monitor and assess risk on an ongoing basis - Identifies and evaluates insurable exposure. Evaluates appropriate balance between insurance, self-insurance, and captive utilization.
Direct Manager/Direct Reports:
- This Position typically reports to the Vice President, Legal
- This Position has up to 3 Direct Reports
Travel Requirements:
- Typically requires overnight travel 5% to 20% of the time.
Physical Requirements:
- Most of the time is spent sitting in a comfortable position and there is frequent opportunity to move about. On rare occasions, there may be a need to move or lift light articles.
Working Conditions:
- Located in a comfortable indoor area. Any unpleasant conditions would be infrequent and not objectionable.
Minimum Qualifications:
- Must be 18 years of age or older
- Must be legally permitted to work in the United States
Preferred Qualifications:
- Business or Risk Management degree
- Insurance industry designations such as CPCU, ARM, AIC
Minimum Education:
- The knowledge, skills and abilities typically acquired through the completion of a bachelor's degree program or equivalent degree in a field of study related to the job.
Preferred Education:
- The knowledge, skills and abilities typically acquired through the completion of a bachelor's degree program or equivalent degree in a field of study related to the job.
Minimum Years of Work Experience:
- 10
Preferred Years of Work Experience:
- 10
Minimum Leadership Experience:
- None
Preferred Leadership Experience:
- None
Certifications:
- None
Competencies:
- Business Insights
- Decision Quality
- Organizational Savvy
- Strategic Mindset
- Expertise in the risk management/insurance discipline
- Flexibility, problem solving, and organizational skills
- Strategic planning and risk management planning experience
- Analytical and decision-making skills
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