Risk Management Director manages and administers an organization's risk-management programs. Implements policies, procedures, and controls to monitor and minimize the risk exposure of assets. Being a Risk Management Director researches internal and external risk factors including economic, market, and regulatory risks that may affect the organization. Routinely evaluates the effectiveness of procedures and collaborates with internal stakeholders to monitor changes in the business environment. Additionally, Risk Management Director manages statistical analysis and designing of financial models to predict the risk exposure of an organization's assets. Reviews risk analysis reports to ensure risks are identified and managed effectively. Requires a bachelor's degree. Typically reports to a director. The Risk Management Director typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Risk Management Director typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)
Title: Executive Director of Enterprise Risk Management (ERM) and Compliance
Salary Range: $86,268.00 - $122,100.00
Contract Term Length: 12 Months
Standard Hours: 37.5
Work Location: Hybrid
FLSA Status: Exempt
College: KCTCS System Office
Campus Location: System Office
Department: Legal Services
Total Rewards
KCTCS System Office offers a competitive benefits package and an attractive work environment that supports excellence, innovation, and creativity including:
Job Summary
The Executive Director of Enterprise Risk Management (ERM) and Compliance is responsible for overseeing the development, implementation, and management of the System's enterprise risk management (ERM) and compliance program.
This is a defined-term contract position renewable each fiscal year and located in Versailles, KY.
KCTCS offers a hybrid work schedule with a requirement to be onsite a minimum of 3 days per work week. Hybrid work schedules are subject to periodic review and may be modified or terminated at any time.
Job Duties:
Develop, implement, and maintain a comprehensive ERM framework to meet the needs of the System and its sixteen colleges. Identify, assess, and prioritize risks and vulnerabilities to System operations and collaborate with leadership to develop and implement strategies to mitigate risk. Monitor and report on the effectiveness of risk management strategies.
Assists the Office of General Counsel in ensuring that the System is compliant with federal, state, and local laws and regulations, accreditation standards, policies, and contractual requirements through the implementation of policies and procedures, provision of training, and investigation of complaints alleging violation(s) by System and/or college personnel.
Works in close collaboration with the Office of General Counsel, and compliance partners, as necessary. Provides regular status reports to the Board of Regents, System President, and leadership, as required. Oversees the development of policies and procedures related to compliance and articulates how System policies apply to various compliance areas. Conducts regular compliance audits and risk assessments to identify areas of improvement.
Remains current as to developments in regulatory compliance obligations impacting the System and provides essential training regarding same to System and college leadership, supervisors, and other employees as appropriate, by designing, developing, scheduling, and conducting specific workshops and in-service training sessions.
Directs and supervises the collection and review of data and the preparation of a variety of reports, statements, and communications.
Performs all other duties as assigned.
Minimum Qualifications:
Bachelor's Degree in Accounting, Compliance, Legal Studies, Business, Public Policy, Education Studies or other related field and seven (7) years of relevant experience or equivalent.
Preferred Qualifications:
Master's Degree in Law and/or Legal Studies, Public Administration, Business Administration, Higher Education Policy, Finance, Accounting or other related field and eight (8) years of relevant experience or equivalent.
Additional Skills Requested:
Certified Public Accountant (CPA)
Juris Doctor (JD)
Certified Compliance & Ethics Professional (CCEP
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