Remote

Senior Risk Management Consultant

Allstate Insurance
United States, Illinois
Nov 02, 2024
At Allstate, great things happen when our people work together to protect families and their belongings from life's uncertainties. And for more than 90 years our innovative drive has kept us a step ahead of our customers' evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection. Job Description As a Senior Risk Management Consultant, you'll lead the strategic initiative to provide risk/return expertise to the organization, with a focus on the Protection Products & Services (PPS) businesses. You'll have deep insights across business/functional areas to challenge and report and you'll have responsibility for implementing and influencing the Enterprise Risk and Return Management (ERRM) frameworks across Allstate and PPS. The ERRM framework consists of tools, standards, and risk processes through which directs and assists Market Facing Businesses and Areas of Responsibility to identify and assess risk, mitigate risk in accordance with appetite and analyze and understand the risk environment overall. Key Responsibilities * Build and maintain strong working relationship with 1st Line partners * Educate and empower 1st Line to drive risk and return and increase 1st Line accountability * Assist in the development a holistic view of risk and return, apprised of business strategies, results and challenges. Advise ERRM leaders on risk profile of relevant areas/initiatives * Serve as a trusted risk advisor, assisting the team in responding to 1st Line risk and return needs. Support with consistent application of the risk frameworks and facilitate risk and return decisions * Add value to the 1st Line and CRO by proactively delivering a consistent and holistic view of risk and return Execute risk and return reviews in targeted areas of risk and provide risk consulting Reviews, researches, interprets, and analyzes risk data to identify trends, emerging risks, and issues Integrates information and data to form hypotheses and assumptions of future impact Assist with independent challenge of first line risk management activities Accountable to escalate and report significant issues to ERRM leaders Supports the regular risk reporting cycle to include reviewing and updating of reports * Support the economic capital modeling and risk/return analytics for the PPS businesses * Communicate to leadership, this may include ERRM leaders and business unit leaders * Participate on strategy initiatives for the enterprise risk and return management program Education * 4 year Bachelors Degree (Preferred) Experience * 3 or more years of experience (Preferred) #LI - TE1 Skills Business Finance, Finance, Mitigated Risks, Product Development, Risk Management Compensation Compensation offered for this role is $59,800.00 - 105,910.00 annually and is based on experience and qualifications. The candidate(s) offered this position will be required to submit to a background investigation. Joining our team isn't just a job - it's an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. And one where you can impact the future for the greater good. You'll do all this in a flexible environment that embraces connection and belonging. And with the recognition of several inclusivity and diversity awards, we've proven that Allstate empowers everyone to lead, drive change and give back where they work and live. Good Hands. Greater Together. Allstate generally does not sponsor individuals for employment-based visas for this position. 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