Group Risk Manager, Business Risk & Insurance

Overview

Microsofts Business Risk & Insurance team is looking for an experienced finance/insurance professional who is passionate about analyzing business risk, data driven and enjoys working through complex business scenarios, and that can deliver insights to drive timely decision making and support Microsoft risk framework. In this global and solution-oriented position, you will work in a dynamic and fast-paced environment with a need for sound judgment to select methods and techniques for risk mitigation.

The Group Risk Manager, Business Risk & Insurance, will support business risk team members, collaborate with external insurance brokers to provide an effective risk mitigation evaluation framework, and oversee technical contract reviews and program risk assessments, ensuring appropriate insurance placement for Microsoft. You will work closely with the Director of Business Risk & Insurance in managing insurance programs and staying up to date with emerging risks. This position operates as a critical leader within the team, charged with assessing, developing, and monitoring Microsoft's insurance programs and partnering with internal stakeholders to ensure their success.

At Microsoft, our mission-to empower every person and every organization on the planet to achieve more-guides how we partner with customers to deliver trusted, impactful solutions. With a growth mindset culture, we innovate responsibly and measure success by shared progress-people, teams, and customers. Join us to do meaningful work that changes the world and helps shape what's next for everyone.

Responsibilities

• Develops comprehensive strategic plans and frameworks to effectively manage and mitigate corporate risks.
• Participates with outside counsel in mediation and other forms of alternative dispute resolution.
• Works with Legal, insurance brokers and insurance companies in the selection of outside counsel for representation.
• Develops policies and procedures relating to claims reporting and handling in conjunction with internal stakeholders.
• Leads a wide range of claims investigation and management, insurance, loss/exposure, policies and procedures and other matters.
• Partners with internal stakeholders to develop risk transfer programs with a compliance focus.
• Develops risk renewal strategies and insurance program structures that align with organizations risk tolerance, which include captives, self-insurance, risk transfer, and other methods.
• Directs insurance placement and policy review, overseeing activities of the insurance broker, and ensuring timely delivery of expected deliverables and outcomes.
• In collaboration with Director of Business Risk & Insurance and additional internal stakeholders, performs analysis to quantify financial impacts of existing and emerging risk exposures, recommending actions for mitigation through insurance as appropriate.
• Utilizes and develops analytics, including benchmarking and other metrics, to evaluate loss trends, working with insurance brokers to understand the total cost of risk.
• Drives relationships with stakeholders for assigned insurance programs and setting innovative strategies and supports related claims management.
• Participates in Mergers and Acquisitions (M&A) transactions, aiding M&A team with review of integration plans from an insurance perspective.
• Manages and evaluates policy-term changes in risk and exposure, coordinating with other Risk Managers, Director of Business Risk & Insurance, and other stakeholders as needed.
• Ensures effective documentation of all related policies, processes and governance is maintained.
• Other: Embody our culture and values

Qualifications

Required/Minimum Qualifications

• Bachelors Degree AND 6+ years experience in risk management, privacy, security, compliance, government intelligence, operations, and/or finance OR 8+ years experience in risk management, privacy, security, compliance, government intelligence, operations, and/or finance OR equivalent experience.

Additional or Preferred Qualifications

• Masters Degree in Risk Management, Engineering, Government Intelligence, Security, or Information Technology, or related field AND 8+ years experience in risk management in the context of operations, engineering, information technology, business analyst, consulting, auditing, privacy, security, compliance, government intelligence, and/or finance OR Bachelors Degree in Risk Management, Engineering, Government Intelligence, Security, Cybersecurity, or Information Technology, or related field AND 12+ years experience in risk management in the context of operations, engineering, information technology, business analyst, consulting, auditing, privacy, security, compliance, government intelligence, and/or finance OR equivalent experience.
• Membership with a relevant risk domain area association including: International Association of Privacy Professionals (IAPP), International Information System Security Certification Consortium (ISC)2, and Information Systems Audit and Control Association (ISACA), Certified Internal Auditor (CIA), Society for Corporate Compliance and Ethics (SCCE), Disaster Recovery Institute (DRI), Certified Business Continuity Professional (CBCB), Committee of Sponsoring Organizations of the Treadway Commission (COSO), and Institute of Internal Auditors (IIA).
• 8+ years of experience in Corporate Risk Management, including claims management.
• Proficient problem solving, analytical, communication and project management skills; Ability to be responsible for complex projects and influence others.
• Technology savvy and an ability to bring together teams across the company and lead through influence and inclusion.
• Growth mindset and quick learner with agility in responding to new business challenges balanced with compliance focus.
• Data driven, change agent with proven skills to build and lead impact cross-functional teams, leading with empathy, value diverse perspectives and deliver business results.
• Ability to deal with the ambiguity associated with working in a fast paced and changing environment.

#Finance

Risk Management IC5 - The typical base pay range for this role across the U.S. is USD $116,900 - $203,600 per year. There is a different range applicable to specific work locations, within the San Francisco Bay area and New York City metropolitan area, and the base pay range for this role in those locations is USD $148,400 - $222,600 per year.

Certain roles may be eligible for benefits and other compensation. Find additional benefits and pay information here:

https://careers.microsoft.com/us/en/us-corporate-pay

This position will be open for a minimum of 5 days, with applications accepted on an ongoing basis until the position is filled.

Microsoft is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, citizenship, color, family or medical care leave, gender identity or expression, genetic information, immigration status, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran or military status, race, ethnicity, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable local laws, regulations and ordinances. If you need assistance with religious accommodations and/or a reasonable accommodation due to a disability during the application process, read more about requesting accommodations.