Director of Operational Risk Management

At Enact Mortgage Insurance (Nasdaq: ACT), we understand that there's no place like home. That's why we bring our deep expertise, insightful offerings, and extra mile service to work every day to help lenders put more people in homes and keep them there. We're looking for a highly experienced and strategic Director of Operational Risk Management in Raleigh, NC to join us in fulfilling our mission, while utilizing our values of excellence, improvement, and connection. In this role, you will ensure the robustness and continuity of our operations, particularly in the areas of business continuity, information technology, and cyber risks. The ideal candidate will have a strong background in risk management within the property and casualty insurance industry and have a proven track record of leading cross-functional teams to mitigate operational risks. The role reports to the Enact Chief Risk Officer.LOCATIONEnact Headquarters, Raleigh, NC - Hybrid ScheduleYOUR RESPONSIBILITIESOperational Risk ManagementDevelop and implement comprehensive operational risk management frameworks, policies, and procedures.Identify, assess, and prioritize operational risks across business units and functions.Monitor and report on key risk indicators and risk events.Collaborate with business units and functions to develop and implement risk mitigation strategies.Business ContinuityDesign and oversee the execution of business continuity plans to ensure the organization can continue to operate during and after disruptive events.Conduct regular business impact analyses and risk assessments to identify critical functions and dependencies.Coordinate and lead business continuity training and simulation exercises.Information Technology and Cyber RiskOversee the development and implementation of IT risk management strategies, including cybersecurity measures.Collaborate with IT and cybersecurity teams to monitor and respond to emerging threats and vulnerabilities.Model Risk ManagementDevelop and maintain a model risk management framework to ensure the accuracy and reliability of key business models.Oversee the validation and testing of models used across the organization.Collaborate with data scientists and analysts to ensure models are aligned with regulatory requirements and industry best practices.Leadership and Collaboration:Lead and mentor a team of risk management professionals, fostering a culture of risk awareness and resilience across the organization.Work closely with other departments, including IT, legal, compliance, and operations, to ensure a cohesive approach to risk management.Represent the organization in industry forums and with regulatory bodies on matters related to operational risk and resilience.YOUR QUALIFICATIONSBachelor's degree in Risk Management, Business Administration, Information Technology, or a related field.Minimum of 10 years of experience in operational risk management, business continuity, or a related field within the property and casualty insurance industry.Strong knowledge of risk management frameworks, business continuity planning, cybersecurity best practices, and model risk management principles.Excellent leadership, communication, and interpersonal skills.Ability to think strategically and manage complex projects in a dynamic environment.PREFERRED QUALIFICATIONSAdvanced degree preferred.Relevant professional certifications in Risk Management, Operational Risk Management, or Business Continuity Planning designations are a plus.COMPANYEnact is a leading publicly traded U.S. private mortgage insurance provider, offering borrower-centric products that enable lenders and other partners across the U.S. to help people responsibly achieve and maintain the dream of homeownership.By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Headquartered in Raleigh, North Carolina, we play an active role in supporting a healthier Triangle community. We also support our colleagues' philanthropic efforts in their home communities across the U.S. Enact values all perspectives, characteristics and experiences, and DEI remains at the forefront of what we do. We strive to create an environment where employees can bring their full, authentic selves to work to help each other and their customers.We are proud to be an equal opportunity employer and all hiring decisions are based on merit, qualifications, and business needs. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.WHY WORK AT ENACTWe bring innovative thinking to the situations at handWe seek out and incorporate diverse views to strengthen our outcomesWe work on challenging and rewarding projectsWe offer competitive benefits:Hybrid work schedule (shared in-office days Tues/Wed/Thurs)Generous Time Off40 Hours of Volunteer Time OffTuition Reimbursement and Student Loan RepaymentPaid Family Leave and Flexible Spending Accounts401k with up to 5% employer matchFitness and Emotional Wellness Reimbursements

Created: 2025-01-24