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Director of Quantitative Assessment - Enterprise Risk - Minnetonka, MN

UnitedHealth Group


Location:
Minnetonka, MN
Date:
01/23/2018
2018-01-232018-02-21
Job Code:
742369
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Job Details

742369 Director of Quantitative Assessment Enterprise Risk Minnetonka MN

Director of Quantitative Assessment - Enterprise Risk - Minnetonka, MN (742369)

Position Description

If you want to achieve more in your mission of health care, you have to be really smart about the business of health care. Financial discipline and accountability count more today than ever. Which is why your performance and innovation will find a reception here like nowhere else as you help people live healthier lives while doing your life's best work.(sm)

 

Enterprise Risk Management (ERM) is responsible for identifying and quantifying key risks facing UnitedHealth Group. In this role, you will be challenged to leverage your skills in quantitative analysis, problem solving, project management, and in relationship management to lead projects in a matrixed environment with the goal of estimating the potential exposures related to the risks identified by the ERM Team through the application of financial and statistical modeling methods.


Primary Responsibilities:

  • Preparing quantitative risk assessments for UnitedHealth Group’s key risks (identified through the qualitative ERM process) using statistical methods to determine the severity of a potential loss and the probability of the loss occurring
  • Communicating results of quantitative, statistical analysis to non-statistical business management in terms that are readily understood, i.e., “in plain English”
  • Conducting root cause analysis
  • Working with designated business and functional risk owners and SMEs to:

    • Construct quantitative models for individual risks by dissecting risks into their component parts and quantifying each component using SME input and/or publically available third party loss data
    • modeling skills and statistical methods to create a quantitative distribution for key risks by building up the risk from its individual risk components
    • Uses quantitative results to facilitate a discussion with risk owners on risk appetite, tolerance and limit measurements
    • Facilitate linkage to existing business risk and performance management
    • Enhance risk communication
    • Supporting the annual qualitative ERM risk identification process
    • Monitoring business and functional metric-based risk monitoring and reporting establishing feedback loops through the ERM Program
    • Collaborating internally with centralized risk management departments (e.g., Enterprise Information Security, SEC reporting, Legal Compliance and Regulatory Affairs, Internal Audit Advisory Services, etc.) to ensure cross functional understanding and communication of risks throughout the Enterprise
    • Researching and recommending best practice improvements to evolve, mature and streamline the ERM Program serving as a catalyst for innovation and continuous process improvement
    • Documenting existing processes in support of future audits of the ERM Program
    • Other assignments and projects and requests as needed
Required Qualifications:
  • Bachelor’s degree in Finance, Accounting, Business, Statistics, Mathematics or Economics
  • 10 or more years of successful business experience, including complex financial and/or statistical modeling experience
  • 2 or more years of experience with statistical methods, and using statistics to communicate risk metrics in a simple, clear way
  • 2 or more years of experience building quantitative models and analyzing results
  • 3 or more years of experience with financial statements / accounting, and economic and financial analysis
  • Experience driving or managing projects and prioritizing effectively in a dynamic environment
  • Advanced Microsoft Office (Excel and PowerPoint) skills
Preferred Qualifications:
  • Master’s degree in finance, accounting, business, statistics, mathematics or economics
  • Regulated financial institution, insurance or managed healthcare industry or health services experience
  • Risk management and audit standards experience

Soft Skills:

  • Demonstrated independent critical thinker, with the personal presence to bolster the franchise of Enterprise Treasury’s ERM role with senior business and functional management
  • Proven ability to develop and maintain strong relationships with business and functional leadership without organizational authority, as well as with consulting partners
  • Evidence of accomplishment of goals through formal or informal channels; resilience in overcoming obstacles; and ability to influence others to drive for results
  • A record of leadership, strong communication, analytical rigor, presentation capability and interpersonal skills
  • Proven ability to dissect complex problems / issues and implement solutions by earning the confidence, trust and respect of internal and external partners to achieve successful outcomes


 

Careers at UnitedHealth Group. We have modest goals: Improve the lives of others. Change the landscape of health care forever. Leave the world a better place than we found it. Such aspirations tend to attract a certain type of person. Crazy talented. Compassionate. Driven. To these select few, we offer the global reach, resources and can-do culture of a Fortune 6 company. We provide an environment where you're empowered to be your best. We encourage you to take risks. And we offer a world of rewards and benefits for performance. We believe the most important is the opportunity to do your life's best work.(sm)

 

Diversity creates a healthier atmosphere: UnitedHealth Group is an Equal Employment Opportunity/Affirmative Action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.     

 

UnitedHealth Group is a drug - free workplace. Candidates are required to pass a drug test before beginning employment.  


    
Job Keywords:  Finance, Financial, Quantitative Analysis, Risk, Assessment, Manager, Leader, Director, Minneapolis, Minnetonka, MN, Minnesota

Job Details

  • Contest Number742369
  • Job TitleDirector of Quantitative Assessment - Enterprise Risk - Minnetonka, MN
  • Job FamilyFinance
  • Business SegmentCorporate

Job Location Information

  • Minnetonka, MN
    United States
    North America

Additional Job Detail Information

  • Employee StatusRegular
  • ScheduleFull-time
  • Job LevelDirector
  • ShiftDay Job
  • TravelNo
  • Telecommuter PositionNo
  • Overtime StatusExempt

UnitedHealth Group is the most diversified health care company in the United States and a leader worldwide in helping people live healthier lives and helping to make the health system work better for everyone.

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