Avp, Operational Risk

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for an Assistant Vice President, Operational Risk to join our North America Risk team.

As an Assistant Vice President, Operational Risk, you will be supported by the wider Group Risk Function comprising several centers of core risk competency including exposure management, ERM and reporting, operational risk management, risk modelling and validation/research. Each of these global teams are led by experienced risk professionals who are charged with establishing best practices, developing global capabilities, and providing group-wide support.

Location: This position will be based out of our New York, NY office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Our business, your impact, our opportunity:

What you'll be doing:

Operational Risk

• Lead the North America RCSA process across underwriting, claims, operations, and support functions, ensuring quality and completeness of risk registers and self-assessments. Provide training and expert guidance on the GRC system.

• Manage the risk incident process, overseeing root cause analysis, impact assessments, and documentation to mitigate operational risks.

• Deliver 2nd line assurance and monitoring for strategic growth initiatives and key projects, proactively managing risks.

• Develop and present operational risk reports and dashboards to regional executives, highlighting key risks and trends to support decision-making.

• Lead governance and control reviews to strengthen controls and ensure compliance.

• Collaborate with internal control functions, including Internal Audit and Compliance, aligning on annual assurance plans and enterprise risk activities.

ERM & Reporting

• Lead preparation of annual U.S. and Canada ORSA reports with supporting analysis to meet regulatory expectations.

• Maintain local risk policies aligned with group standards to comply with U.S. and Canadian regulations.

• Own the North America Material Risk Register, engaging senior leadership in risk identification and mitigation.

• Support compliance with OSFI, U.S. State, and NAIC regulations, managing filings and responding to updates.

• Assist in delivering ERM training programs to promote risk awareness organization wide.

• Partner with the North America CRO on business plan risk reviews, executive and board risk reporting, and key risk initiatives.

What you'll bring:

• Minimum of 5 years' experience in a comparable risk management or consulting role within the Commercial P&C insurance sector.

• Deep understanding of risk management regulatory requirements and industry best practices.

• Bachelor's or advanced degree in a technical or relevant field, with strong specialist risk expertise, professional knowledge, and financial acumen. Professional designations are preferred.

• Proven ability to identify, assess, and manage risks and issues across a diverse portfolio of products and geographies simultaneously.

• Comfortable working efficiently under pressure, both independently and collaboratively, consistently delivering accurate results within tight deadlines.

• Excellent report writing skills with the ability to clearly communicate complex technical information to varied audiences.

• Strong influencing and relationship-building skills, facilitating effective collaboration across departments and regions.

• Energetic, determined, and adaptable, thriving in a fast-paced environment with a commitment to continuous learning and business understanding.

Salary Range: $165,000 - $185,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.

Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:

• Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution

• Pharmacy benefits with mail order options

• Dental benefits including orthodontia benefits for adults and children

• Vision benefits

• Health Care & Dependent Care Flexible Spending Accounts

• Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children

• Company-paid Disability benefits with very competitive salary continuation payments

• 401(k) Retirement Savings Plan with competitive employer contributions

• Competitive paid-time-off programs, including company-paid holidays

• Competitive Parental Leave Benefits & Adoption Assistance program

• Employee Assistance Program

• Tax-Free Commuter Benefit

• Tuition Reimbursement & Professional Qualification benefits

In today's world, what do we stand for?

Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.

Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone's unique contributions - we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.