Director of Enterprise Risk Management

Welcome to the University of Arkansas, a premier institution dedicated to academic excellence and community impact. We are currently seeking a highly qualified and experienced Director of Enterprise Risk Management to join our dynamic team. In this role, you will play a critical role in safeguarding the university's assets and reputation by identifying and managing potential risks across all areas of the institution. The ideal candidate will possess a strong understanding of risk management principles and practices, exceptional leadership and communication skills, and a passion for promoting a culture of safety and compliance. If you are a strategic thinker with a track record of success in risk management, we encourage you to apply for this exciting opportunity.

1. Develop and implement an enterprise risk management framework and strategy for the university, in line with industry best practices and regulatory requirements.
2. Identify potential risks and vulnerabilities across all areas of the institution, including academics, operations, finance, and reputation.
3. Work closely with department heads and stakeholders to assess and prioritize risks, and develop mitigation plans.
4. Conduct regular risk assessments and audits to monitor and evaluate the effectiveness of risk management processes.
5. Develop and maintain strong relationships with external partners and agencies to stay updated on industry trends and best practices.
6. Provide guidance and support to departments in the development of risk management policies, procedures, and training programs.
7. Collaborate with the legal department to ensure compliance with all relevant laws and regulations.
8. Lead a team of risk management professionals, providing mentorship, guidance, and performance evaluations.
9. Prepare and present reports on risk management activities and outcomes to senior leadership and the board of directors.
10. Continuously monitor and evaluate the effectiveness of risk management strategies and make recommendations for improvements.
11. Promote a culture of risk awareness and compliance throughout the university, through training and communication initiatives.
12. Monitor and manage insurance policies and claims, ensuring appropriate coverage for potential risks.
13. Develop and maintain emergency response plans and protocols to mitigate potential risks and ensure the safety of the university community.
14. Stay updated on emerging risks and trends in the higher education industry, and make recommendations for proactive risk management strategies.
15. Foster a collaborative and inclusive work environment within the risk management team.

According to JobzMall, the average salary range for a Director of Enterprise Risk Management in Fayetteville, AR, USA is $150,000-$200,000 per year. However, this can vary depending on factors such as the size and industry of the company, the individual's qualifications and experience, and the specific responsibilities and duties of the role. Some Directors of Enterprise Risk Management may earn higher salaries, up to $300,000 or more, while others may earn lower salaries in the range of $100,000-$150,000.

The University of Arkansas is a public land-grant, research university in Fayetteville, Arkansas. It is the flagship campus of the University of Arkansas System and the largest, best-known university in the state.