Under the direction of the Director, Risk Management Services, the Risk Management Specialist is an expert resource in all aspects of TRU's Risk Enterprise Risk Management (ERM) and Operational risk programs.
Leader in the risk management function through facilitating the identification of risks throughout the University; develops, reports, and monitors risk management issues; and develops methodologies for the assessment of risks and subsequent mitigation/exploitation of risks to advance the University's ERM framework
Responsible for developing policies, procedures and programs related to operational risk management throughout TRU in support of the University's academic and administrative programs and initiatives
Provides consultative advice on insurance-related matters liaises to senior university officials, faculty, staff and students, and liaises with various external parties including the University and College Insurance Protection Program (UCIPP), insurers, brokers, adjusters, outside legal services when handling insurable matters
MAJOR RESPONSIBILITIES Responsibility 1: ERM Program Development
Designs and implements the University's enterprise risk framework, management processes and tools necessary to identify, evaluate, mitigate, and monitor the University's operational and strategic risk thresholds through the application of best practice ERM frameworks such as: ISO 31000:2018
Ongoing management of TRU's risk maturity assessment and health checks with senior university officials, faculty and staff on matters related to ERM
Supervises qualitative and quantitative assessment of risks through data analysis
Undertakes risk management training and holds seminars to embed ERM best practices into operational units
Prepares risk management reports to the University's Audit Committee and/or Board of Governors
Builds collaborative working relationships with staff external to the department and external networks within area of specialization.
Independently initiates follow up on all action items and communications arising from the proceedings of ERM committee meetings and project meetings
Responsibility 2: Risk Management /Insurance
Coordinates property, liability and student insurance policies, and, if applicable alternative self-insurance programs. Assures timely renewals, policy issuances, providing underwriting data, and amends coverage as the University's exposure to risk changes.
Leads technical reviews of all insurance documents, including policies and endorsements, for accuracy
Conducts independent analysis of contracts and agreements entered into by the University with respect to indemnity, insurance and other risk-related provisions, reviews certificates of insurance, and makes recommendations for mitigating contractual liability and risk
Works closely with TRU General Counsel, Finance and other administrative units to identify areas of contractual/financial risk
Manages University certificates of insurance
Maintains and regularly updates the content on Risk Management web pages
Responsibility 3: Incident Management and reporting
Tracking incidents (of potential liability) and analyzing incidents for legal liability trends
Recommend corrective actions
Coordinating an interdisciplinary and multi departmental analysis when negative events occur
Providing a statistical analysis of incidents to report to the University's Finance and Audit Committee
Responsibility 4: Other duties as assigned & Day-to-Day Risk Management
At the request of the Director, performs other duties as assigned, including special projects.