UnitedHealth Group Quantitative Assessment Director - Enterprise Risk Management in Milwaukee, Wisconsin

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.

The top candidate for this role will be an independent, critical thinker, with the personal presence to bolster the franchise of Enterprise Treasury’s ERM role with senior executive business and functional management. They will provide evidence of accomplishment of goals through formal or informal channels; resilience in overcoming obstacles; and ability to influence others to drive for results. They will have a 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.

Primary Responsibilities:

  • Working with business and functional senior executive risk owners to more quantitatively assess 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

  • Clearly communicating results of quantitative, statistical analysis to business and functional senior executive management in terms that are readily understood, i.e., in plain English. Demonstrating to senior executive management how the model results can be used to allocate resources (human and financial capital) to mitigate risk (cost benefit analysis)

  • Conducting root cause analysis

  • Working with designated senior executive business and functional risk owners and SMEs to:

  • Identify and understand key risk drivers for qualitative risks and apply experience and judgment to model potential loss exposures for “hard to quantify” risks

  • 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

  • Apply 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 and explaining to internal senior executives, regulators and credit rating agencies the stochastic modeling of both quantitative and qualitative risks and how to interpret and use the results to further the understanding of potential loss exposures (what could happen and how likely it is to happen) as well as to support future regulatory and/or internal 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

  • Business experience, including complex financial and/or statistical modeling experience

  • 5+ years of experience with statistical methods, and using statistics to communicate risk metrics

  • Experience building quantitative models and analyzing results

  • 5+ 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

  • 10+ years of successful business experience, including complex financial and/or statistical modeling experience

  • Regulated financial institution, insurance or managed healthcare industry or health services experience

  • Risk management and audit standards experience

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: ERM, Enterprise Risk Management, Finance, Quantitative, Director, Leader, Consultant, Minneapolis, Minnetonka, MN, Minnesota