Enterprise Risk Management Leader, Heritage Group Holdings Company

Enterprise Risk Management Leader, Heritage Group Holdings Company

Job Description

The leader of The Heritage Group's Enterprise Risk Management (ERM) function will report to the Chief Financial Officer of The Heritage Group (THG). The ERM function is responsible for driving a sustainable competitive advantage through the thoughtful balance of entrepreneurial and risk control and risk transfer activities. This role will have oversight and management of enterprise risk for The Heritage Group and will lead the Enterprise Risk Committee, which is comprised of representatives from THG's operating companies as well as THG staff functions.

This role will be responsible for ensuring THG is adequately assessing, prioritizing and mitigating select forms of enterprise risk as needed to continue to create enduring value at an agreed-upon risk tolerance set by the THG CEO and CFO. Enterprise risks include, but are not limited to, strategic, operational, financial, legal, regulatory, and reputational risk. Operational risks (process and physical safety) are top priority for every THG business. This role currently has no direct reports and works closely with the business and risk leadership around the organization. Over time, THG wishes to further engage in building best practice risk management throughout the organization, led by the efforts of this ERM leadership role.

THG seeks an enterprise risk leader who has experience working in a diverse set of industries that exhibit complex environmental and industrial risk profiles. This individual will need to have experience building and driving consensus for change in highly vulnerable topics of risk identification, tolerance, mitigation, and ownership.

The current ERM leader is the first in this role for THG and has developed an ERM program considered fit-for-purpose utilizing common elements and benchmarking as necessary to meet the needs of THG while supplying limited shared services to THG operating companies. The operating companies are responsible for results in enterprise risk, safety and compliance with limited support and guidance from THG.

This role, as it evolves, will assess and enable accountability within the businesses and functions for the most important types of risk across THG, including cybersecurity risk. Specific to broader enterprise risk, there is and will be a higher degree of oversight and support from THG, with the ERM role focused on the key areas of value creation in safety, process management and acquisition, partnership, and environmental risk management.

The leader will serve as a subject matter expert counseling THG business leaders in complex situations, including business deal negotiation and other strategies related to third parties and agencies to create added value and/or reduce liability. The ERM leader will provide root cause assessments of significant events.

The ERM committee includes representation from across THG's operating companies and major functions focused on monitoring, assessing and determining key risks across THG. A core tenet of current ERM is and will be that the number of layers of protection and related activities is to be directly proportional to the risk.

THG is looking for a leader who seeks to engage, understand, listen, and then evolve the ERM risk function based on future business strategy, a deep understanding of the current state, and experience and knowledge of best practices within a privately held, diverse holding company. As the organization has grown, the ERM function developed, and the risk committee matured, it is time to clarify further the desired lines of authority vs empowerment, ownership of risk, enforcement of risk management and compliance and where legal responsibility lies in a complex holding company structure.

The person in this role will need to lead toward a consistent process to define and prioritize risk across the enterprise where possible and ensure individual solutions for areas of competitive advantage for a business. A new leader will need to be capable of influencing without direct-line-reporting authority the evolution of the model to provide clarity and accountability for risk management in the appropriate places in the organization. In addition, the ERM leader will spend time with the leadership team to ensure an understanding of evolving business strategy and determine when mitigation strategies need to be put in place against THG's top risks.

About The Heritage Group

Founded in 1930, The Heritage Group (THG) is a fourth-generation family-owned business managing a diverse portfolio of companies specializing in heavy construction and materials, sustainability and environmental services, and specialty chemicals. With more than 5,000 employees and 30 operating companies worldwide, THG aims to build a safer, more enriching, and sustainable world by harnessing the power of family.

The Heritage Group welcomes the diverse backgrounds, experiences, and perspectives of all to work together to accomplish our goals.

Responsibilities

• Partner with business, compliance, and risk leaders to improve effectiveness and efficiency of risk management activities
• Develop and implement additional value-added ERM initiatives that support THG's overall risk management objectives
• Develop the conceptual approach and implement a strategic risk management framework
• Collaborate with stakeholders to more fully develop and articulate the company's risk management framework including clarifying roles and responsibilities of three lines of defense and developing and implementing an approach to manage risk within the company's risk tolerance
• Support leadership with the implementation of the ERM Framework in order to establish an effective risk-based system to identify, measure, monitor, and control enterprise-wide risks
• Implement and maintain a risk control self-assessment system for ERM
• Build, maintain and enhance relations with functional, safety, compliance, legal and business heads for a collaborative and business-specific risk management approach
• Aid THG leaders in acquisition due diligence and negotiation related to risk and regulatory matters and related strategies.
• Mentor and develop leaders across THG in risk management and mitigation strategies, including operating leaders, risk management personnel, and individuals in potential succession to the ERM leadership role over time.

Qualifications

• Highest degree of integrity and ability to gain and hold trust with a variety of stakeholders.
• Strong technical expertise in highly regulated industries, preferably including industrial, chemical, environmental and construction-related environments and in across functional areas in an organization.
• Experience across a range of business sizes as THG's portfolio includes start-up companies and multi-billion-dollar companies.
• Strong relationship builder.
• Strong ability to influence without authority, resulting THG-wide accountability.
• Seeks input from Stakeholders & inspires collaboration, yet is decisive when and as needed
• Strong communication skills to educate, inform and explain risk decisions across a variety of stakeholders
• Navigate & promote learning from incidents
• Experience standing up and evolving ERM programs across varied types of industrial environments and organizational structures
• Enjoys developing and mentoring people
• Desire to operate in a private, family-held environment with appreciation for the level of confidentiality required.

Current Openings for Enterprise Risk Management Leader, Heritage Group Holdings Company Jobs at The Heritage Group