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Full-Time

Senior Manager

Enterprise Risk Management

Confirmed live in the last 24 hours

Hagerty

Hagerty

11-50 employees

Specialized insurance for classic cars

Consumer Goods
Automotive & Transportation

Senior

Remote in USA

Category
Risk Management
Finance & Banking
Required Skills
Communications
Management
Requirements
  • Four-year degree in Business or related field
  • Proven experience in Enterprise Risk Management and IT Risk Management
  • Consistent track record of building and implementing risk management frameworks and third-party risk strategies.
  • Excellent verbal and written communication skills
  • Ability to switch between work assignments quickly, and work under deadlines
  • Influence, educate and collaborate with senior leadership and cross-functional teams when building and developing risk programs
  • Operate with a supportive and responsive manner
  • Very strong analytical and critical-thinking skills, business acumen, research, and problem-solving abilities
  • Ability to collaborate with employees at all levels across the enterprise and in team settings
  • Ability to effectively prioritize and complete tasks in a fast-paced environment and emerging growth company
  • Experience in collaborating with and addressing executive teams, business management, and external teams
  • Ability to convey issues and ideas in both business-friendly and technical-friendly language
  • Ability to provide a financial assessment surrounding a risk is desirable (i.e., Enterprise Value Approach, FAIR methodology preferred)
  • Proficient in Microsoft Office (Word, Excel, Access, and Outlook)
  • Demonstrated knowledge of COSO ERM, ISO 32001 ERM, S&P ERM Framework and Third-party Risk Management subject areas
  • Knowledge of GRC platforms (i.e., Highbond/Diligent One, Service Now, AuditBoard)
  • Publicly traded company disciplines and regulatory knowledge (NYDFS, SEC, NAIC, BMA and international regulations)
  • Preferred professional certification in Certified in Risk and Information Systems Control - CRISC, CIA, CRMA or related RIMS or ARM – Associate in Risk Management, Third Party Risk Management Certification.
Responsibilities
  • Develop and implement the organization's ERM framework and strategy to align with the size and complexity of the enterprise
  • Develop and implement the organization's ERM framework including establishing and leading the Enterprise Risk Council.
  • Develop and align risk management guidelines, standards, and policies to report operational and strategic risks, and to meet minimum compliance and regulatory requirements including insurance and non-insurance requirements
  • Conduct annual risk assessment to support identification of key risks and support mitigation plans. (Strategic, Operational, Financial, Technology and Compliance)
  • Ensure the completion of minimum regulatory requirements are met related to risk management per National Association of Insurance Commissioners, Security Exchange Commission, Bermuda Monetary Association and International Regulations.
  • Develop and maintain Executive Risk Management Scorecards and Risk Profiles in partnership with risk owners across the enterprise
  • Monitor and report on the effectiveness of risk management activities and risk reporting to the CEO Group and Audit Committee.
  • Provide guidance and support to business units on risk management best practices.
  • Foster a risk-aware culture across the organization through training and communication.
  • Develop Governance, Risk and Control/Compliance (GRC) tool strategy for the organization by using existing GRC platform or other opportunities
  • Develop and maintain enterprise risk reporting for the risk council, executive group and Audit Committee.
  • Develop key relationships with IT leaders responsible for IT Governance, Risk and Compliance to ensure coordination between ERM and IT Risk Management is operationalized
  • Stay on top of critical initiatives / implementations for risk identification, risk mitigation strategies and overall reporting
  • Develop and promote plans for risk mitigation for key strategic and operational risks
  • Coordinate reporting with key enterprise leaders responsible for leading core Committees (i.e., Information Security Council, TPRM, Data Governance, etc.) to ensure unified reporting occurs to the Risk Council and CEO Group.

Hagerty specializes in services for classic and collector car enthusiasts, offering tailored insurance policies that consider the unique value and usage of vintage vehicles. Their insurance is designed specifically for classic car owners, providing better coverage and competitive rates compared to standard auto insurance. In addition to insurance, Hagerty has a membership program that includes benefits like roadside assistance, exclusive event access, and discounts on automotive products. The company also fosters a strong community through content creation, such as articles and virtual car shows, which helps engage car lovers and attract new clients. By focusing on the classic car segment, Hagerty distinguishes itself from competitors in the broader automotive market, aiming to serve a dedicated clientele that views their vehicles as investments and pieces of history.

Company Stage

IPO

Total Funding

$684.8M

Headquarters

Traverse City, Michigan

Founded

N/A

Growth & Insights
Headcount

6 month growth

29%

1 year growth

29%

2 year growth

29%
Simplify Jobs

Simplify's Take

What believers are saying

  • Hagerty's strategic hires, such as the former Amazon executive, signal a commitment to innovation and digital growth, potentially leading to new revenue streams and enhanced customer experiences.
  • The company's vibrant community and membership program, including events like HDC Days, foster strong customer loyalty and engagement, which can drive long-term growth.
  • Their involvement in high-profile events like Motorlux and partnerships with luxury brands and auctions can elevate Hagerty's brand prestige and attract high-net-worth clients.

What critics are saying

  • The niche focus on classic and collector cars limits their market size, making them vulnerable to economic downturns that affect discretionary spending.
  • Integrating new digital initiatives and leadership could face challenges, potentially leading to execution risks and strategic misalignments.

What makes Hagerty unique

  • Hagerty specializes exclusively in classic and collector cars, offering tailored insurance policies that consider the unique value and usage patterns of these vehicles, unlike standard auto insurers.
  • Their strong community engagement through content creation, events, and a membership program sets them apart from competitors who may not offer such a comprehensive ecosystem.
  • The recent hiring of a former Amazon executive to lead their Digital Marketplace and Valuation tools indicates a strategic focus on enhancing their digital offerings, which is a unique move in the classic car insurance market.