VP of Risk Management

Title: VP of Risk Management, Balfour Beatty US Civils

As an industry leader Balfour Beatty offers employees a comprehensive benefits package with competitive salaries and more including:

• Medical, Dental, Vision and Life Insurance
• Health Savings Account
• 401(k) with company match
• Flexible Spending Accounts (Dependent & Medical Reimbursement)
• Vacation Time
• Sick Time
• Holidays

Salary/Budget: $225K-$250K

Location: Preferred location in Dallas, TX or Atlanta, GA.

Position Summary:

Highly adaptable individual with a strong risk management background to lead its enterprise risk management process. The individual will be responsible for guiding the business and ensuring its compliance with Balfour Beatty Group's Enterprise Risk Management (ERM) Framework and application of the Group Risk Management Process at business, functional, regulatory, and operational Levels. This includes supporting the Senior Leadership Team in their identification and management of assigned risks and upskilling the broader Balfour Beatty Civils US business in its understanding of risk management. This role will also include overseeing ongoing maintenance of a fraud risk assessment for the business and support on identification and ongoing review of internal controls in line with the Group Internal Control Framework, and expanding where required, to meeting regulatory requirements. This position works closely with senior management, internal and external contacts, and will be the SME for all Pre and Post-Bid Risk matters, including, but not limited to: Bid Reviews, RFQ's, RFP's, Insurance, Bonding, LOC's, and communications with joint-venture partners.

Responsibilities:

• Develops a process for identifying, reviewing, assessing, monitoring, and challenging all business, functional, regulatory, and operational risks.
• Supports in the ongoing review and update of the US Strategic Risk Register
• Supports Divisions and Functions in their ongoing review and update to Strategic Risk profiles and escalation of any risks to the US Risk Register
• Chairs the Strategic Risk Management Committee (SRMC)
• Establishes the agenda and objectives of the Strategic Risk Management Committee
• Supports the implementation of the ERM framework, processes, and tools across the portfolios including attendance and presenting at assigned forums on operational risk profiles
• Supports the development of a Fraud Risk Assessment for the Civils US business, ensuring ownership of high-level risks are effectively allocated across the business and integrated into Business and Function Risk Profiles
• Supports the identification, documentation and ongoing review of Internal Controls as part of the Group Internal Control Framework
• Works with internal stakeholder groups such as Operational Assurance, US Internal Audit and Ethics and Compliance teams to support identification of common findings/ control gaps across the Civils business and provide advice to Management on where risk may be presented
• Provide support on and be the key point of contact for Civils US with the Group Risk Management team on the use and ongoing maintenance of the IRIS Enterprise Risk Management System
• Responsible for cascading effective Enterprise Risk Management standards and processes throughout the BBI US organization
• Responsible for training on the implementation of the ERM framework, risk identification, control identification, processes, and tool
• Facilitates risk workshops on an ad hoc basis
• Contributes to the development of new policies, concepts, techniques, and standards. Considered an expert in the field within the organization.
• Provides insight to new Group requirements, regulatory requirements, and trends that could impact the organization.

Essential Job Functions

• Provide prequalification and bid materials to Willis bond team for review
• Obtain insurance quotes for coverages outside standard programs
• Coordinate the execution and delivery of bid bonds
• Coordinate as needed with JV partner(s)
• Project Insurance and Bond support
• Coordinate delivery/execution of needed bonds
• Obtain needed Certificates of Insurance (COI)
• Review as needed sub's COI's
• Review as needed sub's bonds
• Review any sub proposed contract revisions
• Insurance Claims
• Oversee reporting, investigation, and resolution of insurance claims (including Workers Comp., General Liability, Auto, etc.)
• Obtain information as needed for insurer claim reps
• Review progress/status of claims
• Conduct quarterly claim reviews with carrier claim reps
• Review reserve changes and settlement authority requests
• Coordinate the allocation and payment of monthly loss billings
• Track and monitor progress on first party claims
• Sharing 'Lessons Learned' from experience with senior managers
• Insurance Program Renewals
• Collect needed exposure data from Regions
• Combine and assemble exposure data for annual renewals
• Respond to questions and provide additional information requested
• Meet with broker and insurers as needed
• Review renewal quotes/pricing and select best option(s)
• Advise BBII management team on status and expected changes in rates or program structure
• Obtain actuarial review of claim data
• Determine new allocated rates and advise team
• Review, approve and process invoices - review and OK allocations on shared programs
• Coordinate the distribution of fresh COI's
• Coordinate reporting as needed with monopolistic state insurance programs
• Bond Program
• Provide data as needed on results, financials, job status, backlog
• Provide rate information to Regions
• Attend meetings with sureties - Peer Review; Annual Update
• Check, approve and process invoices on P&P, misc. and project close-outs
• Obtain needed miscellaneous bonds (permits, release/judicial, license, etc.)
• Maintain schedule of bond approval authority levels
• Letters of Credit
• Obtain and maintain LOC's as needed - coordinate with UK Treasury Dept.
• Approve, allocate and process quarterly LOC invoices
• Maintain files on LOC's
• Obtain amendments or other changes as needed
• Allocate BBII's share of surety program LOC cost to projects as new P&P bonds are issued
• Enterprise Risk Management (Risk Registers)
• Assist in developing and reporting Enterprise (ERM) Risk Register, for UK requirements
• Track and maintain remaining NECC life insurance policies - redeem policies as they mature
• Issue updates and guidance as needed on Gated Lifecycle procedures - authorities

Eligibility Requirements

• Ten (10) years of related experience in Enterprise Risk Management
• An understanding of risk and control processes and application in medium to large organizations
• Ability to engage Senior management with good interpersonal and influencing skills at all levels of the business
• Experience in US government regulations and compliance
• Build and maintain relationships with multiple stakeholder communities
• Ability to work in a team environment on broader strategic initiatives as well as individual delivery of specific deliverables, achieving solutions sometimes under time pressure
• A team player, willing to contribute to the development of the function
• A self-starter who can manage their own time and proactively seeks and executes activities that contribute to the development of the function
• Attention to detail and ability to see tasks through to completion
• Capability and experience in facilitation skills
• Competent delivery of reports - both orally and written
• Proficient in Office 365 applications

Typical Physical Demands and Work Conditions

Regularly uses hands to manipulate phones, computer keyboard and similar tools. Ability to view computer screens, mobile devices, and other electronic equipment, for extended periods of time. Sit and stand to perform administrative work. Regularly lift and move office supplies up to 20 lbs.

Work is performed in an office environment.

About us

Balfour Beatty US is an industry-leading provider of general contracting, at-risk construction management and design-build services for public and private sector clients across the nation. Performing heavy civil and vertical construction, our teams build the unique structures and infrastructure that play an important role in how people live, work, learn and play in our communities. Our teammates have an instinctive passion for innovating that is fueled by a relentless curiosity, a drive to employ lean practices and processes and the determination to find a better way. Through Zero Harm, we are challenging the construction industry's assumptions about safety. We believe that no level of harm should come to anyone as a result of our business.

Consistently ranked among the nation's largest building contractors by Engineering News-Record, our US business is a subsidiary of London-based Balfour Beatty plc (LSE: BBY).

Balfour Beatty is an equal opportunity employer that recognizes the value of a diverse workforce. All qualified individuals will receive consideration for employment without regard to race, color, age, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, genetic information, or any other criteria protected by federal, state or local law.

Accessibility: If you need an accommodation as part of the employment process, please contact Human Resources at:

Phone: (214) 468-4700

Email: BBTalent@balfourbeattyus.com

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

View your Equal Employment Opportunity rights under the law:

"Know Your Rights" Poster

Pay Transparency Notice