Location: Philadelphia,PA, USA
Our Risk & Analytics business falls under WTW's Corporate Risk and Broking Segment. The business supports an integrated approach to risk management by advancing the analytical broker. Simply put, our purpose is to reduce the likelihood of claims and the cost of incidents when they occur through a smart, technical approach to risk.
We are a group of risk experts, technologists, and quants, including over 165 actuaries, who work in partnership with WTW risk advisors. Our offerings include deep expertise on specific client needs, holistic analysis to bring value through a portfolio risk strategy, and remarkable innovation and automation of risk quantification to deliver a financial approach to all clients. We cover all things related to assessment of risk, optimization of risk financing and mitigation planning.
Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
The Role
We have an exciting opportunity as a Lead Associate within our North America Enterprise Risk Consulting practice, helping to secure and execute projects and build trust with our clients with a consulting practice that has grown rapidly over the last decade.
This role provides the candidate with an opportunity to join our Strategic Risk Consulting team as an Enterprise Risk Consultant with the opportunity to deliver and develop our ERM value proposition, while gaining exposure to a variety of clients and colleagues across WTW. The role is highly collaborative, working not only with clients and fellow ERM consultants, but also with climate specialists, statisticians, actuaries, workplace safety specialists, engineers, hydrologists, cyber experts and other specialists throughout WTW.
We currently work with some of the world's largest and complex organizations to assess and manage their strategic and financial risks. We also work with medium-sized organizations early in their ERM journeys. We work across many industries including Food & Beverage, Professional Services, Transportation and Logistics, Energy, Construction and Manufacturing. The role may involve frequent travel, depending on client preferences as well as conferences.
Principal Duties/Responsibilities:
We are seeking a motivated, trustworthy and solution-oriented individual to join our team. In this role, you will work closely with colleagues and clients to design and implement enterprise risk strategies. If you thrive on new challenges, enjoy questioning the status quo, and want to be part of a culture that fosters collaboration and creative problem-solving focused on strengthening and supporting our clients, this role is for you.
Responsibilities include:
* Proactively support ERM consulting projects that seek to advise clients at both Board and operational levels on their strategic risk management and ensure the delivery of superior client service. Projects will include:
* Identification and prioritization of enterprise risks, including creation of Risk Registers contemplating impact, likelihood, velocity, current controls and determination of Key Risk Indicators
* Conducting ERM maturity assessments, including governance, process and application
* Supporting the implementation of integrated strategic and operational risk management processes in complex decentralised global businesses
* Assuring good governance and oversight in reducing risk
* Quantification of risk and ROI of risk controls, working in partnership with cat/climate modelers, actuaries, statisticians and finance experts while using WTW modeling tools
* Work on projects in a way that ensures alignment to client objectives, builds trust around our recommendations, services and solutions, and adheres to WTW professional excellence standards
* The ability to travel on an as needed basis
The above list is intended to be as accurate a reflection of the role as possible. However, it may be revised from time to time if different tasks commensurate with the role, level of responsibility required evolves and/or when circumstances change.
The Requirements
* At least 4 years risk consulting or management consulting experience (other relevant experience considered), ideally with multi-sector exposure
* Some understanding of core business processes, associated risks, leading practice controls and principles of Enterprise Risk Management
* Experience in assessing, designing and implementing risk management programs, including governance, risk appetite and tolerance, assessment and mitigation strategies, monitoring and reporting, and integrating risk management with strategic and business planning processes
* Interest in climate, cyber and other enterprise risks
* Strong willingness and desire to learn and grow professionally
* Experience with proposal writing
* Excellent verbal and written communication skills
* Project management skills and ability to manage deadlines and exceed client expectations
* Intellectual curiosity to deliver insightful analysis on a variety of client challenges
* Ability to work collaboratively and support a positive team atmosphere
* Strong MS PowerPoint, Excel, Word and Power BI skills, with extensive experience creating and editing clear, concise and visually appealing client deliverables.
Compensation and Benefits
Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that base salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).
Compensation
The base salary compensation range being offered for this role is $95,000 - $115,000 USD per year.
This role is also eligible for [overtime], [an annual short-term incentive bonus], [a monthly incentive bonus], [compensation plan with commission-based bonuses] or [performance-based recognition awards].
Company Benefits
WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
* Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
* Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (Washington State only)
* Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). All Level 38 and more senior roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans. If Level 38 or more senior role is in Washington State, you must add the retirement benefits paragraph to the job description. Please note: Producer Sales roles are not currently eligible for the WTW Pension Plan.
EOE, including disability/vets
This position will remain posted for a minimum of three business days from the date posted or until sufficient/appropriate candidate slate has been identified.