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Enterprise Risk Management Specialist, Principal

Blue Shield of California

Oakland, CA · Posted October 29, 2026

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About the job

Your Role

The Enterprise Risk Management (ERM) Team is responsible for the ongoing management and maturity of the ERM Program. The ERM Specialist, Principal will report to the Director, ERM. In this role you will have primary responsibility for the day-to-day execution of the ERM program, including but not limited to the Ascendiun Family of Companies risk identification, assessment, aggregation, and reporting leveraging the Company’s Governance, Risk, and Compliance tool. This role partners with business leaders across the Ascendiun Family of Companies to develop mitigation strategies and strengthen risk-informed decision-making, and supports effective oversight of risk matters by executive leadership and governance committees.

Your Work

In this role, you will:

Execute key ERM program deliverables, including the Enterprise Risk Assessment, Top Risk Profile, risk scenario modeling, Key Risk Indicator monitoring, risk register administration, and maintenance of all ERM policies, procedures, and frameworks.

Enhance qualitative and quantitative risk evaluation methodologies based on industry standards and best practices.

Partner with business risk owners to develop, document, and implement mitigation plans for identified risks.

Prepare timely, clear, concise, and high-quality risk reporting for the Board of Directors, its committees, and executive leadership. Enhance data-driven risk dashboards and metrics that provide actionable insights into the Company’s risk profile and emerging risk trends.

Review and assess the Company’s risk appetite and tolerance.

Oversee the preparation, maintenance, and filing of regulatory submissions (e.g., Own Risk and Solvency Assessment (ORSA) Report, Form F), as well as rating agency deliverables.

Provide second-line-of-defense risk management oversight, guidance, training, and coaching across the Company.

Participate in key governance forums and advise on the risk implications of new products, and/or changes to strategic initiatives.

Build trusted relationships with senior business leaders and key stakeholders.

Your Knowledge and Experience

Requires a bachelor’s degree or High School Diploma/GED and 4 years of additional relevant experience in lieu of a degree

Professional certifications (CPA, CIA, FSA/ASA or CFA) and additional degrees (MBA or JD) preferred

Requires 10 years of prior relevant experience

Requires mastery level knowledge of Enterprise Risk Management standards and processes.

Requires prior health insurance industry experience; additional experience in highly regulated industries such as finance/banking, pharmaceuticals, defense/aerospace, manufacturing, or energy/utilities is preferred.

Requires strong analytical skills with the ability to synthesize large volumes of qualitative and quantitative information into clear, executive-level risk narratives.

Requires executive presence with strong communication and presentation skills; proven track record to develop and deliver clear, concise reporting to senior management and executive governance forums.

Requires demonstrated intellectual curiosity and professional skepticism, including the ability to validate assumptions, examine underlying issues, and ask insightful questions that identify meaningful risk and opportunities.

Hybrid

This role requires employees to be in-office based on our hybrid workplace model, balancing purposeful in-person collaboration with flexibility. For most teams, this means coming into the office two days each week.

Employees living more than 50 miles from an office location will work with their manager to determine in-office time based on business need.