Enterprise Risk Management Specialist, Principal
Blue Shield of California
Oakland, CA · Posted October 29, 2026
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Where Oakland, CA ranks
Where Oakland, CA placed in our monthly rankings, month by month. Each month stays online at its own address.
November 2026
- #2Cities with the most hybrid jobs34% · of 100
- #2Cities with the most hybrid jobs in the West Coast34% · of 66
- #7Best all-round cities for remote workers in the West Coast72 / 100 · of 39
- #9Best cities for director and executive jobs in the West Coast23% · of 71
- #10Best cities for energy and utilities jobs86 openings · of 27
- #11Best cities for engineering pay after cost of living$187k · of 94
Rankings about finance jobs
- Best cities for finance jobs #1 New York (1,932 openings)
- Best cities for finance pay after cost of living #1 San Mateo ($162k)
- Most requested AI skills in finance jobs #1 AI tools in daily work (4.3%)
- AI tools named most often in finance jobs #1 Claude (0.55%)
- Employers with the most finance jobs #1 Amazon (475 roles)
How AI is used in this kind of work
Among financial risk specialists, AI is already used for some of the tasks. Measured exposure for financial risk specialists: 26% (some).
Share of this job’s tasks that AI is already used for at work, from real usage. It is not a forecast of job loss, and a low number means no use seen yet. Source: Anthropic Economic Index.
Blue Shield of California has filed 8 layoff notices in the last twelve months, covering 60 workers, most recently August 2026. These are public filings with state labor departments, and an open role can sit alongside them. See the filings
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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.