Head of Risk Management

Our client, a large oilfield services company, has an opportunity for a Head of Risk. This role is responsible for leading the company's risk mitigation initiatives, insurance programs, claims management, contractual risk transfer strategies, and enterprise-wide risk assessments. This leader serves as a trusted advisor to executive leadership, providing strategic guidance on operational, financial, legal, regulatory, and risks while ensuring the organization maintains effective risk governance, insurance protection, business resilience, and cost-of-risk management. What you will do: Lead the Company's Enterprise Risk Management program, in collaboration with the General Counsel, including risk identification, assessment, prioritization, mitigation, monitoring, and reporting activities. Develop and maintain enterprise risk governance frameworks, policies, controls, and reporting mechanisms to support sound risk management practices. Develop, recommend, and communicate the Company's risk appetite and risk tolerance framework in alignment with corporate strategy and business objectives. Oversee the design, implementation, and administration of risk insurance programs, including property, casualty, workers' compensation, and specialty coverages. Direct insurance renewals, policy placements, broker and carrier relationships, surety programs, captive insurance arrangements, and alternative risk financing strategies. Evaluate and recommend risk financing structures, including self-insured retentions, deductibles, and other risk transfer mechanisms. Provide oversight of claims management activities, including insured and self-insured losses, investigations, settlements, litigation support, recoveries, and reserve management. Analyze loss trends, claims data, insurance market conditions, and emerging risks to identify opportunities for risk reduction and cost containment. Develop and implement loss prevention and risk mitigation initiatives that improve operational performance and reduce the total cost of risk. Oversee the drafting, review, negotiation, and management of commercial contracts and legal documentation related to risk and insurance matters. Manage insurance advisors, brokers, consultants, third-party administrators, and other risk‑management service providers. Support mergers, acquisitions, divestitures, joint ventures, and other strategic transactions through risk assessments, insurance due diligence, and integration planning. Collaborate with Finance, Treasury, Internal Audit, Compliance, Human Resources, Operations, and commercial business leaders to strengthen enterprise risk oversight and controls. Ensure compliance with insurance, bonding, licensing, and risk‑related regulatory requirements across all jurisdictions in which the Company operates. Prepare and deliver executive and Board-level presentations regarding key risk exposures, insurance programs, claims activity, emerging risks, and mitigation strategies. Lead, mentor, and develop risk management personnel while overseeing consultants, third-party administrators, brokers, and external service providers. Lead special projects and strategic initiatives as assigned by executive leadership. Requirements: Strong expertise in risk management, commercial insurance, claims administration, contractual risk transfer, and surety obligations. Strong business acumen with the ability to balance legal, operational, and commercial objectives while managing risk. Exceptional analytical, negotiation, problem‑solving, decision‑making, organizational, and time management skills. Proven leadership experience managing risk management teams, cross‑functional initiatives, external stakeholders, and competing priorities in a fast‑paced environment. Excellent written and verbal communication skills, with the ability to influence and build relationships at all levels of the organization, including executive leadership, Board members, internal clients, and external partners. Proficient in Microsoft Office applications, including Outlook, Word, and Excel. Ability to perform effectively under tight deadlines while maintaining a calm, professional demeanor. Ability to work a full‑time schedule with occasional extended hours and business travel as required. Minimum Qualifications: Bachelor's degree in Risk Management, Finance, Business Administration, Law, Insurance, Accounting, or a related field. Minimum of 10+ years of progressive experience in corporate risk and claims management. Proven experience leading and developing employees and managing cross‑functional projects, teams, or initiatives. Strong knowledge of enterprise risk management principles, insurance markets, contractual risk transfer, claims administration, and regulatory compliance. Experience supporting mergers and acquisitions, strategic transactions, and complex commercial negotiations. Demonstrated ability to influence executive leadership and communicate effectively with Boards of Directors and senior stakeholders. Strong analytical, financial, negotiation, and problem‑solving skills. Preferred Qualifications: Post graduate degree, such as a Doctor of Jurisprudence (JD) from an American Bar Association-accredited law school or a Master's degree from a program relevant to the position. Professional designations such as ARM, CPCU, CRM, RIMS-CRMP, or equivalent. Experience supporting a publicly traded company preferred. Demonstrated experience overseeing insurance programs, claims administration, and enterprise risk management initiatives. Experience managing relationships with insurance brokers, carriers, third‑party administrators, and external legal counsel. #J-18808-Ljbffr The Edge Group