Associate Vice President, Risk Measurement, Governance & Reporting

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The Associate Vice President, Risk Measurement, Governance & Reporting leads the design, implementation, and ongoing operation of enterprise risk measurement, governance, and reporting capabilities within Enterprise Risk Management. Reporting to the Vice President, Enterprise Risk Management, this leader translates the ERM strategy, risk appetite, and governance model established by ERM leadership into practical methodologies, standards, operating routines, and decision-ready insights.
This role owns the day-to-day operation of enterprise risk measurement, governance, and reporting, including risk measurement methodologies, governance administration, enterprise risk reporting, risk appetite monitoring, and related standards. The role partners closely with business and functional leaders, risk owners, Finance, Compliance, Technology, Internal Audit, Resilience, and other stakeholders to improve the consistency, comparability, and usefulness of risk information across the organization through effective governance, independent second-line oversight, and constructive challenge.

Key Responsibilities

Risk Measurement and Methodology

• Design, maintain, and operationalize enterprise methodologies used to identify, assess, measure, prioritize, aggregate, and monitor risk across risk categories and business functions.
• Translate approved risk appetite statements into measurable tolerances, thresholds, indicators, and monitoring routines.
• Establish practical standards for key risk indicators, key control indicators, risk scoring, trend analysis, scenario analysis, and risk aggregation.
• Promote consistent application of measurement methods while allowing proportionate approaches based on risk type, available data, and decision need.
• Partner with Finance, analytics, technology, and risk owners to use existing operational, financial, customer, technology, and compliance data to strengthen risk insight and reduce manual reporting.
• Identify measurement gaps and recommend priorities for improved data, analytics, monitoring, or methodology.

Second-Line Governance and Oversight

• Operate the enterprise risk governance model and supporting routines established by ERM leadership.
• Provide independent second-line oversight and constructive challenge regarding the quality, completeness, consistency, and timeliness of risk identification, assessment, response, monitoring, and escalation.
• Maintain and continuously improve the enterprise risk taxonomy and related classification standards to support consistent risk aggregation and reporting.
• Establish and administer governance processes, committee support, decision rights, escalation pathways, and accountability mechanisms for the assigned portfolio.
• Clarify and reinforce first-line ownership of risk and second-line responsibilities for oversight, challenge, aggregation, and reporting.
• Monitor adherence to applicable ERM policies, standards, and governance expectations; identify material gaps and elevate significant issues through established channels.
• Partner with risk stripe and functional leaders to improve alignment across risk programs without displacing their subject-matter ownership.

Enterprise Risk Reporting and Decision Support

• Lead the development and production of enterprise risk reporting, dashboards, analyses, and materials for executive leadership and governance committees.
• Develop clear risk narratives that explain exposure, trend, concentration, interdependency, emerging risk, response status, and changes in enterprise risk posture.
• Integrate quantitative and qualitative information into decision-ready views that support prioritization, resource allocation, and strategic and operational decisions.
• Establish reporting standards, data definitions, quality checks, and repeatable production processes that improve consistency and confidence in enterprise risk information.
• Coordinate with the Vice President, Enterprise Risk Management on executive and Board-level messaging, significant escalations, and interpretation of enterprise risk posture.
• Partner with analytics and technology teams to automate data collection, monitoring, workflow, and reporting where practical.

Program Leadership and Stakeholder Engagement

• Lead execution of assigned ERM transformation priorities and convert strategic direction into sustainable operating capabilities.
• Maintain policies, procedures, methodologies, standards, and guidance supporting risk measurement, governance, and reporting.
• Support enterprise risk assessments and the development of governance and measurement capabilities for emerging and evolving risks.
• Advise business and functional leaders on applying ERM standards in a practical, proportionate, and business-focused manner.
• Lead, coach, and develop team members responsible for governance administration, risk measurement, analytics, reporting, and program support.
• Promote risk-informed decision making through stakeholder engagement, training, consultation, and clear communication.

Decision Rights and Role Boundaries

• Owns the design and operation of assigned ERM measurement, governance, and reporting processes within the strategy, risk appetite, policy framework, and priorities established by Enterprise Risk Management.
• Sets working standards, methods, reporting requirements, and operating routines for the assigned portfolio, subject to established approval authorities.
• Provides second-line review, challenge, and escalation, but does not assume first-line ownership of business risks, controls, remediation, or operating decisions.
• Recommends material methodology, taxonomy, risk appetite, governance, and reporting changes to the Vice President, Enterprise Risk Management for approval or broader governance action.
• Coordinates executive and Board-facing content with the Vice President, Enterprise Risk Management and other accountable leaders.

Measures of Success

• Enterprise leaders receive timely, concise, and decision-useful risk reporting that clearly communicates changes in exposure and required action.
• Risk assessments, indicators, thresholds, and reporting use consistent definitions and methods across the enterprise.
• Material risk issues and changes in risk posture are identified, challenged, and escalated through established governance channels.
• Risk appetite is translated into measurable monitoring practices that support clear accountability and informed decisions.
• Risk data and reporting processes become more reliable, repeatable, efficient, and increasingly automated.
• First-line risk owners understand and fulfill their responsibilities, while second-line oversight remains independent, credible, and proportionate.
• ERM governance and measurement practices demonstrate practical business value without creating unnecessary process burden.
• The team builds durable capabilities, clear documentation, and effective partnerships across risk and business functions.

Use your skills to make an impact

Required Qualifications

· Bachelor’s degree.

• Minimum 10 years of progressive experience in enterprise risk management, operational risk, governance, risk measurement, risk reporting, compliance, internal audit, analytics, finance, or a related discipline.
• Minimum 5 years of leadership experience managing teams, enterprise programs, or cross-functional initiatives.
• Demonstrated experience designing or operating risk measurement, risk appetite, governance, reporting, or risk analytics capabilities in a complex organization.
• Strong understanding of enterprise risk management frameworks, the three lines model, governance practices, risk assessment methods, and executive reporting.
• Experience developing key risk indicators, thresholds, dashboards, risk narratives, and management reporting.
• Demonstrated ability to translate complex risk and data concepts into clear, actionable business insights.
• Strong judgment, stakeholder management, influence, facilitation, written communication, and executive presentation skills.
• Ability to balance effective oversight and challenge with practicality, proportionality, and business value.

Preferred Qualifications

• Experience in healthcare, insurance, financial services, or another highly regulated and complex industry.
• Experience partnering with Finance, actuarial, analytics, technology, compliance, audit, or business teams on enterprise risk measurement and reporting.
• Working knowledge of capital, financial, operational, strategic, technology, third-party, and resilience risk concepts; deep actuarial specialization is not required.
• Experience modernizing risk data, workflow, dashboarding, or reporting capabilities.
• Advanced degree or relevant professional certification in risk, finance, audit, analytics, or a related field.

Leadership Profile

A pragmatic enterprise leader who can build structure from ambiguity, establish credible second-line challenge, and convert complex risk information into clear decisions. The successful candidate combines strong governance discipline with an operator’s mindset, works effectively through influence, and understands when to standardize, when to tailor, and when to escalate.

Scheduled Weekly Hours

40

Pay Range

The compensation range below reflects a good faith estimate of starting base pay for full time (40 hours per week) employment at the time of posting. The pay range may be higher or lower based on geographic location and individual pay will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.$168,000 - $231,000 per yearThis job is eligible for a bonus incentive plan. This incentive opportunity is based upon company and/or individual performance.

Description of Benefits

Humana, Inc. and its affiliated subsidiaries (collectively, “Humana”) offers competitive benefits that support whole-person well-being. Associate benefits are designed to encourage personal wellness and smart healthcare decisions for you and your family while also knowing your life extends outside of work. Among our benefits, Humana provides medical, dental and vision benefits, 401(k) retirement savings plan, time off (including paid time off, company and personal holidays, paid parental and caregiver leave), short-term and long-term disability, life insurance and many other opportunities.

About Us

About Humana: Humana Inc. (NYSE: HUM) is a leading U.S. healthcare company. Through our Humana insurance services and our CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health – delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare and Medicaid, families, individuals, military service personnel, and communities at large. Learn more about what we offer at Humana.com and at CenterWell.com.

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Equal Opportunity Employer

It is the policy of Humana not to discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or protected veteran status. It is also the policy of Humana to take affirmative action, in compliance with Section 503 of the Rehabilitation Act and VEVRAA, to employ and to advance in employment individuals with disability or protected veteran status, and to base all employment decisions only on valid job requirements. This policy shall apply to all employment actions, including but not limited to recruitment, hiring, upgrading, promotion, transfer, demotion, layoff, recall, termination, rates of pay or other forms of compensation and selection for training, including apprenticeship, at all levels of employment.

Originally posted on Himalayas