Operational Risk Manager

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POST DATE 9/2/2016
END DATE 12/19/2016

MGIC Milwaukee, WI

Milwaukee, WI
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Full Time
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We are MGIC, a Milwaukee based, national leader in the mortgage insurance industry and a multiple Top Places to Work award winner. An exciting opportunity exists at our Downtown Milwaukee Headquarters location for an Operational Risk Manager working with the Risk team.


Responsible for developing, planning, and directing programs to ensure material operational risks are identified and company-wide controls are effective and consistent.

In conjunction with senior management, defines and establishes MGIC's operational risk management (ORM) framework. Works directly with business unit leaders to identify, assess and quantify inherent material operational risks, consider alternative risk mitigation strategies and guide the selection of cost-effective solutions that result in an acceptable level of residual risk. Develop policies, procedures, and key risk indicators (KRIs) for measuring, monitoring, mitigating, and reporting weaknesses identified through Risk Control Self-Assessments (RCSAs). Establishes a corporate-wide system for tracking and managing ORM issues and action plans. Designs and conducts periodic independent risk assessments of business units for compliance with developed action plans. Partners with MGIC's Internal Audit Department to drive a culture of risk awareness and proactive risk identification and provides subject matter expertise to senior management and business unit leader throughout MGIC.


The successful candidate will have a Bachelor's degree along with more than 10 years experience in risk assessment and internal control principals. Additional years of related work experience may be substituted for education beyond an Associates' Degree. Required knowledge includes industry best practice for organization risk management identification, mitigation, controls and effective measurement and reporting thereof, with mortgage industry knowledge a plus. Required experience includes extensive project management, development/redesigning of processes, business and process flow analysis, strong communications skills, and demonstrated strong leadership experience.

MGIC offers a comprehensive benefit package which includes medical and dental insurance, pension, profit sharing and 401(k) savings. We offer an on-site fitness center, wellness initiatives and a business casual dress policy.

We are proud to be an Equal Opportunity Employer. We maintain a drug-free workplace and perform pre-employment background and substance abuse testing.

MGIC is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.