Business Risk and Insurance Manager

Global Treasury Financial Services (GTFS) mission is to enable our customers and partners to achieve more by accelerating their digital transformation with innovative financial solutions and to optimize our cash. We are a compliance first organization with customer obsession and deal economics focus. We support $130B in trade receivables and $11B in payment solutions per year globally.

The Business Risk & Insurance team is looking for an experienced finance/business professional who is passionate about analyzing business risk, is data driven, enjoys working through challenging business scenarios, and can deliver insights to drive timely decision making and support Microsoft risk framework. You will work in a dynamic and fast-paced environment in a truly global role. This role is a solution-oriented position, with a need for sound judgment to select methods and techniques for risk mitigation.

The Business Risk and Insurance Manager will support the business risk team and will collaborate with external insurance brokers to provide an effective risk mitigation evaluation framework. The Business Risk and Insurance Manager oversees technical contract reviews and program risk assessments, and ensure appropriate insurance placement for Microsoft. The Business Risk and Insurance Manager will work closely with the Director of Business Risk & Insurance in managing insurance programs and staying up-to-date with emerging risks. This role will be responsible for assessing, developing,?and monitoring Microsoft's insurance programs and partnering with internal stakeholders to ensure their success.

Microsoft's mission is to empower every person and every organization on the planet to achieve more. As employees we come together with a growth mindset, innovate to empower others, and collaborate to realize our shared goals. Each day we build on our values of respect, integrity, and accountability to create a culture of inclusion where everyone can thrive at work and beyond.

Responsibilities

• Reviews insurance requirements for contractual agreements, providing feedback to business stakeholders to understand the risks involved in changes in insurance requirements

• Partners with internal stakeholders to develop risk transfer programs with a compliance focus

• Develop risk renewal strategies and insurance program structures that align with organization's risk tolerance, which include captives, self-insurance, risk transfer, and other methods

• Directs insurance placement and policy review, overseeing activities of the insurance broker, ensuring timely delivery of expected deliverables and outcomes

• In collaboration with Director of Business Risk & Insurance and additional internal stakeholders, performs analysis to quantify financial impacts of existing and emerging risk exposures, recommending actions for mitigation through insurance as appropriate

• Utilize and develop analytics, including benchmarking and other metrics, to evaluate loss trends, working with insurance brokers to understand the total cost of risk

• Drives relationships with stakeholders for assigned insurance programs and setting innovative strategies and supports related claims management

• Participates in?Mergers and Acquisitions (M&A) transactions, aiding the M&A team with review of integration plans from an insurance perspective

• Manage and evaluate policy-term changes in risk and exposure, coordinating with other Risk Managers, Director of Business Risk & Insurance, and other stakeholders as needed

• Review renewal and mid-term certificate of insurance requests and coordinate with insurance brokers for issuance

• Ensure effective documentation of all related policies, processes and governance is maintained

Qualifications

Required/Minimum Qualifications:

• 6+ years experience in Risk Management, Privacy, Security, Compliance, Government Intelligence, Operations, Auditing, and/or Finance

• OR Bachelor's Degree AND 4+ years experience in Risk Management, Privacy, Security, Compliance, Government Intelligence, Operations, Auditing, and/or Finance

• OR equivalent experience.

Preferred Qualifications:

• Prior experience with corporate risk management.

• Problem solving, analytical and project management skills are preferred, as this position will have responsibility for complex projects where the ability to influence others will be essential

Risk Management IC4 - The typical base pay range for this role across the U.S. is USD $91,800 - $178,800 per year. There is a different range applicable to specific work locations, within the San Francisco Bay area and New York City metropolitan area, and the base pay range for this role in those locations is USD $117,900 - $195,000 per year.

Risk Management IC5 - The typical base pay range for this role across the U.S. is USD $112,200 - $194,800 per year. There is a different range applicable to specific work locations, within the San Francisco Bay area and New York City metropolitan area, and the base pay range for this role in those locations is USD $142,200 - $213,200 per year.

Certain roles may be eligible for benefits and other compensation. Find additional benefits and pay information here:

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Microsoft is an equal opportunity employer. Consistent with applicable law, all qualified applicants will receive consideration for employment without regard to age, ancestry, citizenship, color, family or medical care leave, gender identity or expression, genetic information, immigration status, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran or military status, race, ethnicity, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable local laws, regulations and ordinances. If you need assistance and/or a reasonable accommodation due to a disability during the application process, read more about requesting accommodations (~~~) .