Director, Bond and Risk Management

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This position plays a pivotal role in helping to ensure Allied Solutions Bond division’s long-term success and financial well-being of carrier relationships by efficiently and effectively executing risk management expertise and working to help proactively identify, measure, monitor, and control risks that may impact claims experience. The position aims to improve risk management practices throughout the bond department while working with key stakeholders, such as policyholders, bond team members and insurance carriers to strike the right balance between risk taking and risk mitigation in effort to increase the retention and growth of agency profit.

Evaluate the cost effectiveness of risk mitigation strategies and control measures. Collaborate with key stakeholders to ensure a coordinated approach to risk management. Work with multiple teams to identify potential risks that might negatively affect the business.

This person must possess a diverse set of skills to effectively navigate the complexities of the financial industry and associated risks, including a deep understanding of credit union operations and requirements. Excellent analytical skills and strong communication and interpersonal skills are essential for conveying risk information, collaborating with team members, and building relationships with key stakeholders.

This position requires the ability to travel to perform on-site risk reviews, presentations at regional and national events and conduct fraud/risk workshops.



Job Duties And Responsibilities

Risk Review Analysis (20%)

Conduct risk reviews for insured financial institutions to reduce losses for both the financial institution and Allied Solutions insurance carriers. Build lucrative relationships and reduce claims to increase agency profitability.

Use insights from risk reviews to develop, improve, and update risk review checklists and standard recommendations. This position requires the competence and skill to stay ahead of the rapidly changing operating environment impacting financial institution’s risk exposure.

The aptitude to use checklists and standard recommendations as a guide, but expertise to adapt the recommendations to the specific financial institution’s risk. Proactively assess risk for each financial institution to align with the financial institutions risk appetite.

Schedule risk review according to customer request & high loss areas, such as:

• Plastic Card
• Employment Practices
• Internal Controls
• New Account Procedures
• Physical & Alarm Security

Conduct an entrance meeting with key contact person

Ask questions to determine high loss areas, new service offerings and expectations.

Prepare a detailed written report of risk findings and recommendations

The ability to craft a compelling report with recommendations that are understandable and impactful to gain the support of the financial institution. The report and acceptance to make changes to reduce risk has a direct impact in the reduction of claims and increased profitability to the agency.

Conduct an exit meeting with key contact person and/or senior leaders

Present report findings and recommendations to key contact person and/or senior management (CEO, CRO, CFO, etc.) with conviction and assurance to gain their support and confidence in your proficiency. Sell your recommendations in the meeting so that attendees thoroughly understand the reasoning behind each recommendation; understanding the risk and appropriate controls to avoid the risk.

Increase Agency Profit by Decreasing Claims (30%)

Provide expert level knowledge on bond and related coverages, risk exposures associated with these coverages and preventative measures to reduce the probability of loss occurrence and increased carrier profit sharing.

In-Time/Convenient Virtual Consulting (Teams Meetings)

Through risk management consulting, assess the policyholder’s risks and develop a plan designed to minimize exposure to loss. Discovering and listing the various business risk is arguably the most critical step in the risk management process. The risks you don't expect will often be far more critical than the risks you do expect.

As risk…