Risk Governance & Reporting Director (Newport Beach)

Job Description:

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.

We’re actively seeking a talented Director, Risk Governance & Reporting to join the Risk Management team in our state-of-the-art Newport Beach headquarters.
As Director, Risk Governance & Reporting, you’ll move Pacific Life, and your career, forward by supporting the development of the enterprise risk management framework and enhancing our financial risk governance and reporting capabilities. You will fill a new role in the risk management team, working alongside fellow risk professionals and interacting with many stakeholders across a broad range of functions.
How you’ll help move us forward:

• Be a key contributor in the development and maintenance of enterprise-wide financial risk policies and frameworks

• Partner with 1st and 2nd line teams to ensure financial risk policies and standards are effectively documented, communicated, and integrated consistently across the organization

• Support the production of materials used to regularly inform the Company’s senior management, risk committees, and board of directors on the enterprise risk profile and risk management frameworks

• Lead the Company’s annual Own Risk and Solvency Assessment (ORSA) by partnering with key risk stakeholders across the enterprise

• Provide effective review and challenge of aggregate risk results in the context of the Company’s financial risk appetite limits

The experience you bring:

• 10+ years of relevant experience in the life insurance or reinsurance industry

• Fellow of the Society of Actuaries (FSA), Chartered Financial Analyst (CFA), or other relevant professional qualification

• Demonstrated understanding of various insurance and reinsurance product types across multiple accounting and solvency frameworks

• Ability and confidence to provide robust challenge to colleagues, including senior management, and a willingness to challenge the status quo

• Ability to communicate complex concepts and information to a variety of internal and external stakeholders (management, regulators, board, staff)

What makes you stand out:

• Familiarity with capital frameworks and financial reporting standards

• Prior experience in enterprise risk management or cross-divisional function

• Knowledge and awareness of global insurance regulations

You can be who you are.
People come first here. We’re committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.
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Base Pay Range:

The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.

$198,810.00 - $242,990.00

Your Benefits Start Day 1

Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.

• Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents

• Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off

• Paid Parental Leave as well as an Adoption Assistance Program

• Competitive 401k savings plan with company match and an additional contribution regardless of participation

EEO Statement:

Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.

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