Assistant Vice President of Risk Management/University Risk Officer

Penn State University

University Park Campus
Date Announced:
Date Closing:
open until filled
Job Number:
Work Unit:
Corporate Controller
Risk Management
Full/Part Time:


Penn State is seeking an Assistant Vice President for Risk Management and University Risk Officer who utilizes the principles of informed risk evaluation and assumption and is responsible for all aspects of the University’s risk management programs, including the process by which the University assures the development of an organizational culture of awareness within the University community to identify liabilities that exceed the scope of traditional insurable risks. Reporting directly to the Associate Vice President for Finance and Corporate Controller, the University Risk Officer is expected to establish and manage a University-wide advisory committee providing a forum for the exchange of ideas and information to classify and evaluate existing and emerging risks and to design a process to quantify operational and strategic threats and their impact to the University. This effort applies to all campuses, colleges, medical school and healthcare facilities, administrative, and research units of the University, across the Commonwealth of Pennsylvania, and beyond. The University Risk Officer is expected to review and evaluate the adequacy of University policy and procedures relating to institutional risk, as well as to align and prioritize mitigation strategies for the collective risks that expose the University to negative financial, strategic, and operational consequences. In consultation with senior management, the University Risk Officer is responsible for and has the authority to develop a pro-active, cost-effective plan for anticipating, managing, and minimizing risks. The University Risk Officer leads a team of 10 risk professionals with significant responsibilities for contract review and approval, insurance program development and implementation and claims management, positioning the office as a resource to senior administration, college, campus and administrative units. The University Risk Officer is a member of the Finance and Business Senior Leadership Team and works closely with the offices of Internal Audit, Ethics & Compliance, and General Counsel, partnering with responsible executives in their individual roles as risk owners, to help ensure the ongoing and valued operation of the system of managing risks within tolerance. Through outreach, formal training, involvement in other councils and committees, and other encounters, the University Risk Officer educates the broader University community in risk management principles and techniques to create a perpetuating environment and expectation of the management of risks. The position provides informative reports to the Board of Trustees through its Audit & Risk Committee on significant risk topics, the University’s risk profile, and the operation of the risk management system, to enable Committee oversight in accordance with its charter. In addition, this role will collaborate with Captive Insurance Company, a subsidiary of the University. A Bachelor’s degree is required for this position, while a Master’s degree and/or advanced certification (ARM, CRM, CPCU) is preferred. At least ten years of increasing responsibility for leadership of people and programs with accountability for risk management is required, with experience in a higher education or corporate setting strongly preferred. The ideal candidate will have demonstrated high level of skills and experience in the areas of risk management techniques, global awareness of risk management principles and practices, ERM program implementation, insurance coverage innovation, risk financing, captive insurance utilization, strategic planning and project management. This position is located at The Pennsylvania State University, University Park campus in State College, Pennsylvania. This college town isn’t just for college students – State College is a bustling community with something for everyone. Penn State is Pennsylvania’s sole land-grant institution with a strong focus on access and affordability, cutting-edge research, and making a difference and impact in the community, the Commonwealth, and the world. With an annual budget of $6.5 billion, Penn State is one university geographically dispersed across 24 campuses throughout the Commonwealth of Pennsylvania and online, comprising 100,000 undergraduate and graduate students, and 45,000 full- and part-time faculty, staff, and technical service employees. A leading public research university, Penn State’s research expenditures exceeded $900 million in 2018, while its academic health center and system – Penn State Health – serves more than 2.8 million residents. As a member of the University’s Risk Office, you will be joining a team of individuals who have the ambition to help Penn State succeed. Workforce diversity, cultural inclusiveness, and employment equity are deeply rooted in Penn State's historic mission. Just as we are committed to being a diverse educational environment, we are also committed to being a diverse working community. As a community, we endeavor to be a mixture of cultural backgrounds, life experiences, and individual perspectives, that add variety and vitality to the workplace. The University believes that we can learn from each other’s differences and break down the barriers that separate us. Penn State is a place where everyone can be themselves, together.

These salary bands have been established to provide salary guidelines for staff positions.

Salary Band Minimum Midpoint Maximum
A $16,584 $24,456 $32,328
B $18,240 $26,904 $35,556
C $19,728 $29,592 $39,456
D $21,708 $32,568 $43,416
E $24,312 $36,468 $48,612
F $27,228 $40,848 $54,456
G $30,012 $45,744 $61,500
H $34,188 $52,140 $70,080
I $38,988 $59,424 $79,908
J $43,716 $67,740 $91,812
K $50,712 $78,600 $106,488
L $58,836 $91,176 $123,528
M $68,232 $105,756 $143,292
N $80,508 $124,788 $169,068
O $93,492 $147,252 $201,024
P $110,340 $173,760 $237,192
Q $126,396 $199,056 $271,728
R $151,668 $238,872 $326,088