Senior Engagement Lead - Risk Consulting

Posted Yesterday
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8 Locations
In-Office
113K-240K Annually
Senior level
Fintech • HR Tech • Insurance • Consulting
The Role
Lead client engagements to design and deploy risk management strategies that reduce Total Cost of Risk (TCOR). Provide interim outsourced risk management, implement ERM/BCM/crisis and supply chain risk solutions, leverage analytics and captive/ART programs, oversee global insurance program design, collaborate with broking, safety, analytics, and captive teams, and support business development and solution deployment.
Summary Generated by Built In
Company:Marsh Risk

Description:

As a global leader in insurance broking and risk management, Marsh helps clients succeed by defining, designing, and delivering innovative, industry-specific solutions to effectively manage risk.

Marsh is searching for an experienced Engagement Lead in our Risk Consulting team.

This position can be based anywhere in the United States.

The candidate will work across our entire Risk Consulting team to engage a range of capabilities to support risk management, risk control, and risk financing (to include traditional, captive, and alternative risk teams) for our clients.  The advisor will also leverage Marsh Emerging Risk and Analytics platforms to design and deploy solutions customized to each client’s needs, including but not limited to risk management strategy design and deployment, risk program optimization, and deployment of suite of tools to reduce client total cost of risk (TCOR). They will support the Auxiliary Risk Management Solution program that provides interim risk management support to our clients.

What primary responsibilities can you expect?

  • Partner with client executives and client teams to identify critical paths for client risk program enhancements;

  • Serve in an outsourced risk management capacity with clients that need short-term staffing support;

  • Partner with Marsh Safety and Risk Engineering resources to reduce client TCOR;

  • Design and deployment of client Enterprise Risk Management (ERM) tools and techniques, and supporting Supply chain risk management, linking to BCM and Crisis Management teams;

  • Lead/support the development and advancement of TCOR assessment - partnering with other Marsh SME’s;

  • Conduct in Client Risk Management Strategy review sessions, linking brokerage and consulting activities;

  • Leverage analytics tools/teams and partner with captive and ART teams for program design optimization;

  • Work, in collaboration with the brokering analytics team, to develop and deploy analytics support tools, dashboards, and TCOR analytics tools;

  • Assist in the development and execution of strategic client consulting plans;

  • Interact with other Consulting team members, Business Development teams, Leadership, Account Executives, Producers, Brokers, other Marsh Business Units, Markets and Vendors to design and deploy client solutions.

What’s in it for you?

  • A company with a strong brand and strong results to match.

  • A culture of internal mobility, collaboration, and valued partnerships.

  • Competitive pay (salary and performance bonus potential).

  • Full benefits package – starting day one (medical, dental, vision, life insurance, 401k match AND contribution).

We will also count on you to:

  • Participate in marketing and business development within Risk Consulting and Broking;

  • Support growth initiatives and product/solution development activities.

What you need to have: 

  • At least 15 years of risk management experience with a focus on reducing Total Cost of Risk and improving risk and insurance department operational efficiency;

  • Experience with combination of ERM/BCM/Crisis Management/Supply Chain Risk Management;

  • Experience using analytics for risk management decision support;

  • Experience overseeing some aspects of global insurance program design and placement;

  • Captive insurance programs;

  • Preferred combination of several tracks from Engineering, risk consulting, Retail Broker placement, underwriting,  in-house risk management department (at least 2);

  • Insurance / Risk Management industry knowledge.

What makes you stand out?

  • Risk Management Strategy design (preferably with some client side experience);

  • Ability to manage multiple projects and processes and meet deadlines while working in a team environment;

  • Experience reviewing insurance terms and conditions in contracts with third parties;

  • Risk control (either safety or property) experience to support client engagement and project oversight;

  • General understanding of how to work with analytical teams and actuaries;

  • Understanding of Captive insurance vehicle program design and deployment;

  • Ability to assess client risk management processes and develop strategies for improvement;

  • Skill in interacting with Client’s Senior Management, Risk Management, Treasury and  “C” suite;

  • Skill in sales situations with a track record of success in business development situations;

Marsh Risk is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Marsh Risk, visit marsh.com, or follow us on LinkedIn and X.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting [email protected].

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.

The applicable base salary range for this role is $112,600 to $239,800.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

Skills Required

  • At least 15 years of risk management experience focused on reducing Total Cost of Risk and improving risk/insurance operational efficiency
  • Experience with Enterprise Risk Management (ERM), Business Continuity Management (BCM), Crisis Management, and Supply Chain Risk Management
  • Experience using analytics for risk management decision support
  • Experience overseeing aspects of global insurance program design and placement
  • Experience with captive insurance programs and captive program design/deployment
  • Insurance / Risk Management industry knowledge
  • Preferred: Combination of experience across at least two tracks among Engineering, risk consulting, retail broker placement, underwriting, or in-house risk management
  • Risk control experience (safety or property) to support client engagement and project oversight
  • Experience reviewing insurance terms and conditions in contracts with third parties
  • Skill in sales/business development and interacting with senior management and C-suite
  • Ability to manage multiple projects and meet deadlines in a team environment

Marsh McLennan Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Marsh McLennan and has not been reviewed or approved by Marsh McLennan.

  • Leave & Time Off Breadth Leave offerings are described as generous, including sizable PTO, paid holidays, paid sick days, and additional time off such as paid volunteer time and “Summer days.” These time-off benefits are portrayed as a standout part of the overall rewards package.
  • Healthcare Strength Healthcare coverage is characterized as comprehensive, spanning medical, dental, and vision options, with additional supports like disability and life insurance and access to mental health resources and an EAP. The breadth of plan options is positioned as a core strength of the benefits package.
  • Retirement Support Retirement benefits are framed as solid, with 401(k) programs and employer matching frequently highlighted alongside other financial programs. Stock purchase options are also referenced as an additional wealth-building component of the total rewards mix.

Marsh McLennan Insights

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The Company
HQ: New York, NY
78,000 Employees
Year Founded: 1871

What We Do

Marsh McLennan (NYSE: MMC) brings together nearly 78,000 experts in risk, strategy, and people across Marsh, Guy Carpenter, Mercer, and Oliver Wyman, serving clients in over 130 countries. Marsh enables enterprise worldwide by helping clients manage risks, transforming uncertainty into opportunity. Guy Carpenter helps clients grow profitably with reinsurance broking expertise, advisory services, and advanced analytics. Mercer helps organizations advance the health, wealth, and careers of their most vital asset — their people. Oliver Wyman’s expertise in strategy, operations, risk, and organization transformation changes what is possible for our clients, their industries, and society. Together, we combine a unique range of capabilities to help our clients solve problems, seize opportunities, and build lasting success in increasingly complex operating environments.

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