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Senior Manager - Enterprise Risk Management

Company Description

McDonald’s is proud to be one of the most recognized brands in the world, with restaurants in over 100 countries that serve 70 million customers daily. We continue to operate from a position of strength. Our updated growth strategy is focused on staying ahead of what our customers want and realizing further growth potential. Our relentless ambition is why McDonald’s remains one of the world’s leading corporations after almost 70 years. Joining McDonald's means thinking big and preparing for a career that can have influence around the world.

At McDonald’s, we see every day as a chance to create positive impact. We lead through our values centered on inclusivity, service, integrity, community and family. From support of Ronald McDonald House Charities to our Youth Opportunity project and sustainability initiatives, our values keep us dedicated to using our scale for good: good for our customers, people, industry and planet. We also offer a broad range of outstanding benefits including a sabbatical program, tuition assistance and flexible work arrangements.

Job Description

The ERM Senior Manager will be instrumental in shaping and guiding McDonald's comprehensive risk management framework, ensuring that organizational risks are identified, assessed, and mitigated. This role will provide leadership, innovation, and governance to monitor and report on changes in the risk landscape.

This position reports to the Enterprise Risk Management Director.

The ERM Senior Manager will:

  • Assist in implementing a comprehensive risk management framework and strategy across the organization (risk identification, assessment, mitigation, monitoring, and reporting).
  • Identify and assess potential risks impacting the organization's operations, reputation, and financial stability.
  • Facilitate the preparation of comprehensive risk reports for the Board and coordinate the activities of Risk Committee meetings.
  • Partner with risk owners to develop effective risk mitigation strategies and actionable plans by engaging with cross-functional partners to navigate shifts in the business landscape and resolve emerging issues.
  • Provide strategic risk insights to support decision-making and drive business performance.
  • Assist in crafting and delivering risk management training programs to improve risk awareness and nurture a risk-conscious environment.
  • Help to develop and refine the organization's risk appetite framework, including facilitating discussions to support its evolution.

Responsibilities:

  • Own the development and implementation of the organization’s risk management strategy, policies, and procedures.
  • Conduct comprehensive risk assessments to identify and evaluate potential risks across the organization.
  • Monitor and report on risk exposures, emerging risks, and risk mitigation activities.
  • Collaborate with the business to develop and implement risk mitigation plans and controls.
  • Provide training and support to employees on risk management practices and policies.
  • Prepare and present risk reports to senior management, the Board of Directors, and other partners.
  • Stay informed of industry trends, regulatory changes, and standard methodologies in risk management.
  • Coordinate with internal audit and compliance functions to ensure alignment and comprehensive risk coverage

Benefits eligible: Yes
Bonus eligible: Yes
Long term incentive eligible: Yes
The expected salary range for this role is $129,800 – $165,490 per year 
The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors.

Qualifications

  • 8+ years of managerial experience in ERM
  • Experience developing and implementing ERM frameworks and risk assessment methodologies.
  • Strong analytical skills with the ability to interpret complex data and present actionable insights.
  • Proficiency in risk management software and tools.

Additional Information

Benefits eligible: This position offers health and welfare benefits, a 401(k) plan, adoption assistance program, educational assistance program, flexible ways of working, and time off policies (including sick leave, parental leave, and vacation/PTO). Eligibility requirements apply to some benefits and may depend on job classification and length of employment. 

Bonus eligible: This position is eligible for a bonus, calculated based on individual and company performance.

Long term Incentive eligible: This position is eligible for stock or other equity grants pursuant to McDonald’s long-term incentive plan.

McDonald’s is an equal opportunity employer committed to the diversity of our workforce. We promote an inclusive work environment that creates feel-good moments for everyone. McDonald’s provides reasonable accommodations to qualified individuals with disabilities as part of the application or hiring process or to perform the essential functions of their job. If you need assistance accessing or reading this job posting or otherwise feel you need an accommodation during the application or hiring process, please contact [email protected]. Reasonable accommodations will be determined on a case-by-case basis.

McDonald’s provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to sex, sex stereotyping, pregnancy (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), race, color, religion, ancestry or national origin, age, disability status, medical condition, marital status, sexual orientation, gender, gender identity, gender expression, transgender status, protected military or veteran status, citizenship status, genetic information, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Nothing in this job posting or description should be construed as an offer or guarantee of employment.

Average salary estimate

$147645 / YEARLY (est.)
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$129800K
$165490K

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What You Should Know About Senior Manager - Enterprise Risk Management, McDonald's Corporation

If you're looking for an exciting opportunity to take your career to the next level, join McDonald’s as a Senior Manager - Enterprise Risk Management! Located at 110 N Carpenter St, Chicago, IL, you will play a pivotal role in shaping our robust risk management framework. At McDonald’s, a brand that serves 70 million customers daily across 100 countries, we prioritize innovation and excellence in everything we do. In this role, you will lead efforts to identify, assess, and mitigate risks that could affect our operations and reputation. Your expertise will help craft comprehensive risk reports for the Board and training programs to enhance risk awareness across the organization. As part of a collaborative environment, you will engage with cross-functional teams and senior leadership, providing strategic risk insights that drive business performance. This is your chance to make a positive impact while enjoying a wealth of benefits, including flexible work arrangements, tuition assistance, and a long-term incentive plan. McDonald’s believes in empowering our team members, creating an inclusive space where you can thrive professionally and personally. If you have over 8 years of managerial experience in ERM, are skilled in risk assessment methodologies, and are ready to take on a leadership role at one of the world's most recognized brands, we want to hear from you!

Frequently Asked Questions (FAQs) for Senior Manager - Enterprise Risk Management Role at McDonald's Corporation
What are the key responsibilities of a Senior Manager - Enterprise Risk Management at McDonald’s?

As a Senior Manager - Enterprise Risk Management at McDonald’s, you will own the development and implementation of our extensive risk management strategy. This includes identifying potential risks, conducting comprehensive risk assessments, monitoring risk exposures, and facilitating risk committee meetings. You’ll also partner with various departments to develop effective risk mitigation strategies, provide insights to support decision-making, and help shape our risk appetite framework, ensuring that our organizational risks are expertly managed.

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What qualifications are necessary for the Senior Manager - Enterprise Risk Management position at McDonald’s?

To be considered for the Senior Manager - Enterprise Risk Management position at McDonald’s, applicants should possess more than 8 years of managerial experience in enterprise risk management. A strong background in developing and implementing ERM frameworks and risk assessment methodologies is crucial. Additionally, candidates should demonstrate analytical skills, proficiency in risk management tools, and the ability to interpret complex data to present actionable insights.

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How does McDonald’s support employees in the Senior Manager - Enterprise Risk Management role?

McDonald’s is committed to the growth and success of its employees, particularly within the Senior Manager - Enterprise Risk Management role. We offer a comprehensive benefits package that includes health and welfare benefits, a 401(k) plan, tuition assistance, and flexible work arrangements. Additionally, we foster a supportive work environment that allows for continuous learning and professional development, ensuring our team members can thrive in their roles.

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What impact does the Senior Manager - Enterprise Risk Management have on McDonald’s decision-making?

The Senior Manager - Enterprise Risk Management plays a crucial role at McDonald’s by providing strategic risk insights that inform key organizational decisions. By identifying and evaluating potential risks, you will guide the executive team in making informed choices that can enhance business performance. Your contributions will aid in shaping company policies and strategies, ensuring a proactive approach to risk across all levels of the organization.

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What is the importance of the risk appetite framework in the Senior Manager - Enterprise Risk Management role at McDonald’s?

At McDonald’s, the risk appetite framework is essential for ensuring that the organization strategically balances risk and performance. In your role as Senior Manager - Enterprise Risk Management, you will help develop and refine this framework, facilitating discussions that support its evolution. This framework helps guide portfolio decisions and risk management practices, ultimately enabling McDonald’s to maintain a sustainable growth trajectory while mitigating potential threats.

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Common Interview Questions for Senior Manager - Enterprise Risk Management
Can you describe your experience with developing risk assessment methodologies?

When answering this question, focus on highlighting specific methodologies you have developed or improved in previous roles. Detail how you engaged with stakeholders to ensure relevance and effectiveness, and share the impact of your methodologies on the organization. Highlighting measurable outcomes, such as reduced risks or improved compliance, can make your response more compelling.

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What strategies do you find most effective for mitigating organizational risks?

In your response, discuss various strategies you’ve successfully implemented, such as creating robust risk mitigation plans, engaging in regular risk training, and fostering a risk-aware culture. Providing examples from your past experience will demonstrate your capability to enhance risk management effectiveness within an organization.

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How do you approach preparing risk reports for senior management or the board?

Begin by explaining your process for gathering data, analyzing risk landscapes, and tailoring reports to meet the needs of various stakeholders. Highlight your focus on clarity and actionable insights, ensuring that the information supports effective decision-making. Sharing an example of a successful report you’ve prepared can strengthen your answer.

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How do you stay informed about industry trends and regulations in risk management?

Mention specific resources and networks you use to keep current on risk management trends, such as professional organizations, industry publications, and networking events. Emphasizing your commitment to lifelong learning and professional development in this field will resonate well with interviewers.

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What role does collaboration play in effective risk management?

Emphasize the importance of collaboration by discussing how you partner with various departments to integrate risk management practices. Provide examples of successful cross-functional initiatives you’ve led or been part of, illustrating how collaboration not only enhances risk management but also drives business performance.

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Can you give an example of a significant risk you identified and how you managed it?

When asked this question, outline a specific scenario detailing the risk, your analysis process, and the steps you took to address it. Describe the outcome of your actions and what you learned from the experience, emphasizing your analytical skills and proactive approach to risk management.

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What methods do you use to train employees on risk management practices?

Discuss the various training methods you’ve employed, such as workshops, e-learning, or hands-on simulations. Highlight how you assess the effectiveness of these trainings and adapt them based on employee feedback or changing organizational needs, showcasing your skills in fostering a risk-aware culture.

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How do you balance risk-taking with the need for cautious decision-making?

Articulate your approach to balancing these aspects, such as establishing a clear risk appetite framework and using data-driven insights to inform decisions. Share examples that illustrate your ability to navigate complex situations, demonstrating both strategic foresight and effective risk management.

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What challenges have you faced in previous ERM roles, and how did you overcome them?

Be honest about a specific challenge or obstacle you faced and explain your problem-solving approach. Highlight your resilience, adaptability, and ability to pivot strategies when necessary, reinforcing your competence as a Senior Manager in Enterprise Risk Management.

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Why do you want to work for McDonald’s as a Senior Manager - Enterprise Risk Management?

Articulate your personal connection to McDonald’s values and mission, and discuss how they align with your professional goals. Highlight your admiration for McDonald’s impactful work in the community and commitment to innovation, positioning yourself as someone whose aspirations resonate with the company’s vision.

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McDonald's Corporation is a chain of fast food restaurants. Headquartered in Oak Brook, Illinois, the company's famous menu items include the Big Mac, Chicken McNuggets and Egg McMuffin. McDonald's is a publicly owned company and operates a Canadi...

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March 27, 2025

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