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Director, Risk Management

Company Description

At Western Digital, our vision is to power global innovation and push the boundaries of technology to make what you thought was once impossible, possible.

At our core, Western Digital is a company of problem solvers. People achieve extraordinary things given the right technology. For decades, we’ve been doing just that. Our technology helped people put a man on the moon.

We are a key partner to some of the largest and highest growth organizations in the world. From energizing the most competitive gaming platforms, to enabling systems to make cities safer and cars smarter and more connected, to powering the data centers behind many of the world’s biggest companies and public cloud, Western Digital is fueling a brighter, smarter future.

Binge-watch any shows, use social media or shop online lately? You’ll find Western Digital supporting the storage infrastructure behind many of these platforms. And, that flash memory card that captures and preserves your most precious moments? That’s us, too.

We offer an expansive portfolio of technologies, storage devices and platforms for business and consumers alike. Our data-centric solutions are comprised of the Western Digital®, G-Technology™, SanDisk® and WD® brands.

Today’s exceptional challenges require your unique skills. It’s You & Western Digital. Together, we’re the next BIG thing in data.

Job Description

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Maintain awareness and knowledge of risk conditions prevailing in all elements of the company’s business both domestic and foreign so as to be able to appraise and analyze new or potential risk situations and recommend appropriate courses of action.
  • Develop, formulate and coordinate property and casualty insurance claims control function at all locations.
  • Continue review of existing safety, environment, loss prevention, employment and security programs as related to the management of risk or accidental loss.
  • Maintain historical record of all losses, insured and uninsured, including recoveries and reserves set by insurance companies.
  • Review leases, contracts, sales and finance agreements in order to ascertain compliance with appropriate insurance requirements.
  • Insure the proper and efficient handling of claims as they relate to workers’ compensation insurance requirements.
  • Coordinate risk control activities and monitor compliance for:
    • Security/Asset protection
    • Personnel safety/OSHA
    • Automobile safety
    • Property conservation, fire safety and fire prevention
    • Emergency preparedness
    • Business recovery
  • Coordinate the reporting of all property and cargo claims to insurers or against third parties and process such claims.
  • Prepare detailed investigative reports that are factual, timely, well written and logical.
  • Collect company data, on which insurance premiums are based, verify the accuracy and validity of policies and premiums when received, prepare the reports that are required by the insurance companies and allocate premium among locations.
  • Direct the activities of the company’s subsidiaries and offices both domestic and foreign as they relate to the various professional consultants, insurance brokers and insurers concerned with the company’s insurance programs.
  • Maintain surveillance over existing programs of self-insurance and risk assumption to assure continued cost effectiveness.
  • Maintain knowledge of sources and types of insurance coverage that can be procured at economical cost, and the current stability and services of insurance brokers and insurers.
  • Maintain a current knowledge of market conditions and governmental activities in the insurance, safety, loss prevention, environmental and loss control fields, apprising executive management of probable effects upon the company and recommending appropriate actions.
  • Establish and maintain risk management and insurance expense allocation for all locations.
  • Recommend and approve major equipment for asset protection and loss control.
  • On a corporate level, perform claims handling and settlement activities.
  • Travel to key company locations worldwide.

Qualifications

  • Bachelor’s degree in insurance, Law Enforcement, Industrial Technology, Occupational Environmental/Safety/Health disciplines or equivalent.
  • 10+ years of Risk Management, Finance, or related Insurance industry experience.
  • MBA, Associate in Risk Management (ARM) or Certified Professional Engineer (CPE) desired.
  • Specific knowledge of insurance terminology, familiarity with safety and environmental engineering, construction practices, OSHA rulings, labor law, building costs and fire codes.
  • Clearly communicate in verbal and written forms.
  • Read, analyze, and interpret documents such as general business periodicals, professional journals, technical procedures, or governmental regulations.
  • Adaptable and able to plan and manage projects from conception to completion in a dynamic environment with independent follow-through.
  • Ability to be proactive, anticipate the needs of colleagues and managers, exercise independent judgment and manage multiple projects simultaneously.
  • Strong work ethic and ability to produce high quality work under deadline pressures.
  • Self-starter with an appetite for problem-solving and ability to “own” projects and prioritize tasks with little or no supervision.
  • Good sense of humor, positive attitude and ability to stay calm and collected under pressure.
  • Proficiency in reviewing and analyzing transaction documentation for risk considerations and collaborating on strategy and risk considerations is preferred.

Additional Information

Western Digital is committed to providing equal opportunities to all applicants and employees and will not discriminate against any applicant or employee based on their race, color, ancestry, religion (including religious dress and grooming standards), sex (including pregnancy, childbirth or related medical conditions, breastfeeding or related medical conditions), gender (including a person’s gender identity, gender expression, and gender-related appearance and behavior, whether or not stereotypically associated with the person’s assigned sex at birth), age, national origin, sexual orientation, medical condition, marital status (including domestic partnership status), physical disability, mental disability, medical condition, genetic information, protected medical and family care leave, Civil Air Patrol status, military and veteran status, or other legally protected characteristics. We also prohibit harassment of any individual on any of the characteristics listed above. Our non-discrimination policy applies to all aspects of employment. We comply with the laws and regulations set forth in the "Know Your Rights: Workplace Discrimination is Illegal” poster. Our pay transparency policy is available here.

Western Digital thrives on the power and potential of diversity. As a global company, we believe the most effective way to embrace the diversity of our customers and communities is to mirror it from within. We believe the fusion of various perspectives results in the best outcomes for our employees, our company, our customers, and the world around us. We are committed to an inclusive environment where every individual can thrive through a sense of belonging, respect and contribution.

Western Digital is committed to offering opportunities to applicants with disabilities and ensuring all candidates can successfully navigate our careers website and our hiring process. Please contact us at [email protected] to advise us of your accommodation request. In your email, please include a description of the specific accommodation you are requesting as well as the job title and requisition number of the position for which you are applying.

#LI-RG1

Compensation & Benefits Details

  • An employee’s pay position within the salary range may be based on several factors including but not limited to (1) relevant education; qualifications; certifications; and experience; (2) skills, ability, knowledge of the job; (3) performance, contribution and results; (4) geographic location; (5) shift; (6) internal and external equity; and (7) business and organizational needs.
  • The salary range is what we believe to be the range of possible compensation for this role at the time of this posting.  We may ultimately pay more or less than the posted range and this range is only applicable for jobs to be performed in California, Colorado, New York or remote jobs that can be performed in California, Colorado and New York.  This range may be modified in the future.
  • You will be eligible to participate in Western Digital’s Short-Term Incentive (STI) Plan, which provides incentive awards based on Company and individual performance.  Depending on your role and your performance, you may be eligible to participate in our annual Long-Term Incentive (LTI) program, which consists of restricted stock units (RSUs) or cash equivalents, pursuant to the terms of the LTI plan. Please note that not all roles are eligible to participate in the LTI program, and not all roles are eligible for equity under the LTI plan. RSU awards are also available to eligible new hires, subject to Western Digital’s Standard Terms and Conditions for Restricted Stock Unit Awards.
  • We offer a comprehensive package of benefits including paid vacation time; paid sick leave; medical/dental/vision insurance; life, accident and disability insurance; tax-advantaged flexible spending and health savings accounts; employee assistance program; other voluntary benefit programs such as supplemental life and AD&D, legal plan, pet insurance, critical illness, accident and hospital indemnity; tuition reimbursement; transit; the Applause Program, employee stock purchase plan, and the Western Digital Savings 401(k) Plan.
  • Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.
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Average salary estimate

$155000 / YEARLY (est.)
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$130000K
$180000K

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What You Should Know About Director, Risk Management, Western Digital

Join the dynamic team at Western Digital as the Director of Risk Management in Milpitas, CA, where your expertise will directly contribute to advancing our vision of powering global innovation through smart data solutions. In this crucial role, you’ll maintain a vigilant approach towards understanding risk conditions across all facets of our business, both locally and internationally. You’ll be the architect behind our property and casualty insurance claims, guiding safety, environmental practices, and loss prevention programs to ensure a secure working environment. Your insights will help us analyze both historical and current loss data while developing strategies to mitigate future risks. As a seasoned professional with over 10 years in Risk Management or the insurance industry, you will collaborate closely with subsidiaries and external consultants, handling complex claims and fostering a culture of safety compliance. Your impact will not only be felt within the company but will extend to our crucial position in technology that powers everyday experiences, from gaming to data management. At Western Digital, we value adaptability and proactive problem-solving skills, as well as the ability to communicate effectively across diverse teams. If you're ready to tackle significant challenges and push the boundaries of risk management while working for a company at the forefront of innovation, we want to meet you. Together, we can shape a safer tomorrow, leveraging the full potential of our technological prowess.

Frequently Asked Questions (FAQs) for Director, Risk Management Role at Western Digital
What are the main responsibilities of the Director of Risk Management at Western Digital?

As a Director of Risk Management at Western Digital, you'll be responsible for assessing and managing risk conditions across various business elements. This includes overseeing property and casualty insurance claims, coordinating safety and loss prevention programs, reviewing compliance with insurance requirements in contracts, and maintaining historical records of losses. Your strategic insight will shape our risk management policies and ensure we effectively handle potential risks.

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What qualifications are required for the Director of Risk Management position at Western Digital?

For the Director of Risk Management role at Western Digital, candidates should have a Bachelor’s degree in insurance, safety, law enforcement, or a related field, along with a minimum of 10 years of relevant experience. Additional qualifications like an MBA or professional designations such as ARM or CPE are highly desirable. A solid understanding of insurance terminology and safety regulations is crucial for this role.

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How does Western Digital ensure safety compliance within the Risk Management department?

At Western Digital, the Director of Risk Management oversees safety compliance through the coordination of various programs related to personnel and asset protection, as well as adherence to OSHA regulations. You’ll be responsible for continuously monitoring safety environments across locations and recommending appropriate changes to enhance our safety protocols, ensuring we protect both our employees and our assets.

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What kind of experience is beneficial for the Director of Risk Management at Western Digital?

Beneficial experience for the Director of Risk Management position at Western Digital includes comprehensive knowledge of risk management practices, familiarity with insurance claims handling, and a background in safety and environmental engineering. Experience in financial analysis and strategic planning is also advantageous since you will ensure the effective allocation of insurance expenses and risk management resources.

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What kind of projects might the Director of Risk Management lead at Western Digital?

As the Director of Risk Management at Western Digital, you will lead projects aimed at enhancing company-wide risk awareness and compliance, managing insurance claims processes, and developing detailed investigative reports. You will also initiate safety training programs and risk assessment projects that help mitigate threats and elevate operational standards across all locations.

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Common Interview Questions for Director, Risk Management
How do you approach identifying potential risks in an organization?

When identifying potential risks, I start with a comprehensive analysis of the organization's operations, assessing each department for vulnerabilities. I also review past incidents and current policies to identify trends and gaps. Collaborating with stakeholders is key in this process, as it helps me gain insights into their concerns and risks that may not be immediately apparent. Being proactive and continuously monitoring risk factors enables me to recommend effective mitigation strategies.

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What strategies do you use to manage insurance claims effectively?

To manage insurance claims effectively, I prioritize clear communication with all parties involved, from claimants to insurers. I keep meticulous documentation and follow up regularly to ensure claims are processed timely. Understanding the nuances of the insurance policy is essential, so I ensure that all claims filed are thorough and compliant with the agreed-upon terms, which helps in achieving favorable outcomes.

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Can you describe your experience with safety compliance programs?

In my previous roles, I developed and implemented safety compliance programs that adhered to OSHA standards. I conducted regular training sessions and audits, which significantly reduced workplace incidents. Additionally, I worked closely with teams to create a culture of safety awareness, ensuring that employees were empowered to identify and report potential hazards, leading to continuous improvements in safety protocols.

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How do you stay informed about changes in insurance regulations?

I stay informed about changes in insurance regulations by subscribing to industry newsletters, attending conferences, and participating in professional organizations. Networking with other experts in the field also provides insights into emerging challenges and strategies. I make it a priority to continuously learn and adapt my strategies to align with current best practices to ensure compliance across the organization.

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What is your approach for promoting a safety culture in the workplace?

Promoting a safety culture starts with effective communication and leadership commitment. I emphasize the importance of safety in all training and meetings, encourage feedback from employees about safety practices, and actively involve staff in safety initiatives. Recognizing and rewarding safe behaviors also plays a crucial role in ingraining these practices into the company culture.

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How do you handle conflicts arising from risk management decisions?

Handling conflicts requires a transparent and collaborative approach. I ensure that all stakeholders understand the rationale behind decisions by facilitating open discussions and presenting data-driven insights. I also remain approachable, allowing team members to express their concerns. By addressing misunderstandings with empathy and clear communication, I strive to reach mutually beneficial resolutions.

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What tools do you use for risk assessment and management?

I utilize various tools for risk assessment, including risk management software and data analytics platforms that help in tracking incidents and analyzing trends. Additionally, I employ qualitative tools like surveys and focus groups to gather input on perceived risks. This multidimensional approach provides a comprehensive risk profile, enabling informed decision-making.

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How do you prioritize risk management initiatives?

I prioritize risk management initiatives based on potential impact and likelihood of occurrence. I conduct a thorough risk assessment to identify high-risk areas within the organization. Monthly reviews of ongoing initiatives ensure that focus remains on priority areas, adjusting as necessary based on emerging threats or changes in business operations.

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Describe a challenging risk management project you've managed.

In a previous role, I managed a project that involved updating the company’s insurance coverage following significant changes in our operational practices. The challenge was balancing cost-effectiveness with comprehensive coverage. By conducting a thorough risk analysis and collaborating closely with insurance brokers, I successfully negotiated better terms, resulting in improved coverage and cost savings for the company.

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What role do you think technology plays in risk management today?

Technology plays a transformative role in risk management by enhancing data collection and analysis capabilities. Advanced analytics and machine learning can identify patterns and forecast potential risks more accurately than traditional methods. Additionally, technology facilitates real-time monitoring of safety compliance and workflows, allowing for timely interventions and improving the overall risk management process.

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At Western Digital, we believe in the promise of data and we’re redefining how the world keeps and leverages it. We power the technology and develop the solutions that transform the possibilities of data into reality. At every step, we innovate wi...

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Full-time, on-site
DATE POSTED
December 20, 2024

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