Director of Enterprise Risk Management (ERM)

As a Director of Enterprise Risk Management (ERM) here at Honeywell, you will be responsible for leading the development and implementation of the company's ERM framework. You will play a critical role in identifying and assessing risks, developing risk mitigation strategies, and driving a strong risk management culture across the organization. Your expertise in risk management and strategic thinking will be essential in ensuring the company's long-term success. You will report directly to our VP of audit you'll work out of our New Jersey location on a hybrid work schedule.In this role, you will impact the company by proactively identifying and managing risks, enhancing the company's ability to make informed decisions, and driving a culture of risk awareness and mitigation. KEY RESPONSIBILITIESOwn the development and execution of the Corporate Audit Enterprise Risk Assessment program which supports the Internal Audit Plan and provides key risk insights to Honeywell Leadership.Provide Strategic Guidance and Leadership in Cross-Functional Risk Management: Spearhead the development and implementation of a cohesive risk management ecosystem that integrates multiple disciplines, including IT & Cybersecurity, Supply Chain Management, Controllership, Global Compliance, Business Resiliency, Data Privacy, and other critical business functions. Facilitate regular collaboration among these functions to ensure alignment on risk priorities and best practices. Facilitate Cross-Functional Collaboration: Foster strong partnerships with functional leaders from IT, legal, finance, and operations to ensure a unified approach to risk management, supporting ongoing improvements and knowledge sharing.Lead Risk Assessment Initiatives: Regularly coordinate risk assessment workshops with business unit leaders to identify and evaluate potential risks impacting organizational objectives, ensuring alignment across all levels of the organization.Design and Implement Risk Management Frameworks: Develop and refine comprehensive risk management frameworks and policies that reflect Honeywell's strategic goals, regulatory requirements, and industry best practices.Conduct Training and Development Programs: Organize internal training sessions for employees to enhance awareness and understanding of risk management practices, compliance requirements, and their roles in maintaining a robust risk culture within the organization.Monitor Risk Mitigation Strategies: Oversee the execution and effectiveness of risk mitigation strategies and action plans, ensuring timely updates and reporting to senior leadership on progress and challenges encountered.Analyze Key Risk Indicators (KRIs): Monitor and analyze key risk indicators to detect emerging risks early and advise management on adjustments needed to mitigate those risks effectively before they escalate.Evaluate Third-Party Risks: Assess risks associated with third-party vendors and partners, ensuring that appropriate due diligence is performed and compliance with Honeywell's risk management policies is upheld.Prepare Risk Reports for Executives: Generate detailed reports on the organization's risk landscape, including findings from risk assessments, audit results, and compliance reviews, and present them to executive leadership for informed decision-making.Stay Ahead of Regulatory Changes: Proactively research and interpret changes in applicable regulatory environments, ensuring that Honeywell remains compliant and that the risk management strategies are adjusted accordingly.Champion a Culture of Risk Awareness: Actively promote a culture of risk awareness across the organization by participating in strategic discussions, providing insights on risk implications of business decisions, and encouraging proactive risk-taking where appropriate.Evaluate and Select Risk Management Tools: Assess and recommend advanced risk management software solutions and technologies that enhance capabilities in risk identification, assessment, and monitoring, ensuring compatibility with existing IT systems and alignment with organizational needs.Foster Continuous Improvement Initiatives: Advocate for and lead continuous improvement projects within the risk management framework, encouraging feedback loops and iterative enhancements to processes and technologies, ensuring that the risk management practices evolve with changing business environments and emerging risks. BENEFITS OF WORKING FOR HONEYWELLIn addition to a competitive salary, leading-edge work, and developing solutions side-by-side with dedicated experts in their fields, Honeywell employees are eligible for a comprehensive benefits package. This package includes employer subsidized Medical, Dental, Vision, and Life Insurance; Short-Term and Long-Term Disability; 401(k) match, Flexible Spending Accounts, Health Savings Accounts, EAP, and Educational Assistance; Parental Leave, Paid Time Off (for vacation, personal business, sick time, and parental leave), and 12 Paid Holidays. For more information visit: click here The application period for the job is estimated to be 40 days from the job posting date; however, this may be shortened or extended depending on business needs and the availability of qualified candidates. YOU MUST HAVEMinimum of 8 years of experience in risk management or related field Strong knowledge of enterprise risk management principles and practices Bachelor’s degree in Accounting, Finance, Business Administration or equivalent Extensive experience in data analytics, project management and knowledge of US GAAP and internal audit standardsExperience performing risk assessments, scoping entities relevant to management’s internal control environment, and identifying controls appropriate based on nature and risk associated with a business. Experience in developing and implementing risk management frameworks Excellent leadership and communication skills WE VALUE Master's degree in Business Administration, Risk Management, or a related field Professional certification in risk management (e.g., CRM, ARM, FRM) Experience in a large multinational corporation or consulting firm Strong analytical and problem-solving skills Ability to influence and drive change Strong strategic thinking and decision-making abilitiesTHE BUSINESS UNITThe Advanced Materials business unit at Honeywell is an industry-leading solutions provider, playing a crucial role in advancing industries worldwide through diverse applications, revolutionary inventions, and pioneering technologies focused on high-growth mega-trends. Our science and technology experts create solutions that help solve our customers' needs today and in the future. Our solutions span across industries, including retail, healthcare and pharma, buildings, manufacturing, and hi-tech. In each of these verticals, we bring deep materials and engineering knowledge, which leads to our customers achieving a reduction in energy consumption, cutting down their carbon emissions, and improving their operational efficiencies. Honeywell is an equal opportunity employer. Qualified applicants will be considered without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, religion, or veteran status. Learn more about inclusion and diversity: click hereIn October, 2024 Honeywell announced the spin-off of our Advanced Materials business to become a stand-alone publicly traded company, independent of Honeywell. Our intention is that this role, dedicated to the Advanced Materials business, will be a part of this future transaction when the separation occurs.Honeywell is an equal opportunity employer. Qualified applicants will be considered without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, religion, or veteran status.