Elisha Beck
Director Of Enterprise Risk Management
Fargo,ND
Summary
Strategic, results-driven Enterprise Risk Management professional with more than 11 years of experience leveraged to drive decisions that facilitate growth, optimize expense, and maximize profitability. Established successful enterprise risk management framework which includes a four-phased risk framework approach, risk appetite, enhanced risk reporting, and enterprise corporate insurance program. Motivated leader with strong organizational and prioritization abilities with a passion for learning and drive for continuous improvement. Proven ability to build strong relationships that enable success in the delivery of enterprise initiatives.
Overview
11
11
years of professional experience
5
5
years of post-secondary education
Work History
Director of Enterprise Risk Management
Blue Cross Blue Shield of North Dakota
Fargo, North Dakota
03.2021 - Current
- Leads the innovation, governance, oversight, and management of the Enterprise Risks Management (ERM) processes necessary to identify, evaluate, mitigate, and monitor the company’s operational and strategic risk
- Developed and manages the ERM architecture for the company and plays a key role in the analysis of risk data by overseeing all operational and strategic risk management activities of the organization
- Defined qualitative and quantitative risk reporting to ensure it met the needs of the Board of Directors and executive management
- Procures and administers all aspects of enterprise corporate insurance programs
- Ey Highlights:
- Effectively develops and maintains the ERM program that adequately factors in risk governance, risk management, risk quantification, and economic interdependence principles to achieve organizational objectives and goals
- Designed and implements risk management framework to identify, assess, measure, monitor, and report risks enterprise wide
- Including risk monitoring tools such as risk heat map, risk register, risk dashboard, risk tolerance report, and risk appetite statement
- Models’ critical enterprise-wide risks and embed ERM into strategic planning by including in the organization’s strategic planning process tools such as SWOT analysis, suggestion of treatment strategies, and Decision Matrix
- Accumulates and develops the annual Own Risk Solvency Assessment (ORSA) reporting for the organization
- Organize and facilitate monthly ERM Committee meetings with executive management including identification of emerging risks, status updates, and mitigation activities
- Develop, enhance, and deliver Board and Committee risk reporting
- Reviews and analyzes contractual documents to achieve acceptable risk levels in accordance with internal approval processes
- Develops, coaches, trains, and motivates team while ensuring all tasks are successfully completed as scheduled.
Supervisor
Blue Cross Blue Shield of North Dakota
01.2020 - 03.2021
- Oversaw the ERM framework for the entire enterprise and ensured risks were identified and understood
- Played a key role in the analysis of risk data by ensuring risks are identified, analyzed, monitored, and reported on
- Led and developed internal staff and providing support to the team to assist in the development and production of risk reporting communication to key leadership and stakeholders
- Administered the Corporate Insurance program, including plan analysis, compliance auditing, and data submissions
- Key Highlights:
- Maintained the ERM program to ensure program adequately factored in risk governance, risk management, risk quantification, and economic interdependence principles to achieve organizational objectives and goals
- Analyzed risk data by ensuring risks are identified, analyzed, monitored, and reported on
- Supported the development of ERM strategies which targets risk appetite, risk capacity, and risk management considerations.
Risk Management Advisor
Blue Cross Blue Shield of North Dakota
05.2015 - 01.2020
- Responsible for maintaining the ERM framework for the entire enterprise and ensured risks are identified and understood
- Analyzed risk data to ensuring risks were identified, analyzed, monitored, and reported on
- Assisted in the development and production of risk reporting and be actively involved in the communication of risk to key leadership and stakeholders via formal presentations and other methods
- Administered the Corporate Insurance program, including plan analysis, compliance auditing, and data submissions.
Senior Auditor
Blue Cross Blue Shield of North Dakota
03.2014 - 05.2015
- Performed high-risk compliance, operational, financial, and information systems audits to confirm operations comply with federal, state, and contractual requirements; operations adhere to corporate policies and procedures; and internal controls are operating effectively and efficiently
- Assisted Management the with planning and scheduling of audits, reviewing audit files and work papers
- Developed staff and provided coaching to help others excel in their career.
Auditor I
Blue Cross Blue Shield of North Dakota
04.2011 - 03.2014
- Performed high-risk compliance, operational, financial, and information systems audits to confirm operations comply with federal, state, and contractual requirements; operations adhered to corporate policies and procedures; and internal controls were operating effectively and efficiently
- Collaborated with Management to plan and schedule audits, review audit files and work papers.
Education
Bachelor of Accounting -
University of Minnesota
09.2005 - 12.2010
Skills
Critical Thinking
Strong leadership experience
Stress testing expertise
Detail-oriented
Strong oral and written communications
Strong analytical skills
Process improvement strategies
Cross team collaboration
Accomplishments
- Designed and implemented risk management framework to identify, assess, measure, monitor, and report risks enterprise wide.
- Co-created and operationalized risk management and monitoring tools such as risk heat map, risk register, risk dashboard, risk tolerance report, and risk appetite statement.
- Modeled critical enterprise-wide risks for organizations with mature risk management programs and embed enterprise risk management into strategic planning by including in the organization’s strategic planning process tools such as SWOT analysis, suggestion of treatment strategies, and Decision Matrix.
- Procured corporate insurance and administered corporate insurance programs.
Affiliations
- Participant, 2017 35 Under 35 Women’s Leadership Program
- Co-lead and Lead, 2018 - 2019 35 Under 35 Women’s Leadership Program
- Volunteer, United Way Community Investment Review Panel
Timeline
Director of Enterprise Risk Management
Blue Cross Blue Shield of North Dakota
03.2021 - Current
Supervisor
Blue Cross Blue Shield of North Dakota
01.2020 - 03.2021
Risk Management Advisor
Blue Cross Blue Shield of North Dakota
05.2015 - 01.2020
Senior Auditor
Blue Cross Blue Shield of North Dakota
03.2014 - 05.2015
Auditor I
Blue Cross Blue Shield of North Dakota
04.2011 - 03.2014
Bachelor of Accounting -
University of Minnesota
09.2005 - 12.2010