Ashland Corporate

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Risk Manager

Risk Manager

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Risk Manager


**The position will be located at Ashland corporate headquarters in Covington, Kentucky.


Reporting to the Director of Enterprise Risk Management and Insurance, the Risk Manager will execute solutions to reduce Ashland's total cost of risk and protect the company's physical and financial assets, with the following responsibilities:


Strategic Risk Management

  • Execute Ashland's risk management strategy to reduce total cost of risk and protect of the company's physical and financial assets
  • Advise business units regarding risk exposures, applicable insurance coverage and risk mitigation strategies
  • Develop executive reports of risk management performance metrics
  • Work with Executive Management and key process owners on the evaluation reporting, and improvement of processes around the effective monitoring and mitigation of key operational and strategic risks
  • Assess and report on all key risks that threaten the Ashland enterprise
  • Establish programs to better monitor and mitigate identified risks,
  • Support, maintain and design exercise of corporate crisis management structure

Risk Financing Solutions

  • Take a lead in analysis and evaluation of strategic alternatives to risk transfer and insurance
  • Design and implement processes to compile and validate global risk exposure data including key financial and operational metrics, business interruption values, and historical claims statistics
  • Design and implement program to minimize cost of risk financing programs including environmental financial assurance requirements and collateral requirements of insurers, while optimizing risks retained on the corporate balance sheet
  • Participate in contract negotiations, including selected insurers, coverage limits, terms, conditions, exclusions and premiums
  • Leading more complex casualty program, information gathering and strategic design.
  • Take a lead in the analysis and evaluation of alternatives for risk transfer and insurance, design and implement process for compiling risk exposure data, design and implement costs savings strategies, negotiate with insurance providers, and implement optimized insurance and financial assurance strategies.
  • Implement risk financing cost allocation methodologies in both insurance and financial assurance roles

 Risk Management Services

  • Participate in the negotiation of risk management-related services and compensation provided by Ashland's insurance brokers, third-party claims administrators (TPAs), loss control engineers, actuary, captive managers and other vendors; monitor vendor performance relative to service agreements
  • In conjunction with other Ashland resource groups, develop solutions and generate buy-in among key stakeholders to reduce claims frequency and severity
  • Provide coordination and support to risk analysts and various constituents of Ashland’s global crisis management framework
  • Complete ownership of end to end worker’s compensation governance and oversight processes - including data integrity, claims process, managing inputs from claims team, EHS and third party vendors, monitoring a ~20 MM reserve and multi-million dollar annual spend. 
  • Oversees claims reviews to identify areas in Worker's compensation to drive down number of claims and claims cost.

 Administration & Controls

  • Implement risk management financial controls in accordance with Ashland internal audit requirements (e.g., review and validate invoices and vendor payments)
  • Monitor third party contractual compliance with Ashland insurance and indemnification requirements



  • Minimum 5+ years risk management, finance or internal audit experience with increased responsibility and varied duties, preferably in a multinational corporate environment
  • Strong interpersonal and communication skills
  • Sound analytical techniques and ability to understand and communicate complex financial concepts
  • Bachelor's degree - M.B.A. or J.D. preferred
  • CPA, ARM, CRM, OR CPCU designation or relevant industry credentials a plus
  • Strong organization skills
  • Ability to manage multiple projects
  • Highly detail oriented
  • Strong Microsoft Office skills

  Travel requirement: Up to 25%


TO APPLY FOR THIS POSITION, please select the Apply button. If no Apply button is provided, please visit Ashland's Career Center. Once there, enter job number 2017-6869 in the Keyword Search field to find this posting and apply on-line.


NOTE:  We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have a signed recruiting agreement in place to fill a specific position.


Ashland Global Holdings Inc. (NYSE: ASH) is a premier global specialty chemicals company serving customers in a wide range of consumer and industrial markets, including adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical. At Ashland, we are 7,000 passionate, tenacious solvers - from renowned scientists and research chemists to talented engineers and plant operators - who thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Visit to learn more.




Ashland. always solving


We are passionate, tenacious, solvers who thrive on developing practical, innovative and elegant solutions to complex problems in applied chemistry, always pushing the boundaries of what’s possible, and advancing the competitiveness of our customers across diverse industries.

Our people—molecular scientists, chemists, process engineers, logisticians, research scientists, economists, analysts, compliance auditors, salespeople, safety experts and more—are distinguished by their ability to create and apply specialized chemistry in ways that enable customers to amplify the efficacy, refine the usability, add to the allure, ensure the integrity, and improve the profitability of their products and applications.


The Ashland Way


Our vision, mission, way and values are the foundation for what makes Ashland, Ashland. What we aspire to accomplish, how we work every day toward that vision, and the way that we do things are what give substance to the promises we make to each other, customers and investors.


Our vision is to make a better world by providing creative solutions through the application of specialty ingredients and materials.


Our mission is to develop practical, innovative, and elegant solutions to complex problems in applied chemistry, always pushing the boundaries of what’s possible, and advancing the competitiveness of our customers across diverse industries.


Our way is to respect, protect, and advance the people we work with, companies we serve, shareholders who invest in our future, communities we’re a part of, and planet we share.


Ashland is proud to be an Equal Opportunity Employer Minorities/Women/Veterans/Disabled/Gender Identity/Sexual Orientation. 

Ashland is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, or protected veteran status and will not be discriminated against on the basis of disability.





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