Mark StephensDirector of Risk Advisory Services
 CCSA

Current responsibility

Mark manages the Milliman Enterprise Risk Management (ERM) Services practice group. The practice delivers a portfolio of risk consulting services, such as enterprise risk design, test and build projects, operational risk assessments, ERM education and training, and ERM technology evaluation. The ERM practice uses diagnostic consulting strategies to understand an organization’s enterprise risk goals and challenges and then customizes solutions to deliver required business results.

In addition, Mark is the Executive Director of the Milliman Risk Institute, which supports Enterprise Risk Management research and development. The Milliman Risk Institute Advisory Board meets on a semi-annual basis and conducts corporate surveys and publishes the results along with expert commentary.

 

Experience

Mark began his career as a risk management consultant for Federated Mutual and later transitioned to managing director for Aon Risk Services. While at Aon, Mark designed and managed Aon Value Exchange, which provided pricing and margin guidance for broker products and services. In addition, Mark managed the Aon Global eSolutions Group, which developed risk analytics software for multinational clients to assist with enterprise risk, claims management, exposure management, and policy management. Mark served on the management teams for Aon’s Enterprise Risk Practice Council, the Financial Institutions Practice Group, and the ARS-US National Service Board. Mark also led national and international “change management” teams for risk software integration and for margin improvement. Finally, Mark was CEO of Aon RiskLabs and led the M&A team for Aon’s acquisition of Risk Laboratories and Valley Oak Systems.

In 2007, Mark founded Strategic Risk Partners, where he designed industry-leading best practices for enterprise risk management and operational risk. In addition, he developed a unique online software platform for collaboration around governance, risk and compliance, ERM, and operational risk.

 

Education

  • BS, Finance, Indiana University
  • Participation in MBA Executive Masters studies at Harvard Business School, Northwestern Kellogg School, Duke Fuqua School of Business, and Butler University
  • CCSA, The Certification in Control Self- Assessment® from The Institute of Internal Auditors (IIA)
 
CONTACT INFORMATION
Mark  Stephens 

Office: Chicago, Ill.

Phone: +1 312.499.5765