Head of Insurance and Risk Management

Compensation

$266K – $295K • Offers Equity

The base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. If the role is non-exempt, overtime pay will be provided consistent with applicable laws. In addition to the salary range listed above, total compensation also includes generous equity, performance-related bonus(es) for eligible employees, and the following benefits.

• Medical, dental, and vision insurance for you and your family, with employer contributions to Health Savings Accounts

• Pre-tax accounts for Health FSA, Dependent Care FSA, and commuter expenses (parking and transit)

• 401(k) retirement plan with employer match

• Paid parental leave (up to 24 weeks for birth parents and 20 weeks for non-birthing parents), plus paid medical and caregiver leave (up to 8 weeks)

• Paid time off: flexible PTO for exempt employees and up to 15 days annually for non-exempt employees

• 13+ paid company holidays, and multiple paid coordinated company office closures throughout the year for focus and recharge, plus paid sick or safe time (1 hour per 30 hours worked, or more, as required by applicable state or local law)

• Mental health and wellness support

• Employer-paid basic life and disability coverage

• Annual learning and development stipend to fuel your professional growth

• Daily meals in our offices, and meal delivery credits as eligible

• Relocation support for eligible employees

• Additional taxable fringe benefits, such as charitable donation matching and wellness stipends, may also be provided.

About the Role

OpenAI is seeking an accomplished insurance and risk management leader to establish and lead its global insurance function within Treasury. You will develop a forward-looking risk financing strategy, protect the company's balance sheet, and enable informed decision-making as OpenAI expands its products, infrastructure, partnerships, and international presence.

In this role, you will:

• Design, implement, and continuously improve a global insurance program covering key lines, including cyber, directors and officers (D&O), errors and omissions (E&O), property, general liability, international programs, and emerging AI-related exposures.

• Lead annual renewals, coverage reviews, market submissions, insurer negotiations, broker performance, and ongoing program optimization.

• Lead the evaluation of captive insurance structures, including feasibility analysis, domicile and governance considerations, capitalization, service-provider oversight, and performance monitoring.

• Establish a rigorous approach to identifying, quantifying, prioritizing, and mitigating insurable and enterprise risks.

• Partner with Finance and Treasury leadership on balance sheet protection, liquidity planning, capital efficiency, captive capitalization, and broader risk financing decisions.

• Assess insurance and risk implications of new products, strategic partnerships, acquisitions, international expansion, and significant infrastructure investments.

• Coordinate with Accounting, Tax, Legal, and Internal Audit on insurance accounting, controls, compliance, and governance matters.

• Own the claims management framework, coordinating timely and effective responses with internal stakeholders, brokers, counsel, and carriers.

• Develop enterprise risk and insurance policies, governance routines, controls, escalation protocols, and reporting standards.

• Prepare clear management and board-level reporting on exposures, claims trends, coverage adequacy, risk mitigation priorities, and financial impact.

• Help shape enterprise resilience, crisis response, and business continuity planning as the organization grows.

You might thrive in this role if you have:

• 12+ years of progressive experience in corporate insurance, enterprise risk management, treasury, brokerage, underwriting, or a closely related advisory field.

• Demonstrated experience designing or leading sophisticated insurance programs for a large-scale technology, infrastructure, or multinational organization. Strong preference for those with experience in a public company, late-stage high-growth technology company, or similarly complex global environment.

• Deep expertise in cyber, D&O, E&O, property/casualty, and complex commercial insurance structures, including risk transfer and retention analysis.

• Substantial experience establishing and managing captive insurance companies, including structuring, governance, capitalization, regulatory coordination, and ongoing program administration.

• Proven ability to combine strategic judgment with hands-on execution, operational rigor, and scalable process development.

• Excellent communication skills and a record of influencing cross-functional stakeholders and senior decision-makers.

• Strong partnership orientation across finance, legal, security, technology, and operational teams.

• Experience navigating emerging technology exposures, major cyber risks, large infrastructure footprints, or global program structures.

• Experience with board reporting, enterprise risk governance, or alternative risk financing solutions beyond captive programs.

About OpenAI

OpenAI is an AI research and deployment company dedicated to ensuring that general-purpose artificial intelligence benefits all of humanity. We push the boundaries of the capabilities of AI systems and seek to safely deploy them to the world through our products. AI is an extremely powerful tool that must be created with safety and human needs at its core, and to achieve our mission, we must encompass and value the many different perspectives, voices, and experiences that form the full spectrum of humanity.

Benefits

OpenAI offers a comprehensive benefits package to support the well-being of our employees and their families. This includes medical, dental, and vision insurance, as well as pre-tax accounts for Health FSA, Dependent Care FSA, and commuter expenses. We also offer a 401(k) retirement plan with employer match, paid parental leave, and paid time off. Additionally, we provide mental health and wellness support, employer-paid basic life and disability coverage, and annual learning and development stipend.

Diversity, Equity, and Inclusion

OpenAI is committed to creating a diverse, equitable, and inclusive workplace where everyone feels valued and respected. We strive to attract and retain top talent from a wide range of backgrounds and perspectives, and we believe that diversity is essential to our success. We are an equal opportunity employer and welcome applications from all qualified candidates.

How to Apply

If you are passionate about working in a dynamic and innovative environment, and you have the skills and experience we are looking for, please submit your application through our website. We look forward to hearing from you!