Director of Enterprise Risk Management

Role Overview

• Revise, enhance, and execute the enterprise risk management framework and related policies, procedures, SOPs, methodologies and frameworks
• Fill critical program gaps within ERM and where applicable, develop and mature existing risk management capabilities and activities
• Design ERM programs and processes that, where applicable, provide support to all business functions as they pertain to their specific risk management efforts, including model risk, third party risk, cybersecurity risk, ESG risk initiatives and other risk initiatives that make up the broader ERM portfolio
• Develop and implement standardized process, risk and control taxonomies for processes, risks and controls across the enterprise
• Establish and oversee control standard programs to ensure consistency and effectiveness
• Support facilitation of refreshing AAC’s risk appetite annually to increase quantitative considerations and further refine qualitative statements
• Oversee periodic recalibration aligned to capital, liquidity, and growth goals
• Champion a strong risk culture across the organization, embedding risk awareness into decision-making and performance management
• Produce training and communication materials regarding Enterprise Risk Management programs and requirements to further embed risk awareness into decision-making
• Communicate with Senior Leaders, the Executive Team and Board of Directors
• Serve as an integral member of the Leadership Group (LG)
• Build organizational capacity and future leaders to enable success; works under general direction of Executive Head of ERM
• Design and execute the ERM risk reporting strategy and approach, in concert with the Integrated Risk Reporting Team, for management, Executive Team, risk subcommittees, Governance and Risk Committee (GNR) ensuring appropriate connectivity between ERM programs and said reporting and enabling the Association’s ability to understand its enterprise risk posture
• Coordinate with leaders and teams across primary risk areas (e.g. credit, technology, etc.) to guide processes to identify, assess, monitor, and report risk in line with ERM framework requirements
• Primary role will be defining the vision for how to streamline metrics and reporting to tell a more meaningful story and working with the Integrated Risk Reporting Team (IRRT) to implement changes to existing dashboards
• Influence the strategic development and maintenance of management and Board-level risk reporting to support appropriate business and strategic decisions, including an appropriate process for the timely escalation of key risk issues and exceptions to risk appetite
• In collaboration with the Integrated Reporting Team, run the Enterprise Risk Assessment (ERA) at least annually, continuously incorporating lessons learned and improvements from prior cycles to mature the assessment approach
• Ensure periodic recalibration of KRIs as business models, processes, and risk exposures evolve
• Develop appropriate enterprise risk management aggregate reporting capabilities
• Work with the Executive Head of ERM to design and conduct comprehensive non-operational risk assessments to ensure that all existing and emerging risks are appropriately identified, evaluated, prioritized, managed and monitored
• Establish risk measurement tools and key risk indicators
• Apply Second Line of Responsibility expertise to independently monitor, test, challenge, and report on risk-taking activities, ensuring an aligned and coordinated adherence to the Association’s risk appetite and regulatory standards
• Support the Association’s Risk Sub-Committees as needed
• Work with the Executive Head of ERM to ensure that appropriate policies, procedures, systems and controls are in place to enable risk-based decision making and the measurement and quantification of risks across the Association
• Collaborate with Internal Audit, Compliance, and Legal teams as well as the senior and executive leaders of the Association to ensure compliance with FCA and other regulations
• Work with the Executive Head of ERM to maintain and evolve the Association’s risk appetite framework, policies, and governance structures, as well as organizational learning and development of those concepts.

Requirements

• Bachelor’s degree in a relevant field
• 8+ years of progressively responsible experience in risk management or related fields is essential
• Advanced degree or professional certifications (FRM, CFA, CPA, CIA) relevant to the risk management profession are a plus
• Expert knowledge and thorough understanding of designing, building and executing Enterprise Risk Management frameworks (e.g., COSO)
• Strong business acumen with very high attention to detail and level of accuracy
• Prior experience designing and executing enterprise risk assessments
• Passion for and proven ability to design, build and execute programs and processes across ERM and the Association, ensuring individuals are appropriately integrated and leveraging existing capabilities
• Clear thinker with the ability to break down and present complex issues in a simple and concise manner
• Highly flexible, self-starter who works well in a rapidly changing, fast-paced, and high visibility environment
• Exceptional written and oral communication and facilitation skills, professional presence, positive demeanor, and ability to interact effectively with and report to all levels of employees, management, external auditors, and regulatory agencies
• Ability to solve problems and execute work quickly, accurately, and thoughtfully
• Possess a forward-thinking, enterprise mindset to stay ahead of potential, emerging risks
• High integrity and discretion, sound judgment, and strong work ethic
• Ability to travel domestically up to 10% annually
• Must have the ability to perform basic office tasks and work in a typical office setting.
• Employee will be sitting for extended periods of time and accomplishing work at a desk and work at a computer for an extended period.
• Must have strong written and verbal communication skills to adequately convey ideas and work well with a team.
• Some lifting and moving of items up to 25 pounds required.
• Work during established business hours and may require occasional weekend and/or evening work.
• Position requires the ability to travel.

Tech Stack

• Cyber Security

Benefits

• Commitment to agriculture and the communities we serve
• Family friendly work environment
• Investment in employee development
• Medical, Dental and Vision coverage
• Outstanding 401k – automatic 3% employer contribution, plus match up to 6%
• Generous Paid Time Off (Vacation accrued at 26 days annually, Sick Days accrued at 15 days annually, 12 paid holidays, plus 16 hours of volunteer time)
• Competitive Incentive Compensation Plan
• Disability & Life Insurance
• Employee mental, physical, and financial wellness programs