Director, Corporate Risk

JOB DESCRIPTION

Given the financial nature of this position, this position has been defined as a position requiring a credit check. Prior to being hired, promoted, or transferred into the position, the candidate must successfully pass a credit background check.

Leads the corporate risk function, including the Enterprise Risk Management (ERM) program, insurance structuring, financial risk transfer mechanisms, and credit risk.

• Consults, informs, and assists the Company officers in the identification and assessment of important risks, and supports the development of risk mitigation plans aligned with the Company's vision, values, and strategic objectives and goals
• Provides analysis and recommendations to facilitate robust risk-related discussions among members of Executive Policy Committee, the Board of Directors, and Business Unit leaders
• Stays abreast of internal and external developments that may impact the Company's risk profile and leverage this information to provide an independent risk management view on business area and Company-wide projects
• Leads the administration and continuous improvement of the Company's ERM processes, tools, and communications
• Benchmarks the TXNM ERM program against other utility and non-utility companies' programs
• Leads the development of ERM documents for the Board of Directors and senior management that involve numerous sources of information and contributions from multiple authors, including the Annual ERM Update to the Board and various other risk reports to the Board and Senior Management
• Establishes and maintains broker/insurer relationships to align the company’s exposure profile with competitively priced insurance products
• Manages insurance contractual risk transfer for a wide variety of construction, generation, transmission and distribution, and business contracts
• Manages the negotiation and renewal of various insurance and brokerage contracts
• Manages self-insurance program, claims reserves, and allocation processes
• Oversees the processes to ensure compliance and governance processes are in place and meet needs for effective transfer of information
• Responsible for keeping abreast of insurance industry developments and the application of such in the Company’s insurance program

• Ability to lead others for whom you have no direct authority
• Ability to analyze complex information and identify patterns or trends and their potential impact on the risk profile of the business
• Working knowledge of complex decision-making processes and the ability to structure and direct sophisticated business, risk, and strategic processes for robust, quality decisions
• Strong analytical skills, particularly those suitable for risk assessments and strategic risk mitigation planning, i.e., ability to frame options related to business risk and issues and independently develop details and analysis
• Ability to synthesize qualitative and quantitative information effectively and to integrate diverse information, including technical information, for valuable insights
• Ability to build consensus and gain senior management buy-in for risk- and strategy-related recommendations
• Ability to constructively challenge ERM process participants, including senior management, to advance enterprise risk management awareness and effectiveness
• Ability to exercise sound judgment to achieve desired performance, effectively manage time, schedule, and track several complex processes work streams and projects simultaneously, and to drive work to completion in a complex, deadline-driven environment
• Understands and applies best practices with respect to risk management internal controls and risk reporting
• Advanced knowledge of insurance, risk controls, enterprise risk, and risk mitigation strategy
• Advanced knowledge of insurance products, coverage, markets, industry issues, fiduciary and liability issues, regulation, loss control, and risk aversion
• Ability to utilize fundamental engineering principals to evaluate technical materials and documents for generation and transmission and distribution facilities
• Ability to design and implement risk management projects involving…