Director, Corporate Risk

LocationAlbuquerque, NM
Job TypeFull-time
Salary$138,283-$248,909

About This Job


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

SUMMARY:

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

ESSENTIAL DUTIES AND RESPONSIBILITIES:

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


COMPETENCIES:

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 integration with multiple business and operating units
Ability to apply risk control theories to create risk action plans that mitigate exposures through mechanisms of risk transfer, prevention, and reduction
Ability to utilize applied statistics for practical application to financial and risk problems
Collaborator with strong interpersonal and organizational skills, with the ability to develop extensive contacts
Ability to effectively use language, document design and graphics design to express complex technical and business concepts in clear, concise, understandable ways to various readers

QUALIFICATIONS

MINIMUM EDUCATION AND/OR EXPERIENCE:

Bachelors degree from a four-year college or university with at least ten years of related experience, or equivalent combination of education and/or experience related to the discipline.

Certification in either Chartered Property Casualty Underwriter (CPCU) or Associate of Risk Management (AEM) required.

Masters Degree is preferred

SUPERVISORY RESPONSIBILITIES:

Hires, trains, evaluates, rewards, motivates and terminates employees. Designs, organizes, prioritizes, schedules, and leads work assignments. Fosters good working relationships with various groups.

COMMUNICATION SKILLS:

Ability to interpret a variety of documents furnished in written, oral, diagram, schedule, legal, and contractual formats

Strong verbal and written communication skills, equally effective at conveying key information to the Board and senior management and defending positions in formal and informal settings with senior management

Ability to effectively give persuasive speeches and presentations on ERM and key strategic topics, as well as controversial or complex topics, to various audiences

Ability to write complex correspondence and reports and use graphical techniques to successfully convey complex information

Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization

MATHEMATICAL SKILLS:

Ability to effectively utilize mathematical concepts such as probability, statistical inference, correlation, and regression

COMPUTER SKILLS:

Proficiency in Microsoft Office Suites, especially word and excel, and other common analysis, reporting and presentation software packages

ANALYSIS AND PROBLEM-SOLVING ABILITY:

Ability to apply principles of logical, strategic, critical and scientific thinking to a wide range of intellectual and practical problems

Ability to solve practical problems and deal with a variety of variables in situations where only limited or no standardization exists

DECISION MAKING:

Understands and utilizes decision theory to create strategic and tactical support documents for stakeholders. Demonstrates solid judgment when analyzing problems and makes difficult choices under uncertain conditions in dynamic environments with many variables.

SCOPE AND IMPACT:

Accountable for decisions and activities that have a high potential for making a significant financial impact on the company's risk profile. Risk budget, which is coordinated with senior management, seeks to mitigate exposures which can have financial impacts in the hundreds of millions of dollars.

PHYSICAL DEMANDS:

Ability to sit up to 2/3 of the time and to stand, walk, and stoop up to 1/3 of the time. Good vision and ability to adjust focus is required. Manual dexterity is required. Must occasionally lift and/or move up to 15 pounds.

WORK ENVIRONMENT:

Office environment. Occasional travel may be required.

Employees in Services Company may be responsible for providing services to various Holding Company subsidiaries and affiliates.


SAFETY AND ADA STATEMENT

Safety Statement:

Safety is a core value at (TXNM Energy/PNM/TNMP) and our vision, "everyone goes home safe", reflects our commitment to promoting an environment conducive to learning, improving and building safety practices. Our safety value is built upon the belief that every employee deserves to work in an environment free from harm.

Americans with Disabilities Act (ADA) Statement:

If you require assistance with the job application process due to a disability, please contact HR ADA Analyst, at 505-241-4627.

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