Director of Enterprise Risk Management

Why should you join our team?

American AgCredit offers a unique opportunity to be a part of a national financial system supporting those who feed, clothe and fuel the world. We are a growing organization embracing collaboration and innovation while delivering transformative solutions. American AgCredit provides a cultivating environment where you truly make a difference for our customers and teams.

Benefits offered by American AgCredit:

• 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
• The position is bonus eligible based on association and personal performance

Position will be posted until filled.

Overview:

The Director of Enterprise Risk Management (ERM) is a leadership role responsible for building critical ERM programs in collaboration with first, other second line and third line partners and building foundational risk management processes, ensuring alignment with organizational strategy. This role will work in close collaboration with other ERM team members to ensure ERM processes are executed consistently, and foundational components (e.g., taxonomies) are incorporated into existing processes. This is currently an individual contributor position with the potential to evolve into a leadership role overseeing teams in the future. This position will work closely with the Association’s senior leaders to ensure ERM programs and processes identify, assess, respond to, measure, monitor and communicate key business risks and opportunities in accordance with industry standards and best practices. The Director of ERM will report into the Executive Head of Enterprise Risk Management (ERM).

Key Responsibilities:

ERM Program Management and Risk Leadership:

• 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.

ERM Risk Assessments, Monitoring & Reporting:

• 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.

Regulatory Compliance, External Engagement & Governance:

• 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.

Levels of Supervision Exercised and Received:

Reports to the Executive Head of Enterprise Risk Management and responsible for the oversight of a team of professionals.

Typical Education & Experience:               

• 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), programs risk management processes, risk appetite statements, key risk measures/indicators (leading vs. lagging), risk assessment, and review.

• 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.

Essential Requirements:

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.

PAY RANGE:

This range is reflective of the national salary average for this position and will be adjusted using geographic variance for physical location of the hired candidate. American AgCredit may compensate outside of the salary range for bona fide reasons not related to membership in a protected class.

• Reflected is the national base pay range and title offered for this job at the current level.

• Compensation, title, and job level may be adjusted based on candidate qualifications including but not limited to achievements, skills, experience, or work location.

• Salary offered, within the applicable range, is one component of the total rewards package offered to candidates.

All hiring is contingent on eligibility to work in the United States. We are unable to sponsor or transfer visas for applicants.

American AgCredit provides equal opportunity in employment to all employees and applicants. We celebrate diversity and do not discriminate on the basis of race, color, creed, religion, national origin, ancestry, alienage or citizenship status, age, sex, sexual orientation, gender identity, gender expression, marital status, genetic information, medical condition, physical or mental disability, pregnancy, childbirth or related medical condition, military service or veteran status, victims of domestic violence, or any other characteristics protected by applicable federal, state, or local laws. American AgCredit prohibits harassment of any individuals on any of the bases listed above.
If you need assistance or an accommodation due to a disability, you may contact us at [email protected].