Provides strategic leadership for the association’s enterprise-wide risk management program and serves on the Leadership Team. Works directly with the Board of Directors to establish an integrated risk framework and define the overall risk appetite for the association. Partners with senior management to establish an enterprise view of risk and foster a risk aware culture. Works directly with each business unit to identify risks and integrate risk management activities across all business units to mitigate risks and to allocate capital to build association/owner value with a full understanding of both the positive and negative potential of risks involved. Participates in committees, such as Loan, and Asset/Liability. Enhances the association’s risk management readiness through communication and training programs, risk-based performance measurement and other change management programs. Develops risk measurement and reporting systems for the Board and management.
MAJOR RESPONSIBILITIES :
1. Strategy & Planning
· Creates a risk-aware culture by overseeing the association's enterprise risk management framework and working directly with senior management and business unit managers.
· Works directly with the Board of Directors to identify the association's risk appetite and establish risk guidelines that are aligned with strategic business objectives. Ensures Board and management share a common understanding of risk appetite and the control expectations to ensure results are consistent with board direction.
· Chairs association Enterprise Risk Management Committee and serves as direct liaison to the Risk Management Committee of the Board of Directors.
· Develops risk identification, mitigation and reporting processes to meet Board expectations, while achieving cooperation among senior management team. Works with management and Board to develop strategic business plan through identifying all significant risks; challenging strategic assumptions; and embedding an awareness of the risk appetite and culture into the everyday business practices throughout the association.
· Participates in and observes association committees including loan committee and ALCO, that have risk management responsibilities.
2. Operational Leadership
· Integrate risk management activities of individual business units into an integrated view across the entire organization. This includes establishing open channels of communication and bringing functional leaders across the organization to balance risks and new business opportunities to achieve optimal overall association performance.
· Collaborate with association and Farm Credit System leaders relating to System risk initiatives. Work with risk managers at other Farm Credit organizations and will assist with System initiatives as needed.
· Manages staffing to approved levels and budgets. Participates in various committees across the bank to understand business risk and insure coordinated processes and decision making are occurring.
· Ensures effective management of the department which includes, but is not limited to, employing, granting authorities, setting standards, evaluating performance, correcting deficiencies, developing skills, coaching, retention and making salary adjustments. Promotes and supports Affirmative Action and fair treatment of employees in a discrimination-free work place and adheres to the association’s budgetary objectives and human resources policies and procedures.
· Ensures the overall integrity of enterprise-wide risk management systems for the association.
· Develops and implements the risk management annual operating and capital budgets for purchasing, staffing, and operations.
· Remains up-to-date and knowledgeable of industry trends and innovations to determine the potential value to the association and enhances the association’s risk position.
· Maintains external relationships, manages productive vendor relationships, and participates in technology organizations to gain industry knowledge, share information, and enhance the association’s image.
3. Represents and communicates the mission and values of Farm Credit Mid-America and complies with its conduct policy, security policy and confidentiality expectations.
Education and Experience: VP level position requires a bachelor's degree in a business, finance or management; a master’s degree in business or economics is preferred. Six or more years of progressively responsible experience in the fields of bank operations, credit, finance, or management; with at least two of which have been in a leadership role or demonstrating leadership capabilities. Financial industry or Farm Credit System experience preferred.
We are proud to be an EEO/AA employer M/F/D/V.