AMERICAN MUNCIPAL POWER, INC.
Position Title: Chief Risk Officer
Reports To: Executive Vice President Member Services and External Affairs, President/CEO and AMP Board of Trustees
FLSA Status: Exempt
Basic Function: The Chief Risk Officer is responsible for the overall management of the Middle Office (independent oversight, compliance, control and monitoring), as well as overseeing the Enterprise Risk Management (ERM) program, internal controls, corporate insurance policies, strategic planning and records management. The CRO will work with AMP ownership partner, The Energy Authority (TEA), to ensure the maximum utilization of the TEA resources.
- Maintain all AMP risk control policies and ensure that they remain current with industry standards and practices.
- Supervise certain positions and functions.
- Assess and recommend internal and external controls and procedures pertaining to AMP’s risk management.
- Chair AMP’s Risk Management Committee.
- Monitor transaction activities to ensure compliance with AMP’s risk control policies, identify and report non-compliance events and recommend measures to prevent non-compliance.
- Evaluate financial impacts and risk exposures of current and new transactions and hedging strategies with respect to AMP risk policies.
- Monitor and report on market conditions relative to energy risk management, risks for energy portfolios and individual transactions as required by AMP risk policies.
- Evaluate and manage credit risk exposure with current and potential counter parties.
- Ensure appropriate data management, validation and testing within the risk management system.
- Oversee AMP’s Enterprise Risk Management Program (ERM).
- Develop, implement and oversee an organization-wide internal control process under the direction of the President/CEO.
- Oversee non-health related corporate insurance policies, coordinate with broker and ensure premiums are competitive.
- Oversee organization-wide strategic planning process, including implementation of strategies developed by the AMP Board of Trustees and Executive Management Team.
- Oversee corporate records management to ensure proper retention and reduce waste.
- Demonstrate an understanding of the fundamentals of credit evaluation and the application to energy transacting.
- Develop and maintain skills and techniques in identifying risk hazards and direct program activities to minimize this exposure.
- Excel in quickly conceptualizing and assimilating data to make decisions and take appropriate action.
- Able to take a leadership role, establish goals and objectives, and complete assignments in a timely manner.
- Perform other duties as assigned, including supervision of staff.
Knowledge, Skills And Qualifications:
- A minimum of a Bachelor’s degree in engineering, mathematics, science, accounting, finance, or other quantitative discipline required.
- A minimum of ten years related experience in energy operations, financial or energy risk management, internal controls and experience with Enterprise Risk Management is strongly preferred.
- A minimum of five years of supervisory experience is required.
- Must demonstrate strong leadership abilities and interpersonal skills and function well in a team environment.
- Ability to forge strong working relationships and build consensus at all levels of the organization.
- Ability to effectively present information to management, public groups and/or board of directors.
- A solid understanding of modern risk measurement methods, processes and techniques is required.
- Proficiency in Microsoft Office is required.
- Must demonstrate knowledge in decision analysis techniques and comfort with handling issues involving risk and uncertainty.
- Global Association of Risk Professional (GARP) or Professional Risk Managers’ International Association (PRMIA) certification desired.
- Previous experience in trading or managing groups of traders is desired.