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.