Job Details

SVP Chief Risk Officer

Location:   Louisville, KY

Salary:   based on experience


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  • Are you a strategic, financial services leader with expertise in enterprise risk management?
  • Are you looking to further expand and influence a firm’s approach to risk? Someone who thinks about risk for the business (not just the decision)? 
  • Are you someone who believes ERM is about risk and opportunity; using risk as an offense?
  • Can you lead and further develop a well-functioning team that prides itself on the way it thinks, its use of data analytics, and how it executes across the organization?

 

CLIENT SUMMARY:

Farm Credit Mid-America (“FCMA”; https://www.e-farmcredit.com/) is an agricultural lending cooperative owned and controlled by its customers.  With more than 1,100 employees FCMA is one of the largest associations within the Farm Credit System serving nearly 100,000 customers throughout Indiana, Ohio, Kentucky and Tennessee.

The cornerstone of FCMA is passion for its mission – to secure the future of rural communities and agriculture.  This is achieved by being the most valued financial partner to the farmers, ranchers, cooperatives and agribusinesses it serves.  FCMA prizes and cultivates adaptability, creativity and performance in its employees and to that end invests heavily in the development of leaders at every level.  For the seventh consecutive year, FCMA was recently recognized as one of the Best Places to Work in Kentucky. 

 

JOB SUMMARY:  

The SVP CRO reports to the CEO and is a member of the Executive Committee. S/he is a natural and trained leader adept at leading and influencing an organization with new and different ways to approach business decisions and opportunity through enterprise risk management.  A proven passion for leading and developing leaders will be critical for success – this is a deeply rooted hallmark of the culture.  The CRO chairs the FCMA Credit Policy Committee, Enterprise Risk Management Committee, is a participating member of the Loan and ALCO committees and serves as direct liaison to the Risk Management Committee of the Board of Directors

 

A strong and well-respected staff of 20 reports to the CRO and are split between the Risk and Compliance functional areas.

 

The CRO will provide strategic leadership for the association’s ERM philosophy and program. 

 

KEY JOB 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.

 

IDEAL CANDIDATES’ QUALIFICATIONS AND EXPERIENCE:

  • Bachelor’s degree in business, finance or management required
  • Masters’ degree preferred
  • 10-15 years of progressively responsible experience in bank operations, credit, finance or management
  • 6-10 years in a successful leadership role in a mid-to large financial services organization, being responsible for a business unit and organizational strategy and direction; proven experience and adept at having organizational-wide influence
  • Exceptionally strong business acumen
  • Highly communicative – articulate, transparent and ability to effect change through persistent influence
  • Senior risk leadership experience (ideally credit and non-credit) highly preferred

 



Contact:

Rick Maier, Partner

rmaier@gilmanpartners.com

513.842.5313