Head of Operational 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.

Basic Function:

The Head of Operational Risk Management (ORM) is a leadership role responsible for building critical ORM programs in collaboration with first, other second line and third line partners and building foundational operational risk management processes, ensuring alignment with organizational strategy. This role will ensure ORM processes are executed consistently, and foundational components (e.g., taxonomies) are incorporated into new and existing ORM processes. The Head of ORM will have several programs in their portfolio, including but not limited to, Business Resiliency, Disaster Recovery, Crisis Management, and Insurance. This position will work closely with the Association’s senior leaders to ensure ORM programs and processes identify, assess, respond to, measure, monitor and communicate operational risks and opportunities in accordance with industry standards and best practices. The Head of ORM will report into the Executive Head of Enterprise Risk Management (ERM).

Key Responsibilities:

ORM Program Management and Risk Leadership:

• Develop the ORM framework and revise, enhance, and execute consistently the operational risk management policy, methodology and related policies, procedures, work instructions, and frameworks; fill critical program gaps within ORM and where applicable, develop and mature existing operational risk management capabilities and activities.

• Design ORM programs and processes that, where applicable, provide support to all business functions as they pertain to their specific operational risk management efforts, including third party risk and other operational risk initiatives that make up the broader ORM portfolio.

• Lead operational risk reviews and/or risk assessments of new products and services in line with AAC strategy

• Design the operational risk assessment approach for change initiatives (including M&A activities, technology changes or conversions, automation, etc.)

• Monitor project risk, where applicable, across major strategic initiatives and projects to ensure second line effective challenge occurs as projects are executed.

• Champion a strong risk culture across the organization, embedding risk awareness into decision-making and performance management in line with the Enterprise Risk Framework and Risk Appetite and produce or create training materials for ORM programs tailored to applicable audiences involved in execution of the program across AAC.

• Communicate with Senior Leaders, the Executive Team and Board of Directors.

• Serve as an integral member of the Executive Leadership Group (ELG).

• Serve as a member of the Operational Risk Committee (ORC).

• Build organizational capacity and future leaders to enable success; works under general direction of Executive Head of ERM.

ORM Risk Assessments, Monitoring & Reporting:

• Execute the ORM risk reporting strategy and approach as designed by the Director of Enterprise Risk Management (ERM), in concert with the Integrated Risk Reporting Team, for management, Executive Team, risk subcommittees, Governance and Risk Committee (GNR) ensuring appropriate connectivity between ORM programs and said reporting and enabling the Association’s ability to understand its operational risk posture.

• Revise, mature and consistently execute the Association’s risk and control self-assessment (RCSA) program via a risk-based approach, to ensure consistent identification, evaluation, prioritization, management, monitoring and reporting of operationa