Reports To: Vice President of Risk & Chief Risk Officer
FLSA Status: Exempt
Basic Function: The Director of Risk and Internal Controls serves as key back up to the Chief Risk Officer on Middle Office, insurance and internal budgeting functions. The Director also serves as the lead on the development, implementation and tracking of internal controls enterprise wide.
Assess current internal and external controls and procedures pertaining to AMP’s Risk Management Policy.
Work under the direction of the President/CEO (and Executive Management Team) to recommend and implement internal controls processes enterprise wide to mitigate the risks of non-compliance, as well as to enhance organizational performance and efficiencies.
Monitor transaction activities to ensure compliance with the AMP Risk Management Policy, which may include identifying and reporting of non-compliance events; recommend measures to prevent non-compliance.
Evaluate impacts and risk exposures of transactions and hedging strategies with respect to the AMP Risk Management Policy.
Support organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for working with The Energy Authority and optimizing TEA resources.
Assist CRO in initiating and negotiating commercial contracts including EEIs, ISDAs and NAESBs.
Ensure appropriate data management, validation and testing within the AMP Transaction Deal Capture System.
Support the procurement and administration of all Corporate Insurance coverage.
Work with Finance and Legal to ensure that insurance premiums and claims are accurately reported, promptly processed and fully tax compliant.
Design and conduct annual compliance reviews across the organization.
Monitor and ensure AMP compliance with CFTC filings and regulations.
Develop, implement, and maintain security policies and procedures to limit exposure.
Perform other duties as assigned.
Knowledge, Skills, & Qualifications:
A four-year degree in engineering, mathematics, business, economics, accounting, finance or other quantitative discipline is required.
Five years of supervisory experience with three of those years of experience in energy operations, financial or energy risk management is preferred.
Demonstrate an understanding of the fundamentals of credit evaluation and the application to energy transacting.
Skilled in identifying risk events and advising on program activities to minimize exposure.
Proficient in effective oral and written communications to a wide range of audiences.
Prefer demonstrated ability to analyze structured commodity transactions and business processes.
Practical experience using market risk systems in an energy environment preferred.
Must be highly organized, detailed, and motivated, with strong time management and interpersonal skills.
Must demonstrate skill with Microsoft office or like products with an emphasis on spreadsheet and database applications.
Internal Number: 052119
About American Municipal Power, Inc.
American Municipal Power, Inc. (AMP) was founded in 1971 when a group of municipally owned electric systems joined forces to lower costs and increase the reliability of their power supply to benefit their consumer-owners. Today, AMP has grown to serve 135 members across nine states.