Principal Enterprise Risk, Business and Portfolio Risk

Benefits Overview

A career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. In order to be the best, we hire the best!

Benefits Offered by Co Bank

• Careers with a purpose
• Time-Off Packages, 20 days of vacation, 10 paid sick days and 11 paid holidays
• Competitive Compensation & Incentive
• Hybrid work model: flexible arrangements for most positions
• Benefits Packages, including Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance
• Robust associate training and development with CoBank University
• Tuition reimbursement for higher education up to $10k per year
• Outstanding 401k: up to 6% matching and additional 3% non-elective contribution & Student Loan Match
• Community Impact:
  United Way Angel Day, Volunteer Day and Associate Directed Contribution
• Associate Resource Groups: creating a culture of respect and inclusion
• Recognize a fellow associate through our GEM awards

Job Description

Responsible for owning and advancing one or more Enterprise Risk Management (ERM) programs to assist CoBank in managing credit/market/operational risks. Such programs include, but are not limited to:
Portfolio Risk Analytics, Risk Assessment, Product Governance, Derivatives Risk Modeling, and Model Risk Management. The analysis performed will play a key role in supporting bank-wide initiatives through risk identification and quantification.

Essential Functions

• Leads and drives risk metrics for the bank. Creates, maintains, and enhances reports to key stakeholders.
• Owns and advances one or more ERM processes or programs. Creates project business plans to drive bank initiatives.
• Utilizes data and information to aid in risk-based decision-making.
• Sources and cleans data. Determines business rules for preparing data to be consumed in both formal and informal processes.
• Queries, aggregates, and manipulates large datasets for various analyses. Transforms information into key business insights.
• Designs department/system processes for Risk Management that are efficient and comply with regulatory standards. Identifies areas where improvement is needed and leads change implementation.
• Adheres to best practices in modeling and model risk management (e.g., parameterize and calibrate forecasting models, perform ongoing monitoring of model assumptions, develop and update documentation).
• Provides technical and business subject matter expertise, as well as ad-hoc analysis with the potential of becoming a standard for the bank.
• Monitors data integrity and model risk controls execution. Identifies risks, proactively solves problems and addresses issues.
• Creates packages and presentations for executive-level risk committees and working groups.
• Initiates and leads discussions and meetings. Presents results and recommendations to senior-level management and other key stakeholders.

Education

• Master's Degree in Economics, Finance, Quantitative Finance, Statistics or other relevant discipline. required
• FRM, PRM, and/or CFA certification preferred

Work Experience

• 8 years of finance and risk management experience. required
• 8 years of experience in using statistical packages and/or analytical software's such as SAS, Matlab, R, Python, VBA, C++, SAS and/or SQL. required
• Prior Experience with in the Farm Credit System, and/or knowledge of the agriculture or infrastructure industries preferred
• Proven knowledge of the finance and lending industry including structures/types and financial markets knowledge. Knowledge of overall risk management and finance concepts.
• Strong knowledge and/or experience with credit risk modeling, loss forecasting, regression models and economic capital.
• Experience with third party vendor tools such as QRM, Moody's Risk Frontier, or Polypaths.
• Experience with statistical and/or data software packages such as SAS, R, or SQL, Excel VBA.
• Proven technical skills and experience using database querying, statistical packages, and/or analytical software.
• Excellent organizational and time management skills, with the ability to deliver commitments while juggling multiple projects and priorities.
• Excellent communication (both verbal and written) and interpersonal skills, good listening and interpersonal skills, with the ability to lead teams and build and maintain effective working relationships with all levels of associates, management and internal customers across the bank.

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Physical Exertion Details

Sedentary Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time.

Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.

Travel Requirement Details

Occasional Travel occurs…