Dairyland Power Cooperative · 5 hours ago
Chief Risk Officer
La Crosse, Wisconsin
Full-time
Onsite
Director/Executive
$250K/yr - $325K/yr
12+ years expDairyland Power Cooperative is seeking a Vice President and Chief Risk Officer (CRO) to oversee its enterprise risk management framework and governance of hedging strategies. The CRO will manage various financial risks while ensuring compliance with regulations and fostering a risk-aware culture throughout the organization.
EnergyNon ProfitRenewable EnergySustainability
Responsibilities
Develop and implement a comprehensive enterprise risk management (ERM) framework tailored to the unique needs of a utility cooperative
Establish risk management policies, procedures, and metrics to monitor and control risks across the organization
Align risk management practices with the cooperative’s strategic objectives and operational goals
Identify and assess risks related to market volatility, regulatory compliance, cybersecurity, physical infrastructure, environmental factors, and other operational or strategic areas
Collaborate with departments to evaluate risks, prioritize them based on impact and likelihood, and develop mitigation strategies
Oversee the development and execution of business continuity and disaster recovery plans
Ensure compliance with federal, state, and local regulations governing the energy and utility sector, including NERC, FERC, and other applicable standards
Serve as the primary advisor to the CEO, Board of Directors, and senior leadership on risk-related matters, providing regular updates and analysis
Work closely with legal and compliance teams to monitor legislative and regulatory changes that may impact the Cooperative
Collaborate with IT leadership to assess and mitigate cybersecurity risks, including data breaches, ransomware attacks, and other emerging threats
Stay informed on advancements in technology and their implications for the Cooperative's risk profile
Work with the CFO to monitor financial risks such as liquidity, credit, market risks, and fuel or power purchase agreements
Support the development of risk-adjusted financial models to guide decision-making
Promote a culture of risk awareness and accountability throughout the cooperative
Provide training and resources to employees to strengthen their understanding of risk management practices
Act as a liaison with external stakeholders, including auditors, insurers, and regulatory bodies, on risk-related matters
Develop and present risk reports to the Board of Directors, CEO, and senior leadership
Communicate risk exposures and mitigation plans clearly and effectively to internal and external stakeholders
Oversee the development, execution, and governance of enterprise hedging strategies to mitigate financial and operational risks, ensuring alignment with organizational risk appetite, financial objectives, and regulatory requirements
Provide strategic oversight and independent risk challenge of hedging activities, including monitoring effectiveness, exposures, counterparty risk, and reporting results and recommendations to executive leadership and the Board
Oversee Dairyland’s metering and settlements processes and involvement in the energy and capacity markets
Provide strategic oversight of resource and energy contract assessment including risk analysis and impacts on Dairyland’s financial positions
Qualification
Required
Bachelor's degree in Risk Management, Finance, Business Administration, or a related field is required
Minimum of 12 years of experience in risk management, compliance, or a related field
Proven track record of designing and implementing enterprise risk management programs
Strong knowledge of the utility industry, including regulatory and operational risks
Deep understanding of commodity markets (natural gas, power, renewables), financial instruments, and regulatory frameworks
Exceptional analytical, problem-solving, and decision-making skills
Excellent leadership and communication abilities, with the capability to interact effectively at all organizational levels
Familiarity with risk management software and data analytics tools
Strategic thinker with the ability to balance risk and opportunity
Preferred
Master's degree or relevant professional certifications (e.g., Certified Risk Manager (CRM), Chartered Enterprise Risk Analyst (CERA))
Experience with energy trading
Company
Dairyland Power Cooperative
Dairyland Power Cooperative is a non-profit organization that provides safe, reliable, affordable & sustainable electricity to its members.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
unknownKey Investors
U.S. Department of Agriculture
2024-09-05Grant
Leadership Team
Brent Ridge
President and CEO
Recent News
Company data provided by crunchbase