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Director of Risk Management

Company: 3Degrees
Location: Portland
Posted on: September 23, 2022

Job Description:

Every day, we work together for what matters - bold, swift, and equitable climate action.ABOUT THE ROLEThe team at 3Degrees is passionate about helping organizations around the world rise to the challenge of taking urgent action on climate change. As a company, we are constantly striving to innovate new solutions and ideas and not afraid to stretch the boundaries into new areas that may result in better outcomes for our customers and our planet. As the Director of Risk Management you will bring your experience and expertise to oversee a comprehensive set of risks that include portfolio risk, regulatory risk, reputational risk, counterparty risk and credit risk.This role will report to the COO and will work closely with Business Unit leads, the CEO, the CFO, and the Board to establish the level of risk the company is willing to take, and develop associated policies. You will collaborate with cross-functional teams across various time zones, so the role may be situated in a remote office, preferably anywhere in the United States. However, for a well-suited candidate, we are open to individuals in European and APAC countries.WHAT YOU'LL DODevelop, update and oversee compliance with the company's risk policy and manage the functions of the Risk Management Committee (RMC)Actively review and propose trading and credit limits and restrictions theretoCommunicate risk policies and processes throughout the Company and, as applicable, interact with the Board of DirectorsConduct hands-on development of risk models involving market, credit and operational riskEnsure controls are operating effectively and provide research and analytical supportPerform VaR analysis for the entire 3Degrees portfolioDesign and implement an overall risk management process for the organization, including a detailed analysis of the financial impact on the company when risks occurAnalyze current risks and identify potential risks that may affect the companyEvaluate the company's previous handling of risks and compare potential risks with criteria set out by the company (e.g., costs and legal requirements)Prepare risk management and insurance budgetsConduct risk reporting tailored to the relevant audience (educating the C-Suite and board of directors about the most significant risks to the business; ensuring business heads understand the risks that might affect their departments; ensuring individuals understand their own accountability for individual risks)Work with business unit leads to create business continuity plans to limit risksConduct policy and compliance audits, including, liaising with internal and external auditorsReview any new major contracts or internal business proposalsBuild risk awareness amongst staff by providing support and training within the companyABOUT YOUWe value the diversity of our teams and the opportunity to see things through a different lens. We share a common bond around our values and our desire to make impactful change and we are always looking for the best and brightest talent to join our team. For this role, we believe an individual with the following qualifications will have a great opportunity to be successful in this role:Experience with Risk Management (preferred experience in trading of commodities and/or financial securities) at a senior and/or executive levelExperience with trading of commodities and/or financial instruments; environmental commodities a plusPossess excellent quantitative and analytical skills, along with the ability to apply those skills across a variety of business processesDegree in Management or Business Studies, Finance or Economics, Science, Statistics, Engineering or LawHOW WE DEFINE SUCCESSWithin 30 daysDeveloped a deep understanding of the company structure, products, and risk policies and has a deep appreciation for the unique risk profile of the companyWithin 60 daysCompleted a risk analysis of the portfolio, identified key risks and gaps and developed a plan for addressing themHas communicated key elements of the risk mitigation plan to senior leadership and developed an implementation planWithin 90 daysHas taken point on all risk management issues within 3DegreesOUR COMMITMENT TO DIVERSITY, INCLUSION AND EQUITY3Degrees is an equal opportunity employer. We promote, value, and thrive with a diverse and inclusive team. Different perspectives contribute to better solutions and this makes us stronger every day. We are proud to welcome all people of race, color, religion, national origin, gender identity, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation or any other category protected by law.#LI-Remote#LI-RS1PDN-9626e79e-fb1f-43f6-91ab-d47f1a8662be

Keywords: 3Degrees, Portland , Director of Risk Management, Executive , Portland, Maine

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