The Chief Risk Officer (CRO) reports to CGC’s Chief Executive Officer and to the Risk Committee of the Board (or the full Board in the event there is no Risk Committee). This position is responsible for developing and implementing effective risk management strategies, policies, and procedures to ensure CGC’s protection of its business and compliance with regulatory requirements. The CRO will lead a team of risk professionals and collaborate with senior management to identify, assess, and mitigate various risks that may impact CGC’s operations, reputation, and financial stability. The CRO and their department are responsible for CGC’s second line of defense: overseeing the frontline units in their execution of their risk management responsibilities.

It is highly preferred that the CRO position is based in New York, New York or Washington, DC. The CRO position will be a hybrid position.

Currently reporting to the Chief Executive Officer, the Chief Risk Officer will work with the CEO and the Senior Management team to design and staff CGC’s risk office.

Key Responsibilities

• Accountable for the execution and continued enhancement of CGC’s enterprise risk management framework, including its risk appetite statement, and related processes to achieve its short-term and long-term strategic, financial, and operational goals.
• Develops a deep understanding of and assists in informing CGC’s business strategies and related policies, processes, and controls based upon its established risk appetite.
• Helps further CGC’s culture of risk, serving as the primary risk liaison with its Board of Directors via the Risk Committee and senior management. Leads and provides key insights and direction to senior management. Participates in various other management-level committees to provide risk-based perspectives and input.
• Develops and enhances risk management-related infrastructure, including policies, processes, procedures, and documentation to continue supporting CGC’s growth and decision-making.
• Establishes common risk frameworks with consortium members and works with the Chief Compliance Officer to assess adherence to these frameworks by consortium members.
• Serves as a liaison with the EPA (or other regulators) in connection with risk management issues.
• Oversees CGC-wide risk assessments to identify and measure current and forward-looking enterprise risks.
• Monitors external environment and industry trends and practices, making recommendations to senior management as appropriate. Contributes to the identification of, and planning for, emerging risks.
• Develops strong partnerships with leaders of various functional areas within CGC to provide effective and credible challenges in assessing risk and to offer trusted, practical advice in helping to support CGC’s business objectives.
• Provides risk inputs for the credit approval process, as well as portfolio monitoring systems for all current and future credit products.
• Ensures that credit policies are routinely reviewed, modified as necessary, and well communicated throughout the organization.
• Provides overall loan portfolio management oversight to ensure CGC’s asset quality meets stated objectives and that the emphasis of CGC’s overall credit relationship management is consistent with CGC’s underwriting standards and risk appetite.
• Manage and work with the senior management team to mitigate risks associated with CGC’s expected National Clean Investment Fund grant.

Required Skills and Abilities

• Experience with risk management in financial institutions, including designing, implementing, and adjusting risk management programs.
• Familiarity with financial sector risk management best practices.
• Experience and understanding of managing risks in startup, mission-driven, and novel credit environments.
• Familiarity with the clean energy and climate finance markets and their risk profiles.
• Excellent organizational skills and experience in organizing and prioritizing project sets based on substance, urgency, and capacity.
• Self-organized with excellent attention to detail.
• Ability to work under tight deadlines and manage multiple tasks in a fast-paced, dynamic environment.
• English language fluency required.
• Experience with Salesforce or similar data management systems.
• A dedication to climate finance.
• A sense of humor, passion for change, and an eye toward innovation.
• Authorization to work in the United States of America.
• Proficiency with Microsoft Office, including Word, Excel, and PowerPoint.
• Occasional travel to support programs.
• Prolonged periods sitting at a desk and working on a computer required.

Education and Experience

• MBA or similar required.
• At least 15 years of financial risk management work experience.
• Experience setting up and implementing enterprise risk management in a financial institution.

Compensation and Benefits

• The salary range for the Chief Risk Officer is between $550,000 and $650,000.
• The Chief Risk Officer will be eligible for an annual bonus of 10%-30% based on job performance.
• The benefits offered for the Senior Director are health insurance, 401k, vacation leave, and sick leave.