Senior Manager Risk Management

Job Description: The Senior Manager, Risk Management builds and oversees Tri-State’s risk management functions — enterprise risk management, commodity risk, credit risk, and insurance — providing independent, objective oversight in support of regulatory compliance and strategic financial objectives. Working closely with the Vice President, Finance, this role operates at both the strategic level (risk assessment, risk appetite, insurance strategy, and Board/executive reporting) and the technical level, building strong relationships across all corporate and operations functions. Tri-State recognizes the value of a highly-engaged and committed workforce and provides an excellent benefits program that includes: Medical Insurance, Dental Insurance, Vision Insurance, Health Savings Account (HSA), Flexible Spending Accounts (FSA), Tuition Reimbursement, Flexible Work Schedules including compressed work week and telecommuting opportunities to work remotely up to 40%, Life Insurance, 401K, Long Term Disability (LTD), Short Term Disability (STD), Employee Assistant Program (EAP) and Paid Leave Benefits. Senior Manager, Risk Management

Actual compensation offer to candidate may vary outside of the posted hiring salary range based upon work experience, education, and/or skill level.

Leads a team of risk, credit, and insurance professionals — hiring, developing, and managing performance and workload across the group; also works cross-functionally with, but does not supervise, Energy Management/Trading, Procurement, Legal, Safety, Operations, Internal Audit, and Corporate Finance personnel. Advises business areas on strategic initiatives (capital projects, market participation, financing, etc.) to ensure risks are identified, vetted and potentially mitigated before executive or Board approval. Coordinates risk committee meetings and Board presentations, including development of meeting materials and preparation of minutes. Manages the risk department’s annual budget and variance analysis. Mentors and evaluates direct reports to build a high-performing team. Upholds Tri-State’s Cooperative Principles, code of conduct, and core values; maintains compliance with applicable legal and regulatory requirements (e.g., NERC, FERC, Safety, etc.) and corporate policy; and remains available for after‑hours emergencies consistent with Tri-State’s continuous service obligations. Performs other duties as assigned. Enterprise Risk Management (ERM) Leads and enhances Tri-State’s ERM framework, including risk identification, risk registers, and heat‑map reporting. Delivers regular ERM updates and deep‑dive briefings to the CFO, Risk Advisory Committee, executive leadership, and the Board. Benchmarks industry peers and partners with Internal Audit, Legal, and business leaders to develop, assign, and track risk mitigation plans. Leads development of risk analytics (e.g., KRIs) and maintains systems and tools to track and monitor enterprise risks. Commodity Risk Maintains and monitors Tri-State’s interest rate risk policy, verifies hedging transactions, and coordinates with Corporate Finance on hedging metrics. Administers and ensures compliance with Tri-State’s Energy Risk Management Program (ERMP), including: Independent confirmation of power, gas, coal, and fuel oil trades; validates and reports mark‑to‑market valuations and exposures. Administers trading platforms (OATI, ICE, WREGIS, M-RETS). Monitors SPP market activity, including energy markets and transmission congestion hedging. Supports asset optimization analysis, reviewing and establishing model assumptions, methodologies and effectiveness. Trains and advises the trading/resource planning desk on risk limits and authorizations. Coordinates periodic independent ERMP assessments as requested by the Board. Credit Risk Sets and secures approval of credit policies, counterparty rating methodologies, exposure limits, and collateral/margin requirements, in compliance with applicable laws, tariffs, and industry agreements (EEI, ISDA). Oversee counterparty credit limits, monitoring, and periodic evaluations; ensure credit risk modeling and reporting. Coordinates in‑and out-bound collateral, ensuring timely monitoring and renewals to protect Tri-State’s interests. Insurance Establishes and manages Tri-State’s insurance and risk management policies, monitoring effectiveness and implementing changes as needed. Owns Tri-State’s enterprise insurance program, including property, general/excess/umbrella liability, D&O, and other appropriate lines. Leads the annual placement and renewal process — exposure analysis, broker/carrier selection, negotiation, and premium budgeting. Evaluates alternative risk transfer structures (captive insurance, parametric coverage, risk‑pooling, etc.) to close coverage gaps and manage total cost of risk. Ensures excellent service delivery by coordinating all activity with brokers and carriers. Oversees investigation and resolution of insurance claims, coordinating with Safety and Environmental on accident analysis and disaster planning; reports claims data to carriers, executive leadership, and the Board as appropriate. Manages certificates of insurance issued on Tri-State’s behalf. Manages loss control efforts, coordinating visits and reviewing and clearing recommendations in coordination with Safety and Operations. Supports Legal contract review, interpreting, drafting and structuring contract language regarding insurance and counterparty risk, indemnity provisions, waivers of subrogation, etc. Manages the corporate surety bond program, including issuance, renewals, and surety updates.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status.