Professional Summary

Professional Overview

Mike Thone is an experienced Chief Risk Officer (CRO) with a proven track record of managing risk and compliance in the public sector. As the CRO for the State of Minnesota, he oversees the organization's enterprise-wide risk management and internal control frameworks, ensuring the effective identification, assessment, and mitigation of strategic, operational, and financial risks.

Experience Summary

Current Role

As the Chief Risk Officer (CRO) for the State of Minnesota, Mike is responsible for developing and implementing comprehensive risk management strategies to safeguard the organization's assets, reputation, and overall financial well-being. He leads a team of risk management professionals in assessing and addressing a wide range of risks, including regulatory compliance, cybersecurity, and operational vulnerabilities. Under his guidance, the State of Minnesota has enhanced its risk management capabilities, enabling the organization to make more informed, risk-based decisions and optimize its resource allocation.

Career Progression

Prior to his current role, Mike served as the Internal Control Specialist at the Minnesota Department of Management and Budget, where he played a crucial role in strengthening the state's internal control systems and ensuring compliance with relevant laws and regulations. His extensive experience in public sector risk management and his ability to navigate complex regulatory environments have been instrumental in his professional growth and the positive impact he has had on the organizations he has served.

Academic Background

Mike holds a Bachelor's degree in Accounting from the University of Minnesota, where he graduated with distinction. His academic achievements and strong foundation in financial management and control systems have been integral to his successful career in risk management.

Areas of Expertise

• Enterprise Risk Management

• Internal Control Frameworks

• Regulatory Compliance

• Operational Risk Mitigation

• Public Sector Financial Management

• Governance, Risk, and Compliance (GRC) Strategy

Professional Impact

Throughout his career, Mike has been recognized for his innovative approach to risk management and his ability to drive strategic initiatives that enhance organizational resilience. He has played a key role in implementing robust risk management practices at the State of Minnesota, leading to improved decision-making, enhanced financial stability, and increased stakeholder confidence in the organization's operations.

Conclusion

With his deep expertise in risk management and his commitment to serving the public sector, Mike Thone is a respected leader in his field. As the Chief Risk Officer for the State of Minnesota, he continues to make significant contributions to the organization's long-term sustainability and growth, positioning it for success in an ever-evolving risk landscape.