Risk Analyst

Risk Analyst

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First Energy at a Glance

We are a forward-thinking electric utility powered by a diverse team of employees committed to making customers’ lives brighter, the environment better and our communities stronger.

Job Description

First Energy (NYSE: FE) is dedicated to integrity, safety, reliability and operational excellence. Headquartered in Akron, Ohio, First Energy includes one of the nation's largest investor-owned electric systems, more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions, and a regulated generating fleet with a total capacity of more than 3,500 megawatts.

About The Opportunity

This is an open position with First Energy Service Company, a subsidiary of First Energy Corp. The position is within the Risk group and reports to the Director, Enterprise Risk Management. It can be located within our five-state service territory (Ohio, Pennsylvania, Maryland, West Virginia, or New Jersey) at any major Corporate location.

The estimated pay range for this role is $100,725 - $118,500. The pay range for certain locations, including the state of New Jersey, include a 20% differential to account for an increased cost of living, making the pay ranges $120,870 - $142,200.

The mission of the Corporate Risk team is to make risk actionable and help First Energy achieve our strategic objectives. We envision a comprehensive and proactive Risk program that enables risk-informed decisions and the pursuit of opportunities. Corporate Risk is composed of two teams:
Enterprise Risk Management (ERM) and Insurance Strategy & Operations.

Responsibilities

• Support and/or lead portions of the enterprise risk assessment, an annual exercise to identify and assess the top strategic risks to the business and provide assurance that they are managed.
• Lead Risk Reviews of prioritized enterprise risks to deep-dive the most important drivers, identify current and potential mitigation plans, and determine gaps.
• Perform risk advisory services to support business units and senior management to manage enterprise risks through strategic projects that produce insights for the business.
• Lead the enterprise risk management program within one or more of FE’s business segments by working with risk owners within each of these segments to support FE’s “risk intelligence.”
• Identify and implement continuous improvement opportunities to mature the enterprise risk management program to meet the needs of FE’s business units.
• Collaborate across Corporate Risk and with business unit leadership (Enterprise risk owners).
• Support or lead the Enterprise Risk Assessment (ERA) process from start to finish, connecting the risk assessment to strategic and operational objectives.
• Maintain the assigned portion of the Risk Universe and monitor and report key changes in a timely fashion.
• Actively research assigned risk topics to support identification of the context of enterprise risks and potential industry-wide solutions.
• Perform assigned Risk Reviews on prioritized risks for delivery to the Board of Directors according to the annual Risk Reporting calendar.
• Conduct Risk Advisory Services to support business units in analyzing and managing enterprise-wide risk and opportunities, using standardized tools and templates.
• Collaborate on continuous improvement of the ERM program.

Qualifications Include

• Bachelor’s degree in Finance, Business Administration, Economics, Engineering or related discipline required; advanced degree is a plus.
• Minimum 10 years relevant work experience, including risk management, program management, change management and facilitation, or other strategic project leadership roles.
• Experience leading cross-departmental complex projects in deep collaboration with other business units.
• Experience working with diverse teams and building an inclusive work environment.
• Project management skills, including change management.
• Excellent communications skills, written and verbal, including PowerPoint and presentation skills for all audiences.
• Superior analytical abilities, including problem-solving,…