Principal Enterprise & Opr Risk Mgmt Analyst

Requisition ID# 164816

Job Category: Compliance / Risk / Quality Assurance

Job Level: Manager/Principal

Business Unit: Gen Counsel, Ethics, Risk & Compliance

Work Type: Hybrid

Job Location: Oakland

Department Overview

The Office of the Chief Risk Officer is responsible for enabling the business to effectively manage risk in key areas of the enterprise. The Enterprise Risk and Operational Risk Management (EORM) department is charged with overseeing all risk management related to PG&E's operations and public safety including evaluating risks associated with wildfires, nuclear, dams, natural gas, cyberattacks and natural disasters. Functions include development and oversight of governance procedures, risk modeling and analytics, regulatory strategy, and the integration of risk into operational strategy, forecasting and work prioritization. EORM has responsibility for consistent implementation and continuous improvement of its risk management program across ass aspects of the business. The EORM Principal position is primarily engaged in governance, oversight, communication, and functional area coaching and consulting functions.

Position Summary

The EORM Principal is responsible for thought leadership on risk assessment and management strategies, championing the use of data-based, risk-informed decision making, embedding risk management into the company's fundamental business processes, and providing coaching to assigned functional area risk management teams. In addition, the Principal will lead projects and programs related to risk-based decision making, data visualization, training and communication, tool development and implementation, and process improvement utilizing the Lean Management System. The ideal candidate will have demonstrated knowledge and experience in risk management, utility industry operations, building and maintaining relationships at all organizational levels, and a customer service mindset. The ideal candidate will also have strong knowledge of probability and statistics, strong programming skills and analytical problem-solving skills, operational risk analysis expertise, project management experience and effective communication skills.

This position is hybrid, working from your remote office and Oakland General Office once per week and based on business needs.

PG&E is providing the salary range that the company in good faith believes it might pay for this position at the time of the job posting. This compensation range is specific to the locality of the job. The actual salary paid to an individual will be based on multiple factors, including, but not limited to, specific skills, education, licenses or certifications, experience, market value, geographic location, and internal equity.

This job is also eligible to participate in PG&E's discretionary incentive compensation programs.

A reasonable salary range is:

Bay Area Minimum: $132,000
Bay Area Maximum: $226,000

Job Responsibilities

Thought leadership on risk assessment and management strategies, specifically:

• Provides necessary modeling and analytical support to Functional Areas in specifying risk model and risk spend efficiency inputs and running through the enterprise risk models.
• Validates enterprise and operational risk models and their inputs, identifying gaps and areas for improvements.
• Be the connective tissue between operational areas, risk teams and business finance to support the annual planning process by integrating risk into decision making
• Developing a risk prioritization framework that encompasses the quantitative risk models
• Developing strategies for risk assessment process improvements using the Lean Operating System
• Aligning risk assessment and management strategies with regulatory decisions and business operating plans
• Identifying and applying benchmark results to enhance all aspects of risk management.
• Identifying and raising difficult issues in a positive way
• Using creative approaches to problem solving and project delivery

Partnering with assigned lines of business to implement risk management policies and standards, specifically:

• Communication and change management related to changes in risk management processes.
• Championing the Lean Operating System and the use of data-based, risk-informed decision making
• Consulting and coaching functional area Risk Owners in crafting presentations to enterprise and Board of Directors governance forums.
• Planning, executing, and facilitating risk-related workshops.
• Embedding risk management into the company's fundamental business processes
• Tracking and monitoring risk-related obligations and action items to ensure accountability.

Drive projects related to risk management, for example:

• Maintaining the corporate event-based risk register and line of business risk registers.
• Consulting and coaching functional area clients in the development of quantitative risk models.
• Leadership in facilitating line of business, enterprise wide and board-level risk governance forums.
• Assessing strengths and gaps in risk management practices and procedures
• Developing communication tools to create visibility to risk management data.

Qualifications

Minimum:

• Bachelor's degree in Business, Economics, Analytics, Actuarial Science or other STEM field or equivalent experience.
• 10 years of job-related experience i.e. enterprise risk management (operational and/or compliance), governance, internal auditing, quality assurance, process improvement, change management, utility operations or other applicableareas, including 7 years of experience in analytical methods/modeling.

Desired:

• Master's Degree or PhD in Business, Economics, Analytics, Actuarial Sciences or STEM field preferred.
• Electric, gas or combination utility business support services and continuous improvement experience.
• Demonstrated knowledge and experience in utility industry risk management practices.
• Proficiency with python (especially Pandas & Numpy packages)
• Advanced skills in Microsoft Excel (including VBA)
• Experience with model documentation and validation
• Strong knowledge of probability, statistics and risk analysis
• Previous exposure to modeling and measuring of operational risk relevant to a gas and electric company will be a plus
• Experience in probabilistic risk analysis, reliability engineering, data science, risk management

• Executive and board-level material development and communication experience.
• Demonstrates judgment and listening skills.
• Ability to analyze complex processes and strategies.
• Experience designing and implementing controls to ensure process sustainability.
• Organized and able to effectively manage multiple, diverse tasks and adhere to tight deadlines.
• Demonstrated ability to conveying complex ideas in a way that is easily understood by targeted audiences.
• Ability to communicate effectively, lead client meetings, discuss issues and controls, and report on progress of work product with all levels of functional area and risk management leadership.
• Excellent planning, leadership, and coaching skills
• The ability to build effective relationships across all utility and corporate functional areas.
• Ability to lead without positional authority and positively influence business owners.
• Ability to work effectively as part of a multi-discipline team.Advocate and adhere to the PG&E's stands and virtues at work and in the community.

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