Risk & Insurance Management Society Inc
Director, Electric Operations Risk Management and Risk Strategy
Risk & Insurance Management Society Inc, Oakland, California, United States, 94616
Department OverviewThe Enterprise Operational Risk Management (EORM) department is responsible for providing the framework, guidance and support to enable the business to effectively manage risk. The Director, Electric Risk Management and Risk Strategy is responsible for overseeing risk and compliance issues for PG&E’s
Electric Operations (EO)
organization, as well as working with the stakeholder organization to define and implement the regulatory framework for Risk Informed Decision Making.
Position SummaryThe Director, Electric Risk Management and Risk Strategy leads both the Risk Policy & Regulatory Strategy, and Electric Safety & Risk Management teams within the EORM department. The functions lead risk management policy and strategy development to support Regulatory requirements; as well as supporting the Risk and Compliance activities to support PG&E Electric Operations. The Director plans, organizes, manages and directs the daily operations of the Electric Risk Management team, supervising and leading staff. This includes supporting regulatory proceedings such as the RAMP, GRC, WMP, RISK OIR/RDF, and supports the management of the Wildfire Fund.The ideal candidate also will have knowledge of the Utility industry and operations; build and maintain effective working relationships; provide thought leadership in risk management workshops and governance forums; and help continue to embed risk management into the company’s fundamental business processes.This position is hybrid, working from your remote office and your assigned work location based on business need. The assigned work location will be within the PG&E Service Territory.This position is hybrid, working from your remote office and your assigned work location based on business need. The assigned work location will be within the PG&E Service Territory.Reporting RelationshipThis position reports to Sr. Director, Enterprise and Operational Risk.Job ResponsibilitiesLeads risk assessment and mitigation activities across Electric Operations. Provides authoritative risk support, advice, and recommendations in order to ensure effective risk management within the business.
Leads a team of 8-12 dedicated risk management staff
Manages the regulatory interface with the CPUC and relevant stakeholders in the development and implementation of the Risk Informed Decision-Making FrameworkOversee the implementation of risk-related regulatory requirements and meet regulatory expectations in this area
Owns the Wildfire Fund durability fund calculation and reporting in conjunction with Finance and Wildfire Risk organizations
Provides authoritative wildfire risk support, advice, and recommendations in order to ensure effective risk management and mitigation.
Leads the process to identify and document risk, assess the impacts, explore & evaluate mitigation alternatives, develop risk scoring and mitigation prioritization approaches.
Develops risk management processes, systems, goals, objectives and metrics to effectively lead the implementation in Electric Operations.
Owns the Electric Operations Risk Register, ensuring a complete list of all identified risk factors, their definitions, risk score, prioritization and current status. Ensures approvedmitigation plans are incorporated into Electric Operations strategic planning and budgeting processes, e.g. BPD.
Tracks risk mitigation activities against commitments.
Develops and maintains effective relationships with other functional areas risk and compliance managers to understand the interdependencies between risks and identify mutuallybeneficial mitigation strategies. Influences Wildfire Risk and Electric Operations investment planning to include programs to enhance system safety. Teams with corporate risk staff toensure Wildfire
Risk and Electric Operations risk practices are consistent with risk management in other Functional Areas.
Represents Electric Operations risk management at Electric Risk and Compliance Committee meetings.
Oversees the development of executive presentations on risk overview, mitigation strategies, performance against plans. Develops and proposes new plans, strategies, and/or approaches to address risks. Strives to gain approval, agreement from executives.
Responsible for supports regulatory communications with the CPUC and its departments through RAMP, GRC, Risk OIR, and WMP proceedings.
Represents PG&E to outside organizations such as regulators or industry associations regarding wildfire risk trends, common issues, or best practices. Maintains industry contacts for benchmarking and sharing information.Leadership QualitiesPG&E expects its leaders to conduct themselves with the highest ethics and integrity and to embody specific leadership qualities.
Strategic MindsetSeeing ahead to future possibilities and translating them into breakthrough strategies.Operating effectively, even when things are not certain or the way forward is not clear.
A Leader in the Community and IndustryEffectively building formal and informal relationship networks inside and outside the organization.Anticipating and balancing the needs of multiple stakeholders.Demonstrates Safety LeadershipA safety champion in words and deeds with respect to both employee and public safety.Maintaining an environment of open dialog and free of retaliation.Influences and InspiresUsing various- communications that convey a clear understanding of the needs of different audiences.Maneuvering comfortably through complex policy, process, and people-related dynamics.Optimizes Team PerformanceBuilding strong-identity teams that apply their diverse skills and perspectives to achieve common goals.Creating a climate where people are developed and motivated to do their best to help the organization.Values Diversity and Creates InclusionRecognizing the value that different perspectives and cultures bring to an organization.Fiscally ResponsibleInterpreting and applying understanding of key financial indicators to make better business decisions.Planning and prioritizing work to meet commitments aligned with organizational goals.Leads Ethically and in a Compliant MannerSponsoring and sustaining a high integrity speak-up corporate culture which prioritizes ethics, safety and compliance.Building on necessary level of industry, company and subject-matter expertise, including laws and regulations.Provides a High Level of Customer ServiceBuilding strong customer relationships and delivering customer-centric solutions.CompensationPG&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 localityof 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, marketvalue, geographic location, and internal equity.Although we estimate the successful candidate hired into this role will beplaced towards the middle or entry point of the range, the decision will be made on a case-by-case basis related to these factors.A reasonable salary range is:Bay Area Minimum: $178,000Bay Area Maximum: $304,000Hiring Leader Name: Paul Joseph McGregorPacific Gas and Electric Company is an Affirmative Action and Equal Employment Opportunity Employer that actively pursues and hires a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, national origin, ancestry, sex, age, religion, physical or mental disability status, medical condition, protected veteran status, marital status, pregnancy, sexual orientation, gender, gender identity, gender expression, genetic information or any other factor that is not related to the jobBackground QualificationsMinimumBachelor’s degree in Business, Economics, Finance, Engineering, or equivalentTen years of successful professional experience with risk management, compliance management, audit, quantitative analysis or utility operations managementProven track record of successful leadership experience, leading and developing strong teamsUnderstanding of Electric Operations, and specific risks associated with electric utilities or similar environmentsDesiredMaster’s Degree in Business, Finance, Engineering, Science, or quantitative fieldAdvanced Degree (PhD, JD, etc.)Risk Management CertificationOperational experience in oil and gas, natural gas and/or electric operations businessExperience in quantitative analysis, risk management, engineering, operations, maintenance, construction of electric systems or electric generationExperience in managing, coordinating, and performing complex business analysis and regulatory proceedingsExperience with a variety of problem-solving tools and techniques (e.g. failure modes, stochastic modeling, cause analysis, fault tree, quantitative analysis. Monte Carlo simulations, etc.)Knowledge of relevant federal, state, and local regulations and laws, for example FERC, CPUC, OEISExperience with Lean Business/Lean Six Sigma
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Electric Operations (EO)
organization, as well as working with the stakeholder organization to define and implement the regulatory framework for Risk Informed Decision Making.
Position SummaryThe Director, Electric Risk Management and Risk Strategy leads both the Risk Policy & Regulatory Strategy, and Electric Safety & Risk Management teams within the EORM department. The functions lead risk management policy and strategy development to support Regulatory requirements; as well as supporting the Risk and Compliance activities to support PG&E Electric Operations. The Director plans, organizes, manages and directs the daily operations of the Electric Risk Management team, supervising and leading staff. This includes supporting regulatory proceedings such as the RAMP, GRC, WMP, RISK OIR/RDF, and supports the management of the Wildfire Fund.The ideal candidate also will have knowledge of the Utility industry and operations; build and maintain effective working relationships; provide thought leadership in risk management workshops and governance forums; and help continue to embed risk management into the company’s fundamental business processes.This position is hybrid, working from your remote office and your assigned work location based on business need. The assigned work location will be within the PG&E Service Territory.This position is hybrid, working from your remote office and your assigned work location based on business need. The assigned work location will be within the PG&E Service Territory.Reporting RelationshipThis position reports to Sr. Director, Enterprise and Operational Risk.Job ResponsibilitiesLeads risk assessment and mitigation activities across Electric Operations. Provides authoritative risk support, advice, and recommendations in order to ensure effective risk management within the business.
Leads a team of 8-12 dedicated risk management staff
Manages the regulatory interface with the CPUC and relevant stakeholders in the development and implementation of the Risk Informed Decision-Making FrameworkOversee the implementation of risk-related regulatory requirements and meet regulatory expectations in this area
Owns the Wildfire Fund durability fund calculation and reporting in conjunction with Finance and Wildfire Risk organizations
Provides authoritative wildfire risk support, advice, and recommendations in order to ensure effective risk management and mitigation.
Leads the process to identify and document risk, assess the impacts, explore & evaluate mitigation alternatives, develop risk scoring and mitigation prioritization approaches.
Develops risk management processes, systems, goals, objectives and metrics to effectively lead the implementation in Electric Operations.
Owns the Electric Operations Risk Register, ensuring a complete list of all identified risk factors, their definitions, risk score, prioritization and current status. Ensures approvedmitigation plans are incorporated into Electric Operations strategic planning and budgeting processes, e.g. BPD.
Tracks risk mitigation activities against commitments.
Develops and maintains effective relationships with other functional areas risk and compliance managers to understand the interdependencies between risks and identify mutuallybeneficial mitigation strategies. Influences Wildfire Risk and Electric Operations investment planning to include programs to enhance system safety. Teams with corporate risk staff toensure Wildfire
Risk and Electric Operations risk practices are consistent with risk management in other Functional Areas.
Represents Electric Operations risk management at Electric Risk and Compliance Committee meetings.
Oversees the development of executive presentations on risk overview, mitigation strategies, performance against plans. Develops and proposes new plans, strategies, and/or approaches to address risks. Strives to gain approval, agreement from executives.
Responsible for supports regulatory communications with the CPUC and its departments through RAMP, GRC, Risk OIR, and WMP proceedings.
Represents PG&E to outside organizations such as regulators or industry associations regarding wildfire risk trends, common issues, or best practices. Maintains industry contacts for benchmarking and sharing information.Leadership QualitiesPG&E expects its leaders to conduct themselves with the highest ethics and integrity and to embody specific leadership qualities.
Strategic MindsetSeeing ahead to future possibilities and translating them into breakthrough strategies.Operating effectively, even when things are not certain or the way forward is not clear.
A Leader in the Community and IndustryEffectively building formal and informal relationship networks inside and outside the organization.Anticipating and balancing the needs of multiple stakeholders.Demonstrates Safety LeadershipA safety champion in words and deeds with respect to both employee and public safety.Maintaining an environment of open dialog and free of retaliation.Influences and InspiresUsing various- communications that convey a clear understanding of the needs of different audiences.Maneuvering comfortably through complex policy, process, and people-related dynamics.Optimizes Team PerformanceBuilding strong-identity teams that apply their diverse skills and perspectives to achieve common goals.Creating a climate where people are developed and motivated to do their best to help the organization.Values Diversity and Creates InclusionRecognizing the value that different perspectives and cultures bring to an organization.Fiscally ResponsibleInterpreting and applying understanding of key financial indicators to make better business decisions.Planning and prioritizing work to meet commitments aligned with organizational goals.Leads Ethically and in a Compliant MannerSponsoring and sustaining a high integrity speak-up corporate culture which prioritizes ethics, safety and compliance.Building on necessary level of industry, company and subject-matter expertise, including laws and regulations.Provides a High Level of Customer ServiceBuilding strong customer relationships and delivering customer-centric solutions.CompensationPG&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 localityof 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, marketvalue, geographic location, and internal equity.Although we estimate the successful candidate hired into this role will beplaced towards the middle or entry point of the range, the decision will be made on a case-by-case basis related to these factors.A reasonable salary range is:Bay Area Minimum: $178,000Bay Area Maximum: $304,000Hiring Leader Name: Paul Joseph McGregorPacific Gas and Electric Company is an Affirmative Action and Equal Employment Opportunity Employer that actively pursues and hires a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, national origin, ancestry, sex, age, religion, physical or mental disability status, medical condition, protected veteran status, marital status, pregnancy, sexual orientation, gender, gender identity, gender expression, genetic information or any other factor that is not related to the jobBackground QualificationsMinimumBachelor’s degree in Business, Economics, Finance, Engineering, or equivalentTen years of successful professional experience with risk management, compliance management, audit, quantitative analysis or utility operations managementProven track record of successful leadership experience, leading and developing strong teamsUnderstanding of Electric Operations, and specific risks associated with electric utilities or similar environmentsDesiredMaster’s Degree in Business, Finance, Engineering, Science, or quantitative fieldAdvanced Degree (PhD, JD, etc.)Risk Management CertificationOperational experience in oil and gas, natural gas and/or electric operations businessExperience in quantitative analysis, risk management, engineering, operations, maintenance, construction of electric systems or electric generationExperience in managing, coordinating, and performing complex business analysis and regulatory proceedingsExperience with a variety of problem-solving tools and techniques (e.g. failure modes, stochastic modeling, cause analysis, fault tree, quantitative analysis. Monte Carlo simulations, etc.)Knowledge of relevant federal, state, and local regulations and laws, for example FERC, CPUC, OEISExperience with Lean Business/Lean Six Sigma
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