Job DescriptionAbout the OpportunityThis is an open position with FirstEnergy Service Co., a subsidiary of FirstEnergy Corp.
This position is located ON-SITE at the FirstEnergy Corp Headquarters in Akron, OH. The selected candidate may be offered a position within the same job family, at a level that is lower than what was posted. This will be determined based upon the results of the interview process which considers the candidate's skills, work history, experience level, and other relevant qualifications.
The position is within the Risk group and reports to the Director, Enterprise Risk Management. It is located onsite within our five-state service territory (Ohio, Pennsylvania, Maryland, West Virginia, or New Jersey).
The mission of the Corporate Risk team is to make risk actionable and help FirstEnergy 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. The Enterprise Risk Management team works across every area of FirstEnergy and it is expected that its contributors be agile learners, strategic thinkers, and able to execute. The successful candidate will have the opportunity to be part of identifying key strategic topics across multiple business units and working with them to manage risks and take advantage of opportunities.
The strategy of the ERM team is met through several key responsibilities, each of which will be supported by this position:
- Support and/or lead portions of the enterprise risk assessment, which is an annual exercise to work across all of FE to identify and assess the top strategic risks to the business and provide assurance that they are managed. This team executes the annual risk assessment through both a bottom-up and top-down approach to assess risks, pressure-test mitigation plans, and determine the overall risk profile of FE.
- Support and/or lead Risk Reviews of prioritized enterprise risks which will deep-dive the most important drivers of these risks, identify current and potential mitigation plans, and determine if there are gaps to exploit new opportunities.
- Perform risk projects to support business units and senior management to continue to manage enterprise risks by producing insights for the business as to how to best manage risks and capture opportunities on enterprise topics.
- Support and/or lead the enterprise risk management program within one or more of FE's business segments (OH, PA, NJ, WV/MD, and/or FE Transmission) by working with risk owners within each of these segments to support FE's "risk intelligence" and ability to manage risks.
- Identify and implement continuous improvement opportunities to mature the enterprise risk management program to meet the needs of FE's business units and provide services across FE that support the ERM strategy to make risk actionable.
The successful candidate will have responsibility for various projects across the ERM program and will:
- Have solid knowledge of FE's business and strategic objectives and ability to apply that knowledge to evaluate the overall risk profile of the Company
- Work independently and with others on the ERM team to oversee cross-functional projects on a wide variety of topics
- Work across several topics at one time and effectively multitask and lead or support others in their work
- Have effective communication skills, both written and verbal, that can be effectively tailored to all levels from individual contributors potentially through the Board of Directors
Analyst Responsibilities include:- Collaborate across Corporate Risk and with business unit leadership (enterprise risk owners)
- Encourage team development and drive opportunities for program enhancements
- Support the Enterprise Risk Assessment (ERA) process from start to finish, connecting the risk assessment to strategic and operational objectives, and providing effective challenge to ensure that risks are properly identified and managed
- This includes risk identification, assessment, mitigation, and communication
- The team will hold cross-functional workshops and individual meetings with all levels of the business (individual contributor to Executive Council) to achieve consensus on risk identification, assessment, and mitigation, and this position has responsibility to support and/or lead these workshops
- Maintain ongoing relationships across the business to identify changes to the risk universe and/or emerging risks
- Actively research assigned risk topics to support identification of the context of enterprise risks and potential industry-wide solutions
- Support and/or lead assigned Risk Reviews on prioritized risks which will ultimately be delivered to the Board of Directors by Risk Owners. These must be performed according to the annual Risk Reporting calendar to the Board
- Partner with business units and cross-functional stakeholders to identify, assess, and respond to enterprise risks and opportunities. Utilize established tools, methodologies, and templates to support consistent analysis, collaboration, and decision-making across the organization.
- Collaborate across Corporate Risk on continuous improvement of the ERM program
- Will work with collaborators across the business as a source of intelligence to monitor key risks
Qualifications for the Analyst III Position include: - Bachelor's degree in Finance, Business Administration, Economics, Engineering or related discipline required. Advanced degree is a plus but not required
- Minimum 4 years relevant work experience required. Relevant experience includes risk management, program management, change management and facilitation, or other strategic project leadership roles
- Other work experiences will be considered if they are demonstrated to be applicable to successfully performing this role
- Experience working with diverse teams and building an inclusive work environment.
- Project management skills
- Effective communications skills, written and verbal, including excellent PowerPoint skills and the ability to create presentations tailored to all audiences, from individual contributors through Executive Council and the Board of Directors
- Strong understanding or ability to learn risk management processes
- Highest standards of business conduct and ethical behaviors
- Role models and reinforces the FE Values & Behaviors
- Proficient in Microsoft Office applications
Qualifications for Analyst IV Position include all the above plus:- Minimum 7 years relevant work experience required. Relevant experience includes risk analytics, data science, forecasting, quantitative and/or qualitative research, and/or risk management. Other work experiences will be considered if they are demonstrated to be applicable to successfully performing this role.
- Strategic thinking and thought leadership with respect to risks and opportunities facing the utility industry and FirstEnergy
- Excellent communications skills, written and verbal
Benefits, Compensation & Workforce DiversityAt FirstEnergy, employees are key to our success. We depend on their talents to meet the challenges of our changing business environment. We are committed to rewarding individual and team efforts through our total rewards philosophy which includes competitive pay plus incentive compensation, a company-sponsored pension plan, 401(k) savings plan with matching employer contribution, a choice of medical, prescription drug, dental, vision, and life insurance programs, as well as skills development training with tuition reimbursement. Please visit our website at www.firstenergycorp.com to learn more about all of our employee rewards programs. FirstEnergy proudly supports workforce diversity. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, or status as a qualified individual with a disability. No recruiters or agencies without a previously signed contract. Unable to sponsor or transfer H-1B visas at this time.
SafetySafety is a core value for FirstEnergy and is essential to all of our business activities. We ensure employees have the tools, information, and processes to perform their duties in a manner that assures safety for themselves, their co-workers, our customers and the public. Our goals are to provide a safe work environment, to maintain an accident-free, injury-free workplace, and to promote and maintain public safety. To meet these goals, we dedicate ourselves to achieving world-class safety standards.
