Requisition ID 164539
Job Category: Compliance / Risk / Quality Assurance
Job Level: Director/Chief
Business Unit: Gen Counsel, Ethics, Risk & Compliance
Work Type: Hybrid
Job Location: Oakland
Department Overview The Enterprise Operational Risk Management (EORM) department is responsible for providing the framework, guidance and support to enable the business to effectively manage risk. This includes all aspects of risk management such as
risk identification, assessment, modeling, mitigation planning, effectiveness measures, governance, and risk-related regulatory filings. This department is organized across three verticals - 1) Risk Analytics and Quantification which is responsible for development and deployment of all risk models, evaluation methodologies and supporting tools. 2) Risk Governance which is the connective tissue between the EORM department and functional areas such as Electric operations, Gas operations etc. across the company. Risk Governance oversees implementation of and visibility into the risk management process, supports risk integration into Functional Area decision making, and alignment of compliance activities with operational risk mitigation and control strategies. Deliverables for this group include the Corporate Risk Register, risk metric visibility, EORM program guidance documents and assisting with the preparation of various risk related presentations to Board of Directors to facilitate oversight of the ERM program. 3) Risk Strategy and Policy. This position is for the leader of this third group within EORM.
Org Overview This group is responsible for leading the development of, and advocacy for, PG&E's risk management strategy, both internally and externally. It develops policies and approaches to integrate risk-informed decision-making into PG&E's Integrated planning processes and True North Strategy (TNS) initiatives. It will also be responsible for conducting benchmarking across other utilities and industries on best practices related to risk management and drive continuous improvement to PG&E's risk strategy. On the policy side, this group will represent PG&E in risk-based proceedings such as the Order Instituting Rulemaking (OIR) to Further Develop a Risk-Based Decision-Making Framework for Electric and Gas Utilities Proceeding (Risk OIR), risk-based analysis in in various regulatory filings such as the Risk Assessment and Mitigation Phase (RAMP), the General Rate Case (GRC), etc., and development and implementation of policies, processes and tools that support implementation of risk-based decision making
Position Summary: This position will serve as Director, Risk Strategy and Policy within the EORM department. This position will be responsible for:
- Setting and shaping future direction and strategy for the Risk Strategy and Policy group.
- Driving integration of operational risk modeling with other enterprise processes such as Risk Based Portfolio Prioritization Framework and the business planning process
- Championing the use of operational risk models for business decision making and supporting company's True North Strategy initiatives
- Implementing Regulatory Decisions related to operational risk modeling
- Designing and implementing a governance structure for Risk Model validation and oversight
- Overseeing evolution/iteration of existing risk models (reliable, verifiable, repeatable, used and useful) while incorporating "Next Steps" Risk Assessment Mitigation Phase (RAMP) modeling commitments
- Expand the aperture of risk management objectives by developing and implementing strategic risks management lifecycle for the company
The ideal candidate has: - An energy and passion for risk-informed, data-driven decision making, collaboration and continuous improvement.
- Understanding of risk management frameworks, tools, and concepts including statistics and commonly used modeling techniques.
- A proven ability to translate complex issues into straightforward concepts easily understood by non-technical personnel.
- A track record of large project / program management success
- Demonstrated ability to deliver technical projects with a team, often working under tight time constraints
- Knowledge of the Utility industry and operations; ability to build and maintain effective working relationships; ability to 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 the Oakland General Office(OGO) location based on business need.
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. Although we estimate the successful candidate hired into this role will be placed 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:$178,000
Bay Area Maximum$304,000
Reporting Relationship This position reports to the Senior Director, Enterprise Operational Risk Management.
Job Responsibilities - Lead a team of 5-7 dedicated risk management staff
- Guide development and implementation of strategic risk framework across the company
- Support EORM leadership in continuous improvement initiatives for the department
- Manages the regulatory interface with the CPUC and relevant stakeholders in the development and implementation of the Risk Informed Decision-Making Framework
- Oversee the implementation of risk-related regulatory requirements and meet regulatory expectations in this area
- Responsible for supports regulatory communications with the CPUC and its departments through RAMP, GRC, Risk OIR, and WMP proceedings.
- Owns the Wildfire Fund durability fund calculation and reporting in conjunction with Finance and Wildfire Risk organizations
- Develop and execute on strategy to integrate risk quantification to drive strategic and business decisions across the company. Work with the Functional Areas to embed operational risk models into regular business practices and drive adoption of operational risk models for use in decision-making.
- Leads risk assessment and mitigation activities across Functional Areas. Provides authoritative risk support, advice, and recommendations to ensure effective risk management within the business.
- Develops and maintains effective relationships with other functional areas risk and compliance managers to understand the interdependencies between risks and identify mutually beneficial mitigation strategies. Influence investment planning teams across Functional Areas to include programs to enhance system safety.
- 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.
- 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 Qualities PG&E expects its leaders to conduct themselves with the highest ethics and integrity and to embody specific leadership qualities.
Strategic Mindset Seeing 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 Industry Effectively building formal and informal relationship networks inside and outside the organization.
Anticipating and balancing the needs of multiple stakeholders.
Demonstrates Safety Leadership A 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 Inspires Using 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 Performance Building 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 Inclusion Recognizing the value that different perspectives and cultures bring to an organization.
Fiscally Responsible Interpreting 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 Manner Sponsoring and sustaining a high integrity speak-up corporate culture which prioritizes ethics, safety and compliance.
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