The Role
Leads enterprise risk management by identifying, measuring, monitoring, and reporting organizational risks. Develops ERM education, risk parameters, KRIs, methodologies, models, compliance dashboards, and executive reporting. Advises management and risk owners, supports the Chief Risk Officer, and presents quarterly risk profiles to committees and board stakeholders. Oversees PJM’s insurance program, coordinates third-party coverage, and manages the Know Your Customer process. Requires collaboration across departments and knowledge of AML, anti-corruption, FCPA, and OFAC requirements.
Summary Generated by Built In
Flexible Work Arrangement: Hybrid
Leads efforts to identify, measure, and monitor the Company's risk in how its transactions and infrastructure function. Serves as the subject matter expert to promote and augment awareness across the Company for Enterprise Risk Management (ERM), manages the Insurance Program for PJM, and manages the Know Your Customer process for PJM with the goal to better integrate risk management into the organization. Responsible for understanding the scope of the potential risk factors that could affect the operations of the organization. Contributes to the overall quality of risk management across the company by calculating, evaluating and providing written commentary upon various risks at an enterprise level.Essential Functions:
Leads efforts to identify, measure, and monitor the Company's risk in how its transactions and infrastructure function. Serves as the subject matter expert to promote and augment awareness across the Company for Enterprise Risk Management (ERM), manages the Insurance Program for PJM, and manages the Know Your Customer process for PJM with the goal to better integrate risk management into the organization. Responsible for understanding the scope of the potential risk factors that could affect the operations of the organization. Contributes to the overall quality of risk management across the company by calculating, evaluating and providing written commentary upon various risks at an enterprise level.Essential Functions:
- Support the Chief Risk Officer in collaborating with management in the respective business units to comprehend and measure evolving risk and risk moderation strategies as measured within the board approved risk appetite.
- Develop educational resources for the sole purpose of educating stakeholders, mechanisms of the enterprise risk management framework, universal risk parameters, risk -specific parameters, and key risk indicators (KRI).
- Collaborates with risk owners to comprehend key risk indicators (KRI) that have been planned and applied in order to quantify the variety of current and future risk compared to recognized risk parameters field such as capacity, target, or tolerance linked with the respective risk defined parameters.
- Report on the current assessed level of risk and document recommendations on managing risks. Contribute to risk reporting initiatives such as process improvement and technology efforts to enhance efficiency and/or accuracy of reporting.
- Assist in developing and implementing measurement components of the ERM framework.
- Help build, design and implement various methodologies, measures, models and dashboards for risk compliance
- Construct reviews and quarterly profiles for presentation to the ERMC (enterprise risk management committee) and produce ad hoc reports for the executive team and board committee(s) as required. Manages the preparation of all required reporting with regard to ERM for PJM.
- Provides leadership on the implementation of ERM standards at PJM.
- Provides Leadership for the PJM Insurance Program and collaborates with PJM Staff, PJM finance, the Executive Team, and the Risk and Audit Committee to meet all objectives with regard to 3rd Party Insurance coverage.
- Bachelor degree Economics, Finance or equivalent work experience prior enterprise risk management experience working within an energy and/or utility environment preferred.
- Prior enterprise risk management experience working within an energy and/or utility environment preferred.
- Experience in global and Insurance Markets for a large corporation with facilities and operational risk.
- Knowledge of rules governing Anti-Money Laundering, Anti-corruption, FCPA, and OFAC and the best practices regarding prevention of violations for any of the above items.
- 2+ years of leadership experience in a managerial/supervisory role.
- Ability to develop strong relationships with multiple departments and divisions
- Ability to work in a team environment as a team member or as team leader
- MBA, degree
- Experience working within an energy and/or utility environment is preferred
- 5-10 years of leadership experience in a managerial/supervisory role.
- Ability and desire to build relationships and interact with a wide range of stakeholders and staff to maintain and enhance PJM’s customer service reputation
- Experience with PJM operations, markets, and planning functions
Skills Required
- Bachelor’s degree in Economics, Finance, or equivalent work experience
- Prior enterprise risk management experience
- Enterprise risk management experience in an energy or utility environment
- Experience with global and insurance markets for a large corporation with facilities and operational risk
- Knowledge of Anti-Money Laundering, anti-corruption, FCPA, and OFAC rules and violation-prevention best practices
- At least 2 years of leadership experience in a managerial or supervisory role
- Ability to develop strong relationships across multiple departments and divisions
- Ability to work effectively as a team member or team leader
- MBA degree
- Five to ten years of leadership experience in a managerial or supervisory role
- Ability and desire to build relationships with a wide range of stakeholders and staff
- Experience with PJM operations, markets, and planning functions
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The Company
What We Do
PJM Interconnection manages the high-voltage electric system that provides power to 65 million people in all or parts of 13 states and the District of Columbia. It's the largest power grid in North America. As a neutral, independent party, PJM administers a competitive wholesale electricity market. PJM’s long-term regional planning process provides a broad, interstate perspective that identifies the most effective and cost-efficient improvements to the grid to ensure reliability and economic benefits. PJM serves all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia. An independent board oversees PJM’s activities. Effective governance and a collaborative stakeholder process help PJM achieve its vision: “To be the electric industry leader – today and tomorrow – in reliable operations and efficient wholesale markets.”
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