Risk Analyst

First Energy at a Glance

We are a forward-thinking electric utility powered by a diverse team of employees committed to making customers' lives brighter, the environment better and our communities stronger.

First Energy (NYSE: FE) is dedicated to integrity, safety, reliability and operational excellence. Headquartered in Akron, Ohio, First Energy includes one of the nation's largest investor-owned electric systems, more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions, and a regulated generating fleet with a total capacity of more than 3,500 megawatts.

About the Opportunity

This is an open position with First Energy Service Company, a subsidiary of First Energy Corp.

The position is within the Risk group and reports to the Director, Enterprise Risk Management. It can be located within our five-state service territory (Ohio, Pennsylvania, Maryland, West Virginia, or New Jersey) at any major Corporate location.

The estimated pay range for this role is $100,725 - $118,500 The pay range for certain locations, including the state of New Jersey, include a 20% differential to account for an increased cost of living, making the pay ranges $120,870 - $142,200.

The mission of the Corporate Risk team is to make risk actionable and help First Energy 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 First Energy and it is expected that its senior 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.

* 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 advisory services to support business units and senior management to continue to manage enterprise risks through strategic projects that produce insights for the business as to how to best manage risks and capture opportunities on enterprise topics.

* 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 to oversee cross-functional projects on a wide variety of topics

* Work across several topics at one time and effectively multitask and lead others in their work

* Have strong communication skills, both written and verbal, that can be effectively tailored to all levels from individual contributors through the Board of Directors

Responsibilities include:

* Collaborate across Corporate Risk and with business unit leadership (Enterprise risk owners)

* Encourage team development and drive opportunities for program enhancements

* Support or lead 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 the assigned portion of the Risk Universe (the comprehensive record of all enterprise risks…