Program Manager Enterprise Risk Management - Risk - Akron FirstEnergy Headquarters

FirstEnergy Risk Management Program Manager

FirstEnergy 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. FirstEnergy (NYSE : FE) is dedicated to integrity, safety, reliability and operational excellence. Headquartered in Akron, Ohio, FirstEnergy 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 FirstEnergy Service Company, a subsidiary of FirstEnergy Corp. The position is within the Risk group and reports to the Director, Enterprise Risk Management. It is located within our five-state service territory (Ohio, Pennsylvania, Maryland, West Virginia, or New Jersey). This role can report to any major FirstEnergy corporate center (Akron, Greensburg, Reading, Morristown, Holmdel, or Fairmont), however it is expected that the Program Manager will be required to be in Akron one to three times per quarter. 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 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 :

• A risk assessment is an annual exercise to work across all FE to identify and assess the top strategic risks to the business and provide assurance that they are managed. This role will oversee the execution of 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 development of enterprise risk management programs within FE's business segments (OH, PA, NJ, WV / MD, and FE Transmission) by working with risk owners within each of these segments to support FE's "risk intelligence" and ability to manage risks.
• Interface with management at all levels of the organization (through Executive Council) and craft communications to facilitate strategic decision-making.
• Continuously improve the enterprise risk management process 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 :