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Manager Risk Analytics & Strategy Alignment - Risk - Akron General Office Bldg
Manager Risk Analytics & Strategy Alignment - Risk - Akron General Office Bldg-January 2024
Akron
Jan 4, 2025
About Manager Risk Analytics & Strategy Alignment - Risk - Akron General Office Bldg

  FirstEnergy at a GlanceWe 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 OpportunityThis is an open position with the FirstEnergy Service Company, a subsidiary of FirstEnergy Corp. [SC00]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 position is designated as Remote, but will require in-person meetings in the Akron area semi-frequently, estimated at 1-2 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. Risk management is composed of two teams: Enterprise Risk Management and Insurance Strategy & Operations. The Enterprise Risk Management team works across every area of FirstEnergy and it is expected that its leaders be agile learners, strategic thinkers, and able to execute. It is also expected that leaders on this team will invest in others and their growth in these three areas. The successful candidate will have an exciting opportunity to be part of identifying key strategic topics across every business unit and working with all business units to manage risks and take advantage of opportunities.To meet the refreshed strategy of the Corporate Risk department, a new Risk Analytics & Strategy Alignment team has been created. The primary responsibilities of this function include:The integration of Risk Management and Strategy is key to ensuring we are positioned achieve our strategic objectives and capture opportunities that will enhance FE's value. This team will be responsible to integrate Risk Management and Corporate-wide strategies to ensure we have a risk-informed strategic and business plan, through both quantitative and qualitative methods.It is important that we are able to determine our exposure to key risks and monitor changes to them. This team will conduct risk analytics to support risk monitoring, calibration (determination of an acceptable level of risk and our status against it), and escalation when risks surpass expected levelsFirstEnergy uses various quantitative models to perform business planning. This team will identify which models are most key to our business and strategic assumptions and evaluate model risk for them.The team will work with the Insurance Strategy & Operations team to evaluate insurance coverages so that we can bring FE's risk within tolerance through proper insurance coverages.Through risk analytics and risk assessments (performed by the Risk Universe & Risk Advisory Services team), various opportunities are identified for FE to either further mitigate risks or enhance business value. This team will identify those opportunities and manage projects to support business units in capturing them.There are many strategic projects across FE that are led or supported through risk analytics and strategy integration. This team will need to perform analytics as strategic risk advisory services to support business units and senior management to analyze and manage enterprise risks.This is a new team and the processes to support it are currently in the design phase and will need to be finalized an

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