Director, Enterprise Risk Management

PJM Interconnection, LLC; Audubon (IA); Hybrid; USD 95,000 - 135,000; Full time

Benefits offered by this job

Medical insurance

401(k) plan

Vacation & holidays

Tuition reimbursement

Life insurance

Disability coverage

Employee assistance program

Adoption benefits

Job summary

PJM Interconnection, LLC is seeking a senior risk professional to lead enterprise risk management activities, measure risk exposure, and promote ERM awareness across the organization. The role partners with management to quantify KRIs and report risk to the executive team.

You will help manage the Insurance Program for PJM and support Know Your Customer processes while aligning risk practices with the company’s strategic objectives. Hybrid work arrangements available.

Qualifications

• Bachelor's degree in Economics or Finance or equivalent experience in enterprise risk management.
• Experience in risk management within energy or utility sectors is preferred.
• Knowledge of AML, anti-corruption, FCPA, OFAC controls and best practices.

Responsibilities

• Support the Chief Risk Officer and management to measure evolving risk and moderation strategies.
• Develop educational resources explaining the ERM framework, risk parameters, and KRIs.
• Collaborate with risk owners to quantify risk indicators and compare to parameters.
• Prepare and present risk assessments and ad hoc reports to executive leadership and committees.

Skills

Leadership

Relationship building

Teamwork

Risk management

Compliance

Education

Bachelor's degree in Economics/Finance

MBA

Job description

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

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.

Characteristic and Qualifications

• Required: 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


• Preferred 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

PJM employees work collaboratively to maintain the reliability of North America’s largest centrally dispatched electric grid and to operate one of the world’s largest competitive wholesale electricity markets. We seek talented candidates who thrive in a diverse, challenging and creative environment where they have opportunities to grow, learn new skills and build a career. Learn more about PJM by visiting the Learning Center. Discover your potential at PJM Interconnection! We are proud of our company’s history, culture and community. As the nation’s largest grid operator, the work we do every day requires every one of us. We recognize and appreciate the different abilities, backgrounds, perspectives, experiences, cultures and needs of each individual. If you're seeking a dynamic and supportive workplace that values innovation and creativity, we invite you to explore opportunities with our team.

Benefits

• Medical, vision and dental insurance


• 401(k) plan with 100% employer match up to 5% of salary


• Non-elective 401(k) employer contribution


• Vacation and paid holidays


• Tuition reimbursement


• Life insurance


• Accidental death and dismemberment insurance


• Short-term and long-term disability coverage


• Business travel and accident insurance


• Child day care referral program


• Employee assistance program


• Adoption benefits recognized by the Dave Thomas Foundation for Adoption, which has named PJM one of the best adoption-friendly energy and utility companies in America.