Director, Risk Strategy, Planning & Policy

Requisition ID # 164539 

Job Category: Compliance / Risk / Quality Assurance 

Job Level: Director/Chief

Business Unit: Gen Counsel, Ethics, Risk & Compliance

Work Type: Hybrid

Job Location: Oakland

Department Overview

The Enterprise Operational Risk Management (EORM) department is responsible for providing the framework, guidance and support to enable the business to effectively manage risk. This includes all aspects of risk management such as risk identification, assessment, modeling, mitigation planning, effectiveness measures, governance, and risk-related regulatory filings. This department is organized across three verticals – 1) Risk Analytics and Quantification which is responsible for development and deployment of all risk models, evaluation methodologies and supporting tools. 2) Risk Governance which is the connective tissue between the EORM department and functional areas such as Electric operations, Gas operations etc. across the company. Risk Governance oversees implementation of and visibility into the risk management process, supports risk integration into Functional Area decision making, and alignment of compliance activities with operational risk mitigation and control strategies. Deliverables for this group include the Corporate Risk Register, risk metric visibility, EORM program guidance documents and assisting with the preparation of various risk related presentations to Board of Directors to facilitate oversight of the EORM program. 3) Risk Strategy and Policy. This position is for the leader of this third group within EORM.

Organization Overview

This group is responsible for leading the development of, and advocacy for, PG&E’s risk management strategy, both internally and externally. It develops policies and approaches to integrate risk-informed decision-making into PG&E’s Integrated planning processes and True North Strategy (TNS) initiatives. It will also be responsible for conducting benchmarking across other utilities and industries on best practices related to risk management and drive continuous improvement to PG&E’s risk strategy. On the policy side, this group will represent PG&E in risk-based proceedings such as the Order Instituting Rulemaking (OIR) to Further Develop a Risk-Based Decision-Making Framework for Electric and Gas Utilities Proceeding (Risk OIR), risk-based analysis in in various regulatory filings such as the Risk Assessment and Mitigation Phase (RAMP), the General Rate Case (GRC), etc.

Position Summary

This position will serve as Director, Risk Strategy and Policy within the EORM department. This position will be responsible for:

• Setting and shaping future direction and strategy for the Risk Strategy, Planning and Policy group
• Responsible for partnering with enterprise strategy and other departments within the company to develop strategic risk management governance and oversight function.
• Interfacing with the strategy team to embed risk into strategic planning and decision-making processes
• Partner with teams within EORM to identify interdependencies between operational and strategic risks
• Serve as a leader within the Risk and Compliance organization and champion the integration of risk into business processes.
• Support the regulatory vision for risk-related proceedings.

The ideal candidate has:

• An energy and passion for risk-informed, data-driven decision making, collaboration and continuous improvement and a strategic mindset.

• Understanding of risk management frameworks, tools, and concepts including statistics and commonly used modeling techniques.

• A proven ability to translate complex issues into straightforward concepts easily understood by non-technical personnel.

• A track record of large project / program management success.

• Demonstrated ability to deliver technical projects with a team, often working under tight time constraints.

• Knowledge of the Utility industry and operations; ability to build and maintain effective working relationships; ability to provide thought leadership in risk management workshops and governance forums; and help continue to embed risk management into the company’s fundamental business processes.

This position is hybrid, working from your remote office and the Oakland General Office (OGO) location based on business need.

Compensation

PG&E is providing the salary range that the company in good faith believes it might pay for this position at the time of the job posting. This compensation range is specific to the locality of the job. The actual salary paid to an individual will be based on multiple factors, including, but not limited to, specific skills, education, licenses or certifications, experience, market value, geographic location, and internal equity. Although we estimate the successful candidate hired into this role will be placed towards the middle or entry point of the range, the decision will be made on a case-by-case basis related to these factors.

A reasonable salary range is:

Bay Area Minimum: $178,000

Bay Area Maximum: $304,000

Reporting Relationship

This position reports to the Senior Director, Enterprise Operational Risk Management.

Job Responsibilities

• Lead a team of 5-7 dedicated risk management staff.
• Guide development and implementation of strategic risk framework across the company.
• Support EORM leadership in continuous improvement initiatives for the department.
• Oversee the implementation of risk-related regulatory requirements and meet regulatory expectations in this area.
• Develops and maintains effective relationships with other functional areas risk and compliance managers to understand the interdependencies between risks and identify mutually beneficial mitigation strategies. Influence investment planning teams across Functional Areas to include programs to enhance system safety.
• Oversees the development of executive presentations on risk overview, mitigation strategies, performance against plans. Develops and propose new plans, strategies, and/or approaches to address risks. 
• Represents PG&E to outside organizations such as regulators or industry associations regarding wildfire risk trends, common issues, or best practices. Maintains industry contacts for benchmarking and sharing information.

Leadership Qualities

PG&E expects its leaders to conduct themselves with the highest ethics and integrity and to embody specific leadership qualities.

Strategic Mindset

• Seeing ahead to future possibilities and translating them into breakthrough strategies.
• Operating effectively, even when things are not certain or the way forward is not clear.

A Leader in the Community and Industry

• Effectively building formal and informal relationship networks inside and outside the organization.
• Anticipating and balancing the needs of multiple stakeholders.

Demonstrates Safety Leadership

• A safety champion in words and deeds with respect to both employee and public safety. Maintaining an environment of open dialog and free of retaliation.

Influences and Inspires

• Using various- communications that convey a clear understanding of the needs of different audiences. Maneuvering comfortably through complex policy, process, and people-related dynamics.

Optimizes Team Performance

• Building strong-identity teams that apply their diverse skills and perspectives to achieve common goals. Creating a climate where people are developed and motivated to do their best to help the organization.

Values Inclusion and Respects Individual Differences

• Recognizing the value that different perspectives and cultures bring to an organization.

Fiscally Responsible

• Interpreting and applying understanding of key financial indicators to make better business decisions. Planning and prioritizing work to meet commitments aligned with organizational goals.

Leads Ethically and in a Compliant Manner

• Sponsoring and sustaining a high integrity speak-up corporate culture which prioritizes ethics, safety and compliance.
• Building on necessary level of industry, company and subject-matter expertise, including laws and regulations.
• Provides a High Level of Customer Service
• Building strong customer relationships and delivering customer-centric solutions.

Background Qualifications

Minimum

• Bachelor’s Degree in Business, Economics, Finance, Engineering or job-related discipline or equivalent experience.
• Minimum of 10 years of successful professional experience with risk management, strategy and analytics, and/or utility operations management.
• Proven track record of successful leadership experience, leading and developing strong teams.

Desired

• Master’s Degree in business administration, finance, or job-related discipline or equivalent experience.
• Consulting background related to risk evaluation, and analysis.
• Risk Management Certification.
• Operational experience in oil and gas, natural gas and/or electric operations business.
• Experience in quantitative analysis, risk management, engineering, operations, maintenance, construction of electric systems or electric generation.
• Experience in managing, coordinating, and performing complex business analysis and regulatory proceedings
• Knowledge of relevant federal, state, and local regulations and laws, for example FERC, CPUC, OEIS.
• Experience with Lean Business/Lean Six Sigma.

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