Expert Risk Analyst

Requisition ID # 166240

Job Category: Compliance / Risk / Quality Assurance

Job Level: Individual Contributor

Business Unit: Electric Engineering

Work Type: Hybrid

Job Location: Oakland

Department Overview

The Electric Risk Management (ERM) team plays a pivotal role in the evaluation, regulatory reporting, and investment planning process for PG&Es key and most consequential risks. The ERM team executes PG&Es risk decision framework that is used to support a data driven process to inform risk-based decisions with a focus on continuous improvement.

ERM supports the risk management of Wildfire (WLDFR), Public Safety Power Shutoff (PSPS), Enhanced Powerline Safety Settings (EPSS), Distribution Overhead (DOVHD), Distribution Underground (DUNGD), Transmission Overhead (TOVHD), Transmission Underground (TUNGD), Distribution and Transmission Substation (DSBN, TSBN), and Public Contact with Intact Energized Electrical Equipment (PCEEE). The team works closely PG&E’s electric operations and asset strategy teams to identify and evaluate existing and emerging risks, support prioritization and quantification of risk mitigation strategies, monitor key performance and risk indicators, and aids the investment planning process and regulatory proceedings such as the WMP, RAMP, and GRC filings.

Position Summary

This position will work closely with the asset family owners and SMEs to appropriately evaluate and implement a risk management framework. The analyst will prepare reporting and analysis for the line of business and the enterprise, respond to GRC and other regulatory data requests, including the supporting analysis, and coordinate with various stakeholders across the line of business to track operational and enterprise risks and the execution and effectiveness of mitigation activities. Additionally, they will be instrumental in executing the transition to a new risk-based evaluation that will provide more granularity and align PG&E’s different risk models.

This position will work closely with stakeholders within electric risk management (ERM), risk management and analytics (RADA), enterprise operations and risk management (EORM), electric system planning, transmission and distribution engineering, electric asset strategy, and asset knowledge management.

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:

Minimum Base Salary (Bay Area), $118,000.00

Mid Base Salary (Bay Area), $153,000.00

Maximum Base Salary (Bay Area), $188,000.00

Job Responsibilities

Serves as a subject matter expert (SME) for operational / business risk strategy within assigned line of business. Leads risk assessment efforts across line of business. in accordance with PG&E standard practice.

May own risk register or collaborate with leadership on its development and maintenance. Oversees coordination of updates working with asset family stakeholders and risk champions.

Provides process support, advice, and recommendations to ensure effective risk management within the business.

Works with line of business clients to develop, implement, and monitor appropriate risk mitigation activities and controls.

Recognizes and communicates internal and external developments that may impact risks.

Leverages risk information to understand and challenge business decisions.

Supports development of best practices in risk management across line of business.

Develops and coordinates the preparation of presentation materials for various levels of management, including executives.

Coaches less experienced risk analysts.

Participates in established risk management forums at the enterprise level

Qualifications

Minimum:

Bachelor’s degree or equivalent experience

Seven years of experience in risk management, utility operations, and/or related field

Desired: 6+ years’ experience in electric operations, asset management and strategy

Ability to facilitate decision-making and engage appropriate SMEs in problem-solving teams

Ability to synthesize complex issues into easy-to-understand concepts

Ability to work across multiple functions and build strong working relationships

Ability to influence varying levels of leadership and collaborate with cross-functional teams

Ability to facilitate decision-making and engage appropriate SMEs in problem-solving teams

Ten years of relevant experience in quantitative analysis, risk management, engineering, operations, maintenance, construction of electric systems or electric generation, also to include three years of experience in managing, coordinating, and performing complex business analysis and regulatory proceedings