Enterprise Risk Management Principal

About the position

At ERCOT, our diverse and dynamic work environment provides a platform on which employees can work together to build the future of the Texas power grid and wholesale market utilizing the latest technologies and resources. We encourage you to join our talented, dedicated workforce to develop world-class solutions for today and tomorrow's energy challenges while learning new skills and growing your career. ERCOT is committed to fostering inclusion at all levels of our company. It is the cornerstone of our corporate values of accountability, leadership, innovation, trust, and expertise. We know that individuals with a wide variety of talents, ideas, and experiences propel the innovation that drives our success. An inclusive and diverse workforce strengthens us and allows for a collaborative environment to solve the challenges that face our industry today and in the future. The Enterprise Risk Management (ERM) Principal provides strategic analyses and recommendations to support risk owners and business groups. The successful candidate will collaborate with other ERM team members and business units on a variety of projects with a focus on risk identification, quantification, and developing insightful reports and presentations. The candidate is expected to demonstrate in-depth expertise in handling both quantitative and qualitative information. The candidate will participate in and drive discussions with leaders from business units, and co-ordinate discussions and timeframes for risk assessments. This role will expand the company's risk assessment capabilities and exert influence across the enterprise to increase risk awareness and implement mitigation strategies.

Responsibilities

• Recognized as a subject matter expert, possessed specialized advanced technical skills and competencies.
• Employs highly developed problem resolution skills and expertise as a generalist or specialist using professional concepts and ERCOT objectives to resolve complex issues in creative and effective ways.
• Wide latitude for decisions within assignments, programs and projects; impact is generally limited to the project or department.
• Often advises and leads the work of lower-level employees.
• Could frequently perform in a program/project leadership role requiring the ability to develop and lead matrixed programs.
• Interacts with management and senior customer personnel on matters requiring coordination across organizational lines.
• Identify, analyze, and quantify potential risks that could impact the organization's strategic objectives.
• Provides recommendations for risk mitigation initiatives that will provide value and benefits for stakeholders and business units.
• Aligns risk management best practices with the organization's strategic goals.
• Ensure risk mitigation decisions support overall business objectives.
• Collaborates cross-functionally on projects with a focus on risk quantification and developing reports and presentations that assist in driving business decisions.
• Responsible for developing and documenting risk policies, procedures, and training materials.
• Demonstrates high level expertise in handling quantitative and qualitative risk information.
• Creates risk mitigation plans and monitors and tracks progress at the enterprise and business unit level.
• Provides risk reporting and status updates to management and executive leadership.
• May perform in a program/project leadership role requiring the ability to develop and lead matrixed teams.

Requirements

• Requires a minimum of 10 years' job-related work experience in excess of degree requirements.

Nice-to-haves

• Electricity industry experience and experience quantifying risk (preferred).
• Knowledge of ERCOT market and operations (preferred).
• Understanding of risk frameworks such as COSO.

Benefits

• 401k
• health_insurance
• dental_insurance
• vision_insurance
• flexible_scheduling
• paid_holidays
• tuition_reimbursement
• professional_development