Principal, Risk and Strategy

Requisition ID # 166909 

Job Category: Compliance / Risk / Quality Assurance 

Job Level: Manager/Principal

Business Unit: Gen Counsel, Ethics, Risk & Compliance

Work Type: Hybrid

Job Location: Oakland

Department Overview

The Office of the Chief Risk Officer is responsible for enabling the business to effectively manage risk in key areas of the enterprise. The Enterprise Risk and Operational Risk Management (EORM) department is charged with overseeing all risk management related to PG&E’s operations and public safety including evaluating risks associated with wildfires, nuclear, dams, natural gas, cyberattacks and natural disasters. Functions include development and oversight of governance procedures, risk modeling and analytics, regulatory strategy, and the integration of risk into operational strategy, forecasting and work prioritization. EORM has responsibility for consistent implementation and continuous improvement of its risk management program across ass aspects of the business

Position Summary

The principal will be responsible for leading the development of strategic risk registry at the company. This will entail identification, assessment of strategic risks, establishing governance and oversight functions and integration of these risks into the business planning processes by developing a risk management framework. He/she will do this by providing thought leadership on risk assessment and management strategies, championing the use of data-based, risk-informed decision making and taking the multiple asset teams across the operational groups through this framework.

The ideal candidate will have demonstrated knowledge and experience in risk management and frameworks, strategic planning, building and maintaining relationships at all organizational levels, strong analytical and data visualization skills and a customer service mindset. Since the focus is on strategic risks, this role involves monitoring the external environment, conducting thorough analyses of business implications, using those analyses to identify and assess strategic risks for the company, evaluate risk posture and evaluate existing controls culminating into strategic advice to senior leadership. The Principal will also build and maintain a strong network of contacts within relevant industry groups and institutions and collaborate with cross-functional teams to ensure alignment with the company’s strategic goals.

This position is hybrid, working from your remote office and Oakland General Office once per week and based on business needs.  

PG&E is providing the salary range that can reasonably be expected for this position at the time of the job posting. This salary 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, internal equity, specific skills, education, licenses or certifications, experience, market value, and geographic location. The decision will be made on a case-by-case basis related to these factors.​ This job is also eligible to participate in PG&E’s discretionary incentive compensation programs.  

A Reasonable Salary Range:

Bay Area – $132,000-$196,900

Job Responsibilities

• Lead development of company’s strategic risk register and develop processes to identify risk posture for the company.

• Evaluate the strategic risks of the company against existing controls and propose new controls where relevant; champion change management processes related to changes in the risk management process

• Stakeholder Engagement: Build and maintain a strong network of contacts within relevant institutions, think tanks, and private sector entities. 

• Cross-Functional Collaboration: Collaborate with cross-functional teams to ensure alignment with the company’s strategic goals and standards of excellence.

• Planning, executing, and facilitating risk-related workshops.

• Developing “voice of customer” to hear from FAs on establish tie-ins between company’s operational and strategic risks.

• Embedding risk management into the company’s fundamental business processes 

• Assessing strengths and gaps in risk management practices and procedures

• Developing communication tools to create visibility to risk management data. 

Qualifications

Minimum Qualifications:

• Bachelor’s degree in business, or related discipline or equivalent work experience

• Minimum of ten years of relevant experience i.e., strategic planning, economic analysis, enterprise risk management (operational and/or compliance), governance, process improvement, change management, utility operations or other applicable areas.

Desired Qualifications

• Excellent written and spoken communication skills and experience communicating with multiple diverse stakeholder groups

• Proficiency in Microsoft Excel, Word and PowerPoint

• Proven ability to manage fast paced and highly dynamic situations 

• Master’s or advanced degree in economics, analytics, business or STEM field preferred.

• Prior experience continuous improvement, consulting, strategic management

• Demonstrated knowledge and experience in utility industry risk management practices.

• Experience designing and implementing controls to ensure process sustainability. 

• Background in intelligence gathering and analysis

• One or more of the following certifications: Project Management Professional (PMP), Risk Management Professional (RMP), Lean Six Sigma Blackbelt, or other Risk Management certification.

• Understanding of the intersection of energy markets, public policy, and geopolitics

• Exceptional analytical skills, ability to distill complex information into clear, actionable insights, and effective engagement with diverse stakeholders

• High degree of emotional intelligence, interpersonal skills and relationship building

• A collaborative and team-oriented spirit Internal

• Ability to navigate complex organizations and stakeholder engagement experience; stakeholder mapping a plus

• Highly organized, with demonstrated ability to balance multiple priorities at once