FirstEnergy at a Glance

　　We are a forward-thinking electric utility powered by a diverse team of employees committed to making customers’ lives brighter, the environment better and our communities stronger.

　　FirstEnergy (NYSE: FE) is dedicated to integrity, safety, reliability and operational excellence. Headquartered in Akron, Ohio, FirstEnergy includes one of the nation's largest investor-owned electric systems, more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions, and a regulated generating fleet with a total capacity of more than 3,500 megawatts.

　　About the Opportunity

　　This is an open position with the FirstEnergy Service Company, a subsidiary of FirstEnergy Corp. [SC00]

　　The position is within the Risk group and reports to the Director, Enterprise Risk Management. It is located within our five state service territory (Ohio, Pennsylvania, Maryland, West Virginia, or New Jersey). This position is designated as Remote, but will require in-person meetings in the Akron area semi-frequently, estimated at 1-2 times per quarter.

　　The mission of the Corporate Risk team is to make risk actionable and help FirstEnergy achieve our strategic objectives. We envision a comprehensive and proactive Risk program that enables risk-informed decisions and the pursuit of opportunities. Risk management is composed of two teams: Enterprise Risk Management and Insurance Strategy & Operations. The Enterprise Risk Management team works across every area of FirstEnergy and it is expected that its leaders be agile learners, strategic thinkers, and able to execute. It is also expected that leaders on this team will invest in others and their growth in these three areas. The successful candidate will have an exciting opportunity to be part of identifying key strategic topics across every business unit and working with all business units to manage risks and take advantage of opportunities.

　　To meet the refreshed strategy of the Corporate Risk department, a new Risk Analytics & Strategy Alignment team has been created. The primary responsibilities of this function include:

　　The integration of Risk Management and Strategy is key to ensuring we are positioned achieve our strategic objectives and capture opportunities that will enhance FE’s value. This team will be responsible to integrate Risk Management and Corporate-wide strategies to ensure we have a risk-informed strategic and business plan, through both quantitative and qualitative methods.

　　It is important that we are able to determine our exposure to key risks and monitor changes to them. This team will conduct risk analytics to support risk monitoring, calibration (determination of an acceptable level of risk and our status against it), and escalation when risks surpass expected levels

　　FirstEnergy uses various quantitative models to perform business planning. This team will identify which models are most key to our business and strategic assumptions and evaluate model risk for them.

　　The team will work with the Insurance Strategy & Operations team to evaluate insurance coverages so that we can bring FE’s risk within tolerance through proper insurance coverages.

　　Through risk analytics and risk assessments (performed by the Risk Universe & Risk Advisory Services team), various opportunities are identified for FE to either further mitigate risks or enhance business value. This team will identify those opportunities and manage projects to support business units in capturing them.

　　There are many strategic projects across FE that are led or supported through risk analytics and strategy integration. This team will need to perform analytics as strategic risk advisory services to support business units and senior management to analyze and manage enterprise risks.

　　This is a new team and the processes to support it are currently in the design phase and will need to be finalized and implemented. The Manager, Risk Analytics & Strategy Alignment will have responsibility of various aspects of the design and buildout of these processes and this team. The successful candidate will:

　　Have solid knowledge of FE’s business and strategic objectives and ability to apply that knowledge to embed risk management within both financial and qualitative strategic goals

　　Work independently to oversee a team that performs cross-functional projects on a wide variety of topics, both quantitative and qualitative, to support FE’s strategic priorities

　　Manage several topics at one time and effectively multitask and lead others in their work

　　Perform and oversee reasonably advanced analytics work that leads to proper insights through the use of data

　　Provide thought leadership on both the philosophical and mathematical approach to risk analytics work

　　Identify and communicate key insights that inform FE’s strategy and financial plan

　　Manage projects and provide strategic insights on various risk-related topics

　　Manager Responsibilities include:

　　Collaborate across the Corporate Risk Teams and with business unit leadership

　　Encourage team development and drive opportunities for career enhancement for all team members

　　Effectively lead the team in the following responsibilities, through coaching, leadership, and delegation. While several activities are described below to provide a comprehensive overview of the responsibilities of this team, it is expected that the Manager would appropriately determine which activities to delegate and oversee, and which to perform themselves.

　　Become familiar with key strategic models across FE that are used to drive decision-making, including but not limited to: the financial forecast, the Pension, various business development scenarios, and support for key other assumptions

　　Work with Business Performance & Long Term Planning team and Risk Universe team to assess Financial Plan assumptions and provide scenario stress testing to create a risk-informed business plan

　　Integrate risk information with teams that are responsible for corporate strategies from both a quantitative and qualitative approach

　　Support Distribution and Transmission Capital Round processes and other project portfolio risk analyses

　　Develop, maintain, and perform continuous improvement on risk analytics models. These models could include, but are not limited to, the Combined Financial Risk Model which provides risk-adjusted earnings and cash ranges, or the Key Performance Indicator risk models which assess FE’s likelihood of meeting key operational and safety performance metrics

　　Develop focused risk models on key enterprise risks, at times by leading strategic enterprise-wide projects to analyze top risks, determine exposures and potential mitigations or opportunities, and recommend solutions. Often these models may be transferred back to the business unit for maintenance and/or continuous improvement. This work will be performed in partnership with the Risk Universe team and the business units

　　FirstEnergy has a Risk Escalation program by which we quantitatively calculate and monitor risk exposures against defined risk limits. This team will develop, monitor and maintain Risk Escalation metrics, follow escalation process where needed, and publish appropriate reporting

　　Utilize risk analytics to inform risk proper risk limits across FE’s enterprise risks

　　Identify opportunities to further leverage the GRACE tool’s (FirstEnergy’s GRC) Key Risk Indicator and Reporting functionalities to streamline or enhance risk analytics and escalation

　　Support the Risk Universe team in Enterprise Risk Assessment (ERA) processes:

　　Identify and develop key risk indicators to monitor risks across ERA process cycles

　　Support deep-dive Risk Reviews of identified top enterprise risks to help quantitatively determine risk exposures and identify metrics to track exposures to important risk drivers

　　Where feasible, utilize risk analytics to determine exposure to risks and identify key risk drivers and root causes that span multiple enterprise risks

　　Support Business Units and Risk Universe team in risk quantification efforts. Utilize this analysis to inform optimal Insurance coverages

　　Support Risk Operational Excellence team in risk reporting through data visualization development and other reporting

　　Oversee opportunity capture projects from risk analytics or risk assessment projects, which will also be informed by information developed by the Risk Universe team. This includes:

　　Creating prioritization scheme to determine highest value opportunities to capture value and/or mitigate key risks

　　Researching and maintaining a pipeline of potential opportunity capture projects, and periodically evaluate against prioritization scheme

　　For prioritized opportunities, define specific action items the business can take to pursue these opportunities, produce a business case for these action items, and escalate to leaders for sponsorship

　　Lead cross functional project teams to execute defined actions and capture value

　　Develop and track metrics to determine value capture from opportunities

　　Research and implement new modelling tools and techniques

　　Participate in industry and research groups

　　Qualifications include:

　　Bachelor’s degree in Economics, Mathematics, Statistics, Data Science, Finance, Business Administration, Engineering or related discipline required. Advanced degree is a plus but not required.

　　Minimum 7 years relevant work experience required. Relevant experience includes risk management, risk analytics, data science, forecasting, quantitative and/or qualitative research, strategy, opportunity development and/or change management and facilitation. Other work experiences will be considered if they are demonstrated to be applicable to successfully performing this role.

　　Experience leading cross-departmental projects in deep collaboration with other business units

　　Excellent quantitative modelling skills and an ability to uncover and communicate appropriate insights from data that will inform strategic decision-making

　　Experience developing or working with diverse teams and building an inclusive work environment

　　Project management skills, including change management

　　Leadership skills, including managing teams and complex projects

　　Excellent communications skills, written and verbal

　　Superior analytical abilities, including problem-solving, decision-making, and effective challenge

　　Strong understanding or ability to learn risk management processes

　　Strategic thinking and thought leadership with respect to risks and opportunities facing the utility industry and FirstEnergy

　　Highest standards of business conduct and ethical behaviors

　　Role models and reinforces the FE Values & Behaviors

　　Proficient in Microsoft Office applications and other applications needed to perform risk analytics, such as @Risk or similar tools

　　Benefits, Compensation & Workforce Diversity

　　At FirstEnergy, employees are key to our success. We depend on their talents to meet the challenges of our changing business environment. We are committed to rewarding individual and team efforts through our total rewards philosophy which includes competitive pay plus incentive compensation, a company-sponsored pension plan, 401(k) savings plan with matching employer contribution, a choice of medical, prescription drug, dental, vision, and life insurance programs, as well as skills development training with tuition reimbursement. Please visit our website at www.firstenergycorp.com to learn more about all of our employee rewards programs. FirstEnergy proudly supports workforce diversity. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, or status as a qualified individual with a disability. No recruiters or agencies without a previously signed contract. Unable to sponsor or transfer H-1B visas at this time.

　　Safety

　　Safety is a core value for FirstEnergy and is essential to all of our business activities. We ensure employees have the tools, information, and processes to perform their duties in a manner that assures safety for themselves, their co-workers, our customers and the public. Our goals are to provide a safe work environment, to maintain an accident-free, injury-free workplace, and to promote and maintain public safety. To meet these goals, we dedicate ourselves to achieving world-class safety standards.

　　Position Classification

　　Exempt

　　FirstEnergy Human Resources Team