Associate Enterprise Risk Specialist

Summary

Performs a second line of defense oversight function. Maintains and implements the enterprise-wide risk management framework. Supports business to identify and characterize risks (enterprise, operational, emerging, market, commodity, credit) and provides second level assurance that the business effectively manages risk within the Risk Appetite Statement. Works to optimize the organization's insurance coverage and manages the workers compensation program. Performs risk analysis and modelling to assess probability of specific market, commodity, and credit risks occurring and evaluate / value the impact / consequences of occurrence. Manages and engages business to advance enterprise-wide resilience programs and frameworks. 

Establishes risk frameworks, policies and procedures implemented across NYPA and Canals necessary to perform effective risk management. Ensures administration of the Executive Risk and Resiliency Management Committee and provides Board of Trustee presentation materials for the Finance and Risk Committee Meetings. Updates and maintains the Authority’s risk profile by capturing and reporting of operational and enterprise level risks. Manages and implements the risk management framework and underlying processes across the Authority’s risk portfolio focusing on enterprise and operational risks. Engages with the business units to provide an effective challenge and to ensure the first line of defense manages risks in accordance with the established risk framework and within the Authority’s Risk Appetite. Performs risk analysis, monitoring, and reporting using risk process and systems capturing information in risk registers. #LI-CJ1

Responsibilities

• Perform analysis on individual enterprise and/or operational risks and the risk inventory to identify underlying relationships and assist in the risk roll-up/alignment process
• Provide support for the Enterprise and Operational Risk Management team (EORM) and NYPA staff in facilitating the Enterprise and/or Operational Risk (EORM) process by ensuring the robust identification, definition, assessment, analysis, mitigation, and monitoring of risk throughout NYPA
• Support the development of the enterprise and/or operational risk frameworks and risk reports by providing data base support, mapping of data elements, developing and preparation of monthly reports
• As directed, support the EORM Team by aligning processes and systems with other risk management units such as Internal Audit, Compliance, and Internal Controls
• Assist EORM in the development of training materials and assist in conducting education/training relating to the EGRC System to various levels of NYPA Business Units management and staff
• Draft monthly reports, meeting agendas, and other duties related to administration of the Office of the Business Unit head, including updates to the Board of Trustees, Senior Staff meeting agendas and presentations, All Hands meetings, Executive Management Committee meetings and others as needed
• Provide support on the on-going operation and data base maintenance of the EGRC software module specific to the EORM programs, including performing regular updates to the risk repository, assessments, and reports to ensure integrity and accuracy of the risk repository data base
• Work with senior EORM Team members to establish and implement the Enterprise and/or Operational Risk  task level schedule to ensure timely delivery of assigned work products

Knowledge, Skills and Abilities

• Basic knowledge of various types of risk drivers, including Enterprise and Operational Risks
• Basic knowledge of enterprise and operational wide risk management concepts as they apply to the energy/utility industry
• Working knowledge of industry standards such as the International Organization for Standardization (ISO) and The Committee of Sponsoring Organizations of the Treadway Commission (COSO) relating to risk best practices
• Proficient in spreadsheet and/or statistical analysis packages. Working knowledge of Access, Word, PowerPoint, MS Project and EGRC Systems
• Working knowledge of the energy markets and financial planning tools
• Ability to prepare and deliver clear and concise analysis, underlying assumptions, summary, and insights with assistance from senior analysts and manager
• Ability to work and interact with various levels of NYPA staff and management across all NYPA business units and departments

Education, Experience and Certifications

• Bachelor’s degree required
• A minimum of 1 year relevant experience with risk analysis and interpretation and conversion of business functions into full process mapping

Physical Requirements

• Flexibility to work overtime, as needed, will be required
• Valid US driver’s license