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Risk Manager (Senior Advisor, Enterprise Risk & Performance)

Date: Aug 5, 2022

Location: CA

Company: Independent Electricity System Operator

INDEPENDENT ELECTRICITY SYSTEM OPERATOR (IESO)

Requisition ID: 16886
Location:  Mississauga 
Temporary Assignment: Regular
Business Unit: Corporate Services


Why join us? 

You’ve got great skills. And you want to use them in an organization where you know what you do every day matters. We get that.
We also know that ensuring Ontarians have access to affordable and reliable power doesn’t happen by accident. So we give you the tools, flexibility and support you need to achieve your goals, and development opportunities to help you grow. You’ll thrive in a collaborative, team-based environment that values your unique skills and experiences – and recognizes that when you do better, we become even better too.  


Who we are 

The Independent Electricity System Operator (IESO) works at the centre of the province’s power system, ensuring Ontarians have access to reliable and cost-effective electricity when and where they need it. We operate the province’s electricity grid 24/7, design, run and oversee the wholesale electricity markets, and plan and prepare to meet Ontario’s electricity needs – now and into the future.


 

The opportunity 

 

The Risk Manager (Senior Advisor, Enterprise Risk & Performance) is responsible for leading delivery of activities related to the effective execution and management of the Enterprise Risk Management (ERM) and Performance Management (PM) programs.  The Senior Advisor will lead and/or directly work on key risk and performance man.agement transformation initiatives and support enterprise initiatives as the risk management subject matter expert.

 

The role’s Performance Management (PM) accountability is to lead the ongoing development, implementation and support the oversight of the PM program to assess the efficiency and effectiveness with which the IESO executes its corporate strategy and business plan.

 

What you'll do 

 

Advancing Enterprise Risk Maturity

 

  • Provide leading contributions towards the enhancement of ERM program maturity including development and preparation of the risk management annual plan and roadmap
  • Design, build and develop continual enhancements of program materials to further provide ERM education, support enterprise-wide skills development and tools that promote consistent, forward-looking, risk practices
  • Work in partnership with key stakeholders, including leaders within business units to enhance the level of risk management capability in operational and project risk management
  • Support Enterprise Risk Champions Committee through development of relevant agenda topics, meeting materials, delivering targeted presentations, knowledge sharing and training on risk 
  • Design and development of risk management training initiatives for diverse audiences (board and its committees, the executive leadership team, project teams, process owners and business unit staff).

 

ERM Program Delivery

 

  • Collaborate with business partners to obtain regular status updates and proactively lead discussions on objective-centric risk identification, assessment, and monitoring
  • Coordinate the compilation of ongoing reports and produce meeting materials for audit committee that accurately communicates the organization’s current state of residual risk and mitigation progress status using insightful and creative visualizations
  • Facilitation of the organization’s risk target assessments and suggest new risk targets to align with planned mitigations and existing controls
  • Lead annual review of the IESO’s strategic risks with both the business units and the executive leadership team
  • Perform interpretation of risk management standards, directives, guidance and guidelines
  • Analyze risks to determine risk root cause, impacts, controls and systemic interdependencies amongst risk attribute data
  • Identification and development of key risk mitigation plan programs and assessing their ability to mitigate to target levels
  • Maintain enterprise risk management corporate policy, procedures and process documents
  • Coordination and management of the work of external contractors executing risk management related services including managing budgets and timelines. This includes, assisting in the development of procurement documents, statements of work and critically reviewing external contractor deliverables.

 

ERM Reporting

 

  • Development of all risk related reports including the strategic risk executive dashboard and quarterly mitigation progress updates at a level commensurate with Board-level quality standards
  • Dissemination and posting of reports to stakeholders
  • Present risk reports to management and staff, explaining key concepts and messages
  • Preparation of specialized in-depth risk reports on key organizational initiatives and emerging trends identified as areas of focus.

 

Performance Management (PM)

 

  • Develop, implement and coordinate the management of the IESO’s Performance Management program
  • Produce materials and ensure timely reporting to Board of Directors on business performance
  • Working with measurement owners, facilitate the process of establishing performance measures, targets and thresholds that are aligned with the IESO’s strategy
  • Monitor and analyze performance results and report on situational context and/or corrective actions for areas not achieving targets
  • Complete regular business performance review meetings with senior leadership to deliver interim progress updates and final-year assessment reports to the Board
  • Input measures and target data into the strategy development and business planning process.

 

Other Duties (As Required)

  • Input risk and performance management data into enterprise business planning process to help ensure timelines in the development of the plan are on track and requirements are being met for the business plan submission to the Government.
  • Support the IESO’s annual revenue requirement submission to the Ontario Energy Board by providing risk and performance management related inputs
  • Respond to Government and Ontario Energy Board questions on risk and performance management

 

 

What you need to succeed 

 

The Senior Advisor role entails demonstration of leadership in the values of collaboration and purposeful engagement.  The Senior Advisor is a skilled communicator who can independently facilitate execution of the ERM program deliverables. The role demands a high degree of communication to explain complex concepts to stakeholders and stay connected with risk and performance measure owners throughout the reporting cycle. Working proactively with senior management, the Senior Advisor will enable business partners to identify, assess and mitigate risks and uncertainties across the business.  This role helps ensure the risk management process remains appropriately sized to the organization’s needs, is practical and repeatable in order to successfully achieve the IESO’s strategy and business plan objectives.

 

Customer orientation, problem solving and adaptability are key competencies for success in this role. The Senior Advisor will exemplify a high degree of customer focus by proactively seeking first-hand customer information and using it for delivering reports and service enhancements.  The Senior Advisor must be comfortable using rigorous logic and methods to solve difficult problems with effective solutions.  Achieving high performance will include providing a variety of options to stakeholders that probes all fruitful sources for answers and can see hidden problems in advance.  Being comfortable working with risk and performance data, the Senior Advisor is willing to look beyond the obvious and doesn't stop at the first answers. Demonstrates openness to change while using experimentation to continuously improve and find solutions.

 

The following education and experience are assets for the role:

 

Canadian Risk Manager (CRM) designation or equivalent preferred. 

 

Requires a knowledge of business principles and processes to conduct strategic business assessments, conduct research, support the development of quality management performance measures and targets, and contribute to the provision of high-quality risk and performance reports, direction, guidelines and recommendations for achieving effective management systems and business processes.

 

This knowledge is considered to be normally acquired through the completion of four-year University education in the appropriate field (accounting, business, economics, finance, law) or by having the equivalent level of education.

 

  • Experience in management consulting, technical and analytical knowledge and understanding of the energy industry – specifically energy systems, markets and energy management. 
  • Experience in the development, coordination and management of projects along with strong business acumen with excellent analytical and problem-solving skills with the ability to recognize and identify critical issues. 
  • Excellent communications skills and ability to advise the leadership team on complex, cross-functional issues and decisions that impact the organization’s ability to effectively manage its risk exposure and a focus on operational efficiency and speed of execution for key priorities

 

A period of over 8 years and up to and including 10 years is considered necessary to gain this experience.

 

What’s in it for you

•    A comprehensive total rewards program, including best-in-class benefits and a flexible workplace 
•    A challenging, fast-paced and collaborative team environment, where your perspectives and experiences matter 
•    Leaders who support your growth and success through regular feedback and coaching
•    The opportunity to work with some of the brightest minds in the industry

For future reference, please ensure to save a copy of the job description as it will no longer be available once the posting closes.

 


At the IESO, we know that achieving great results depends on embracing diversity by attracting, developing and retaining people from a wide variety of backgrounds. We do this by ensuring our recruitment and advancement policies are fair and equitable, and by creating an accessible and inclusive environment – one that values every team member’s unique skills and experiences and ensures they have the support they need to achieve their potential. If you require accommodation during the recruitment process, please let us know. 

 

We thank you for your interest in a career at the IESO, but we will only contact those candidates selected for an interview. 

Note: The successful candidate must be eligible to work in Canada and will be subject to a background check.

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