Analyst II - Risk - Akron FirstEnergy Headquarters

About the Opportunity The position is within the Risk group and reports to the Director, Enterprise Risk Management. It is located onsite within our five-state service territory (Ohio, Pennsylvania, Maryland, West Virginia, or New Jersey). 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. Corporate Risk is composed of two teams: Enterprise Risk Management (ERM) and Insurance Strategy & Operations. The Enterprise Risk Management team works across every area of FirstEnergy and it is expected that its contributors be agile learners, strategic thinkers, and able to execute. The successful candidate will have the opportunity to be part of identifying key strategic topics across multiple business units and working with them to manage risks and take advantage of opportunities. To meet the strategy of the Corporate Risk department, we are seeking to add Risk Analytics professionals to our team. The primary responsibilities of these professionals in support of the overall ERM function include: It is important that we are able to determine our exposure to key risks and monitor changes to them. This team member 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. 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. 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 to support business units and senior management to analyze and manage enterprise risks. The successful candidate will: Seek to gain a solid knowledge of FE’s business and strategic objectives and be able to apply that knowledge to embed risk management within FE’s strategic goals Work collaboratively in 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 communicate their work to team members Perform risk analytics work that leads to proper insights through the use of data Provide insights on both the philosophical and mathematical approach to risk analytics work Identify and communicate key insights that inform FE’s strategy and financial plan Analyst Responsibilities include: Collaborate across the Corporate Risk Teams and with business units to further integrate risk analytics into business practices using the following data analytics skills: Querying large amounts of data from multiple data sources, interpreting the data and analyzing results using statistical techniques Performing advanced analytics using linear regression, AI & machine learning, and other quantitative methods Identify, analyze, and interpret trends or patterns in complex data sets Employ statistical techniques to scrutinize data and produce actionable business insights Develop data models, dashboards, charts, and visual aids to support decision-making Convey insights through reports and visual presentations Engage with departments to specify data requirements for analysis projects tailored to their unique business processes Become familiar with key strategic models across FE that are used to drive decision-making, including but not limited to: the financial forecast, various business development scenarios, and support for other assumptions 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