Description
The Opportunity
The 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 management 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
Contact
Independent Electricity System Operator
1600-120 Adelaide Street West
Toronto
Ontario Canada
www.ieso.ca
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