Manager, Risk Management (Hybrid)

Manager, Risk Management

We have an exciting new leadership role to join our Transmission Project Controls & Risk organization as a Manager, Risk Management. The role is based in Hartford, CT (preferred) - open to Westwood, MA.

This position is responsible for providing management oversight and coordination of project and portfolio risk management, process, and performance activities. This position works with cross-functional teams in each of the operating companies.

Essential Functions:

• Establish a comprehensive framework for project risk management, oversee the entire project risk management process from initiation to closure within the Project Management and Stakeholder organizations. Develops risk management policies and procedures.
• Develop, review, and update the Project Risk Management (PRM) Plan in collaboration with relevant stakeholders.
• Lead in initiating and coordinating all PRM activities, including reviewing risk register, risk requiring action (RRAs) reviews, and status reporting. Facilitate cross-functional collaboration and ensure timely completion of all deliverables.
• Ensure compliance of the Risk Registers being maintained in the system of record as a central repository of all identified risks, their attributes, and corresponding response plans. Work with project stakeholders to update the Risk Register to reflect changes in risk exposure, mitigation efforts, and residual risks.
• Establish standards for the consistent gathering, documentation, and storage of risk information. Ensure that risk data is accurate, up-to-date, and readily available for analysis and driving informed decisions.
• Establish the Risk Management Board. Develop management gates and establish a Risk Management Committee (RMC) to review, approve RRAs and manage risks. Leads and administers the RMC. Performs responsibilities delegated by the RMC.
• Implement risk management tools and provide training sessions and ongoing guidance to project team members and stakeholders on the project risk management process, including risk management principles, techniques, and tools. Foster a culture of risk awareness and proactive risk management within the project environment.
• Oversee the quantitative risk analysis process and tools, which include techniques such as Earned Value Management (EVM), Monte Carlo simulation, sensitivity analysis, and probabilistic modeling. Collaborate with relevant stakeholders to ensure the accuracy and reliability of risk assessment results.
• Produce risk metric, interpret the results of quantitative risk analysis and other monitoring activities to identify trends, emerging risks, and areas of concern. Provide insightful recommendations for risk levels, risk response strategies and project control actions based on these findings.
• Responsible for monitoring Transmission Capital Portfolio Performance against Execution Readiness by reporting on current project funding status, project team development, schedule initiation, key activity aging, and scope refinement.
• Responsible for reporting the volume and cost associated with key project lifecycle milestones and resource availability risks.
• Provides updates to director, executives, and senior management personnel.
• Prepares written reports, presentations and correspondence as requested.
• Evaluates the Project risk management function in relation to industry standards and best practices.

Technical Knowledge/Skills/Education:

• Possess a robust understanding of project management principles, methodologies, and practices acquired through experience in project delivery roles.
• Knowledge of the utility energy delivery industry
• Knowledge of finance, and analytics.
• Ability to anticipate, define and manage solutions to complex, inter-related risk management, finance and/or regulatory issues
• Exhibit proficiency in quantitative techniques associated with risk management, such as Monte Carlo analysis, statistical modeling, and data-driven decision-making.
• Interpret numerical data accurately and derive actionable insights to inform risk mitigation strategies.
• Must be able to facilitate discussions, gain consensus, develop action plans and drive implementation
• Ability to think and act strategically in a fast-paced environment with frequently shifting and/or conflicting priorities
• Ability to work effectively with various levels within the organization
• Excellent verbal and written communication skills and the ability to present in front of large audiences
• Excellent leadership, teambuilding, coaching, interpersonal and motivational skills.

Education:

• Bachelor's degree in engineering, business, economics, finance, management, or related discipline is required.
• Equivalent experience in lieu of a bachelor's degree will be considered
• Advanced degree preferred

Experience:

• Minimum of ten (10) years of related experience is required
• Minimum 2 years of leadership experience
• Experience in Energy Delivery is preferred.

Licenses & Certifications:

• Risk Management Certification is a plus but not required.

Working Conditions:

• Must be available to work emergency restoration assignment as required.
• Must be available to travel between MA/CT/NH as necessary.
• Our hybrid working model is first 90 days are in the office full-time then hybrid

Compensation and Benefits:

Eversource offers a competitive total rewards program. The annual salary range for this position is $150,300.00 to $167,000.00 plus incentive. Salary is commensurate with your experience. Check out the career site for an overview of our benefits.

Eversource offers a competitive total rewards program. Check out our careers site for an overview of our benefits programs. Salary is commensurate with your experience. This position is eligible for a potential incentive. The annual salary range for this position is:

$150,300.00-$167,000.00

Worker Type: Regular

Number of Openings: 1

Emergency Response:

Responding to emergency situations to meet customers' needs is part of every employee's role. If employed, you will be given an Emergency Restoration assignment. This means you may be called to assist during an emergency outside of your normal responsibilities, work hours and location.

EEO Statement:

Eversource Energy is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to age, race, color, sex, sexual orientation, gender identity, national origin, religion, disability status, or protected veteran status.

VEVRRA Federal Contractor