PJM Interconnection

Risk

• The CRO will report directly to the CEO with a dotted line to the Risk and Audit Committee of the Board.
• The CRO will be a member of the Executive Team and will work closely with the Chief Executive Officer, Chief Financial Officer and General Counsel to coordinate PJM's enterprise risk management operations, including evaluating, identifying, managing, reporting, responding to and overseeing risks externally and internally to the organization.
• The CRO provides independent oversight of strategic, operational, financial, market, regulatory, cyber and reputational risks, and advises leadership and the Board on emerging and systemic risks that could affect grid reliability, market outcomes or stakeholder confidence.
• The CRO will focus on developing approaches to mitigate, prevent and respond to risk to the PJM enterprise.
• Specifically, the CRO will drive efficient and effective governance of market and credit risk, collateral management, underwriting corporate insurance, trade risk and analytics, model validation, KYC (know your customer) and quantitative analytics.
• The CRO will account for assessing and mitigating credit and payment default risk to PJM's wholesale markets and will define and oversee methods to monitor market participant behavior including position trends in all markets.
• The CRO will establish and maintain credibility and trust with the PJM Executive Team and cross-functional stakeholders.
• The CRO will utilize collaboration, compromise, influence, leadership, negotiation, consensus building and overall communication methods to challenge the status quo in an effort to ensure an understanding of the risks facing PJM and the prevention, mitigation and response of such risks.
• The CRO will engage with existing staff functions of Credit, Model Validation, and Enterprise Risk Management to develop and enhance the Market Trade Risk capabilities.
• The CRO will perform a thorough assessment of the current state of: Credit, Model Validation and Enterprise Risk Management functions Organizational design and determine if changes are needed to make the risk function more effective Available technology appropriate for implementing the risk function.
• As defined and approved by the CEO, the CRO will determine appropriate risk controls, methodologies for risk measurements and internal process changes needed for risk measurement and reporting.
• Develop effective communications and consensus building with Members and Regulators to gain acceptance of proposed changes to enhance risk management, such as: Reviewing and improving credit requirements, Reviewing and improving new member acceptance processes, Resolving conflicts that may arise in the stakeholder process regarding such processes.
• Development of comprehensive market participant surveillance processes that monitor participant’s trading activity, market positions, margins, trends and behaviors.
• Develop processes and strategies to highlight notable or abnormal market participation positions or trends with a process for communication within and across the enterprise, specifically ensuring the CEO is aware in a timely fashion of actual or potential risks and material/significant risks.
• Oversee market and counterparty risk analyses which will involve development of new market risk analytics and credit & collateral risk analytics systems and processes with a process for communication within and across PJM, specifically ensuring the CEO is aware of actual or potential material and/or significant risk items in a timely fashion.
• Lead the Risk Management Committee to address credit and risk management issues by attending all meetings and preparing and reviewing all content of the meeting.
• Review credit and collateral requirements for Members while providing oversight to review models to ensure participant behavior is monitored with appropriate follow up and metrics and communicated to CEO, CFO, General Counsel and Members in a timely manner.
• Provide oversight of extensive quantitative analysis to simulate various scenarios and test the proposed risks against real-time events to provide data for better and informed decision making.
• Provide oversight of the development of automated risk reports and risk tracking processes to streamline daily risk reporting and position indicators.
• Coordinate enterprise risks across the organization for PJM, our employees, reputation, assets and interests of Stakeholders and Members.
• Establish risk appetite, risk tolerance levels, and key risk indicators in coordination with executive leadership and the Board.
• Facilitate risk management mitigation methodology to execute and control the risk strategy by partnering with the relevant business areas to identify the critical risks, and provide a comprehensive risk inventory.
• Advise, solicit feedback and offer recommendations to internal teams based on knowledge and information gained through the risk management methodology process.
• Present recommendations and analysis on credit risk management practices and engage key Stakeholders within the PJM community to gain consensus on key recommendations to protect from default risk.
• Prepare supporting materials for FERC filings and contribute to FERC filings as needed.
• Provide recommendations, updates and detailed reports to CEO and the Risk and Audit Committee of the PJM Board.
• Comply with applicable audits of policy and compliance to standards, including liaison with internal and external auditors.
• Provide support, education and training to staff to build risk awareness within the organization.
• Provide independent risk perspectives on stakeholder filings, market rule changes, and enforcement matters.
• Evaluate systemic market risks and unintended consequences of market reforms or regulatory mandates.
• All other duties as assigned or requested by the CEO.

VP, Chief Risk Officer

Software Engineer

• Understand the development needs of the business units and establish a positive, service-oriented relationship by ensuring timely and accurate delivery of application services and systems
• Learn the business – develop a solid understanding of the business functions and processes and implement solutions based on that understanding and communicate this understanding across the teams
• Establish and maintain high client satisfaction levels
• Document, track and resolve problems to support client and core business systems
• Responsible for technical deliverables associated with application code development, including requirements documentation, functional design documents and specifications, work estimates, detailed technical design documentation, application code and associated documentation, including documentation to fulfill audit requirements
• Determine (Sr./Lead) and document technical requirements for application systems, including system, module and unit design, unit test plans and test cases
• Support all phases of the software development lifecycle, including Requirements Gathering, Analysis, Design, Testing, Implementation, and Production support for PJM software systems.
• Develop, debug and test computer applications based on user requirements documentation, and on input from subject matter experts
• Leads (Sr./Lead) or participates in code reviews
• Participate as a member of a cross-functional Scrum team
• Debug, remediate and enhance existing computer applications based on documented variances and enhancement requests, and with guidance from subject matter experts.
• Follow the approved methodology for application systems development and maintenance.
• Respond, as necessary, to support calls in off-hours in order to support 24X7 applications.
• Assist business clients and product teams in integrating systems from external vendors
• Identify enhancements to application development standards and best practices.
• Build and develop strong relationships with ITS' business clients by providing superior customer support as demonstrated by clearly owning, resolving and communicating issues and problems, and being responsive to needs, requirements, and deadlines
• Leverages expertise in enterprise integration patterns with SOA-based ESBs to develop or extend legacy system integration with the PJM SOA Architecture
• Supports the operation of a continuous integration environment, including development of automated test cases (unit and functional), build and release management support, and defect correction support.

Senior Application Developer I, II

Analyst

• Deliver fundamental credit risk analysis assessments of new applicants/existing market participants using PJM’s credit scoring model
• Recommend credit limits align with market activity and PJM governing documents
• Manage a large portfolio of market participants including exposure analysis, annual reviews, limit management, emerging market events and de-risking solutions
• Partner with the membership, cash management and risk team to execute and enhance existing processes
• Collaborate with a range of insurance companies / banks to ensure credit risk documents are in alignment with PJM tariff requirements
• Develop and monitor credit weekly, daily and month-end reporting
• Assist on presentations to Senior Management and Stakeholders
• Analyze, highlight and report on top risks
• Lead the coordination, maintenance and implementation of improved reporting and functionality of credit risk systems
• Work in partnership with internal lines of business to perform root cause analysis to resolve self and stakeholder identified credit risk gaps
• Mentor more junior members of the team
• Act as a liaison between internal and external customers to troubleshoot and resolve issues
• Perform other job-related duties as assigned

Senior Credit Analyst I, II

• Leads efforts to identify, measure, and monitor the Company's risk in how its transactions and infrastructure function.
• Serves as the subject matter expert to promote and augment awareness across the Company for Enterprise Risk Management (ERM).
• Manages the Insurance Program for PJM.
• Manages the Know Your Customer process for PJM.
• Responsible for understanding the scope of the potential risk factors that could affect the operations of the organization.
• Contributes to the overall quality of risk management across the Company by calculating, evaluating and providing written commentary upon various risks at an enterprise level.
• Supports the Chief Risk Officer in collaborating with management in the respective business units to comprehend and measure evolving risk and risk moderation strategies.
• Develops educational resources for educating stakeholders on enterprise risk management framework and key risk indicators (KRI).
• Collaborates with risk owners to comprehend key risk indicators (KRI) to quantify risks compared to recognized risk parameters.
• Manages the Know Your Customer Program at PJM to meet all objectives on an annual basis while implementing long-term improvements.
• Reports on the current assessed level of risk and documents recommendations on managing risks.
• Contributes to risk reporting initiatives and process improvements.
• Assists in developing and implementing measurement components of the ERM framework.

Director, Enterprise Risk Management

Strategy

• Lead and manage strategic initiatives, including the development of project plans, timelines, and budgets
• Support a periodic review of strategic objectives (e.g. annually) and make informed recommendations for any adjustments to strategic initiatives
• Collaborate with cross-functional teams to ensure seamless execution of strategic initiatives
• Monitor and track the progress of strategic initiatives, ensuring they stay on track and align with the company's strategic objectives
• Prepare regular reports and presentations to communicate progress, results, and recommendations to PJM leadership
• Identify and mitigate risks and obstacles that may arise during the implementation of strategic initiatives
• Stay updated on industry trends and best practices to drive continuous improvement in strategic initiative planning and execution

Manager, Strategic Initiatives

Communications

• Ensure a consistent and effective operation of PJM's voice networks, both internal and external
• Responsible for design of PJM's voice network
• Monitor overall telecommunications systems performance, identifying poor quality lines, circuit utilization, and service improvement opportunities
• Provide ordering, training, and consulting expertise on telecommunication services
• Identify and manage problems occurring on components of the telecommunications infrastructure
• Recommend placement and configuration of PBX, switch, and phones
• Implement, administer, and audit IT security to determine compliance with security practices
• Maintain and communicate change information for all telecommunications platforms
• Build and develop strong relationships with ITS business area clients by providing superior customer support
• Provide periodic 7x24 on-call support

Senior Telecommunications Analyst I – II

Paralegal

• Administering cases; serving clients; conducting legal and factual research; preparing documents, exhibits, reports and case filings
• Executing case filings; provide support for activities surrounding drafting, processing, updating and filing tariff and tariff related agreements
• Provide support for drafting and processing of service agreements and other legal documents
• Assisting attorneys in data and discovery requests
• Acting as a liaison among various internal departments as well as outside agencies
• Facilitating legal proceedings
• Organize case files and documents, assist in cases
• Maintain files and assist in management of Federal Energy Regulatory Commission (“FERC”) and legal proceedings
• Provide legal support for PJM counsel in stakeholder process, litigation and regulatory proceedings
• Conduct legal and factual research, prepare memos and reports
• Prepare, maintain and update various PJM reports used both internally and externally

Paralegal I, II

• Build, validate, and maintain accurate power flow models that reliably solve for a wide range of system conditions, including new generation and load patterns and outage scenarios
• Use PSS/e, MUST, TARA, PAAC or equivalent software to ensure flows remain within acceptable reactive, thermal and stability limits
• Lead efforts to improve and automate power flow calculations, using modern tools and scripting (Python, Oracle SQL, Excel)
• Coordinate with neighboring balancing authorities to incorporate external data and ensure regional reliability
• Drive biannual updates of PJM’s power system model and flowgate methodology, identifying and reviewing critical flowgates as the system evolves
• Tackle new engineering challenges posed by the changing generation mix and grid resource patterns
• Support the tools, processes and procedures associated with transmission service and interchange
• Participate in innovative projects to support PJM’s mission and the industry’s transformation
• Provide occasional on-call support with infrequent after-hours incidents
• Ensure compliance with regulatory standards including FERC, NERC, and NAESB requirements
• (Senior, Lead) Mentor and coach junior engineers in power flow concepts, modeling, and solution techniques