Asset Risk Analyst

Job Summary

NiSource is seeking a dedicated and detail-oriented Risk Analyst to manage all Copperleaf activities. This role is crucial for risk scoring all NiSource investments, creating policies and documentation for Copperleaf, and collaborating with various teams to ensure investments are ranked effectively by risk. The ideal candidate will have a strong analytical background, experience with investment management tools, and the ability to work collaboratively across departments. The role requires a deep understanding of risk scoring and entails mapping risk scores from probability and relative risk models to prioritize investments and leverage Copperleaf for optimal decision-making.

Essential Functions

• Copperleaf Management: Handle all activities related to Copperleaf, ensuring the tool is used effectively for risk scoring and investment management.
• Risk Scoring: Perform risk scoring for all NiSource investments, ensuring accurate and consistent evaluation across projects.
• Integrated Planning: Incorporate NiSource's integrated planning process into asset risk models to align with Capital investments.
• Investment Optimization: Utilize Copperleaf for investments to drive risk reduction per dollar spent.
• Support Asset Class Owners: Assist Asset Class Owners in maintaining consistency of their relative risk register and asset management plans.
• Regulatory Improvements: Focus on risk scoring investments and using Copperleaf to drive rate case and regulatory improvements.
• Policy and Documentation: Develop and maintain policies and documentation for Copperleaf usage, ensuring best practices are followed.
• Collaboration: Work closely with Asset Class Owners to ensure accurate scoring and alignment with risk management strategies.
• Project Understanding: Collaborate with planning teams and engineering to gain a deep understanding of the projects making up the investments, facilitating better risk ranking.
• Investment Ranking: Analyze and rank investments from high to low risk, providing actionable insights to inform decision-making.
• Continuous Improvement: Stay current on leading industry practices for risk assessment and Copperleaf usage, implementing improvements as needed.
• Risk Assessment Procedures: Learn established Risk Assessment procedures.
• Data Analysis: Work with other analysts and leaders to load, analyze, and compile data.
• Data Collaboration: Collaborate with Data Owners and Asset Program Owner(s) on recommended changes to improve asset data availability and quality, bringing the perspective on how the change will improve risk modeling capabilities.
• Model Improvement: Collaborate with Asset Risk Analysts supporting other asset classes to understand their model improvement opportunities and to understand model outputs to consider transfer risks between asset classes.
• Industry Practices: Stay current on leading industry practices for risk assessment, including learning from other industry applications of risk modeling approaches to gain insights from more mature industries.
  
  

Required Qualifications For Position

Asset Risk Analyst 1

• Bachelor's degree in Business, Risk Management, Finance, Engineering, Data Science, or a related field plus equivalent experience
• 0-3 years Experience
• Data analysis or programming experience 
• Experience building and/or using complex quantitative models 
• Proven ability to work across departments collaboratively to resolve issues, drive issues to closure, achieve desired results/goals, and/or implement change as needed
• Excellent oral, written, presentation and listening communication skills
• Ability to understand and analyze tabular and geospatial data
  
  

Required Qualifications For Position

Asset Risk Analyst 2

• Bachelor's degree in Business, Risk Management, Finance, Engineering, Data Science, or a related field plus equivalent experience
• Experience building and/or using complex quantitative models
• 3-7 years of experience
• Data analysis, programming, risk analysis, utility knowledge, GIS
• Proven ability to work across departments collaboratively to resolve issues, drive issues to closure, achieve desired results/goals, and/or implement change as needed
• Excellent oral, written, presentation and listening communication skills
• Has basic knowledge of job procedures and tools obtained through work experience
• Ability to analyze tabular and geospatial data. Debug existing models and data sources. Incorporate data sources into modeling.
  
  

Required Qualifications For Position

Sr Asset Risk Analyst

• Bachelor's degree in Business, Risk Management, Finance, Engineering, Data Science, or a related field plus equivalent experience
• Job-related experience, 7 years
• Data analysis, programming, utility knowledge, GIS, integrity management, business intelligence dashboard development, strong science and mathematics background, leadership 
• Experience building and/or using complex quantitative models  
• Ability to analyze tabular and geospatial data. Incorporate data sources into modeling. Build and debug models from scratch. Satisfy ad-hoc data analysis requests. Obtain and model data from non-standard sources. Work across departments to support risk reduction goals.
• Has advanced knowledge of operational procedures and tools obtained through extensive work experience and may require vocational or technical education.
• Proven ability to work across departments collaboratively to resolve issues, drive issues to closure, achieve desired results/goals, and/or implement change as needed
• Excellent oral, written, presentation and listening communication skills
  
  

Preferred Additional Qualifications For Position

• Graduate degree in a job-related discipline or equivalent experience.
• Experience building and/or using probabilistic models.
• Leadership experience.
• Experience working with Business Intelligence tools.
• Experience in programming or coding (Python, R, SQL, etc).
• Prior experience in asset risk management at a utility company.
• Utility experience and risk modeling expertise.
  
  

The preceding description is not designed to be a complete list of all duties and responsibilities required of the position.

Work Authorization

Authorized to work in the United States without requiring sponsorship.

Inclusion & Diversity

Value inclusion within your day to day responsibilities by respecting others perspectives/convictions, engaging others opinions, creating a safe environment where people, ideas, and opinions are valued within your Team/Customers and external partners.

Respect and take into consideration diversity within your Team/Customers and external work partners by valuing different world views, challenges, and cultures that represent all walks of life and all backgrounds.

Treat others with respect and consideration. Actively participate in creating and contributing to a positive work environment.

Equal Employment Opportunity

NiSource is committed to providing equal employment opportunities in each of its companies to all employees and applicants for employment without regard to race, color, religion, national origin or ancestry, veteran status, disability, gender, age, marital status, sexual orientation, gender identity, sex (including pregnancy, lactation, childbirth or related medical conditions), genetic information, citizenship status, or any protected group status as defined by law. Each employee is expected to abide by this principle.

By applying, you may be considered for other job opportunities.

Safety Statement

Promote a safe work environment by actively participating in all aspects of our employee safety program. Report any unsafe conditions and take actions to prevent personal injuries. Support our interdependent safety culture by ensuring the safety of your co-workers. Stay focused on the task at hand and promote productivity through good work habits.

Salary Range*:

$67,900.00 - $140,700.00

• The salary offered to a candidate is based on several factors including but not limited to the candidate’s skills, job-related knowledge, and relevant experience, as well as internal pay equity.
  
  

Posting Start Date:

2025-04-03

Posting End Date (if applicable):

2025-04-03

Please note that the job posting will close on the day before the posting end date.