Office of the CFO - Risk Management - Albany Office
New York is leading the nation in the fight on global climate change and the transition to a clean energy-powered economy. With the passage of the Climate Leadership and Community Protection Act (Climate Act) , New York has codified the most aggressive climate change program in the nation with goals to reach zero carbon emissions in the electricity sector by 2040; install 9 gigawatts of offshore wind by 2035, 10 gigawatts of solar by 2030, and 6 gigawatts of energy storage by 2030. With the recent approval of the Climate Action Council’s final Scoping Plan, we have a strong framework to achieve an 85% reduction in GHG emissions from 1990 levels by 2050, and eventually net zero emissions economy-wide.
NYSERDA’s Office of the CFO is responsible for proactive planning and stewarding of funds, facilities, and people as well as overall risk management. The CFO serves as the Board-appointed Internal Controls Officer (ICO) and as a staff liaison for the Audit and Finance Committee and oversees NYSERDA’s Information Security Office.
This is a paid internship for current, full-time college students. The pay rate is from $15 to $17 per hour based on current class year. This internship will begin on June 1st, 2023, and continue through the Summer.
Interns must be located in New York State while working. It is expected that interns will follow our telework policy, with a combination of in-office and remote work. Interns work up to 37.5 hours per week during the Summer.
With the energy landscape and technology transforming at a rapid pace, NYSERDA is faced with mounting risks. As we work to mitigate those, we also seek to keep controls as proactive, preventive, and streamlined as possible to improve controls while boosting efficiency. With that aim in mind, we’re working to ensure that our full team understands our key risks and controls in a simple, memorable, and actionable way, and that they are motivated to help us actively surface emerging risks and improve risk management ongoing. This internship is an exciting opportunity to set the tone for NYSERDA through the next decade with an updated internal controls framework.
- Digest recent risk management assessments and internal controls procedures to understand NYSERDA’s overall risk profile, key controls, and recommendations for improvement.
- Coordinate with an advisory team including NYSERDA’s CFO, Director of Internal Audit, Senior Counsel, and VP of Operations to ensure risk mitigation actions are planned or in place with regard to critical and high-risk items:
- Meet with process owners to review planned process improvements and controls changes to make sure that work planned will satisfactorily mitigate the risk.
- Work with Internal Audit to overlay an objective assessment of relative risk and prioritization of controls improvement measures.
- Coordinate with an internal process streamlining team to ensure that major process simplification measures underway maintain or bolster overall risk mitigation.
- Revamp NYSERDA’s existing Internal Control Manual (ICM) to be easier to understand and use, more durable over time, and more cross-cutting:
- Review and integrate pre-existing stakeholder feedback regarding potential improvements to the existing manual.
- Research and recommend further improvements based on best practice and emerging business risks.
- Rewrite and re-organize the manual, building on starting feedback but also incorporating original ideas to help make the manual more useful and relevant ongoing.
- Provide the foundation for approval and adoption of the updated ICM:
- Draft summary presentation materials to assist the advisory team in obtaining Board approval of the updated manual.
- Develop internal training materials (presentation slides, quick reference guide, etc.) to communicate key concepts and foster understanding by the NYSERDA team.
- Coordinate with internal training resources to ensure the materials are readily accessible to the NYSERDA team ongoing, potentially developing a mini-refresher video course to be used for annual online employee training.
- Depending on the intern’s interests and course of study, additional assignments may include financial risk analyses, longer-range financial scenario planning, and/or risk assessments of new products and programs. These assignments are flexible and can be designed by the intern working with the CFO to allow some tailored work aligned with the intern’s top interests.
- Perform other responsibilities as assigned.
- Current, full-time college student pursuing a finance, accounting, auditing, or other business degree.
- Proficient with Microsoft Excel, Word, PowerPoint, and Outlook.
- Strong data synthesis and writing skills; able to digest a wide array of data points, identify common themes, and present those concisely and clearly in written form.
- Ability to communicate and coordinate with internal stakeholders at all levels.
- Some experience developing presentation materials for in-person and online delivery; ideally geared toward educating audiences on policies, procedures, or practices they need to adopt.
- Working knowledge of business risk management principles and risk assessment practices.
- Skill in managing multiple activities, delivering on commitments, and operating with speed, accuracy, and strong judgment.
- Strong work ethic.
Preferred but not required
- Experience conducting a business risk assessment and/or drafting risk management policies and practices.
Please submit one file that includes both your cover letter and resume.