Intern - Enterprise Risk Management

Taylor, TX

Full time

R2496

At ERCOT, our diverse and dynamic work environment provides a platform on which employees can work together to build the future of the Texas power grid and wholesale market utilizing the latest technologies and resources. We encourage you to join our talented, dedicated workforce to develop world-class solutions for today and tomorrow’s energy challenges while learning new skills and growing your career.

ERCOT is committed to fostering inclusion at all levels of our company. It is the cornerstone of our corporate values of accountability, leadership, innovation, trust, and expertise. We know that individuals with a wide variety of talents, ideas, and experiences propel the innovation that drives our success. An inclusive and diverse workforce strengthens us and allows for a collaborative environment to solve the challenges that face our industry today and in the future.

Job Description

The ERCOT Internship Program allows college students the opportunity to develop their skills in a technical and high-paced, professional work environment. Interns receive assignments and projects that aim to solve real challenges facing the electric industry.

The internship program also allows students to experience working alongside ERCOT employees and being part of a team. Throughout the internship, ERCOT leaders are able to evaluate each individual interns' capabilities and compatibility with ERCOT's mission, vision and values.

This summer internship will support ERCOT's Enterprise Risk Management (ERM) team in identifying, documenting, and analyzing key risks that could impact the organization's strategic and operational objectives. The intern will assist with ongoing risk assessments, support analysis and risk quantification efforts used by leadership for risk-informed decisions and assist with tracking mitigation activities across business units. The role will also be involved with researching industry and regulatory trends relevant to grid operations. This is an opportunity to gain hands-on exposure to enterprise risk management within a critical infrastructure organization.

Potential projects may include:

• Emerging Risks & Horizon Scanning – Grid and Energy Transition: Research and evaluate emerging risks associated with changes in the electric industry and energy landscape.

• Key Risk Indicator (KRI) Development: Support the development and analysis of KRIs, potentially focusing on COO metrics or another ERCOT business unit.

• Wildfire Risk Analysis: Research and analyze wildfire-related risks and their potential impact on ERCOT.

• Third-Party Risk Management: Identify opportunities to maximize the use of the Exiger Third-Party Risk Management (TPRM) tool to support risk identification and monitoring.

• AI Techniques for Enterprise Risk Management: Explore potential applications of artificial intelligence and emerging AI techniques to support ERM activities.

Desired Educational Level:

• Ideal candidates are undergraduate or graduate level students pursuing a degree in business, finance, risk management, economics, engineering, or a related field.

Required Skills:

• Strong analytical and critical-thinking skills

• Basic proficiency in Excel spreadsheets and data analysis techniques

• Clear written and verbal communication skills

• Attention to detail and accuracy in documentation

• Ability to manage multiple tasks and meet deadlines

• Basic research skills for tracking industry and risk management trends

• Proficient with Microsoft Office (Word, PowerPoint) for reports and presentations

• Team-oriented with willingness to learn in a collaborative environment

• Familiarity with risk management concepts or frameworks (e.g., COSO ERM) is a plus, not required

Work Location - Taylor, TX

• Interns will be required to be on-site in Taylor, TX at minimum 2 days per week, or more, as needed based on the business needs as determined by management.

This is a full-time internship for the Summer of 2027. The program will run from the start of June through the second week of August.

ERCOT is firmly committed to equal employment for all qualified persons without regard to race, sex, medical condition, religion, age, creed, national origin, citizenship status, marital status, sexual orientation, physical or mental disability, ancestry, veteran status, genetic information or any other protected category under federal, state or local law.

Are you an ERCOT Employee? If so please log in to Workday to apply.

The Electric Reliability Council of Texas (ERCOT) manages the flow of electric power to 27 million Texas customers - representing about 90 percent of the state's electric load. As the independent system operator for the region, ERCOT schedules power on an electric grid that connects more than 54,100 miles of transmission lines and 1,250 generating units. ERCOT also performs financial settlement for the competitive wholesale bulk-power market and administers retail switching for 8 million premises in competitive choice areas. ERCOT is a membership-based 501(c)(4) nonprofit corporation, governed by a board of directors and subject to oversight by the Public Utility Commission of Texas and the Texas Legislature. ERCOT's members include consumers, cooperatives, generators, power marketers, retail electric providers, investor-owned electric utilities (transmission and distribution providers,) and municipal-owned electric utilities.

ERCOT offers an excellent benefits package, which includes health, dental, vision, life insurance, long/short-term disability insurance, long-term care insurance, Section 125 Flexible Spending Account, and a Retirement Savings Plan.

The medical, dental, vision (https://www.ercot.com/files/docs/2023/11/29/Benefits-Highlights-2024.pdf) , and quality-of-life benefits offered by ERCOT are second to none. Full-time employees are eligible to enroll in benefits on the first of the month following the date of hire. Additionally, 401(k) plans (https://www.ercot.com/files/docs/2019/09/23/ERCOT\_401K\_Sept\_2019\_FINAL.pdf) are available to help employees plan for the future.

The ERCOT Internship Program provides college students the opportunity to develop their skills in a professional work environment. Each intern will receive unique projects and assignments that aim to solve real challenges facing the electric industry. ERCOT internships provide professional learning experiences that offer meaningful, practical work related to each student's desired career path.

Eligible candidates should be enrolled in an academic bachelors or post graduate degree program maintaining a GPA of 3.0 or higher.

The ERCOT Engineer Development Program (EDP) is a 12- to 16-month, self-paced program geared toward entry-level engineers looking to start a career in the power industry. Through the program, an EDP Engineer receives one-on-one mentoring, specialized training, and exposure to the work performed by each of the engineering groups at ERCOT.

The program allows engineers to develop the fundamental skills necessary to reach their full potential while gaining an understanding of the types of engineering work ERCOT has to offer. EDP management supports participants each step of the way as they progress through the program. Upon completion, graduates are placed as full-time engineers within one of ERCOT’s engineering groups.

The GMS Development Program (GDP) is designed to provide entry-level and early career professionals with the skills necessary to become successful Power System and Computer Engineers.

The program, which is based in ERCOT’s Grid and Market Solutions (GMS) Department, will provide experience in day-to-day work and instruction in the fundamentals of electric power systems engineering, grid and market applications, software programming, and IT service and operations management. The GDP offers one-on-one mentoring, training, field trips, and special assignments. These assignments allow GDP engineers to become knowledgeable and familiar with the various business areas at ERCOT. The GMS leadership team prepares GDP engineers for a future career at ERCOT in power systems and computer engineering.

The System Operator Development Program (ODP) is intended to combine real-time daily operations in an exciting work setting to prepare participants with the vital skills necessary to be successful in such a critical position — providing 24x7x365 on-demand support to manage the flow of electric power to more than 26 million Texas customers. If you are new to the industry, this program introduces you to the Bulk Electric System by combining introductory courses with the NERC Certification Exam Preparation Program in preparation to pass the NERC Certification Exam.