EVP, Chief Strategy & Regulatory Officer

Toronto Hydro is seeking a dynamic, visionary executive to join its leadership team as Executive Vice President (EVP), Chief Strategy and Regulatory Officer. As a member of the Senior Executive Team, the EVP has direct accountability for their specific functional areas, but also a major cross-functional impact on Toronto Hydro, and in turn, on the City of Toronto, its residents, businesses and other stakeholders. This demanding and complex role requires an experienced and insightful decision-maker to work with the President and Chief Executive Officer (CEO) and Senior Executive Team in developing and executing organizational strategy, and to be fully accountable for delivering on Toronto Hydro’s commitments to stakeholders.

The EVP, Chief Strategy & Regulatory Officer reports to the President and CEO and facilitates the corporate strategy, and is accountable for the regulatory and government relations strategy, all aspects of the company’s rates and regulatory affairs and legal services strategies for the organization. The incumbent is responsible for all regulatory matters relating to the Ontario Energy Board. The EVP, Chief Strategy & Regulatory Officer provides strategic oversight of the administration of corporate regulatory affairs for the company, and provides corporate governance/regulatory risk management advice and guidance to the Board of Directors, CEO and Executive team, particularly with regard to ensuring compliance with statutory and regulatory requirements. With other executive team members, supports the Sustainable Governance Committee of the Board.

KEY RESPONSIBILITIES:

• Within a complex regulatory environment, sets the direction for the company’s regulatory strategy and leads its development, validating alignment with the strategic, short and long term financial and operating objectives of the organization. Provides overall regulatory leadership, representing the company on all regulatory matters, and intervening in regulatory proceedings. Accountable for leading electricity market negotiations and confirming all economic regulatory requirements are met. Leads and influences internal and external stakeholders to implement regulatory strategy and align to organizational operations, including engaging and influencing the energy regulator and collaborating with the CEO and peers.
• Responsible for leading energy policy and federal and provincial government relations and working in collaboration to facilitate positive industry relations and partnerships. Working with President & CEO and Executive team, develops proactive and reactive strategies and plans to prioritizes, foster and execute efforts to advance organizational strategic outcomes and business plans with government and industry stakeholders. 
• Accountable for the development of relationship management framework to enable Toronto Hydro to deliver on and exceed its commitments to the shareholder and other municipal stakeholders. Leads the integration and execution of organizational engagement activities to address shareholder interests and demonstrate value from organizational strategies and plans. Acts as the primary escalation point and liaison between the organization and shareholder on municipal relations activities.
• Responsible for strategic leadership for regulatory applications and proceedings, regulatory policy and reporting. Oversees and guides forecasting, processes and outcomes for distribution rates, load forecasting, and wholesale settlements.
• Working with the President & CEO, facilities short and long-term corporate strategic planning activities with the Executive team. Provides support in the execution and engagement of the Board of Directors as part of annual key activities related to corporate strategy.
• Oversees the direction for company’s legal strategy and develops and executes the relevant strategies which are consistent with the short and long term financial and operating objectives of the organization. Directs the timely and cost-effective delivery of legal services, including, corporate governance and securities, commercial, procurement, real estate, privacy, litigation and claims, through a team of internal legal professionals and external legal counsel, in addition to providing guidance and advice to the CEO and peer executives on key legal issues.
• Acts as the organization’s Privacy Officer to confirm corporate information privacy matters are followed in accordance with legislation and the policies and procedures of the company.
• Coaches and develops a team of senior leaders to deliver high quality day-to-day services to forecast, plan, execute and report in all scope areas of regulatory affairs and legal services portfolio. Confirms systems, processes, standards and methodologies are in place to provide informed, consistent, and high - quality regulatory and legal advice and support. Responsible for the continuous improvement of established practices to support business operations.
• Establishes portfolio strategy, performance metrics, policies, compliance and risk management strategies for the division to support the overall business strategy and objectives.
• Works with Executive Team to support the Chair of the Sustainable Governance Committee to support the planning, execution, reporting and follow-up for annual Sustainable Governance Committee work plans, preparing standard and ad hoc documentation to facilitate and support Board of Directors information and decision-making.

REQUIREMENTS:

• Preference for executive leadership experience in regulated energy environment with a focus on regulatory applications and proceedings.
• Ten (10) or more years of progressive executive leadership experience. Government relations would be considered an asset
• Twenty (20) or more years electricity market or regulatory experience with broad exposure to corporate governance, regulatory affairs, distribution rates and load forecasting.
• Undergraduate/graduate degree in law, business, or economics (LL. B, LL. M). (preferred)
• Member in good standing with an entity of the Federation of Law Societies of Canada. (preferred)
• Demonstrated corporate and leadership competencies in the areas of:
  • Builds Strong Relationships:  Invests in building valuable relationships across the organization and externally to support the future of Toronto Hydro.
  • Develops People and a Diverse and Inclusive Culture: Recognizes personal development and a strong organizational culture as integral components of an effective organization supporting diversity, equity and inclusion.
  • Champions Change, Productivity and Innovation: Invests in innovation, continuous improvement and productivity as essential drivers of long-term sustainability.
  • Drives Results & Accountability: Has a clear sense of corporate direction and expectations, and holds self and others accountable to achieve objectives
  • Demonstrates Commitment to Sustainability, Environment, Health & Safety: Manages risks to protect the health and safety of employees and the public, and shows commitment to sustainability.
  • Demonstrates Customer Focus: Models customer-focussed approach in all decisions and actions.
• Ability to present and communicate concisely and clearly to a variety of audiences

• Board room verbal and written communication skills

   

#lihybrid

Toronto Hydro has introduced a Hybrid Work Arrangement. This position allows for remote work up to three days per week, based on business needs.  Employees will be required to come onsite on those days when they are involved in activities that they or their leader feel are better conducted in person. You are expected to live in Ontario and within reasonable commuting distance of the office.

Thank you for considering a career with Toronto Hydro. We welcome applications from all qualified candidates. If you’re having difficulty using our online application system and require accommodation, please email our Talent Acquisition team or call (416) 542-8000. Toronto Hydro is pleased to provide reasonable accommodation for qualified individuals throughout the job application process. Please note this email is for accommodation requests only. Resumes sent to this email address will not be considered. Learn more about our commitment to accessibility.