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Soubhagya Parija

Lecturer; Vice President and Chief Risk Officer, FirstEnergy Corp.

Soubhagya Parija currently serves as the Vice President and Chief Risk Officer at FirstEnergy Corp., one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. In this role, he is responsible for Enterprise Risk, Operational Risk and Corporate Insurance.

Soubhagya has decades of risk, compliance, and governance experience and is a former board member of the Risk & Insurance Management Society (RIMS), a global risk management organization. From 2015 to earlier this year, he served as senior vice president and chief risk officer at the New York Power Authority, the nation’s largest state-owned utility. He was recruited to revamp its risk management organization and streamline reporting to the Board of Trustees, ultimately leading a 20-member risk management team that successfully ran enterprise risk, operational risk, risk analytics and insurance programs.

Previously, Soubhagya served as director, risk strategy for Walmart, where he built and implemented an enterprise-wide regulatory compliance risk management program for the company’s international division. He also was director, enterprise risk, at Akron, Ohio-based Signet Jewelers, the world’s largest specialty jewelry retailer, where he designed and built an enterprise-risk management program from the ground up. At Duke Energy, he served as director, enterprise risk and portfolio analysis, working his way up after being recruited as a management trainee.

Soubhagya graduated from Jawaharlal Nehru University in India with a master’s degree in Economics. He received his Master of Business Administration and Finance from the Kelley School of Business at Indiana University. He has also completed Harvard Business Analytics Program in 2019.

Education

  • M.Econ., Jawaharlal Nehru University, India
  • M.B.A., Kelley School of Business, Indiana University