Assistant Risk Analyst

78629 - Assistant Risk Analyst
This Assistant Risk Analyst will report to the Risk Lead and will work within Capital Programme based in our Elephant and Castle or Bidder Street, West Ham office. You will be a permanent employee.
You will attract a salary of £41,971 plus inner London allowance and a bonus of 3%. This role can also offer blended working after probationary period (6 months) - 3 days in the office and 2 remote
Close Date: .27/03/2024
We also provide the following additional benefits
25 days Annual Leave plus bank holidays
Personal Pension Plan – Personal contribution rates of 4% or 5% (UK Power Networks will make a corresponding contribution of 8% or 10%)
Tenancy Loan Deposit scheme
Tax efficient benefits: cycle to work scheme
Season ticket loan
Occupational Health support
Switched On – scheme providing discount on hundreds of retailers products.
Discounted access to sports and social clubs
Employee Assistance Programme.
JOB PURPOSE:
The Assistant Risk Analyst role exists to minimise the total cost impact of risks associated with the delivery of schemes across the Capital Programme portfolio of works. You will be specifically designed for career development through a combination of on-the-job learning and supported studies, working towards professional qualification in risk management.
The Assistant Risk Analyst supports the Risk Lead to drive best practice risk management and help provide data-driven insights to minimise the impacted value of risks through measuring mitigations and highlighting common themes across risk / high risk areas to drive and account for suitable contingency levels.
DIMENSIONS:
Support risk management across the Capital Programme of c.250 active projects with an annual budget of c.£310m and a horizon of over £1.5b over 5 years. This will provide direct exposure to an investment programme, in a sector which is focused on delivering the transition to net zero.
PRINCIPAL ACCOUNTABILITIES:
Support the identification and mitigation of (threats and opportunity) through regular risk workshops.
Support contractors and the internal organisation understanding on risk management practices.
Help implement mitigation actions against associated risks across projects and programmes ensuring they are carried out as per agreed dates
Maintain visibility of threat/opportunity trigger points to facilitate risk cost profiling, draw down of risk budget or retirement of risks.
Support projects in improving their risk management skills and maturity.
Assist with risk analysis, insight, and reporting around project and programme level risk
NATURE AND SCOPE:
Work across Capital programme to develop and share risk management best practice. You will learn to guide Capital programme through the risk management process. You will become an expert, providing advice and hands-on training to help them become better at managing risks.
Support risk reviews to identify important themes across the Capital programme and guide best practice mitigations.
Promote the need and implementation of mitigation actions against associated risks across projects and programmes. (SMART) which drive the impact of risk
Maintain visibility of threat/opportunity P6 link to facilitate risk cost profiling, retirement of risks.
Produce risk reports promptly to help communicate threat and opportunity status.
QRA
Understanding of the main principles are QCRA/QSRA desirable.
Analytics
Analytical.
Excel proficient
Collate and analyse historical risk data.
Produce dashboards to interpret core data.
Report risks and issues, with root cause analysis and remediation activity;
Assist in the development and production of meaningful insights and reporting for programme review and engagement.
Qualifications:
Previous experience in a project risk management setting desirable but not essential
APM PMQ / IRM / Axelos Risk management qualifications advantageous
Health & Safety Responsibilities
Managers and supervisors carry both legal and company responsibilities for ensuring the health and safety of their employees, those under their control and those who might be affected by the work undertaken, i.e. public, visitors and employees of other organisations. This includes briefing individuals working for them and ensuring there is the necessary understanding, competence and application of requirements to work safely and without harming the environment.
Employees will ensure they understand the health and safety risks involved in their work activities and their responsibility to apply the controls needed to manage those risks to acceptable levels. Similarly where work activities can have an adverse impact upon the environment, and where there are legal requirements, employees will understand those impacts and the controls they must ensure are applied.
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We are committed to equal employment opportunity regardless of race, colour, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender, gender identity or expression, or veteran status. We are proud to be an equal opportunity workplace.