Asset Health & Risk Lead

Thames Water; Reading; Hybrid; GBP 45,000 - 54,000; Full time

Job summary

A leading UK water management company is seeking an Asset Health & Risk Lead to enhance the management of its critical water and wastewater infrastructure. This role involves developing asset health metrics, collaborating across teams, and contributing to investment plans to ensure optimal asset performance. The ideal candidate will have a strong background in asset management or engineering and excellent communication skills. The position offers a hybrid work model, competitive salary, and numerous benefits to support employee wellbeing.

Benefits

Competitive salary

26 days holiday per year

Generous Pension Scheme

Performance-related pay

Health and wellbeing benefits

Qualifications

• Background in Asset Management or Engineering (Degree or extensive experience).
• Knowledge of asset management principles and techniques.
• Ability to interpret complex data and make recommendations.

Responsibilities

• Develop understanding of asset health and system resilience.
• Provide strategic direction for asset health metrics.
• Input into investment plans for asset performance improvement.

Skills

Asset Management principles

Engineering background

Communication skills

Analytical skills

Collaboration skills

Education

Degree in Asset Management or Engineering

Job description

Exciting opportunity alert! Join our team as we tackle the challenges of an ageing asset base and evolving network demands for some of our biggest, most critical water and wastewater infrastructure. We're trying to improve the health of our assets with a stable and targeted approach. Historical performance isn’t a reliable future indicator, so we’re seeking better ways to manage asset health and associated risks.

What you’ll be doing as an Asset Health & Risk Lead

• Develop an understanding of the underlying asset health and system resilience of several asset cohorts and use this insight to identify the activities needed to balance cost, risk and performance.
• Work collaboratively across Thames Water with teams such as System Planning, Operations, Engineering, Strategy and Regulation and Health and Safety to gather insight, inform decisions and establish a sustainable and robust strategic planning approach that proactively improves the health of our assets.
• Provide strategic direction to System Planners to embed the foundations of asset health into their regions.
• Define and implement asset health metrics and risk assessment frameworks that inform long-term plans and proactive capital maintenance programmes, accounting for the effects of asset deterioration and maintenance interventions.
• Assist in the production of strategies for each asset cohort.
• Input into the investment plans for the Periodic Price Reviews, ensuring the appropriate level of investment to offset deterioration and improve performance.
• Adopt best practice frameworks (consistent with ISO 55000 standards) as part of our overarching Asset Management System.
• Monitor, assure, and regularly review asset health plans to ensure they are embedded, deliverable, and sustainable for long-term risk management.

This role will be based at Clearwater Court, Hybrid. You will be required in the office and on-site as the needs of the business and your roles require you to.

What you should bring to the role

• A background in Asset Management or Engineering (Degree or extensive experience).
• A knowledge of asset management principles and techniques, and an understanding of the regulatory landscape in which we operate. Logical thinker with excellent communication and collaboration skills.
• Act as a subject matter expert for your asset cohorts to ensure we have the right balance of long- and short-term investment choices.
• Engage and liaise across the business and the broader industry to understand and apply best practices and emerging technologies for assessing and maintaining healthy assets.
• Interpret complex data and make recommendations using your strong communication, influencing, negotiation and analytical skills.

Nice-to-haves that would make you stand out

• Previous experience and knowledge of the UK water industry and management systems are desirable.

What’s in it for you?

• Competitive salary of £45,800- £54,000 per annum, depending on experience.
• 26 days holiday per year, increasing to 30 with the length of service (plus bank holidays).
• Generous Pension Scheme through AON.
• Performance‑related pay plan directly linked to company performance measures and targets.
• Access to lots of benefits to help you take care of you and your family's health and wellbeing, and your finances – from annual health MOTs and access to physiotherapy and counselling, to Cycle to Work schemes, shopping vouchers and life assurance.

Disclaimer: due to the high volume of applications we receive, we may close the advert earlier than the advertised date, so we encourage you to apply as soon as possible to avoid disappointment.