Asset Risk Lead

Thames Water Utilities Limited; Reading; Hybrid; GBP 54,000 - 67,000; Full time

Job summary

A leading water utility company in Reading is seeking an Asset Risk Lead to enhance the asset risk management framework. You will collaborate with various stakeholders and lead initiatives to prioritize and escalate risks. The ideal candidate should possess strong communication skills and practical experience with water assets. This role offers a competitive salary and hybrid working arrangements.

Benefits

26 days annual leave

Performance-related pay plan

Generous pension scheme

Health and wellbeing benefits

Qualifications

• Demonstrated ability to understand, analyse and consolidate data from different sources.
• Experience using and enhancing Risk Management / Investment Planning systems.
• Experience in identifying improvement opportunities and implementing changes.

Responsibilities

• Lead the development of an asset risk management framework.
• Enhance and embed the Risk Scoring and Cost of Failure Framework.
• Align Risk and Investment Planning Processes.

Skills

Excellent communication and interpersonal skills

Practical experience of water/utilities assets

Strong technical understanding of risk and asset management

Ability to challenge and ask questions

Tools

MS Office

Power BI

Job description

Job title Asset Risk Lead Ref 42179 Division Asset Operations & Capital Delivery Location Hybrid - Clearwater Court - RG1 8DB Contract type Fixed term/Secondment Full/Part-time Full-time or part-time Salary Competitive salary from £54,085 - £67,000 per annum depending on experience. Job grade B Closing date 29/08/2025

In this 12 month secondment opportunity you will lead critical improvements to our Asset Risk approach ahead of PR29. You will work closely with diverse stakeholders across Thames Water, including Operations, Asset Management, Engineering, Major Projects and Programmes, Transformation and Digital, to embed lasting change in how we assess, prioritise and escalate risk through the business, using our Corporate Systems to their full advantage.

What you’ll be doing as a Asset Risk Lead

• Lead on the development of an industry-leading asset risk management framework so that asset risks are accurately captured, assessed, prioritised and escalated. During the 12 months, this is focused on leading the activity to:
• Enhance and embed our Risk Scoring and Cost of Failure Framework; and
• Align Risk and Investment Planning Processes, considering behaviours, processes and System.
• Strategic lead for enhancements to our Asset Risk and Investment Planning System (“APS”) including working with our Asset Data Transformation Programme to develop and progress the System requirements for PR29.
• Provide risk expertise and guidance to the wider business to deliver continual improvement of asset risk management processes.

Base location: Hybrid- Clearwater Court - RG1 8DB7

Working pattern or hours: 36 hours, Mon- Fri

What you should bring to the role

To thrive in this role, the essential criteria you’ll need is:

• Excellent communication and interpersonal skills so you can confidently influence, collaborate with and manage deliverables from a wide range of stakeholders from our operational teams through to our leadership community.
• Practical experience of the Thames Water asset base or water / utilities assets.
• Strong technical and practical understanding of risk and asset management.
• Not afraid to challenge or ask questions where necessary.

Additional skills and experiences would be great to have:

• Demonstrated ability to understand, analyse and consolidate data and information from different sources.
• Experience using and enhancing Risk Management / Investment Planning systems.
• Experience in identifying opportunities for improvement and implementing new ways of working in a flexible, agile way in the context of changing priorities of the wider team and the business.
• Competent in MS Office, including Excel, PowerPoint, Word and collaboration tools such as Teams, SharePoint. Experience of Power BI.

What’s in it for you?

• Competitive salary from £54,085.00- £67,000 per annum depending on experience.
• Annual Leave -26 days holiday per year increasing to 30 with the length of service (plus bank holidays)
• Performance-related pay plan directly linked to company performance measures and targets
• Generous Pension Scheme through AON
• 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.

We’re the UK’s largest water and wastewater company, with more than 16 million customers relying on us every day to supply water for their taps and toilets. We want to build a better future for all, helping our customers, communities, people, and the planet to thrive. It’s a big job and we’ve got a long way to go, so we need help from passionate and skilled people, committed to making a difference and getting us to where we want to be in the years and decades to come.

Thames Water is a unique, rewarding, and diverse place to work, where every day you can make a difference, yet no day is the same. As part of our family, you’ll enjoy meaningful career opportunities, flexible working arrangements and excellent benefits.

If you’re looking for a sustainable and successful career where you can make a daily difference to millions of people’s lives while helping to protect the world of water for future generations, we’ll be here to support you every step of the way. Together, we can build a better future for our customers, our region, and our planet.

Real purpose, real support, real opportunities. Come and join the Thames Water family. Why choose us? Learn more.

We’re committed to being a great, diverse, and inclusive place to work. We welcome applications from everyone and want to ensure you feel supported throughout the recruitment process . If you need any adjustments, whether that’s extra time, accessible formats, or anything else just let us know, we’re here to help and support .

When a crisis happens, we all rally around to support our customers. As part of Team Thames, you’ll have the opportunity to sign up to support our customers on the frontline as an ambassador. Full training will be given for what is undoubtedly an incredibly rewarding experience. It’s also a great opportunity to learn more about our business and meet colleagues.

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.