Asset Risk Specialist

National Grid; Tipton; Hybrid; GBP 40,000 - 45,000; Full time

Job summary

National Grid is seeking an Asset Risk Specialist to join their team, focusing on implementing a risk management framework for electricity distribution. The successful candidate will work closely with various stakeholders to analyze and report on asset risks, ensuring informed decision-making for multimillion-pound investments.

Qualifications

• Experience in high asset volume environments across multiple classes.
• Proven track record in risk analysis and reporting.
• Experience conducting audits on policies.

Responsibilities

• Conduct technical risk assessments and develop risk management strategies.
• Produce risk reports for leadership teams using key indicators.
• Evaluate asset risks and ensure compliance with organizational appetite.

Skills

Data Analysis

Risk Management

Interpersonal Skills

Communication

Education

Degree in Maths, Data Science or Engineering

Tools

Python

SQL

Microsoft Office

Job description

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Base pay range

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Job Introduction

National Grid Electricity Distribution (NGED) are building an Asset Risk team and we’re looking for two Asset Risk Specialists to join the team as subject matter experts in Asset Risk.

Reporting to the Asset Risk Manager you will implement and update an integrated asset risk management framework (IARMF) for NGED. The IARMF provides a common risk currency to understand the levels of risk associated with electricity distribution assets across 6 categories. Working with the business in particular Asset Management, Local NGED and wider National Grid Electricity Transmission teams you’ll gain insight into 6 risk consequence categories and how these can give a complete view of the risk across multiple asset classes on the Distribution Network.

Using your expertise, you’ll have professional targeted discussions, analyse risks as well as identify, describe and estimate the asset risks affecting the business in a common currency. As the asset risk subject matter expert, you will provide insight for the Asset Management teams to enable effective risk-based decision making when formulating multimillion pound investment plans.

The role can be based at location within our licence areas of East Midlands, West Midlands, South West or Wales. We offer hybrid working of 1-2 days in the office/depot. A company vehicle will be provided as it expected that the role will require travel throughout the NGED footprint. Consideration will also be given to candidates that would prefer to use public transport.

Main Responsibilities

• Subject Matter Expert for Asset Risk within National Grid Electricity Distribution completing technical risk assessments and the development of fit for purpose risk management strategies.
• Designing templates and data capture tools to enable and carry out risk assessments on a range of different assets within the business.
• Evaluating risk by comparing estimated risks with criteria established by the organisation such as costs, legal requirements and environmental factors.
• Assessing asset risk against the organisation's 'asset risk appetite', i.e. the level of risk we are prepared to accept
• Producing a regular communication for the Asset Management and Field Operations Leadership teams that reports risk in an appropriate way for different audiences.
• Assess the controls identified within “bowtie” analysis and undertake audits of policy and compliance to standards, including liaison with internal and external auditors.
• Ensuring the Integrated Asset Risk Management Framework is effectively populated and implemented.
• Proactively advocate the Integrated Asset Risk Management Framework, ensuring awareness and adoption.
• Carrying out reviews to compare assessed asset risk levels with asset performance metrics, and where necessary investigate sources of discrepancy and take appropriate action to improve the framework.
• Own the escalation asset risks being outside risk appetite using the agreed process.
• Ensure risks requiring further mitigation are transferred into the integrated planning process.
• Develop models (e.g. degradation models, Health and Criticality matrix’s) to ensure the outputs can map into the Integrated Asset Risk Management Framework.
• Provide the data and analysis for a quarterly Asset Risk Report to Exec level with narrative and insights, using leading and lagging indicators as appropriate.
• Developing strong relationships with stakeholders at all levels. Regularly engage with key stakeholders, ensuring they have appropriate output from the Integrated Asset Risk Management Framework to enable them to make effective decisions.
• Provide support, education and training to staff to build risk awareness within the organisation.

Ideal Candidate

• Maths, Data Science or Engineering degree or equivalent experience
• Experience operating in an environment with high asset volumes across multiple different asset classes
• Experience using coding languages such as Python and SQL
• Experience implementing and utilising risk strategies and implementing risk controls
• Excellent data analysis skills
• Experience conducting risk analysis and monitoring and reporting risks
• Experience carrying out audits on policies and compliance with policy
• Proficient in the use of Microsoft Office applications including Word/Excel
• Building professional relationships
• Excellent communication and interpersonal skills including report writing, presentation skills and an ability to communicate at all levels.
• Full UK Driving licence preferred but not essential

National Grid Electricity Distribution is committed to safeguarding the interests of the Company, colleagues and customers. This role is subject to a satisfactory Barring Service, (DBS) check, depending on the role different levels of screening and vetting are required. Some roles require a triannual check.

About Us

We’re National Grid Electricity Distribution (NGED), the owner and operator behind the electricity distribution systems for the Midlands, the Southwest of England and South Wales. Serving communities of more than 8 million people, our expert teams deliver heat, light and power for homes and businesses.

National Grid employs over 29,000 people worldwide. We are building an inclusive workplace, a place to actively celebrate the cultures, personalities and preferences of our colleagues – who in turn help to build the success of our business and reflect the diversity of the communities we serve. Our vision is to be at the heart of a clean, fair and affordable energy future and we are doing this in a fast-moving industry with an increasing focus on tackling climate change, exploring new energy sources that are renewable, low carbon, and improve efficiency to meet demand.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Engineering, Manufacturing, and Other

• Industries

  Utilities, Electric Power Transmission, Control, and Distribution, and Engines and Power Transmission Equipment Manufacturing

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