Portfolio Risk Advisor

Reed Talent Solutions; Greater London; Hybrid; GBP 53,000; Full time

Job summary

A leading risk management organization is seeking a Portfolio Risk Advisor to manage risk across various portfolios. The selected candidate will track risks, validate with stakeholders, and prepare concise reports for decision-making. This role offers a competitive salary of approximately £53,500 per annum, hybrid working, and a 12-month fixed-term contract. You will thrive in a collaborative environment, driven by the principles of caring, connecting, and transforming in the finance and pensions sector.

Benefits

Generous Annual Leave – 30 days plus Bank Holidays

Enhanced family and sick pay

Employee assistance programme (EAP)

Qualifications

• Experience supporting risk and issue management in programmes or portfolios.
• Understanding of risk frameworks and governance structures.
• Ability to analyze and interpret risk information.

Responsibilities

• Support the identification and tracking of risks and issues.
• Work collaboratively with risk owners to validate risks.
• Produce clear and concise risk reporting for governance boards.

Skills

Risk and issue management

Communication skills

Stakeholder engagement

Analytical skills

Organizational skills

Job description

Portfolio Risk Advisor

Salary: c.£53,500 per annum

Location: London

Contract: FTC for 12 Months

Working: Hybrid Working

As the Portfolio Risk Advisor you will ensure effective risk management across the portfolio by identifying, tracking and escalating risks and issues in line with governance processes. You will work closely with risk owners to validate and challenge risks, embedding risk management into portfolio governance, and supporting decision-making through clear reporting.

Key Responsibilities

• Support the identification and tracking of risks and issues across the portfolio, ensuring they are documented, monitored and escalated appropriately.
• Work collaboratively with risk owners to validate and challenge risks and issues, helping to ensure they reflect the true risk landscape.
• Embed risk management into portfolio governance, working with PMO colleagues in planning and assurance to ensure risks inform decision‑making.
• Promote best practice by sharing knowledge, supporting project managers and contributing to a culture of continuous improvement.
• Coordinate regular risk and issue reviews with stakeholders, ensuring timely updates and mitigation actions are in place.
• Apply MaPS’ risk management framework, supporting the development of proportionate and effective risk responses.
• Produce clear and concise risk reporting, tailored to different audiences including governance boards and senior stakeholders.
• Facilitate escalation routes, including supporting the Portfolio Risk Review Board and ensuring risks are escalated in line with governance processes.
• Liaise with second line of defence functions, ensuring alignment with organisational risk policies and standards.

You will need to demonstrate the following skills and experience

• Experience supporting risk and issue management in programmes or portfolios, ideally within a digital or transformation environment.
• An already developed understanding of risk frameworks and governance structures, with a willingness to develop deeper expertise.
• Ability to analyse and interpret risk information, and present it clearly to different audiences.
• Strong communication and stakeholder engagement skills, with the ability to build relationships and influence constructively.
• Organised and able to manage competing priorities, with attention to detail and a proactive approach.
• Willingness to learn and develop, with a growth mindset and openness to feedback.

About Us

The Money and Pensions Service (MaPS) is based in Bedford, in a recently renovated modern office. This is a wonderful opportunity for you to become an integral part of a dynamic organisation, working to help people across the UK.

At the heart of the Money and Pensions Service are our values – caring, connecting, and transforming, which are the foundation of our success. They permeate every area of our work and define all our business relationships and the way we work with each other. We’re not only looking for the best people to come and work for us, but we need people who align themselves with our values:

• Caring – We care about our colleagues and the people whose lives we are here to transform.
• Connecting – We will transform lives through our ability to make positive connections.
• Transforming – We are committed to transforming lives and making a positive societal impact.

Our Inclusive Working Environment

By fostering our values, we are immensely proud of the inclusive working environment that we have created. The diversity of our people is a strength that we embrace and wish to build upon, so we are committed to attracting people of all backgrounds. We work hard to ensure that we have a progressive approach to inclusion, equity, and belonging. We really do want our colleagues to “bring their whole selves to work.”

Our colleague and ally networks encompass LGBTQ+, neurodiversity, women’s health, men’s health, ethnicity, and diversity.

What We Offer

• Generous Annual Leave – 30 days plus Bank Holidays
• Pension scheme – contributions matched 2 to 1 (up to 10% of your salary)
• Interest‑free loan for season tickets for buses and trains
• Cycle to work Scheme
• Subsidised eye tests & flu jabs
• Life assurance scheme
• Give as you earn scheme
• Employee assistance programme (EAP)
• PAM Assist and PAM Life scheme (Wellbeing)
• Enhanced family and sick pay
• Paid volunteering (2 days a year)
• Recognition Scheme
• Discounts portal to numerous retailers

Flexible Working

At MaPS, we take pride in our flexible approach to work. As standard, we work on a hybrid basis with a minimum of 2 days in the office per week. Hybrid working is a voluntary, non‑contractual arrangement and our headquarters in Bedford will be your contractual place of work. The number of days that anyone will be able to work at home will be determined primarily by business needs, but personal and other relevant circumstances will also be considered. If you are successful, any opportunities for hybrid working, including whether a hybrid working arrangement is suitable for you, will be discussed with you prior to you taking up your post.

Career Development

In MaPS, we take career development seriously. We actively encourage and support applications from our existing MaPS colleagues. However, we do follow the Civil Service Commissioner recruitment principles, which means that you will be required to participate in a full, open and fair process.

Reserve List

If you are successful at interview, we operate a reserve list where your details will be held for up to 6 months. Should a vacancy come available in that time with the same essential criteria, reserve list candidates will be offered that position with no further assessment required.

Application Process

The law requires that selection for appointment to the Civil Service is on merit on the basis of fair and open competition as outlined in the Civil Service Commission’s Recruitment Principles. If you feel your application has not been treated in accordance with the Recruitment Principles, and you wish to make a complaint, in the first instance, you should contact the Money and Pensions Service via email: [e-mail]. If you are not satisfied with the response you receive from the Department, you can contact the Civil Service Commission: Visit the Civil Service Commission website.

Step 1: Submit Your Application

Open: 01/12/2025 | Deadline: 15/12/2025

1. Your most up‑to‑date CV
2. A cover letter highlighting your experience in relation to the essential criteria listed in this advert

Step 2: Telephone Interview

Between 01/12/2025 – 17/12/2025

If your application is shortlisted, you will be invited to a telephone interview with one of our recruiters. This is an opportunity to:

• Discuss your experience in more detail
• Learn more about the role and our organisation
• Ask any questions you may have

Step 3: Final Stage Interview

Hosted in January 2026

Successful candidates from the telephone interview will be invited to an in‑person interview at the London Office. This stage will include:

• A written risk scenario given to you 30 minutes before your interview where you will need to prepare a response to present during the interview
• A series of competency‑based interview questions based on the essential criteria

Job Reference: MaPS01045

Close Date: 15/12/2025