Principal Risk Analyst / Risk Modeller

Transport for London; London; Hybrid; GBP 60,000; Full time

Job summary

A public transport authority in London is seeking a Principal Risk Analyst / Risk Modeller to provide data analysis and modelling to support risk assessments. This hybrid role requires expertise in data management and analytical skills to inform decision-making processes. The ideal candidate should have strong communication abilities to interact with diverse stakeholders and a keen interest in safety, health, and environmental strategies.

Benefits

Final salary pension scheme

Free travel on the TfL network

30 days annual leave plus public and bank holidays

Private healthcare discounted scheme

Discounted Eurostar travel

Qualifications

• Highly skilled in data manipulation, management, analysis and modelling.
• Able to work with complex datasets and derive insights.
• Strong ability to communicate with non-expert stakeholders.

Responsibilities

• Develop and maintain risk models for SHE.
• Use data to inform business decision making.
• Support proactive risk identification.

Skills

Data manipulation, management, analysis and modelling

Numerate and analytical skills

Knowledge of coding languages (R, Python, SQL)

Building risk assessments / safety risk models

Interpreting complex datasets

Data models and dashboards creation

Strong communication skills

Job description

Overview

Title: Principal Risk Analyst / Risk Modeller

Location: Palestra/Hybrid

Pay Band: Band 3

Salary: Circa £60K + TfL benefits

Contract Type: Full-time, Permanent

Hybrid working within this role enables a balance of 50 per cent of time split between the office and home over a 4-week period. Hybrid working arrangements can evolve subject to business requirements

Job Purpose

This role exists to provide data analysis and modelling to support the assessment and quantification of risk across TfL, to inform pan-TfL risk reduction strategies as well as decision making at a local level. It sits within the Safety, Health & Environment (SHE) directorate, in the Analysis & Direction team, whose aim is to enable TfL and its partners to make London safer, healthier and greener with evidence-led insights, resources and strategic plans.

Key Accountabilities

• Develop and maintain SHE risk models to influence SHE and wider business activity to reduce SHE-related risks and subsequent business impact
• Proactively produce risk models of key SHE trends and the impact that key actions could have on the business and associated SHE trends
• Proactive use of advanced analytical methods to interrogate the data and identify links to translate into business impact to inform business decision making. Interface with strategic colleagues to ensure effective collaboration for data-driven strategy development and improvement activity.
• Utilise risk models to uncover SHE issues before they materialise and support proactive decision making.
• Work with other analytical functions across TfL and the business to develop analytical capability. Understand best practice developments in the field to drive improvement in the service provided.
• Build data analytical and risk modelling capability within the team. Assist in developing training for SHE Business Partners and business areas to improve knowledge of SHE data and risk models.
• Be a champion and advocate for safety, health & environment in everything they do

Skills, Knowledge and Experience

Skills

• Highly skilled in data manipulation, management, analysis and modelling (essential)
• Highly numerate and analytical (essential), particularly in statistics (desirable)
• Ability to work with data in repeatable, transparent processes, eg through coding languages such as R, Python and SQL (essential)
• Developing and maintaining quantified risk assessments / safety risk models particularly within the transport industry (desirable), or a strong desire to learn (essential)
• Able to work with and draw meaningful insights out of complex datasets and information (essential)
• Building data models, reports and dashboards using a commercial data analytics & visualisation tool (desirable)
• Strong ability to communicate with non-expert stakeholders, including subject matter experts such as asset engineers, to seek their input, as well as non-technical senior managers, to understand and challenge their requirements (essential)
• Ability to explain techniques, data, processes etc to more junior colleagues
• Collaboration with colleagues within Analysis & Direction, the wider SHE directorate, and across TfL to continuously improve the way we quantify and analyse risk, and embed risk models and risk analysis into business process to drive SHE decision-making.

Knowledge

• Strong understanding of risk, and particularly how safety risks are assessed and managed (desirable)
• Knowledge of risk modelling techniques such as fault & event trees, bow-tie diagrams, etc (desirable), or a strong desire to learn (essential)
• Good understanding of the Mayor's Transport Strategy and TfL's business priorities, particularly in regard to safety, health and environmental objectives
• Good understanding of TfL's operations and assets, and how they affect safety, health and environmental outcomes

Experience

• Experience building and maintaining risk models (desirable)
• Experience producing business insight to drive strategy and decision making
• Experience setting data standards and establishing a data-driven culture
• Experience providing board-level reports and management summaries
• Experience in communicating complex information in an easily digestible manner

Equality, diversity, and inclusion

We are committed to equality, diversity, and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all the essential criteria. We also use anonymising software that removes identifying information from CVs and cover letters to make the process fair.

Application process

Please apply using your 2-page CV.

Think carefully about the accountabilities, skills, knowledge and experience in the advert and cover these in your CV. PDF format preferred and do not include any photographs or images

The closing date for applications is Sunday 5th October 2025 @ 23:59

Benefits

In return for your commitment and expertise, you will enjoy excellent benefits and scope to grow. Rewards vary according to the business area but mostly include:

• Final salary pension scheme
• Free travel for you on the TfL network
• Reimbursement of 75% of the cost of a standard class Ticket for National Rail travel from home or 75% reimbursement on a 28-day flexi ticket
• 30 days annual leave plus public and bank holidays
• TfL is committed to work-life balance, operating a hybrid working approach where business and role requirements allow.
• Private healthcare discounted scheme (optional)
• Tax-efficient cycle-to-work programme
• Retail, health, leisure and travel offers
• Discounted Eurostar travel

We will make every effort to give you as much notice as possible, however some interviews/assessments could be organised at short notice