Risk Modeller

Thames Water Utilities Limited; Reading; Hybrid; GBP 40,000 - 48,000; Full time

Job summary

A leading water utility provider in Reading seeks a Risk Modeller to analyze and model risks associated with water infrastructure. The role involves creating Risk Models, collaborating with various stakeholders, and producing reports on risk assessments. A degree in Asset Management or Engineering is essential, with strong skills in data analysis and risk modelling. Offering competitive salary, 26 days holiday, and flexibility, this position is integral to ensuring sustainable water management for the future.

Benefits

26 days holiday

Performance-related pay plan

Generous Pension Scheme

Health and wellbeing benefits

Qualifications

• Strong background in Asset Management or Engineering.
• Able to interpret complex data and make recommendations.
• Experienced user of ArcGIS and statistical modelling tools.

Responsibilities

• Analyse and model the risk of failure using data.
• Develop an understanding of asset risk through analysis.
• Create and maintain Risk Models for decision making.
• Produce reports to communicate risks to stakeholders.

Skills

Data analysis

Risk modelling

Communication

Analytical skills

Stakeholder engagement

Education

Degree in Asset Management or Engineering

Tools

ArcGIS

R

Python

Microsoft Office

Job description

Job title Risk Modeller Ref 43690 Division Asset Operations & Capital Delivery Location Hybrid - Clearwater Court - RG1 8DB Contract type Fixed term/Secondment Full/Part-time Full-time Salary Competitive salary up to £47,318.20 per annum depending on experience. Job grade B Closing date 21/01/2026

Please note this is a 7-9 month fixed term opportunity.

Join Thames Water’s Asset Health, Risk & Performance team and help shape the future of water infrastructure through advanced risk modelling and data analytics. In this fantastic opportunity, you will undertake detailed data analyses and risk modelling to support the asset management of water, wastewater and bioresources assets.

What you’ll be doing as a Risk Modeller

You will be required to analyse and model the risk of failure utilising probability and consequence data for various scenarios and to understand current and future asset risk. You will also develop outline solutions and assess costs and benefits.

Key Responsibilities

• Analysing and collating data from various sources within Thames Water to enhance the development of asset risk models, asset plans, maintenance programmes, monitoring systems, and system plans.
• Develop an understanding of the underlying risk of asset groups and systems by collating, analysing, and interpreting data from a variety of sources across Thames and use this insight to set out the activities needed to balance cost, performance and risk.
• Developing and maintaining a consistent and an auditable set of Risk Models, to underpin strategic risk management, resilience and investment decision making. This will include modelling of the likelihood and consequence of failure in a range of investment scenarios.
• Demonstrating a culture of excellence and asset stewardship through collaboration with other functional teams across Thames Water such as Asset Planning, Operations, Engineering, Delivery Partners, Regulation, and Health and Safety.
• Developing and producing reports that will be used to communicate risks in stakeholder friendly formats. These may include reports on equipment status, monitoring data, and leak assessments, spatial reports utilising GIS skills, monthly reporting to the critical asset meetings.
• Providing strategic direction to Asset Planning to embed the foundations of asset risk assessments into the investment plans for regional systems and the Price Reviews, Drainage and Wastewater Management Plans (DWMPs) and Water Resource Management Plans (WRMPs).
• Collaborating and liaising with a wide range of external stakeholders such as Network Rail, London Underground, local authorities and other utilities.
• Adopting best practice frameworks (consistent with ISO 55000 standards) as part of our overarching Asset Management System.

Working pattern or hours

36 Hours, Monday- Friday

Other requirements for the role

Ideally have a full driving licence and access to your own car as travel across our operational area will be required.

What you should bring to the role

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

• A strong background in Asset Management or Engineering (Degree or relevant experience).
• Be a subject matter expert for your asset groups to ensure we have the right balance of long, medium and short-term investment choices.
• Able to interpret complex data and make recommendations by using your strong communication, influencing, negotiation and analytical skills.
• Have a strong interest in data analytics, statistical modelling and reporting insights.
• Have a robust knowledge of asset management principles and techniques and an understanding of the regulatory landscape in which we operate.
• Experienced user of ArcGIS and other ESRI packages, Microsoft Office, statistical modelling (e.g. R, Python)
• The ability to build a network with different stakeholders. Engage and liaise across the business and wider industry to understand and apply best practice and emerging technologies for assessing asset risk.

What’s in it for you?

• Competitive salary up to £47,318.20 per annum depending on experience.
• 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.