Senior Asset Risk & Strategy Analyst

Northern Gas; Swillington Common; Hybrid; GBP 100,000 - 125,000; Full time

Job summary

A leading gas utility provider in the UK is seeking a Senior Asset Risk & Strategy Analyst to enhance asset management processes through risk modelling. The role involves delivering timely risk reporting, developing deterioration models, and engaging with regulatory bodies. Candidates should have a strong analytical background and at least 5 years of experience in asset risk models. A degree in a relevant field and knowledge of UK regulations are minimum requirements. This position offers a salary from £51,230 with hybrid working options.

Benefits

Salary from £51,230 per annum

Up to 10% bonus per annum

25 days annual leave

Occupational sick pay

Generous pension scheme

Gym membership discounts

Qualifications

• Minimum 5 years professional experience of developing asset deterioration and risk models.
• Understanding of UK Regulatory Framework for utilities gas/water/power.
• Strong quantitative research skills.

Responsibilities

• Co‑ordinate and manage analytical tasks related to the regulation of NGN.
• Develop asset deterioration models for business plan submissions.
• Ensure NGN's decision support tool meets Monetised Risk reporting requirements.

Skills

Asset risk modelling

Analytical skills

Regulatory compliance

Strategic thinking

Education

Degree in Engineering, Maths or relevant discipline

Tools

C#

R

Python

Job description

Senior Asset Risk & Strategy Analyst
Salary from £51,230
Up to 10% bonus
Permanent, 40 Hours Per Week
Hybrid Working - Based at our offices Thorpe Park, Leeds or Doxford Park, Sunderland

As a Senior Risk & Strategy Analyst, you will lead Northern Gas Network's (NGN) development and application of asset risk modelling to support strategic decision‑making and ensure regulatory compliance. This role is central to embedding risk‑based thinking across our asset management processes, helping to drive smarter investment planning and operational efficiency.

You will be responsible for delivering accurate and timely risk reporting to Ofgem, while also shaping the scope and implementation of key sector performance indicators such as Monetised Risk. Your expertise will help us make informed, data‑driven decisions that balance cost, risk, and performance.

This is a high‑impact role where your analytical insight and strategic thinking will directly influence how we manage our assets and meet regulatory expectations.

Key Accountabilities & Responsibilities

• Co‑ordinate and manage analytical tasks related to the regulation of NGN
• Develop asset deterioration models to embed BAU risk based decision making and to support business plan submissions
• Accountable for ensuring that NGN's decision support tool is able to meet the requirements of Monetised Risk reporting in an auditable and best practice manner
• Accountable for assessing NGN's performance against the Monetised Risk objectives and identifying and prioritising activities that would improve NGN's ability in meeting the Monetised Risk objectives
• Lead NGN's programme of activities to deliver improvements to the Monetised Risk objective assessment
• Provide expert advice to embed learning and knowledge of regulatory targets, penalty and reward mechanisms, so that the impact of investments is understood
• Manage regular meetings with Ofgem and stakeholders, including preparation and delivery of presentations, critical appraisal of regulatory consultations and direct engagement on price control and business planning matters
• Embed continual improvement across analysis and decision making within NGN's regulatory reporting and price control process

What we are looking for

• Degree in Engineering, Maths or other relevant discipline (minimum requirement)
• Minimum of 5 years professional experience of developing asset deterioration and risk models (with consideration of probability and consequence of failure)
• Understanding of UK Regulatory Framework for utilities gas/water/power
• Strong analytical, qualitative and quantitative research skills

Desirable

• Further education (MSc or Phd) or demonstrable relevant analytical experience or qualifications
• Experience of using coding language such as C#, R, Python

Take the next step in your career and help drive smarter, risk‑informed decisions at NGN

We encourage early applications, as the vacancy may close before the advertised deadline once we've received enough suitable candidates.

What we offer you

• Salary from £51,230 per annum
• Up to 10% bonus per annum
• 25 days annual leave (plus recognised bank holidays and 2 half days over the Christmas period)
• SSP for the first 2 calendar days then occupational sick pay
• A generous stakeholder 5/10 pension scheme
• Flexible benefits and salary sacrifice options from discounts on a variety of UK attractions, gym membership, restaurant discounts, experience days and much more!
• An array of fantastic family‑friendly policies such as 6 weeks paternity leave (for eligible employees) and 6 months' full pay for employees on maternity leave (for eligible employees), as well as shared parental leave and many more!

We are Northern Gas Networks. We deliver gas to 2.7 million homes and businesses in the North East, Northern Cumbria and much of Yorkshire. That’s around 6.7 million individual customers. We don’t generate or sell the gas, but we transport it to homes and businesses in our region through a vast network of underground pipes. In fact, we own and maintain more than 37,000 km of gas pipes – enough to stretch from Leeds to Sydney and back again. We cover large cities like Newcastle, Sunderland, Leeds, York, Hull, and Bradford, and our work extends to rural areas like North Yorkshire and Cumbria.

Our Values are at the heart of what we do. In addition to your key responsibilities, you will incorporate these into the daily life of your role. We are Trailblazing, Empowered, Heartfelt, Community Focused, Intellectually Curious and most of all we are Happy!

Our Equality, Diversity and Inclusion culture at NGN is embedded in everything that we do. We will be delighted to hear from a diverse range of applicants, so we can continue to grow our great team of people. We are proud to support the Armed Forces Covenant, helping ex‑services personnel back into employment, as well as being members of WISE (Women in Science and Engineering) and we are committed to delivering our Opportunity Action Plan having signed the Social Mobility Pledge campaign, whereby we will establish our business as a force for good in the communities that we serve.

Next Steps

Please apply by clicking apply and uploading your CV. We love to see how your experience and skills are transferable to this role so please ensure these are all included in your application. Once the advert has closed, we will be contact within one week to let you know if you have progressed to the next stage. We are looking to hold interviews for this role end of November. We look forward to receiving your application for the role.

If you require adjustments to support you throughout the recruitment process, we want to hear about how we can help. Any applicant that requires reasonable adjustments from initial application through to interview are asked to contact the Recruitment Team.