AMS PSR

On behalf of Great British Energy, we are looking for a Senior Risk Manager Inside IR35 for a 9 months contract based Hybrid with travel to either Aberdeen or Edinburgh 2-3 times a month.

Great British Energy will be a publicly owned, operationally independent energy company, designed to drive clean energy deployment, boost energy independence, create jobs and ensure UK taxpayers, billpayers and communities reap the benefits of clean, secure, homegrown energy. Setting up Great British Energy is one of government’s first steps for change and we will do this in a way that means it will have both an early impact and long-term success.

Through its five functions (Project development, Project investment and ownership, Local Power Plan, Supply chains and working with Great British Nuclear), Great British Energy will speed up the deployment of mature and new technologies, as well as local energy projects, to support the government’s aim of decarbonising our electricity system by 2030 whilst also ensuring we can meet future demand as we further decarbonise the economy.

To this end and as an example of what it can achieve, we have already agreed a major partnership between Great British Energy and The Crown Estate to accelerate deployment and support UK supply chains.

Great British Energy will work collaboratively with industry, local authorities and communities, and other public sector organisations such as the National Wealth Fund, to spread skilled jobs and investment across the country. Great British Energy will be backed by a capitalisation of £8.3 billion of new money over this Parliament.

While we go through the process of setting Great British Energy as a publicly owned energy company, these roles will initially be part of the Civil Service, however, will then be transferred to Great British Energy once the Great British Energy Bill becomes law and the company has the necessary procedures and systems in place to employ people directly so we encourage applications from a wide a diverse range of backgrounds.

In recognition of Scotland’s leading role in the UK’s clean energy revolution, Great British Energy will be headquartered and run from Aberdeen.

More details can be found in the Great British Energy founding statement.

As a Senior Risk Manager your main responsibilities will be to:

• Lead risk assessments for renewable energy transactions, including investment and debt structures, hedging instruments and other financial instruments.
• Prepare transaction ratings, PD, ECL, EL, RAR for transactions. Involved in stress testing scenarios for transactions. Maintain the policies and procedures relating to risk assessment. Input into Investment Papers risk opinions.
• Develop, implement and maintain risk frameworks for investment, project finance, M&A, and structured deals.
• Provide independent risk opinions on proposed transactions to senior stakeholders and Investment Committees. Provide 4-eye principles to annual reviews of investments.
• Monitor market, credit, and operational risks across the renewable energy portfolio.
• Collaborate with deal teams, legal, ESG and finance to structure transactions that align with risk appetite. Assess scope of works relating to Due Diligence.
• Maintain up-to-date knowledge of regulatory, market, and ESG considerations impacting renewable energy investments.
• Prepare and present risk reports to senior management and governance committees.

Essential:

• Proven experience in risk management within energy, infrastructure, or financial services.
• Strong understanding of renewable energy markets, investment and project finance structures.
• Expertise in credit risk, market risk, and counterparty risk analysis.
• Familiarity with investment appraisal, financial modelling, and due diligence processes.
• Excellent stakeholder management and communication skills

Desirable:

• Degree in Finance, Economics, Engineering, or related field; professional qualifications (FRM, CFA)

Please be aware that this role can only be worked within the UK and not Overseas.

Disability Confident 

As a member of the Disability Confident Scheme, GBE guarantees to interview all candidates who have a disability and who meet all the essential criteria for the vacancy. In cases where we have a high volume of candidates who have a disability who meet all the essential criteria, we will interview the best candidates from within that group. This scheme encourages candidates with a disability and/or neurodivergence to apply. In exceptional circumstances, we may also need to apply the desirable criteria in our shortlisting process which may include holding active security clearance.

Armed Forces Covenant

GBE guarantees to interview veterans or spouses / partners of military personnel who meet all the essential criteria for the vacancy. In cases where we have a high volume of ex-military candidates / military spouses or partners, who meet all of the essential criteria, we will interview the best candidates from within that group. In exceptional circumstances, we may also need to apply the desirable criteria in our shortlisting process which may include holding active security clearance.

In applying for this role, you acknowledge the following "this role falls in scope of the Off Payroll Working in the Public Sector legislation. Any rates of payment quoted will reflect the gross rate per day for the assignment and will be subject to appropriate taxes and statutory costs. As such the payment to the intermediary and your income resulting from this contract will be different".