Job Description

On behalf of Great British Energy, we are looking for a Head of Risk (Inside IR35) for a 12 month contract based in Aberdeen, or Edinburgh may consider London 2-3 days per month with willingness to travel.



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.



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 [1] Great British Energy founding statement.



The Head of Risk will design and lead GBE's enterprise-wide risk management framework, with a strong focus on financial and investment risk.



This role ensures that GBE's investment strategy is underpinned by robust risk governance, enabling informed decision-making and safeguarding public capital while crowding in private investment.

As a Head of Risk, your main responsibilities will be:

Develop and implement a comprehensive risk management framework aligned with GBE's mandate and investment strategy. Lead assessment and monitoring of financial risks across GBE's portfolio, including credit, market, liquidity, and counterparty exposures. Advising the investment team & committee in determining appropriate IRR for investments. Oversee risk-adjusted performance analysis and conduct stress testing to ensure portfolio resilience. Maintain the strategic risk register and produce regular reports for the Board and Audit & Risk Committee. Establish and continuously improve risk policies, systems, and analytics capabilities. Promote a risk-aware culture and build a high-performing risk team with strong collaboration across business units.

Essential:

Significant experience in financial risk management within investment banking, infrastructure finance, or public investment institutions. Expertise in credit risk, market risk, and portfolio risk modelling. Strong understanding of UK regulatory frameworks and public-private investment structures. Relevant professional qualification - e.g. RM, CFA, PRM

Desirable:

Experience in renewable energy or infrastructure sectors. Familiarity with government reporting and assurance requirements. Experience of working in a start-up organisation

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".



References



Visible links

1. https://www.gov.uk/government/publications/introducing-great-british-energy