Great British Energy is looking for a Head of Risk to join our GBE Local Directorate Team. This role will play a key part in contributing to projects, objectives, and wider organisational goals.
Key Responsibilities
* Develop and implement a comprehensive risk management framework aligned with GBE’s mandate and investment strategy
* Lead the identification, assessment and management of risks arising from GBE’s investment and financing activity, including equity investments, loans, grants and hybrid instruments
* Own and operate the transaction risk assessment framework, ensuring consistent evaluation of financial, commercial, legal and delivery risks across all deals
* Work with deal teams to ensure appropriate risk mitigations are built into transaction structures
* Working with the delivery units, identify where external due diligence is required and ensure that it is appropriately scoped
* 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 return rates for investments
* Work closely with Finance colleagues to ensure risk assessments are aligned with financial models, accounting treatments and funding constraints
* Design, implement and maintain GBE’s risk management framework, aligned with HM Treasury’s Orange Book. Embed a risk-aware culture into the organisation and ensure appropriate reporting to Audit Committee and Board
* Lead the articulation and embedding of risk appetite, and ensure that transactions and operational activities are in line with agreed risk tolerances
* 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
Qualifications and Experience
* A full financial qualification (CCAB, CIMA, CIPFA or equivalent)
* Significant senior‑level experience in risk management, with a strong emphasis on financial transactions, investments and project finance
* Deep understanding of financial, commercial and counterparty risk
* Experience operating in a high‑governance, committee‑driven environment
* Ability to communicate complex risk issues clearly to senior executives and boards
* Strong judgement and independence, with proven ability to provide constructive challenge
* Experience in energy, infrastructure, investment or public‑sector financing
* Familiarity with HM Treasury frameworks
* Experience working alongside finance, legal and investment teams on live transactions
* Professional qualification in risk, finance or a related discipline
Personal Qualities
* Takes ownership, shows confidence in decision-making, and is willing to challenge constructively
* Focuses on delivering meaningful outcomes and making a positive, lasting impact
* Works collaboratively, valuing different perspectives and building inclusive relationships
* Proactive and adaptable, with a curiosity to explore new ideas and improve ways of working
* Resilient and resourceful in a fast‑paced environment
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