Risk Analyst

About the role

Join us. Risk insight that matters.
As a Risk Analyst at National Grid, you’ll play a vital part in shaping decisions that power the UK’s energy future. You’ll turn complex risk data into clear, trusted insight that helps leaders balance opportunity, uncertainty, and investment across our Strategic Infrastructure portfolio.

By connecting project, portfolio, and enterprise‑level risks, you’ll strengthen organisational resilience, support robust governance, and enable smarter prioritisation of resources. Beyond analysis, you’ll help embed consistent risk practices that improve foresight, accountability, and value delivery – ensuring the infrastructure we build today stands up to regulatory, financial, and societal expectations tomorrow.

This role is based in Warwick, and you’ll enjoy the flexibility of hybrid working, balancing time in the office with time at home.

Key accountabilities

Quantitative Risk Analysis (QCRA / QSRA) & Forecasting

• Lead portfolio-level QRAs/QSRAs and reference class forecasting.
• Run scenario analysis and stress tests to assess exposure.
• Provide expert challenge on risk modelling assumptions and outputs.

Portfolio Risk Aggregation, Data, Insights & Tools

• Translate project-level risk data into portfolio-level exposure and systemic risk drivers.
• Develop and maintain portfolio risk dashboards (Excel/Power BI), integrating risk, cost, and schedule data.
• Produce risk insights and prepare committee packs (e.g., Risk & Assurance Committee).

Functional Risks

• Act as first point of contact for functional teams on risk matters.
• Align project risks with functional registers and escalate to enterprise level where needed.
• Ensure consistency between functional exposure and portfolio view.

Enterprise Risks

• Maintain and update enterprise, compliance, and key controls registers in Archer.
• Ensure project, management, and functional risks are current, consistent, and linked.
• Develop and track key risk indicators (KRIs) aligned to principal and management risks.

Assurance

• Maintain the key controls register and coordinate the self-assessment process.
• Ensure controls are prepared for handoff to assurance teams for testing.
• Provide technical review of QRAs, RCFs, and risk products at project gates.

Maturity & Continual Improvement

• Identify and implement process improvements in risk management.
• Capture and embed lessons learned to strengthen risk maturity.
• Coach and train risk, project, and functional colleagues on SIMS requirements and risk management best practice.

About you

• Strong quantitative risk analysis expertise, including portfolio-level QRAs/QSRAs and reference class forecasting.
• Proficiency with risk systems such as ARM, Archer, Saffran, or similar.
• Experience in portfolio risk aggregation: combining project-level data into portfolio-level insights and confidence assessments.
• Assurance capability: ability to technically review QRAs, RCFs, and risk products at project gates for quality and compliance.
• Stakeholder engagement skills: confident working with project managers, risk leads, schedulers, estimators, and functional teams; able to translate technical outputs into business-ready insights.
• Experience in functional/enterprise risk alignment: maintaining risk registers and ensuring consistency between project, functional, and enterprise views.
• Ability to capture systemic lessons learned and feed them into process improvements and training initiatives.
• Sector experience: major projects, infrastructure, energy, utilities, or other regulated environments is an advantage.
• Advanced Excel and Power BI (DAX) skills to design, maintain, and automate dashboards linking risk, cost, and schedule.
• Experienced in developing efficient data models for risk reporting.
• Professional certifications: PMI-RMP, IRM Certificate/Diploma, or equivalent risk management qualification.

What you'll get

A competitive salary between £48,000 - £61,000 – dependent on capability.

As well as your base salary, you will receive a bonus based on personal performance and a competitive contributory pension scheme where we will double match your contribution to a maximum company contribution of 12%. You will also have access to a number of flexible benefits such as a share incentive plan, salary sacrifice car and technology schemes, support via employee assistance lines and matched charity giving to name a few.

About us

National Grid Strategic Infrastructure is a Business Unit created to propel our grid forward to deliver in 5 years, what has been achieved in the previous 30. By 2030 we aim to have 17 new major infrastructure projects live across England, Scotland and Wales.

Here at National Grid, we connect homes and businesses to power, making sure supply and demand match each other. We make sure the lights are on in schools, operating theatres, and sporting arenas; we’re thousands of people working on behalf of millions of people.

Our investment in Strategic Infrastructure via The Great Grid Upgrade will mean more home-grown power, greater energy security and a cleaner future.

Whatever your role, wherever you work with us, you’ll help us hit stretching targets and achieve our far-reaching goal: to secure, clean energy that supports our world far into the future. Here, you will be at the heart of energy.

More information

This role closes on 4 May 2026 at 23:59, however we encourage candidates to submit their application as early as possible and not wait until the published closing date as this can vary. 

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