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- Tasks: Become an Asset Risk Specialist, analysing and managing risks in electricity distribution.
- Company: Join National Grid, a leader in energy distribution serving over 8 million people.
- Benefits: Enjoy hybrid working, a company vehicle, and opportunities for professional growth.
- Why this job: Make a real impact on energy management while working in a diverse and inclusive environment.
- Qualifications: Ideal candidates have a degree in Maths, Data Science, or Engineering and coding skills.
- Other info: This role requires travel within the UK and may involve a DBS check.
The predicted salary is between 34000 - 50000 £ per year.
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Recruitment Business Partner at National Grid
Job Introduction
National Grid Electricity Distribution (NGED) are building an Asset Risk team and we’re looking for two Asset Risk Specialists to join the team as subject matter experts in Asset Risk.
Reporting to the Asset Risk Manager you will implement and update an integrated asset risk management framework (IARMF) for NGED. The IARMF provides a common risk currency to understand the levels of risk associated with electricity distribution assets across 6 categories. Working with the business in particular Asset Management, Local NGED and wider National Grid Electricity Transmission teams you’ll gain insight into 6 risk consequence categories and how these can give a complete view of the risk across multiple asset classes on the Distribution Network.
Using your expertise, you’ll have professional targeted discussions, analyse risks as well as identify, describe and estimate the asset risks affecting the business in a common currency. As the asset risk subject matter expert, you will provide insight for the Asset Management teams to enable effective risk-based decision making when formulating multimillion pound investment plans.
The role can be based at location within our licence areas of East Midlands, West Midlands, South West or Wales. We offer hybrid working of 1-2 days in the office/depot. A company vehicle will be provided as it expected that the role will require travel throughout the NGED footprint. Consideration will also be given to candidates that would prefer to use public transport.
Main Responsibilities
- Subject Matter Expert for Asset Risk within National Grid Electricity Distribution completing technical risk assessments and the development of fit for purpose risk management strategies.
- Designing templates and data capture tools to enable and carry out risk assessments on a range of different assets within the business.
- Evaluating risk by comparing estimated risks with criteria established by the organisation such as costs, legal requirements and environmental factors.
- Assessing asset risk against the organisation\’s \’asset risk appetite\’, i.e. the level of risk we are prepared to accept
- Producing a regular communication for the Asset Management and Field Operations Leadership teams that reports risk in an appropriate way for different audiences.
- Assess the controls identified within “bowtie” analysis and undertake audits of policy and compliance to standards, including liaison with internal and external auditors.
- Ensuring the Integrated Asset Risk Management Framework is effectively populated and implemented.
- Proactively advocate the Integrated Asset Risk Management Framework, ensuring awareness and adoption.
- Carrying out reviews to compare assessed asset risk levels with asset performance metrics, and where necessary investigate sources of discrepancy and take appropriate action to improve the framework.
- Own the escalation asset risks being outside risk appetite using the agreed process.
- Ensure risks requiring further mitigation are transferred into the integrated planning process.
- Develop models (e.g. degradation models, Health and Criticality matrix’s) to ensure the outputs can map into the Integrated Asset Risk Management Framework.
- Provide the data and analysis for a quarterly Asset Risk Report to Exec level with narrative and insights, using leading and lagging indicators as appropriate.
- Developing strong relationships with stakeholders at all levels. Regularly engage with key stakeholders, ensuring they have appropriate output from the Integrated Asset Risk Management Framework to enable them to make effective decisions.
- Provide support, education and training to staff to build risk awareness within the organisation.
Ideal Candidate
- Maths, Data Science or Engineering degree or equivalent experience
- Experience operating in an environment with high asset volumes across multiple different asset classes
- Experience using coding languages such as Python and SQL
- Experience implementing and utilising risk strategies and implementing risk controls
- Excellent data analysis skills
- Experience conducting risk analysis and monitoring and reporting risks
- Experience carrying out audits on policies and compliance with policy
- Proficient in the use of Microsoft Office applications including Word/Excel
- Building professional relationships
- Excellent communication and interpersonal skills including report writing, presentation skills and an ability to communicate at all levels.
- Full UK Driving licence preferred but not essential
National Grid Electricity Distribution is committed to safeguarding the interests of the Company, colleagues and customers. This role is subject to a satisfactory Barring Service, (DBS) check, depending on the role different levels of screening and vetting are required. Some roles require a triannual check.
About Us
We’re National Grid Electricity Distribution (NGED), the owner and operator behind the electricity distribution systems for the Midlands, the Southwest of England and South Wales. Serving communities of more than 8 million people, our expert teams deliver heat, light and power for homes and businesses.
National Grid employs over 29,000 people worldwide. We are building an inclusive workplace, a place to actively celebrate the cultures, personalities and preferences of our colleagues – who in turn help to build the success of our business and reflect the diversity of the communities we serve. Our vision is to be at the heart of a clean, fair and affordable energy future and we are doing this in a fast-moving industry with an increasing focus on tackling climate change, exploring new energy sources that are renewable, low carbon, and improve efficiency to meet demand.
Seniority level
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Seniority level
Associate
Employment type
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Employment type
Full-time
Job function
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Job function
Engineering, Manufacturing, and Other
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Industries
Utilities, Electric Power Transmission, Control, and Distribution, and Engines and Power Transmission Equipment Manufacturing
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Asset Risk Specialist employer: National Grid
Contact Detail:
National Grid Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Asset Risk Specialist
✨Tip Number 1
Familiarise yourself with the Integrated Asset Risk Management Framework (IARMF) that National Grid uses. Understanding this framework will help you speak confidently about how you can contribute to its implementation and improvement during interviews.
✨Tip Number 2
Network with current employees or professionals in the asset risk field, especially those who have experience with electricity distribution. Engaging in conversations can provide insights into the company culture and expectations, which can be invaluable during your application process.
✨Tip Number 3
Brush up on your data analysis skills, particularly in Python and SQL, as these are crucial for the role. Consider working on a small project or case study that showcases your ability to analyse asset risks using these tools, which you can discuss in your interview.
✨Tip Number 4
Prepare to discuss your experience with risk assessment and management strategies. Think of specific examples where you've successfully identified and mitigated risks, as this will demonstrate your expertise and suitability for the Asset Risk Specialist position.
We think you need these skills to ace Asset Risk Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Asset Risk Specialist role. Focus on your expertise in risk management, data analysis, and any coding languages like Python or SQL that you possess.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses why you are a great fit for National Grid. Mention your understanding of asset risk management frameworks and how your background can contribute to their goals.
Highlight Relevant Experience: In your application, emphasise any previous roles where you conducted risk assessments or developed risk management strategies. Use specific examples to demonstrate your impact in those positions.
Showcase Communication Skills: Since the role involves liaising with various stakeholders, make sure to highlight your communication and interpersonal skills. Provide examples of how you've effectively communicated complex information in past roles.
How to prepare for a job interview at National Grid
✨Understand the Integrated Asset Risk Management Framework
Familiarise yourself with the Integrated Asset Risk Management Framework (IARMF) that National Grid uses. Be prepared to discuss how you can contribute to its implementation and updates, as well as your understanding of risk management strategies.
✨Showcase Your Technical Skills
Highlight your experience with coding languages like Python and SQL during the interview. Be ready to provide examples of how you've used these skills in previous roles, especially in data analysis and risk assessment.
✨Prepare for Stakeholder Engagement Scenarios
Since building strong relationships with stakeholders is crucial, think of examples where you've successfully engaged with different teams. Be ready to discuss how you would communicate complex risk information to various audiences.
✨Demonstrate Your Analytical Thinking
Prepare to discuss your approach to analysing risks and developing risk management strategies. You might be asked to solve a hypothetical problem or case study, so practice articulating your thought process clearly and logically.
