Risk Modeller

Join Thames Water’s Asset Health, Risk & Performance team and help shape the future of water infrastructure through advanced risk modelling and data analytics. In this fantastic opportunity, you will undertake detailed data analyses and risk modelling to support the asset management of water, wastewater and bioresources assets.

What you’ll be doing as a Risk Modeller:

• Analyse and model the risk of failure utilising probability and consequence data for various scenarios and understand current and future asset risk.
• Develop outline solutions and assess costs and benefits.

Key Responsibilities:

• Analysing and collating data from various sources within Thames Water to enhance the development of asset risk models, asset plans, maintenance programmes, monitoring systems, and system plans.
• Develop an understanding of the underlying risk of asset groups and systems by collating, analysing, and interpreting data from a variety of sources across Thames and use this insight to set out the activities needed to balance cost, performance and risk.
• Developing and maintaining a consistent and auditable set of Risk Models, to underpin strategic risk management, resilience and investment decision making.
• Demonstrating a culture of excellence and asset stewardship through collaboration with other functional teams across Thames Water such as Asset Planning, Operations, Engineering, Delivery Partners, Regulation, and Health and Safety.
• Developing and producing reports that will be used to communicate risks in stakeholder friendly formats.
• Providing strategic direction to Asset Planning to embed the foundations of asset risk assessments into the investment plans for regional systems and the Price Reviews, Drainage and Wastewater Management Plans (DWMPs) and Water Resource Management Plans (WRMPs).
• Collaborating and liaising with a wide range of external stakeholders such as Network Rail, London Underground, local authorities and other utilities.
• Adopting best practice frameworks (consistent with ISO 55000 standards) as part of our overarching Asset Management System.

What you should bring to the role:

• A strong background in Asset Management or Engineering (Degree or relevant experience).
• Be a subject matter expert for your asset groups to ensure we have the right balance of long, medium and short-term investment choices.
• Able to interpret complex data and make recommendations using strong communication, influencing, negotiation and analytical skills.
• Have a strong interest in data analytics, statistical modelling and reporting insights.
• Have a robust knowledge of asset management principles and techniques and an understanding of the regulatory landscape in which we operate.
• Experienced user of ArcGIS and other ESRI packages, Microsoft Office, statistical modelling (e.g. R, Python).
• The ability to build a network with different stakeholders.

What’s in it for you?

• Competitive salary up to £47,318.20 per annum depending on experience.
• 26 days holiday per year increasing to 30 with the length of service (plus bank holidays).
• Performance-related pay plan directly linked to company performance measures and targets.
• Generous Pension Scheme through AON.
• Access to lots of benefits to help you take care of you and your family’s health and wellbeing, and your finances.

Thames Water is a unique, rewarding, and diverse place to work, where every day you can make a difference. If you’re looking for a sustainable and successful career where you can make a daily difference to millions of people’s lives while helping to protect the world of water for future generations, we’ll be here to support you every step of the way.