Portfolio Risk Manager in London

Reimagine how risk powers better decisions across the UK’s most critical energy projects. This isn’t a traditional risk role. As a Risk Manager within our Portfolio Risk & Assurance team, you’ll help redefine how risk is understood, modelled and embedded across a multi‑billion‑pound portfolio of nationally significant infrastructure projects. You’ll move beyond process – using data, innovation and insight to shape decisions at the highest level, influence investment outcomes, and strengthen confidence across the business. This is a new role with real freedom to shape the future of risk in Strategic Infrastructure – from evolving frameworks to driving smarter, more integrated ways of working. If you’re ready to challenge convention and help transform how risk supports critical infrastructure – apply today. This role offers hybrid working, with flexibility to travel across England and Scotland for team collaboration.

What you’ll be doing

• Joining the team leading the shift towards a more forward‑looking, analytics‑driven risk function, including:
• Designing and evolving a modern, portfolio‑wide risk framework that drives insight – not just compliance.
• Delivering advanced cost and schedule risk modelling (QCRA/QSRA) to inform strategic decisions.
• Leading 2nd line assurance in a way that adds value, challenge and clarity.
• Using data to identify trends, emerging risks and systemic insights across the portfolio.
• Integrating risk into planning, finance, and commercial decisions – embedding it where it matters most.
• Supporting projects at key moments, including major regulatory submissions and approvals.
• Driving innovation in how risk is captured, modelled and communicated – simplifying complexity for decision‑makers.
• Building and energising a Risk Community of Practice, raising capability and championing new thinking across SI.

What we’re looking for

• You’re someone who sees risk differently – not just as mitigation, but as a powerful enabler of better decisions.
• Experience operating across complex, large‑scale programmes (£500m+) and/or at portfolio level.
• Strong understanding of P3M risk management and portfolio‑level integration.
• Deep expertise in quantitative risk modelling and digital risk tools (QCRA/QSRA).
• Ability to connect project risk with enterprise risk, creating a joined‑up view.
• Strong stakeholder influence – confident challenging, advising and shaping direction.
• A mindset focused on innovation, continuous improvement and smarter ways of working.
• The ability to turn complex data into clear, compelling insight that drives action.

What you’ll get

• A competitive salary between £70,000 - £85,000 – dependent on capability.
• An annual performance bonus of up to 30% of your eligible earnings in the performance year.
• 28 days annual leave plus eight statutory days.
• The option to buy additional or sell holiday days.
• A generous contributory pension scheme – we will double‑match your contribution to a maximum company contribution of 12%.
• Financial support to help cover the cost of professional membership subscriptions, course fees, books, exam fees and time off for study leave – so long as it’s relevant to your role.
• Access to 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.
• Family care benefits including a back‑up care service for when your usual care arrangements fall through (six paid days each year as standard with the option to purchase further days).
• Access to apps that support health, fitness and wellbeing.

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. Here, you will be at the heart of energy.

More information

This role closes on 1 June 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. Interviews to be held 11 and 16 June 2026. We value diversity and are committed to creating an inclusive workplace for all. We welcome applications from all suitably qualified candidates – we make appointments purely on merit, assessed against objective selection criteria. We support flexible working and will make reasonable adjustments throughout the recruitment process should you have any physical or mental impairment which may affect your ability to participate in the process. Please note that in most cases, National Grid is unable to offer sponsorship for employment under the UK points‑based immigration system. As such, applicants must have the legal right to work in the UK without requiring sponsorship now or in the future under the UK points‑based immigration system. However, in exceptional circumstances where there is a clear and demonstrable need for specialist skills that cannot be sourced from the local labour market, National Grid may consider offering sponsorship. All applications are welcome from candidates who meet these requirements, regardless of race, nationality, or ethnic origin.