Head of Risk

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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