Job Description

Head of Risk

Aberdeen (or Edinburgh)

Hybrid (2 days on site)

12 Month Contract

Up to 950 /Day Rate (Inside IR35)

Overview

Our energy client is looking for a Head of Risk to build, implement and lead its enterprise-wide risk management (ERM) function. This foundational role will establish the organisations risk capability with a strong focus on governing financial and investment activities.

Key Responsibilities

• Strategic Development: Design and deploy a comprehensive ERM framework and risk appetite statements aligned with the Board's objectives.
• Capability Building: Establish the internal risk function team and systems; manage external advisory support.

Financial & Investment Risk

• Lead the identification, monitoring and analysis of credit market liquidity and counterparty risks.
• Oversee risk‑adjusted performance analysis for the entire portfolio (equity, infrastructure, loans, grants).
• Conduct robust stress testing and scenario analysis.

Governance & Oversight

• Provide second‑line oversight and challenge on new investment proposals and portfolio performance.
• Maintain the strategic risk register and produce comprehensive reports for the Board and Audit & Risk Committee.

Culture & Compliance

• Embed a risk‑aware culture through effective training and engagement.
• Ensure all activities comply with UK financial regulations.

Essential Criteria

• Extensive experience in financial risk management within investment banking, infrastructure finance or public investment institutions.
• Expertise in credit risk, market risk and portfolio risk modelling.
• Strong knowledge of UK regulatory frameworks and public‑private investment structures.
• Professional qualifications such as FRM, CFA or PRM.

Desirable Criteria

• Experience in renewable energy or infrastructure sectors.
• Familiarity with government reporting and assurance requirements.
• Experience in start‑up environments.
• Background in investment funds or wealth organisations.
• Knowledge of revaluation and economic capital modelling.

Required Experience

• Director level experience.