First Recruitment Group
Risk Analyst
Hatfield
Posted about 20 hours ago
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Programme & Cost Risk Analyst (Water Sector) - Long term project - Hybrid working - Based in Hatfield, Hertfordshire
Location: Hatfield – 2 days on site, 3 days from home
Contract: 6-8 Months (extendable)
IR35 Status: Inside IR35
Start date: September 2026
Key Responsibilities
- Develop and maintain programme and cost risk assessments for water sector projects and portfolios.
- Facilitate risk identification workshops with project, engineering, commercial, and delivery teams.
- Quantify schedule and cost risks using recognised risk analysis techniques.
- Perform probabilistic modelling, sensitivity analysis, and scenario assessments to evaluate potential project outcomes.
- Support the development and maintenance of project schedules, cost estimates, and contingency provisions.
- Produce clear risk reports, dashboards, and management information for project teams and senior stakeholders.
- Monitor risk trends and emerging threats throughout project delivery.
- Provide assurance that programme and cost risk management processes are applied consistently across projects.
- Support investment decision-making, business case development, and governance reviews.
- Contribute to lessons learned activities and continuous improvement initiatives across programmes.
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Qualifications, Skills & Experience
Essential
- Understanding of project controls disciplines, including:
- Planning and scheduling
- Cost management
- Risk management
- Performance reporting
- Experience working on infrastructure, utilities, engineering, or capital delivery projects, ideally within the water sector.
- Knowledge of programme and cost risk analysis methodologies.
- Familiarity with risk modelling and project controls software.
- Strong analytical and problem-solving skills.
- Ability to interpret complex technical, commercial, and project information.
- Excellent stakeholder engagement, communication, and workshop facilitation skills.
- Strong written and verbal communication skills.
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Desirable
- Experience supporting major capital programmes within regulated industries.
- Knowledge of quantitative risk analysis techniques, including Monte Carlo simulation.
- Experience using tools such as Primavera Risk Analysis, Safran Risk, @Risk, or equivalent risk management software.
- Understanding of UK water industry frameworks and governance processes.
- Experience producing reports and presentations for senior leadership and project boards.
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Skills
Risk assessment
Cost management
Planning and scheduling
Probabilistic modelling
Sensitivity analysis
Scenario assessment
Project controls
Stakeholder engagement
Workshop facilitation
Performance reporting
Data analysis
Infrastructure project management
Risk reporting
Business case development
Governance reviews