Technical Analyst- Risk

Thames Water is currently recruiting for a Technical Analyst to join our team here in our Head Office in Reading. We are looking for someone to carry out an analysis of the risks to Thames Water's Business - resulting from software and hardware components being out of vendor support within the identified business processes

You will be expected to develop realistic estimates of costs for risk impacts should they materialise and for the risks identified to be mitigated will be prioritised. A threshold will be developed indicating which mitigating actions will be taken forward as projects (or project work streams)

Key Responsibilities/Accountabilities:

- A cost effective risk mitigating solutions will be implemented - preventing the business being exposed to, and likely to suffer, financial impacts that exceed the cost of the preventative measures
- Direct operating cost efficiencies where solutions lead to opportunities for consolidation
- Assess operational risk - level of impact (on TW, financial as well as reputational)  and probability of occurrence ( within a five year time frame)
- Engage with stakeholders to develop initial thresholds above which risks will generate action plans including implementation projects to resolve, and below which the recommendation is for TW to continue to live with the risks.
- Follow on projects would be required to implement mitigating actions associated with asset life cycle risks.
- For the actions/projects that are suitable candidates for implementation, carry out the Pathway definition stage activities including obtaining realistic estimates of the implementation costs. Determine the most appropriate implementation approach for these identified projects.
- Create the Pathway project management deliverables for the Analysis stage that describe the activities, approach and outcomes of the BDA.

The ideal candidate will be an analytical problem solver who is self-motivated and can process analysis. You will have strong consulting skills, including previous capture of high level requirements and business analysis. You must be commercially aware and be able to communicate across all levels in the organisation.

You will have experience in constructing business cases and cost benefit analysis to help manage infrastructure risks and issues- so a good understanding of risk, issue & change management experience is required.  You will ideally hold a Project management qualification - Prince2 or equivalent.

WHY THAMES WATER?

Thames Water is the UK's biggest water and sewerage company. We provide the essential service at the heart of daily life, health and enjoyment to 14 million customers across London and the Thames Valley.

On a typical day we supply 2.6 billion litres of top quality drinking water and our 350 sewage treatment works treat more than 4.2bn litres of wastewater. Our 85,000 miles of water mains and sewers would wrap around the world three-and-a-half times.

We have an amazing history, but are equally excited by the future. We already self-generate enough electricity to power a city the size of Oxford, but by 2020 we expect 20 per cent of our power will come from sewage. We also built the UK's first sewage recycling plant on the Olympic Park and understand the importance of speaking to our youngest customers by visiting them at school.

We will not compromise on standards which is why we carry out more than 400,000 tests per year on our drinking water. We continue to invest and this year will be spending more than £1 billion to improve our network and infrastructure - our pipes, sewage treatment and clean water treatment plants, which are some of the biggest and most advanced in Europe.

Above all this, Thames Water values its staff as number one. The enormous scale of our work means we have to recruit and develop only the most talented candidates. Are you up to the challenge?

OUR PEOPLE

You would never guess half of the jobs we have at Thames Water. These range from the usual head office roles in customer service, HR and finance as well as specialist water and wastewater roles. Other areas that are not so obvious include our community investment team, sewer flushers, nature reserve rangers and historians.