Risk Quantification Consultant

The ERM Manager leads risk quantification and analysis, supporting the implementation of ERM at EWEC. The role develops risk dashboards and reports for Senior Management, ensuring alignment with EWEC's risk appetite and sector trends. Additionally, the ERM Manager conducts financial, impact, and scenario analyses to assess risks in investment decisions, strategic plans, and budgeting, providing insights for proactive risk management and decision-making.

Job Specific Responsibilities

• Monitor and enhance application of EWEC’s ERM processes across the organisation, including but not limited to relevant risk quantification methodologies, tools and templates
• Research and implement innovative approaches to quantify and analyse EWEC’s risks in line with the ERM policy and framework while reviewing and evaluating risk quantification approaches of similar international utilities and single-buyer/system operator organisations
• Provide risk management support within key projects by providing guidance on risk quantification and the application of risk simulation software/modelling (including Monte Carlo Simulation or Bootstrapping)
• Conduct in-depth analysis of potential new investment decisions and stress test financial models considering multiple risks/assumptions and offering probabilistic insight on potential investment ROI/LCOE and contribute in drafting investment recommendations based on risk sensitivity analysis.
• Responsible for developing and monitoring KRIs (key risk indicators) across the enterprise risk portfolio consistent with the risk framework in order to measure risk exposure
• Develop and implement necessary tools for the automation of the risk quantification and risk aggregation process, supporting the risk assessment initiatives
• Review and challenge business planning and budgets proposed by EWEC, in consideration of the EWEC risk landscape and any necessary contingency reserves, and provide a probabilistic analysis on EBITDA/Unit costs to make a meaningful recommendation from risk perspective
• Perform a risk mapping and quantification exercise to map risks from the risk registers to financial statements
• Analyse and identify risks associated with the forecast performance for deviations.
• Engage with Risk Champions / Finance business partners in developing models that provide a quantitative basis for decision-making, aligning these models with financial considerations, and facilitating effective communication to support informed and strategic decision-making processes.
• Communicate complex risk quantification concepts to non-technical stakeholders in a clear and understandable manner.
• Ensure that all new projects/initiatives/investments have offered risk oversight and key risks are monitored on a periodic basis over the duration of the projects/initiatives/investments to deliver intended benefits on time in a defined cost
• Collaborate with business functions including Project Finance, Strategy and Planning and Financial Planning on how to quantify / analyse and report risks and evaluate internal and external risks/issues that may impact EWEC’s core activities
• Periodically collaborate with Risk Owners on key business aspects to ensure risk informed decision making is implemented across EWEC
• Regularly update risk dashboards and reports based on inputs obtained from the Directorates and outputs of the risk quantification activities, ensuring accurate documentation is presented to ARC and Board
• Identify and analyse sector trends to continuously improve EWEC’s risk management approach, including gap analysis controls
• Develop, review and update ERM training materials to ensure they reflect EWEC’s ERM framework and goals and train Risk Champions and other employees (as needed) on the importance of ERM and EWEC's ERM tools and methodologies.
• Develop and implement the Risk Management Plan working closely with the ERM Head on annualised basis
  
  

Key result area(s)

Driving risk quantification and analysis to support strategic decision-making and developing risk dashboards and reports that align with EWEC’s risk appetite and emerging trends. Additionally, the role ensures comprehensive financial and scenario analysis to guide investment and risk mitigation strategies.

Internal Working Relations

• CFO and Corporate Operations Directorate
• Internal Departments within EWEC
• Internal Audit
  
  

External Working Relations

• None.
  
  

Job Requirements

Minimum Education Level

• Bachelor’s degree in Finance, Economics, Accounting, Mathematics, or a related field, with proven experience in risk quantification and assessment, preferably within a corporate or regulatory environment.
  
  

Minimum Experience Level

• Minimum of 8 years of experience in Finance or Risk Management
• Diverse/multi-cultural business industry (obtained from medium to large organisation)
• Multi-national company
• Energy and utility sector preferred
  
  

Job-related Competencies And Proficiency Levels

Behavioural

• Organisational excellence (level 2) - intermediate
• Strong analytical and problem solving (level 3) - Professional
• Build effective relationships (level 3) - Professional
• Communicate with impact (level 3) - Professional
• High attention to detail (level 2) - intermediate
  
  

Technical

• Financial modelling (level 3) - Professional
• Sensitivity Analysis (level 3) - Professional
• Risk Management (level 3) - Professional