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Assurance and Risk Manager

  • Location

    City of London, London

  • Sector:

    Power, Nuclear and Utilities, Professional Services

  • Job type:

    Permanent

  • Salary:

    £45000.00 - £46000.00 per annum + Bonus + additional benefits

  • Contact:

    Brent Slocombe

  • Contact email:

    brent.slocombe@morson.com

  • Job ref:

    148050BSL_1533725783

  • Published:

    2 months ago

  • Expiry date:

    2018-08-15

  • Start date:

    24/09/2018

  • Client:

    #

Morson International is proud to be the recruitment partner for The Low Carbon Contracts Company as they embark upon a large and varied recruitment campaign.

The Low Carbon Contracts Company (LCCC) and the Electricity Settlements Company (ESC) sit at the heart of the delivery of the UK's goals for secure, affordable and sustainable electricity. Run as a private, not for profit limited company, the LCCC primarily provides the mechanism behind Contracts for Difference (CfD) - a contract introduced by the government to incentivise investment in secure, low-carbon electricity.

By enabling smaller low-carbon generators to gain entry through long-term revenue stabilisation, the LCCC plays a pivotal part in the UK's Energy Market Reform, the biggest change to the electricity market since privatisation.

3 years from its inception and having met short term objectives, they look now to move to the next strategic phase and are investing significantly in the workforce and are now looking to recruit a [insert job title] to contribute towards ongoing success

Role Summary

The purpose of this role is to support the Head of Assurance and Risk to deliver the level of assurance and risk management sought by the board and the Audit, Risk and Assurance Committee (ARAC) for the Low Carbon Contracts Company and Electricity Settlements Company.

This includes managing the assurance, controls and risk management frameworks and testing plans and providing hands on risk management support to the business.

The size and volume of payments managed by the companies necessitates a significant investment in governance and a robust risk management and controls framework. As well as complying with the UK Corporate Governance Code, the company is also required to adhere to government requirements relating to Managing Public Money. This role is crucial in ensuring that the companies meet the relevant regulatory requirements and effectively manage significant risks.

 

 

 

Key Responsibilities

  • Support maintenance of the organisation's strategic and functional risk registers, and the process by which business risks are identified, assessed, prioritised and mitigated.
  • Support the business in embedding risk considerations into strategic decision-making and change management
  • Generate risk management awareness to foster a culture of addressing threats before they materialise and maximising opportunities
  • Support reporting to the Board and the ARAC on the status of the risk management programme
  • Contribute to the development of the assurance, internal audit and controls testing plan
  • Plan and execute internal audits and assurance reviews as directed and communicate the results including actions that have been agreed to address areas of improvement
  • Support the maintenance and improvement of the company's internal control framework, and plan and perform control testing. Support reporting to the ARAC on the design and operating effectiveness of key controls
  • Support the Head of Assurance and Risk with the whistleblowing officer role and contribute to investigations as directed
  • Support business continuity planning
  • Support the management of internal fraud risk
  • Assess the ethical culture of the organisation. Assist in the maintenance of a culture of accountability and integrity, personally adhering to high ethical standards.
  • Maintain effective working relationships with contacts in external audit, relevant regulatory bodies and delivery partners

 

 

Skills/experience required

  • Graduate level calibre with 5 years' internal audit or relatable operational experience
  • Qualified accountant or Certified Internal Auditor (CIA) / Chartered Internal Auditor (CMIIA) Knowledge of assurance and risk management frameworks
  • Independent mind-set and ability to challenge the status quo
  • Strong interpersonal skills and ability to work closely with people at all levels of the organisation
  • Strong analytical and decision making skills
  • Strong written and verbal communication
  • Self-motivated with ability to work effectively under pressure and with high levels of personal resilience.
  • Experience of using data analytics and tools to provide insight and support assurance activities
  • Commercial sector experience and/or experience of the public sector would be advantageous
  • Knowledge of the UK Electricity Market and how it operates is beneficial but not essential

Shortlisting dates are secured throughout August so please apply as soon as you are able and further information can be found here https://www.morson.com/low-carbon-contracts-company-careers