Risk Modelling - Capital Projects

Overview of the Business Unit/ Department/ Team;

Real Assets Risk Modelling

PwC’s Risk Modelling practice provides a range of analytical and modelling solutions to a range of clients across both the private and public sector.  Within the practice, the Real Assets team is a key growth area with increased demand and opportunities for risk modelling services across a range of Capital Programmes.

As a member of PwC’s risk modelling Real Assets team, you will work with a range of clients to develop proof of concept and fully operational diagnostics; use and development of analytic tools and models to aid the formulation and delivery of risk management insights, financial strategy and operational decisions. You will often be working directly with client management, participating in meetings with client staff and colleagues to add value to our clients through identifying and delivering benefits which are sustainable. 

You will work alongside a diverse team from a range of analytical backgrounds including actuaries, data scientists and financial risk modellers.  In addition to working directly for clients, you will also work in collaboration with other PwC teams from the wider Real Assets practice, combining our analytical and modelling skills with engineering, project management operational, financial and governance skills to deliver broad solutions to our clients.

As a team, we offer continuous learning opportunities (on the job or through formal internal and external training). You will be encouraged to contribute to the team learning and share knowledge via internal presentations, tutoring on internal courses or by contributing material to the knowledge database

Responsibilities

Increasingly, our clients are seeking to improve their business through large-scale investment programmes, in both physical and digital infrastructure. Critical to the success of these programmes is effective risk management.

Core requirements and responsibilities:

• You will play a key role in the continued growth and development of our Risk strategy within Capital Projects and Real Assets. This will include being involved in strategy meetings, assisting in the development of marketing materials and building strong relationships across PwC and our clients.

• You will support the team in developing and implementing modelling techniques to infer valuable insights to our clients and deliver these to a wide audience. 

• You will have access to a range of high profile clients and engagements, and will be responsible for supporting the day to day delivery of your engagements. This includes, assisting in the management of key client and PwC stakeholders, producing and presenting reports to management, tracking budgets and maintaining strong relationships.
   

At PwC we pride ourselves on our continued learning and development: 

• You will be encouraged to focus on your own goals and ambitions with support from your personal Career Coach, training materials and access to numerous courses.

• You will be given stretch opportunities and responsibilities to meet your goals and ambitions, with on the job guidance and support from more senior team members.

• You will need to maintain a good understanding of the developments in the market and look to share with your clients.

As an experienced risk professional you will be expected to: 

• Support and contribute to winning new work;

• Plan and deliver work to integrate with other advisers and the client to add sustainable value; and

• Acquire and share knowledge to build your own expertise and that of other staff.

Skills & experience

As an experienced risk professional you will have a proven track record in supporting organisations to develop robust end-to-end risk management solutions, from identification & assessment, through to QRA modelling and setting contingency.

Essential skills & experience:

• Education to Degree level, ideally in engineering, risk management, operational research, mathematics, actuarial or other numerical subject;

• Strong understanding and experience of providing risk management services to programmes, across all elements of a project lifecycle;

• Experience of using cost and schedule risk models (QCRA and QSRA) using relevant software;

• Experience in supporting stakeholder interaction, such as preparing for, and attending, risk workshops and communicating results using innovative solutions such as Power BI or Tableau;

• You will have the ability to assess modelling needs/solutions based on programme maturity and consider which analytics, tools and methods could be used to support them;

• Work collaboratively with colleagues and clients, and experienced in working in a project based environment;

• Ability to manage stakeholder expectations, providing clear progress updates to project managers;

Desirable Technical skills:

• Experience in supporting the development technology based solutions;

• Experience in modelling within Excel, and bespoke risk software such as @Risk, Safran, PRA;

• Experience in reporting via Excel, and bespoke visualisation software such as, Power BI, Tableau, or similar;

• Experience of coding software such as Python or R;

• Awareness of risk platforms such as Xactium, IRIS, ARM.

Desirable subject matter expertise:

• Experience in developing and deploying quantitative risk modelling solutions in infrastructure/programme environments to solve operational, financial or strategic challenges;

• Experience in either identifying, developing or implementing mitigation strategies for key risks;

• An understanding of Enterprise Risk Management

• Real Assets/Capital programme/Infrastructure risk management experience (either as employed or consulting)

• 2-3 years of experience within a risk role

• Understanding of schedule risk modelling

Risk
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