Circa £53,000
Location Southwark, with hybrid working
Contract Type TfL

The closing date for applications is 26th May 2023 @ 23:59 hours

Overview of role

The Risk and Assurance department helps TfL serve London more safely, effectively and efficiently by providing integrated enterprise risk management, internal audit, assurance, fraud prevention and investigation services. We are responsible for developing and maintaining TfL’s Enterprise Risk Management framework (ERMF); ensuring assurance is provided on the delivery of major projects and business risks; delivering an independent Internal Audit service and fraud awareness, detection and investigation services.

We now have 2 exciting opportunities to join our team as a Risk Manager within the Enterprise Risk Management (ERM) team.

The ERM team supports TfL in identifying, assessing and managing key risks in order to support the business in delivering its key objectives. You will advise, support and add value to your assigned Business Area(s) in relation to the identification, assessment, management, mitigation, monitoring and reporting of risks, producing clear and insightful risk intelligence to internal stakeholders to aid decision making.

You will help to embed TfL’s ERMF, ensuring robust, effective and consistent risk management processes and reporting of risk information are maintained. Collaborating with your assigned Business Area(s), you will support and advise internal stakeholders in identifying, assessing, mitigating and monitoring risks.

Key Accountabilities

• Accountable for ensuring risks (strategic, operational and asset) are appropriately identified, assessed, evaluated and monitored with effective risk mitigation plans in place following TfL’s ERMF.
• Provide support and advice to internal stakeholders with responsibility for maintenance of risk registers, entering meaningful and up to date risk information into the risk system, ARM (Active Risk Manager) and developing ARM to ensure it is aligned with the ERMF.
• Responsible for supporting Enterprise Risk deliverables and reporting to TfL’s Panels and Committees which includes the Executive and Audit and Assurance Committees.
• Responsible for ensuring timely and consistent reporting of clear and meaningful risk information and insightful analysis on a regular basis to appropriate Governance forums of the Business Areas, as defined by Head of Enterprise Risk; this will include Key Risk Indicator reporting.
• Establish and maintain robust linkages between Enterprise, Strategic, Operational and Project Risk throughout the assigned Business Areas.
• Support the development, implementation and promotion of effective and robust risk management processes, as defined by the Head of Enterprise Risk to raise significant risks for review and/or escalation; responsible for supporting development of policies and procedures to ensure continuous improvement is implemented.
• Support development and facilitation of risk reviews and training workshops, as defined by the Senior Risk Manager, leading to improved awareness of risks and increasing internal stakeholders' capability in managing risks.
• Provide constructive challenge to risk owners and internal stakeholders in the Business Areas when reviewing existing risk management assessments and activities to ensure that risks are managed and mitigated effectively, providing analysis and making recommendations to manage risks.
• Work closely with Internal Audit and other Assurance partners to implement management actions arising from Audit/ Assurance reports in the assigned Business Areas.
• Support TfL-wide Risk activities (for example, additional reports, analysis, deep dive reviews, cascade of Risk Tolerance and Appetite) as defined by the Head of Enterprise Risk and support other risk activities as determined by key stakeholders in the Business Areas.

Skills, Knowledge & Experience

Equality, diversity and inclusion

We are committed to equality, diversity and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria. We also use anonymising software that removes identifying information from CVs and cover letters to make the process fair.

Application Process

Please apply using your CV and a two page covering letter. Word format (.docx) and do not include any photographs or images

Benefits

In return for your commitment and expertise, you will enjoy excellent benefits and scope to grow. Rewards vary according to the business area but mostly include:

• Final salary pension scheme
• Free travel for you on the TfL network
• Reimbursement of 75% of the cost of a standard class Ticket for National Rail travel from home or 75% reimbursement on a 28-day flexi ticket
• 30 days annual leave plus public and bank holidays
• Private healthcare discounted scheme (optional)
• Tax-efficient cycle-to-work programme
• Retail, health, leisure and travel offers
• Discounted Eurostar travel