Risk & Value Analyst

Network Rail
32256.00 - 36288.00 GBP Annual
11 Oct 2017
27 Oct 2017
Contract Type
Full Time
About Network Rail

Network Rail is at the heart of revitalising Britain's railway. From Crossrail - Europe's largest civil engineering project - to investment in world-class stations and major programmes of electrification, we're involved in some of the most ambitious and diverse ventures that this country has ever seen. This will help us deliver the better railway that is vital for the economic prosperity of this country, transforming how people travel and make a massive difference to passengers and freight users right across Britain.
Based primarily in Bristol, the role will mainly support the West of England Area portion of the Wales, Western and Crossrail Route, spanning from London Paddington to Swansea. This area currently contains several of Network Rail's most critical programmes, including the largest re-signalling scheme in the country, development of disused and partially used freight lines to provide Bristol with a Metro-style service, and projects that interface with the programme of electrification between London and Cardiff.

Brief Description

In this role you will provide specialist Risk and Value Management (R&VM) assurance and services to project and programme teams.
Using your expertise as a Risk and Value Analyst you will assist the projects in performing schedule and cost risk analysis, as well as in fulfilling an assurance role to help the project teams comply with their Enterprise Risk & Value Management duties. These duties include updating of the risk registers and ensuring appropriate risk treatment is in place and is acted upon. The role will also involve regular reporting to both the Programme Management and Risk & Value Managers to monitor the risk exposure and treatment status of the projects.

Additionally, Value Management interventions may also be undertaken at the request of the Project Teams, such as 'Option Selection' and 'Lessons Learned' workshops, in which you will use your existing skills to facilitate. While desirable, existing Value Management expertise may be supplemented by formal Network Rail training if needed, as well as associated membership of the Institute of Value Management.

About the role (External)

Key Accountabilities

• Deliver R&VM specialist support services as directed by their line manager and in accordance with R&V Plans and the IP ER&VM Framework. Services include:
- Quantitative Cost &/or Schedule Risk Analyses
- Risk Identification / review workshops/ risk reporting
- Value Management studies
- Technical briefings & mentoring of project teams in R&V Management
• Carry out Level 1 assurance activities as specified by their line manager
• Mentor and support junior members of the R&VM team
• Support R&VM processes in other departments and areas of the business.
• Drive the implementation of ER&VM framework across their area, including actively enhancing the R&VM maturity and culture development
• Comply with all relevant NR processes

Job Skills, Experience and Qualifications


• Expert in all aspects of project and business risk management facilitation.
• Able to build risk models in a number of applications, which accurately represent the complexities of cost, schedule and business risk.
• Able to coach and challenge management and non specialists, the results of risk management.
• Be classed as a "Practitioner" in all Leadership Competencies or with the capability to attain this level within a defined period.


• Membership of the Institute of Risk Management or Association for Project Management Risk Practitioner.
• Membership of the Institute of Value Management.
• Experience in Network Rail's project management processes and procedures.

How To Apply- External

Network Rail welcomes applications regardless of age, disability, marital status (including civil partnerships), pregnancy or maternity, race, religion or belief, sexual orientation, transgender status, sex (or gender), employment status, trade union affiliation, or other irrelevant factor. We will interview all disabled applicants who meet the essential criteria.
Keeping people safe on the railway is at the heart of everything we do, safe behaviour is therefore a requirement of working for Network Rail. Applicants should demonstrate their personal commitment to safety in their application.
Network Rail can offer you a rewarding career with competitive pay and excellent benefits including a choice of contributory pension schemes, a generous annual leave package, a bonus scheme and an annual 75% subsidy on season tickets costing up to GBP3000 (to a maximum amount of GBP2,250).
Network Rail positively embraces flexible working recognising that employees may wish to balance work and family/home life.
Network Rail adheres to a structured pay framework, any salary offered will be within the following pay range: GBP32,256 - GBP36,288.
Closing date: 05-11-2017. Late applications will not be accepted. We retain the right to close the advert before the listed closing date based on application volumes
Network Rail adheres to the Baseline Personnel Security Standard (BPSS). This is a government standard for pre-employment vetting. All prospective employees will undergo the required checks to meet this standard before joining the company.


Amount of Travel

Work At Home