Job title: Head of Credit Risk
Job type: Contract
Emp type: Full-time
Industry: Public Sector
Pay rate: Negotiable
Location: Aberdeen
Job published: 06-11-2025
Job ID: 36114
Phone number: +447901913560
Contact email: tom.miller@vargogroup.co.uk

Job Description

Head of Risk

Aberdeen (or Edinburgh)

Hybrid (2 days on site)

12 Month Contract

Up to £950/Day Rate (Inside IR35)

 

Overview

Our energy client is looking for a Head of Risk to build, implement, and lead its enterprise-wide risk management (ERM) function. This foundational role will establish the organisation's risk capability, with a strong focus on governing financial and investment activities.

 

Key Responsibilities

  • Strategic Development: Design and deploy a comprehensive ERM framework and risk appetite statements aligned with the Board's objectives.

  • Capability Building: Establish the internal risk function, team, and systems; manage external advisory support.

  • Financial & Investment Risk:

    • Lead the identification, monitoring, and analysis of credit, market, liquidity, and counterparty risks.

    • Oversee risk-adjusted performance analysis for the entire portfolio (equity, infrastructure, loans, grants).

    • Conduct robust stress testing and scenario analysis.

  • Governance & Oversight:

    • Provide second-line oversight and challenge on new investment proposals and portfolio performance.

    • Maintain the strategic risk register and produce comprehensive reports for the Board and Audit & Risk Committee.

  • Culture & Compliance:

    • Embed a risk-aware culture through effective training and engagement.

    • Ensure all activities comply with UK financial regulations.

 

Essential Criteria

  • Extensive experience in financial risk management within investment banking, infrastructure finance, or public investment institutions.

  • Expertise in credit risk, market risk, and portfolio risk modelling.

  • Strong knowledge of UK regulatory frameworks and public-private investment structures.

  • Professional qualifications such as FRM, CFA, or PRM.

 

Desirable Criteria

  • Experience in renewable energy or infrastructure sectors.

  • Familiarity with government reporting and assurance requirements.

  • Experience in start-up environments.

  • Background in investment funds or wealth organisations.

  • Knowledge of revaluation and economic capital modelling.

 

 

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