Head of Risk Strategy

3 weeks ago

Teddington, Greater London, United Kingdom Department for Business and Trade Full time

Position Overview

Are you passionate about ensuring product safety and safeguarding communities? Do you possess the expertise to empower UK enterprises to flourish? If so, we invite you to explore this opportunity.

We are the Department for Business and Trade, dedicated to making regulations effective and impactful. Our role is to leverage regulation as a vital governmental instrument to rectify market failures, influence behaviors, and encourage constructive actions. When executed effectively, regulation serves as a catalyst for growth, innovation, and operational efficiency.

Since 2019, we have been cultivating a dynamic and innovative team that commands respect and influence within a growing organization, recently expanding our scope to include the regulation of construction products.

Our Mission: To serve as a reliable product regulator for the UK.

Our Objective: To lead in exemplary regulatory practices and advocate for local regulation.

For more details, please visit our website.

We prioritize merit-based recruitment, adhering to the Civil Service Commission's principles of fair and open competition. We value diversity and are committed to equality of opportunity, striving to build a team that reflects a variety of backgrounds, perspectives, and skills. We offer a guaranteed interview scheme for candidates with disabilities who meet the minimum selection criteria.

Inclusivity Commitment

We are dedicated to fostering an inclusive workplace that promotes equal opportunities. We aim to create a diverse workforce and recognize the importance of inclusivity in achieving optimal outcomes. We encourage applications from all underrepresented groups.

We ensure that individuals with disabilities receive reasonable accommodations to participate in the application or interview process, perform essential job functions, and access employment benefits. Please reach out to us for accommodation requests.

Role and Team Dynamics

The Strategic Risk Lead is a pivotal and multifaceted position that demands a diverse range of skills and competencies. The successful candidate will significantly contribute to shaping and executing the strategic goals of the Risk Team, enhancing risk capabilities throughout the organization.

The Risk Team is responsible for equipping the Department with the methodologies, tools, expertise, and support necessary for effective risk-based regulation of non-compliant products, which are often intricate and novel. Externally, we ensure the UK’s system for identifying, assessing, and managing consumer product risks operates efficiently, intervening when necessary to enhance the system. Our team is driven by scientific evidence, and if you have a strong interest in product safety, construction products, connected devices, or environmental impacts, and enjoy problem-solving, this role will be particularly appealing.

As the Strategic Risk Lead, you will oversee the execution of critical work streams and projects. You will collaborate with various teams across the Department and engage in some of our most prominent initiatives and challenges. You may also serve as a deputy for the functional team leader and provide support across the Risk Team.

Your expertise and analytical skills will be essential in delivering innovative and effective strategies and solutions. You will be part of a vibrant, professional team and will have access to formal training and development opportunities.

We are an ambitious team committed to excellence, and the strength of the Risk Team lies in our diverse backgrounds. If you are passionate about risk management and safeguarding communities but do not fully meet the essential criteria, we encourage you to apply and explain how your unique skills align with the objectives of the Risk Team.

Key Responsibilities

  • Lead the execution of key risk work streams and projects, serving as the principal lead for sector-related activities and developing risk-based capabilities.
  • Act as a primary source of expertise within the Department on product risk, utilizing established methodologies and leading the development of new approaches as necessary.
  • Implement a program of effective risk-based strategies across the Department’s responsibilities, including designing training programs and fostering cross-Department expertise in risk management.
  • Oversee the information and knowledge requirements to achieve effective risk-based outcomes, identifying evidence gaps and research needs, and collaborating with relevant teams to address these.
  • Ensure adherence to quality assurance, monitoring, and evaluation principles concerning Risk Team activities, implementing processes to achieve desired outcomes.
  • Lead initiatives on behalf of the Department as a regulatory authority in delivering effective risk-based approaches and best practices for other product safety regulators.
  • Maintain key stakeholder relationships within industry, international regulators, and other governmental departments to support Team and Department objectives.
  • Collaborate closely with internal colleagues, particularly in the Targeting and Enforcement Directorates, to assess emerging issues and provide guidance.
  • Take a lead role in reactive work as it arises, including serving as the principal risk lead during incidents.
  • Manage line and/or matrix responsibilities as required.

Skills & Experience

Essential Criteria

  • Strong understanding of product risk and relevant risk assessment methodologies.
  • Exceptional research and report writing skills, with the ability to analyze complex datasets and make informed recommendations amidst uncertainty.
  • Capability to comprehend and apply technical information across diverse sectors to resolve complex issues, including emerging challenges.
  • Demonstrated leadership abilities, with a willingness to challenge the status quo and influence outcomes.
  • Ability to collaborate effectively and maintain constructive relationships with a wide range of stakeholders.
  • Excellent communication, influencing, and interpersonal skills.

Desirable Criteria

  • Interest in behavioral decision science and/or risk and probability theory.
  • Experience in a regulatory environment.
  • Solid understanding of risk management principles.

Behaviors

We will evaluate candidates against these behaviors during the selection process:

  • Making Effective Decisions
  • Communicating and Influencing
  • Delivering at Pace
  • Managing a Quality Service

Benefits

In addition to a competitive salary, the Department for Business and Trade contributes significantly towards your membership in the Civil Service Defined Benefit Pension scheme.

  • Tailored learning and development opportunities.
  • Flexible working arrangements.
  • A culture that promotes inclusion and diversity.
  • An average employer contribution of 27% towards your pension.

We recognize the challenges faced by individuals with protected characteristics in the job market and career advancement. We are committed to being an inclusive employer and ensuring equal opportunities, actively seeking applications from underrepresented groups.

For further information on our benefits, please refer to the attached candidate pack.

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