1. Purpose of the Job
The role of Risk Analyst will be to carry out quantitative risk assessment (QRA) for both schedule and cost to support all aspects of the Crossrail programme commissioning stages (1-5) and support functions including commercial, finance, cost and planning.

The Risk Analyst will support the Crossrail head of risk management and risk managers at both Programme and project levels and take ownership of schedule and cost risk analysis.

The Risk Analyst will produce reports and present the output of schedule and cost risk analysis and the impacts on specific Crossrail programme commissioning stages (1-5).

2. Principal Accountabilities
* Quantitatively analyse the risk exposure of threats, opportunities and issues that could affect the Crossrail programme commissioning stages (1-5).
* Check that risks are regularly reviewed by their owners and that risk information held on ARM is accurate and up to date, including inputting of data as required.
* Quantitatively model identified cost and schedule risks ensuring that Crossrail programme quantitative risk models are robust and auditable.
* Produce quantitative cost analysis of the financial risk exposure to the Crossrail programme Commissioning stages (1-5) based on the outputs of facilitated workshops.
* Produce quantitative schedule scenarios for risk exposure to the Crossrail programme commissioning stages (1-5) based on the outputs of facilitated workshops.
* Produce an integrated assessment of both cost and schedule ensuring the link between both has been reliably assessed.
* Work with the Crossrail head of risk management, risk managers, project managers, cost managers and commercial managers to carry out cost and schedule analysis as and when required.
* Coordinate, facilitate and provide support to industry partners and PDTs around the input of cost and schedule risk.
* Actively promote the awareness and application of risk management across the organisation, helping to establish a pro-active risk management culture throughout the Crossrail Programme.
* Take reasonable care of your own and others' health and safety and of those who may be affected in the day-to-day delivery of this role by taking personal responsibility for working to the Crossrail Target Zero principles.
* Co-operate with Crossrail in all matters relating to health and safety, including following safe working procedures at all times
* Act as a role model for Crossrail's vision and values, behaving in ways that are in alignment with Crossrail's Ways of Working. Encourage and support others to do so too
* Promote equality in the workplace and adopt appropriate behaviour when interacting with colleagues
* Take necessary care to properly protect the confidentiality, integrity and availability of corporate information from unauthorised disclosure, modification or destruction. Never knowingly put Crossrail's information or information systems at risk

3. Main Challenges of the Job
* To produce high quality assessments of risk exposure against the Crossrail programme commissioning stages (1-5) that can be accepted as a reliable basis of decision making by the Crossrail head of risk management, head of programme controls and finance director.
* Support the management of risks associated with Crossrail programme commissioning stages (1-5) and integration of an end-to-end railway as the project moves into its final stage through quantitative cost and schedule analysis.
* To deliver high quality quantitative risk information for both cost and schedule that demonstrate an understanding of the risk impacting the Crossrail Programme Commissioning Stages (1-5)

4. Dimensions & Interfaces (Internal and External)
* There is no direct budgetary or resource management responsibility associated with this role.
* Key interfaces include:
* Head of Risk Management
* Head of Programme Controls
* Risk Managers
* PDT Project Managers
* Finance team
* Cost Team
* Commercial Team
* External Stakeholders
* Industry Partners


5. Person Specification
* Numerate qualification to degree level, or equivalent training and experience.
* Risk management experience in a large engineering construction project.
* A good understanding of cost estimating and project planning techniques.
* Experience and practical knowledge of project risk management and quantitative risk assessment techniques.
* Facilitation experience and good understanding of facilitation techniques.
* Experience of conducting schedule and cost risk assessment
* Ability to produce risk models in @Risk and Primavera Risk Analysis (Pertmaster)
* Experience with Active Risk Manager (ARM) or similar risk database.
* Ability to implement risk management processes and develop appropriate risk mitigation strategies.
* Experience in the use of computer software products (including Microsoft Word, Excel, PowerPoint, Visio and Access).
* Excellent communication skills, both written and oral.