Average Risk Manager salary in the UK

Who we are Grant Thornton’s Agile Talent Community is a network of contract professionals, giving you the opportunity to work with our clients alongside Grant Thornton teams on a project-by-project basis whilst being supported by our dedicated Agile Talent team. You can choose to work with Grant Thornton as an Independent Consultant either through your own limited company or on inside IR35 terms. Joining us in Financial Services Advisory What we doOrganisations are faced with evolving strategic, financial, operational and technological challenges. We provide the advice necessary to help clients manage risk, realise opportunities and improve their business performance.Our partner-led teams include former financial directors, chief operating officers, corporate development directors, and chief actuaries. We are client-focused, advising both financial services organisations and a wide variety of secondary market businesses.We leverage our comprehensive experience to provide a complete and holistic service to our clients.By prioritising the highest quality work, adding value through our offerings, and leveraging our agile approach, we strive to go above and beyond.Joining the Agile Talent Community as an Actuarial Risk Manager, you will have the freedom to work on projects that you choose, whether full or part-time within Financial Services Advisory and support our clients and internal teams on short to medium-term assignments.Skills we are looking forLead actuarial workstreams across risk, capital and reserving projects for multiple clients.Deliver robust second-line challenge and independent viewpoints on actuarial assumptions and modelling decisions.Produce high-quality reporting for senior leadership, Boards, Risk Committees and regulators.Coordinate model validation activities and support model improvements.Identify control gaps and recommend pragmatic enhancements.Build trusted relationships across client teams.What’s in it for you Development: Your development is important to us and as part of the Agile Talent Community you will be able to work alongside our permanent teams as well as our clients, giving you variety and opportunity to develop new skills. Our team is here to support you, with finding new projects as well as navigating the freelance regulation.Engagement: As a member of our Community, you will also be invited to events, which can help your wellbeing, educate you about the market you operate in, help you connect with the business as well as other members of the Community.Doing what’s right ahead of what’s easyEmbracing uniqueness, the culture at Grant Thornton thrives on the contributions of all our people and those who work alongside our teams, we never settle for what is easy, we look beyond to deliver the right thing, for everyone.Building an inclusive culture, where we value difference and respect each other helps everyone to perform at the best of their ability and realize their potentialHow to join You’ll first apply through our application website. We’ll ask you for your CV and some basic details. If your skills match what we are looking for, one of our recruiters will get in touch and walk you through the interview process. If there’s interest to continue, we’ll invite you to an interview with some of our key business leads. If successful, the final step will be to complete the onboarding process and background checks. We strive to ensure all our information, products, and services are accessible to everyone. If you need any adjustments to our processes to help you apply for our roles, please speak to the recruiter during the application process.

Project Risk Manager - Energy SectorLocation: Remote / Hybrid with occasionally visits to BirminghamContract Type: Contract (6 months+)About the RoleAs the energy sector undergoes rapid transformation - from large-scale renewables to complex infrastructure upgrades - effective risk management has never been more critical. We're looking for a Project Risk Specialist who can embed themselves within high-profile energy projects and drive robust, forward-looking risk practices that support safe, efficient, and resilient delivery.This is an opportunity to influence major programmes that contribute directly to the UK's energy security, decarbonisation goals, and long-term sustainability.Key Responsibilities* Actively integrate within multidisciplinary project teams, attending project meetings and building strong, trusted relationships with Project Directors and Senior Project Managers across generation, transmission, distribution, or renewable energy portfolios.* Lead and facilitate risk workshops, providing constructive challenge and assurance to ensure risks are fully understood, well-articulated, and effectively managed.* Coordinate pre-work and follow-ups with stakeholders to ensure workshops are productive and aligned with project milestones.* Develop and present monthly project risk dashboards, offering clear insights into risk exposure, trends, and potential impacts on cost, schedule, safety, and regulatory compliance.* Support Quantitative Risk Assessments (QRAs), applying a solid understanding of probabilistic techniques to help inform investment decisions, contingency setting, and scenario planning.* Maintain the Active Risk Manager (ARM) system, ensuring accurate, timely, and high-quality data feeds into monthly reporting cycles and governance forums.* Engage with the wider risk community, sharing best practice, contributing to continuous improvement, and supporting colleagues across the energy portfolio.About YouYou bring a strong grounding in project risk management, ideally gained within the energy, utilities, infrastructure, or engineering sectors. You're confident engaging with technical and non-technical stakeholders, comfortable challenging assumptions, and motivated by helping major projects deliver safely, sustainably, and on time.You'll thrive in this role if you enjoy working in a sector that is evolving rapidly and want to contribute to projects that have real national impact.What We Offer* The chance to work on flagship energy projects shaping the UK's future* A collaborative, inclusive environment with a strong safety and sustainability culture* Professional development opportunities, including risk, QRA, and project controls training

Are you a Credit Risk Manager with proven experience developing and validating retail credit risk models under IFRS 9 and/or IRB ideally within Tier 1 banks, challenger banks, or consultancies?Have a deep understanding of PRA and EBA guidelines and Basel regulatory frameworks plus strong programming skills in Python, SAS, and SQL?Do you live within a commutable distance of Central London and seeking a new Credit Risk Manager opportunity offering a competitive salary, hybrid working and 1st class benefits? Our client is a leading financial consultancy with a fantastic opportunity for an experienced Credit Risk Manager to join them and lead the development of retail credit risk models under IFRS 9 and IRB frameworks.This would be a superb move for a highly skilled risk professional to take ownership of end-to-end model development while managing a talented team of Senior Consultants. The successful candidate will report directly to the Partner/Technical Director and play a key role in delivering regulatory-compliant, business-relevant credit risk models to major banking clients and the key responsibilities are summarised below:-Lead the design, enhancement, and maintenance of retail credit risk models (PD, LGD, and EAD) under IFRS 9 and IRB.Manage and mentor a team of Senior Consultants to deliver high-quality, robust, and compliant modelling solutions.Ensure all models meet PRA, EBA, and Basel 3.1 regulatory standards.Conduct and review statistical analysis, calibration, back-testing, and monitoring to ensure model accuracy and performance.Provide technical expertise in Python, SAS, and SQL for model development and validation.Engage confidently with regulators, validation teams, and senior stakeholders, communicating complex results clearly.Promote innovation by integrating machine learning and advanced analytics into modelling approaches.Oversee project timelines, resources, and deliverables to meet internal and client expectations.Contribute to training, mentoring, and capability development across the modelling team.Maintain full documentation and governance across all model risk management activities.Our client would be particularly interested in candidates with an MSc or PhD in a quantitative field (e.g. Mathematics, Statistics, Economics, or Finance) who has developed & validated retail credit risk models under IFRS 9 and/or IRB ideally within a banking or consultancy environment, You should also have a solid grasp of statistical techniques such as logistic regression, survival analysis, and machine learning as well as excellent stakeholder management and communication skills. Experience of managing or mentoring analysts or consultants in a modelling environment would also be an advantage as well as 1st class project management and organisational abilities.This is an excellent opportunity to take on a leadership role within a high-performing consultancy known for technical excellence and strong regulatory relationships. The role offers career progression, diverse project exposure, and flexible working options.Interested?Then please forward your CV now for further details and consultation.