Job Summary
- The Technical Risk Management Lead is responsible for the independent oversight, identification, assessment, and mitigation of engineering and operational risks across the Company’s power generation assets.
- The role provides structured risk governance over critical plant systems, including boilers, turbines, generators, electrical systems, control and instrumentation infrastructure, balance-of-plant equipment, and major outages.
- It ensures that technical risks capable of causing forced outages, asset degradation, safety incidents, regulatory breaches, or loss of generation capacity are proactively identified, evaluated, and controlled in alignment with the Company’s risk appetite.
Key Duties and Responsibilities
Technical Risk Governance:
- Lead implementation of the Technical Risk Management Framework across generation and engineering functions.
- Maintain and update the Technical Risk Register and Critical Asset Risk Profile.
- Define and monitor risk tolerance levels for critical plant systems.
- Escalate material technical risks to the stakeholders.
Risk Identification and Assessment:
- Conduct structured technical risk assessments (HAZID, HAZOP, FMEA, RBI, vulnerability assessments).
- Identify risks capable of causing forced outages, asset failure, safety incidents, or regulatory breaches.
- Evaluate likelihood, impact, and control effectiveness using risk-based methodologies.
- Review engineering changes and major maintenance activities from a risk perspective.
Risk Mitigation and Control:
- Develop practical risk mitigation plans with the Engineering and Operations teams.
- Monitor implementation and closure of mitigation actions.
- Independently assess the design and operating effectiveness of technical controls.
- Track high-risk items and ensure timely resolution.
Compliance and Standards:
- Ensure technical risk processes align with Enterprise Risk Management standards.
- Support compliance with applicable regulatory, ISO, and internal governance requirements.
- Participate in internal and external audits relating to technical risk and reliability.
Reporting and Continuous Improvement:
- Prepare monthly and quarterly technical risk dashboards from the BarnOwl risk software.
- Present key risk exposures and mitigation status to management.
- Provide independent assurance on the effectiveness of technical risk controls.
Risk Culture & Capability Development:
- Promote risk-informed decision-making within engineering and maintenance teams.
- Provide technical risk guidance and training where required.
