Head of Risk, -HYBRID

Role Overview

Our client is building a new risk function from the ground up, and as such we are supporting on the search for a Head of Risk, who will lead the design and implementation of an enterprise-wide risk management framework, with a strong focus on financial and investment risk. This job is available on a 12‑month fixed term contract, inside IR35. There is a possibility that the contract could extend.

This is a strategic and hands‑on leadership role, central to shaping the organisation's governance, investment oversight, and overall risk culture.

• Design and implement a comprehensive enterprise risk management framework.
• Define risk appetite and align it with Board and organisational objectives.
• Build internal capability and oversee any external advisory partnerships.
• Identify and monitor credit, market, liquidity, and counter party risks.
• Oversee risk‑adjusted performance for investments (equity, infrastructure, guarantees, loans, grants).
• Lead stress testing and scenario analysis.
• Ensure compliance with UK financial regulations.
• Maintain the strategic risk register and report to the Board and Audit & Risk Committee.
• Provide second‑line oversight and challenge for investment proposals.
• Embed risk practices across all teams.
• Develop and maintain risk policies, standards, and procedures.
• Enhance systems and analytics for risk reporting and management.
• Promote a risk‑aware culture across the organisation.
• Build and lead a high‑performing risk team, working closely with Investment and Development teams.

• Extensive experience in financial risk management within:
  • Investment banking
  • Infrastructure finance
  • Public investment institutions
• Expertise in credit risk, market risk, and portfolio risk modelling.
• Deep knowledge of UK regulatory frameworks and public‑private investment structures.
• Professional qualifications: RM, CFA, or PRM (or equivalent).
• The ideal candidate will have experience in renewable energy or infrastructure sectors, familiarity with government reporting and assurance, as well as experience in start‑up or newly established environments.
• A background in investment funds or wealth management would be advantageous, as would knowledge of revaluation and economic capital modelling.

If you are interested in a confidential discussion about this opportunity, or on your job search / the market in Scotland, please get in touch with Amy Peoples on  or