Seeking a talented and experienced
Lead Specialist - Projects Risk Management/Risk Manager that will play a crucial role in identifying, assessing, and managing project risks throughout the project lifecycle to minimize potential impacts on project objectives and outcomes. He/She will be responsible for the overall project risk management function, providing leadership, integration and management of risk management processes to improve the consistency and efficiency of the Program/project's delivery.
Key Responsibilities
- Conduct comprehensive risk assessments across projects, identifying potential risks and their implications and assessing the project, s risks and opportunities, developing cost effective mitigation strategies and contingency plans
- Develop Detailed Risk Management Plan, risk register, project Risk reports, dashboards, and executive updates for senior management and all stakeholders
- Develop risk mitigation strategies and action plans to address identified risks, working closely with project teams to implement and monitor risk mitigation measures
- Provide risk management guidance and support to project Directors, Senior managers, and other stakeholders, including training, coaching, and facilitation of risk workshops and Risk review meetings
- Facilitate risk workshops to identify emerging risks, evaluate risk controls, and develop contingency plans as needed.
- Monitor and review project risks regularly, updating risk registers, tracking risk treatment actions, and communicating risk status and trends to senior management and stakeholders
- To promote a risk-aware culture Provide training, coaching and mentorship and contributes to the continuous improvement of risk management processes, tools, and systems, collaborating with internal teams to enhance risk awareness and effectiveness
- Liaise with Government agencies and regulatory authorities and project stakeholders to ensure alignment of risk management practices and requirements with project objectives and contractual obligations
- Provides outreach oversight to the risk management program/Projects activities concerning day to day performance of the work scope
- Evaluate and quantify risks using quantitative techniques (e.g., Monte Carlo simulations) and give recommendations and monitor risk mitigation and contingency strategies to reduce impact on project cost, time, and quality
- Ensure that risk management practices comply with relevant industry standards and regulations and compliance with international risk management standards (e.g., ISO 31000)
- Calculate Risk allowances and Contingency through Quantitative Schedule and cost Risk Analysis and coordinate with Planning, Project control and cost department for their allocation and management within baselines
- Ensure schedule adherence and cost efficiency across all project phases and Support decision-making on technical, financial, and operational risks.
- Perform other duties as requested by Senior Risk Manager and Management
Qualifications & Requirements
- Minimum 15 years of experience in risk management within relevant project scopes (construction, infrastructure, or mega projects)
- Bachelor's degree in civil engineering, Construction Management, Risk Management or related field
- Strong understanding of risk management methodologies, tools, and international standards
- Proven experience working on large-scale or complex developments
- Excellent analytical, communication, and stakeholder management skills
- Professional certifications (e.g., PMP-RMP, ISO 31000)
- Saudi nationals are preferred
