Project Risk Manager

Job description

About the Role the employer is seeking a Risk Manager - Project to join their team in Riyadh, Saudi Arabia. This full-time role is crucial for ensuring risk-informed decision-making and supporting Project Control Directors and senior leadership in safeguarding project objectives related to cost, schedule, quality, safety, and contractual performance. The Risk Manager will act as a strategic business partner, providing objective risk insights and facilitating effective risk treatment initiatives. Key Responsibilities Develop, implement, and maintain project risk management frameworks, procedures, methodologies, and reporting standards across projects. Establish and manage project risk registers, ensuring risks and opportunities are identified, assessed, owned, and managed throughout the project lifecycle. Facilitate risk workshops, brainstorming sessions, and periodic risk reviews with project teams and stakeholders. Ensure alignment of project risk management practices with corporate governance requirements and international best practices. Monitor risk management maturity and drive continuous improvement initiatives across projects. Hold stakeholders accountable for the implementation of agreed risk treatment actions and the escalation of unresolved issues. Act as a trusted advisor to Project Directors, Project Managers, and senior leadership on project risk exposure and mitigation strategies. Support strategic decision-making through risk-based analysis and scenario planning. Engage with clients, consultants, subcontractors, and joint venture partners regarding project risks and mitigation initiatives. Facilitate communication of key project risks and opportunities across all project stakeholders. Prepare executive-level risk reports, dashboards, heat maps, and trend analyses. Present risk exposure assessments and recommendations to project and executive management. Monitor key risk indicators (KRIs) and project performance trends. Support project audits, reviews, and assurance activities related to risk management. Benchmark risk management practices and recommend improvements based on lessons learned and industry best practices. Required Qualifications and Experience Minimum of 15 years of construction industry experience, including at least 10 years in dedicated Project Risk Management roles and 5 years in managerial positions. Previous hands-on project delivery experience as a Construction Engineer, Site Engineer, Planning Engineer, Scheduler, Cost Engineer, or Cost Control Engineer. Proven experience on large-scale Design & Build, EPC, infrastructure, industrial, and civil mega projects from a contractor perspective. Extensive knowledge of project controls, planning, scheduling, cost management, engineering, procurement, construction, and contract administration. Advanced expertise in Qualitative Risk Assessment, Quantitative Risk Analysis, Schedule Risk Analysis (SRA), Cost Risk Analysis (CRA), Monte Carlo Simulations, Contingency Modelling, and Risk-Based Decision Support. Demonstrated ability to lead risk treatment initiatives and ensure successful implementation of mitigation measures. Strong capability to influence project teams, challenge assumptions constructively, and drive a proactive risk management culture. Proven experience supporting Project Directors and Executive Management in strategic decision-making. Strong understanding of international project risk management standards and best practices. Work Environment This role is based in Riyadh, Saudi Arabia, and operates on a full-time basis within the construction industry. The successful candidate will work within a dynamic environment, collaborating with various project stakeholders and senior leadership

Requirements

• Required Qualifications and Experience Minimum of 15 years of construction industry experience, including at least 10 years in dedicated Project Risk Management roles and 5 years in managerial positions.
• Previous hands-on project delivery experience as a Construction Engineer, Site Engineer, Planning Engineer, Scheduler, Cost Engineer, or Cost Control Engineer.
• Proven experience on large-scale Design & Build, EPC, infrastructure, industrial, and civil mega projects from a contractor perspective.
• Extensive knowledge of project controls, planning, scheduling, cost management, engineering, procurement, construction, and contract administration.
• Demonstrated ability to lead risk treatment initiatives and ensure successful implementation of mitigation measures.
• Strong capability to influence project teams, challenge assumptions constructively, and drive a proactive risk management culture.
• Proven experience supporting Project Directors and Executive Management in strategic decision-making.

Skills