Project Risk Manager

Job Title : Risk Manager - Project Location : Saudi ArabiaRole PurposeThe Risk Manager is responsible for risk-informed decision-making, conducting qualitative and quantitative risk analyses, and supporting Project Control Director and senior leadership in protecting project objectives related to cost, schedule, quality, safety, and contractual performance.The role acts as a strategic business partner to project leadership by providing objective risk insights, facilitating risk treatment initiatives, and ensuring that risk responses are effectively implemented and translated into measurable project outcomes.DUTIES PREFORMED Key AccountabilitiesKey ActivitiesProject Risk Management Framework & GovernanceDevelop, implement, and maintain project risk management frameworks, procedures, methodologies, and reporting standards across projects.Establish project risk registers and ensure 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.Risk Analysis & Quantitative AssessmentDevelop, implement, and maintain project risk management frameworks, procedures, methodologies, and reporting standards across projects.Establish project risk registers and ensure 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.Risk Treatment & Mitigation ManagementDevelop, implement, and maintain project risk management frameworks, procedures, methodologies, and reporting standards across projects.Establish project risk registers and ensure 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 implementation of agreed risk treatment actions and escalation of unresolved issues.Project Leadership Support & Stakeholder ManagementAct 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.Promote a proactive risk management culture throughout the organization.Risk Reporting, Assurance & Continuous ImprovementPrepare 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.JOB SPECIFICATIONSIndustry / DomainConstructionNecessary Knowledge and ExperienceMinimum 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 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.Education and Certification Minimum RequirementsBachelor’s degree in civil engineering, Construction Engineering, Project Management, or related discipline.PMI-RMP (Project Management Institute – Risk Management Professional) Certification is mandatory.Master’s degree in engineering, Construction Management, Project Management, or Business Administration is preferred.Additional certifications such as PMP, CCP, PSP, MRICS, or equivalent are advantageous.Job Specific Technical SkillsProject Risk Management Framework Development.Qualitative and Quantitative Risk Analysis.Schedule Risk Analysis (SRA).Cost Risk Analysis (CRA).Monte Carlo Simulation Modelling.Risk Register Development and Management.Risk Mitigation Planning and Implementation.Contingency Assessment and Management.Risk-Based Forecasting and Scenario Analysis.Executive Risk Reporting and Dashboard Development.Primavera P6.Primavera Risk Analysis.Safran Risk.RIB Candy.Advanced Microsoft Excel and Data Analytics.Stakeholder Management and Facilitation Skills.Leadership, Negotiation, and Strategic Decision Support.