Corporate Risk Management Specialist (Non-Finance)

Sobha Siniya Island; Umm Al Quwain; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading real estate development firm in Umm al-Quwain is seeking a Risk Manager to oversee risk identification, mitigation, and compliance. The role requires a minimum of 8–12 years of experience in risk management within the construction sector and strong analytical skills. Candidates must hold a relevant bachelor’s degree, with a master’s preferred. This position offers an opportunity to influence project success through effective risk management and reporting.

Qualifications

• Minimum 8–12 years of experience in risk management within real estate development or construction projects.
• Strong understanding of project lifecycle, cost control, scheduling, safety, and compliance frameworks.
• Experience in Enterprise Risk Management (ERM) and ISO 31000 standards preferred.

Responsibilities

• Develop and maintain a comprehensive Risk Register for all ongoing projects.
• Identify key risks related to cost overruns, schedule delays, and safety incidents.
• Establish mitigation plans and assign accountability for critical risks.
• Conduct regular risk review meetings and update the management dashboard.

Skills

Strategic and analytical thinking

Cross-functional collaboration

Data-driven decision-making

Excellent analytical skills

Strong business acumen in real estate & construction

Education

Bachelor’s degree in Civil Engineering, Construction Management, Finance, or Risk Management

Master’s degree (preferred)

Tools

MS Excel

Power BI

Primavera Risk

Job description

1. Risk Identification & Assessment

• Develop and maintain a comprehensive Risk Register for all ongoing projects and corporate functions.
• Identify key risks related to cost overruns, schedule delays, safety incidents, environmental impacts, and contractual obligations.
• Conduct risk analysis (qualitative and quantitative) to evaluate probability, impact, and mitigation priorities.
• Perform site risk reviews and coordinate with project managers and engineers to identify field-level operational risks.

2. Risk Mitigation & Monitoring

• Establish mitigation plans and assign accountability for critical risks.
• Continuously monitor, track, and report risk exposure across projects and business units.
• Conduct regular risk review meetings and update the management dashboard.
• Evaluate effectiveness of controls and recommend process improvements to reduce exposure

3. Financial & Contractual Risk

• Work with the contracts and procurement teams to identify risks in vendor agreements, contractor liabilities, and insurance provisions.
• Support due diligence on land acquisitions, joint ventures, and third-party partnerships to identify financial and regulatory risks.
• Assess risk impact on project budgets, cost forecasting, and cash flow.

4. Compliance & Governance

• Ensure adherence to company policies, statutory obligations, and safety standards.
• Support internal and external audit activities related to project and operational risk.
• Maintain compliance with UAE regulations, environmental laws, and construction codes.

5. Reporting & Analytics

• Develop and present periodic risk reports to senior management, highlighting trends, emerging risks, and key mitigation actions.
• Use data analytics and visualization tools to forecast potential risk hotspots.
• Prepare executive-level summaries for Board and Project Steering Committee meetings.

Qualifications & Experience:

• Bachelor’s degree in Civil Engineering, Construction Management, Finance, or Risk Management (Master’s preferred).
• Minimum 8–12 years of experience in risk management within real estate development, construction projects.
• Strong understanding of project lifecycle, cost control, scheduling, safety, and compliance frameworks.
• Experience in Enterprise Risk Management (ERM) and ISO 31000 standards preferred.
• Proficiency in MS Excel, Power BI, Primavera Risk, or similar tools.
• Excellent analytical, communication, and presentation skills.

Key Competencies:

• Strategic and analytical thinking
• Strong business acumen in real estate & construction
• Cross-functional collaboration
• Data-driven decision-making
• Risk communication and reporting
• Attention to detail and governance mindset

Performance Indicators (KPIs):

• Reduction in high-impact project risks
• Timely updates of risk registers and mitigation reports
• Accuracy of risk forecasts and early warning alerts
• Compliance audit scores
• Stakeholder satisfaction with risk transparency