Risk Analyst

Trillium Rail Partners; Mississauga; Hybrid; CAD 85,000 - 120,000; Full time

Benefits offered by this job

Hybrid work

Job summary

Trillium Rail Partners in Mississauga is seeking a Risk Analyst to support the development of the Target Price for the ECWE SRS Project by delivering the Risk Management Plan and the end-to-end risk process defined in the plan. The role supports the Risk Manager to maintain a live risk register that aligns with project schedule, cost estimate, and TPA development inputs.

The position collaborates with the Estimating Team to validate risk cost impacts, uncertainty ranges, and cost inputs used in

Qualifications

• Experience working on major infrastructure projects.
• Understanding of cost estimates, schedule formats, means and methods, and design development stages.
• Ability to use structured cause event effect articulation of risks.
• Proficiency in MS Excel. Safran experience is an advantage.
• Ability to facilitate structured discussions and capture risk statements accurately.
• Understanding of Monte Carlo concepts for cost and schedule risk.
• Strong written documentation skills to maintain traceable and defensible risk data.

Responsibilities

• Support Risk Manager in implementing the risk management process across all scopes.
• Support risk identification workshops, risk update sessions, and working group meetings in line with RMP and development phase milestones.
• Develop and maintain the project risk register including status, allocation, scoring, and treatment plans.
• Support preparation of inputs for Qualitative and Quantitative Risk Assessments.
• Coordinate with Estimating Lead and Scheduling Manager to align probability and impact values with validated basis of estimate and basis of schedule.
• Work with Estimating Lead and Estimating Team to validate cost impact assumptions for risks and uncertainty.
• Support Estimating Team to define optimistic, most likely, and pessimistic cost ranges for risk events.
• Confirm that cost impacts of risks are traceable to CBS elements and not double counted.
• Support alignment between risk register updates and Basis of Estimate inputs through each Checkpoint.
• Support preparation of QCRA inputs and rationale documentation for cost ranges and sources.
• Track mitigation actions, support action owners, and update current and target state exposure.
• Support preparation of Risk Reports for governance meetings and checkpoint submissions.
• Maintain alignment of register updates with Lockdown dates and Checkpoint requirements.
• Support training and onboarding of discipline teams on risk process and templates.
• Support correct tagging of risks as Development Phase, Shared, Construction Execution or Adjustment Event.
• Maintain evidence for closure of risks and support transition of materialized risks to issue log.

Skills

Risk management

Risk identification

Risk analysis

Stakeholder facilitation

Project governance

Tools

MS Excel

Safran experience

Job description

About The Project

The Eglinton Crosstown West Extension will bring the Eglinton Crosstown LRT another 9.2 kilometres farther west, creating a continuous rapid transit line from the east end of Toronto into Mississauga. The Stations, Rail, and Systems (SRS) package encompasses the design, construction, integration, and commissioning of key project components.

The Eglinton Crosstown West Extension will bring the Eglinton Crosstown LRT another 9.2 kilometres farther west, creating a continuous rapid transit line from the east end of Toronto into Mississauga. The Stations, Rail, and Systems (SRS) package encompasses the design, construction, integration, and commissioning of key project components.

Position Overview

TRP has a current vacancy for a risk analyst to assist with the development of the Target Price for the ECWE SRS Project by supporting the delivery of the Risk Management Plan and the end to end risk process defined in the plan. The role supports the Risk Manager to maintain a live risk register that aligns with project schedule, cost estimate, and TPA development inputs. The role supports the integration of cost and schedule risk exposure into the Target Price position through both qualitative and quantitative assessments. The role works closely with the Estimating Team to validate risk cost impacts, uncertainty ranges, and cost inputs used in the QCRA and to ensure there is no duplicate or unsubstantiated cost exposure being carried in both the estimate and the risk register.

Key Responsibilities

• Support Risk Manager in implementing the risk management process across all scopes
• Support risk identification workshops, risk update sessions, and working group meetings in line with RMP and development phase milestones
• Develop and maintain the project risk register including status, allocation, scoring, and treatment plans
• Support preparation of inputs for Qualitative and Quantitative Risk Assessments
• Coordinate with Estimating Lead and Scheduling Manager to align probability and impact values with validated basis of estimate and basis of schedule
• Work with Estimating Lead and Estimating Team to validate cost impact assumptions for risks and uncertainty
• Support Estimating Team to define optimistic, most likely, and pessimistic cost ranges for risk events
• Confirm that cost impacts of risks are traceable to CBS elements and not double counted
• Support alignment between risk register updates and Basis of Estimate inputs through each Checkpoint
• Support preparation of QCRA inputs and rationale documentation for cost ranges and sources
• Track mitigation actions, support action owners, and update current and target state exposure
• Support preparation of Risk Reports for governance meetings and checkpoint submissions
• Maintain alignment of register updates with Lockdown dates and Checkpoint requirements
• Support training and onboarding of discipline teams on risk process and templates
• Support correct tagging of risks as Development Phase, Shared, Construction Execution or Adjustment Event
• Maintain evidence for closure of risks and support transition of materialized risks to issue log

Experience

• Experience working on major infrastructure projects
• Understanding of cost estimates, schedule formats, means and methods, and design development stages
• Ability to use structured cause event effect articulation of risks
• Proficiency in MS Excel. Safran experience is an advantage
• Ability to facilitate structured discussions and capture risk statements accurately
• Understanding of Monte Carlo concepts for cost and schedule risk
• Strong written documentation skills to maintain traceable and defensible risk data

This is a hybrid position with both office based and remote working. Attendance is required for in person workshops and working group meetings with Design, Construction, Estimating, Scheduling, and Commercial teams. Remote working is acceptable when there are no in person meetings or sessions scheduled.

At TRP, we are committed to providing an environment of mutual respect where equal opportunities are available to all applicants and teammates. Accommodation is available upon request for applicants throughout the recruitment and selection process.

We thank all applicants for their interest. However, only those selected for an interview will be contacted.