Portfolio Risk Manager

Babcock International; West of England; Hybrid; GBP 50,000 - 61,000; Full time

Benefits offered by this job

Generous holiday 25 days

Pension with life assurance

Digital GP and health checks

Professional Fees paid

Reservists leave

Homeworking up to 3 days

Job summary

Babcock International is seeking a Portfolio Risk Manager to lead risk identification, assessment and mitigation across the Advanced Planning Department. You will support multiple projects and collaborate with diverse sites to embed robust risk frameworks and governance.

The role requires experience in complex environments, strong stakeholder skills, and the ability to deliver timely risk reports. Hybrid working with two onsite days is available, with occasional site travel.

Qualifications

• Demonstrable experience in risk management within a complex project, programme or operational environment.
• Proven ability to identify, assess, manage and mitigate risks across projects, programmes or portfolios.
• Strong stakeholder management skills with experience working across multiple teams and disciplines.
• Experience maintaining risk registers and producing high-quality risk reporting and analysis.
• Proven track record of delivering accurate work to agreed timescales and business requirements.

Responsibilities

• Managing risk profiles across projects and programmes, ensuring risks are identified, assessed and effectively mitigated.
• Developing and maintaining departmental risk frameworks covering capability, capacity and training requirements.
• Gathering, scoring and monitoring risks across multiple work packages, ensuring controls and mitigation plans are in place.
• Analyzing programme and portfolio risks, identifying trends, dependencies and potential impacts on delivery.
• Liaising with stakeholders to support governance, risk reporting and informed decision-making.

Skills

Risk management

Stakeholder management

Risk reporting

Portfolio risk

Education

APM Project Risk Management Level 2

PRINCE2 Risk Management

Tools

PRINCE2

Job description

Job Title: Portfolio Risk Manager

Location: Bristol, Devonport or Clyde
Compensation: £55,800 DOE

Role Type: Full time / Permanent Role ID: SF76898

Do you want to help us in our mission, creating a safe and secure world together, whilst working on projects that are truly unique?

The Royal Navy rely on our engineering, project management and digital teams to keep their submarines at sea and submariners safe. They Protect our Nation and we help to Protect them.

At Babcock we have a true culture of opportunity - with business contracts that last decades and structured career development pathways that can take you in all kinds of directions; you will grow, develop, and achieve more than you ever thought possible. There has never been a better time for you to join Babcock Submarine Support and play your part in protecting the protectors.

The Role

As a Portfolio Risk Manager, you'll lead the identification, assessment and management of risks across the Advanced Planning Department, supporting a growing portfolio of programmes and projects. Working closely with stakeholders across multiple sites, you'll develop and maintain robust risk frameworks, provide independent insight into potential threats and opportunities, and ensure effective mitigation strategies are embedded throughout project delivery. Your work will directly support better decision-making, stronger governance and successful programme outcomes across the defence sector.

What you'll do:

• Managing risk profiles across projects and programmes, ensuring risks are identified, assessed and effectively mitigated.


• Developing and maintaining departmental risk frameworks covering capability, capacity, training requirements and organisational growth.


• Gathering, scoring and monitoring risks across multiple work packages, ensuring appropriate controls and mitigation plans are in place.


• Analysing programme and portfolio risks, identifying trends, dependencies and potential impacts on delivery.


• Liaising with a wide range of stakeholders to support governance, risk reporting and informed decision-making.

You will work 35 hours per week and can be based at one of our key locations Bristol, Devonport or Clyde. Hybrid working patterns are available with a minimum of two days per week onsite. Travel to other Babcock sites will be expected as business needs require.

What you'll need:

Essential experience of the Project Risk Manager:

• Demonstrable experience in risk management within a complex project, programme or operational environment.


• Proven ability to identify, assess, manage and mitigate risks across projects, programmes or portfolios.


• Strong stakeholder management skills with experience working across multiple teams and disciplines.


• Experience maintaining risk registers and producing high-quality risk reporting and analysis.


• Proven track record of delivering accurate work to agreed timescales and business requirements.

Qualifications for the Project Risk Manager:

• Hold a recognised risk management qualification, such as Association for Project Management Project Risk Management Level 2, PRINCE2 Risk Management, or an equivalent qualification supported by relevant practical experience.

Security Clearance

The successful candidate must be able to achieve and maintain Security Check (SC) security clearance for this role.
Many of the positions within our company are subject to national security clearance and Trade Control restrictions. This means that your eligibility for certain roles may be affected by your place of birth, nationality, current or former citizenship, and any residency you hold or have held. Further details are available at United Kingdom Security Vetting: clearance levels - GOV.UK ( www.gov.uk )

Our Benefits

We offer you fantastic total rewards, and the ability to have real flexibility - including working from home up to 3 days a week, and a 9 day fortnight' working pattern. It's what sits at the heart of our fantastic and friendly environment, where you'll feel truly welcome.

• Generous holiday allowance of 25 days plus bank holidays


• Contributory Pension scheme, with life assurance


• Access to a Digital GP, annual health check, and nutritional consultations through Aviva DigiCare+


• Payment of Professional Fees


• Reservists in the armed forces receive 10-days special paid leave

Babcock International

For over a century Babcock International has helped to defend nations, protect communities, and build a better world. To continue, we must adapt, advance and be a sustainable business with a shared goal.

If you have a disability or need any reasonable adjustments during the application and selection stages, please let us know. We are committed to building an inclusive culture where everyone's free to thrive. We are happy to talk about flexible working - please ask about alternative patterns of work at interview.

Closing Date: 20/11/2026