Risk Manager

Ferrovial; Birmingham; On-site; GBP 65,000 - 90,000; Full time

Job summary

Ferrovial BAM JV is seeking a proactive Risk Manager to lead risk and opportunity management across major UK infrastructure projects, including HS2 track work. You will drive risk assessment, quantification and reporting, ensuring contractual and project controls are robust.

The role requires extensive experience in risk management within construction, strong analytical skills with Primavera P6, and the ability to influence stakeholders across Commercial, Planning, Design, and Delivery teams.

Qualifications

• Substantial risk-management experience in infrastructure, rail or large construction projects.
• Experience with probabilistic risk modelling and Monte Carlo techniques (QSRA/QCRA).
• Advanced Excel skills for modelling and reporting.
• Strong written and verbal communication with stakeholders.

Responsibilities

• Lead risk and opportunity management across projects and interfaces.
• Maintain risk registers with quantified probabilities and mitigations.
• Coordinate risk workshops and challenge risk owners to robust evidence.
• Provide risk insights to support commercial and programme decisions.

Skills

Risk management

QSRA

QCRA

Primavera P6

Excel

Communication

Education

Degree or equivalent

Tools

Primavera P6 Risk Analysis

Safran Risk

Deltek Acumen Risk

Job description

Join Ferrovial: Where Innovation Meets Opportunity

Are you ready to elevate your career with a global leader in infrastructure solving complex problems and generating a positive outcome on people’s lives? At Ferrovial , we are not just a company; we are a community of innovators and trailblazers. Ferrovial is also leading the development of the New Terminal One at JFK International Airport. Ferrovial shares trade under the ticker symbol FER on two stock markets: Nasdaq in the U.S. (Nasdaq100 Index) and the Spanish Stock Exchanges (IBEX 35). Ferrovial is included in globally recognized sustainability indices such as the Dow Jones Best-in-Class Index. We operate in more than 15 countries and have a workforce of over 22,000 professionals worldwide. Ferrovial’s activity is carried out through our business units, including Highways, Airports, Construction, and Energy.

Ferrovial Construction is internationally recognized for its capacity to design and build civil engineering and construction projects, mainly in large transportation infrastructure. Its track-record to date includes more than 304 miles of tunnels, 11,930 miles of roads (including 2,485 miles of highways), 2920 miles of railroad lines (including 434 miles of high-speed railroads) and 16,994 miles of road maintenance and repair.

Why Ferrovial?

• Global presence, local impact : Be part of a company that is shaping the future of infrastructure worldwide, with challenging roles and projects that make a real difference.
• Collaborative excellence :Work alongside talented professionals in a collaborative environment where your ideas and contributions are valued.
• Inclusive Culture: Thrive in an innovative and respectful workplace that values every voice, celebrates what makes us unique and turns differences into innovation.
• Career growth : Benefit from global and cross-business unit mobility, with development processes designed to ensure your professional growth.
• Compelling benefits and employee wellbeing : Enjoy a comprehensive benefits package that rewards your hard work and dedication and take advantage of initiatives designed to support your physical and psychological health.
• Productivity tools : Utilize cutting-edge tools like Microsoft Copilot to enhance your productivity and efficiency.

Job Description:

Risk Manager

Ferrovial BAM JV has a strong track record of delivering major UK infrastructure projects and is now responsible for the track infrastructure across the full HS2 route.

The Risk Manager will lead risk and opportunity management across the Track North project, providing an integrated approach to risk identification, assessment, quantification, mitigation and reporting. The role will ensure contractual compliance, strengthen project controls and provide clear risk insight to support effective commercial and project decision-making.

Location: Birmingham

Key Responsibilities

Risk & Opportunity Management

• Lead Risk and Opportunity Management in line with Ferrovial-BAM Rail Systems JV procedures and project controls.
• Promote proactive risk management across Commercial, Planning, Design, Engineering, Procurement, Delivery, Quality, Safety, Environment, Interfaces and Stakeholder Management.
• Maintain an accurate Risk and Opportunity Register, ensuring risks and opportunities are identified, assessed, quantified, mitigated and assigned to accountable owners, with accurate inputs provided to the Business Unit Forecast (BUF).
• Maintain clear links between risks and opportunities, Early Warning Notices, Compensation Events, assumptions, constraints, changes and programme activities, avoiding duplication across registers.
• Ensure realised risks remain actively managed until their remaining exposure and associated commercial, programme and reporting impacts are resolved.
• Lead risk workshops and constructively challenge risk owners to ensure assessments and mitigations are robust and appropriately evidenced.
• Capture and apply lessons learned to strengthen future risk identification, assessment and mitigation.

Risk Analysis & Project Controls

• Lead Quantitative Schedule Risk Assessments (QSRA) and Quantitative Cost Risk Assessments (QCRA) in line with contractual and project requirements.
• Maintain the risk-management systems, templates and processes required under the Contract.
• Coordinate regular reviews of the risk-adjusted Estimate at Completion (EAC) with Commercial, Finance, Project Controls and discipline leads.
• Prepare time-phased risk-cost forecasts for integration into project and financial reporting.
• Analyse and explain movements in risk exposure between reporting periods, supported by updated assessments and evidence.
• Drive continuous improvement in risk reporting, including risk rationalisation, quantification and consistent treatment of open risks.

Reporting & Stakeholder Management

• Lead the monthly risk-reporting cycle, ensuring alignment across risk, cost, commercial, change, programme and internal forecasts.
• Lead or support monthly risk reviews with HS2, including preparation of information, responses to comments and management of agreed actions.
• Provide clear, evidence-based risk insight to the Project Director, Commercial team and wider leadership team to support informed decision-making.

Essential Experience

• Substantial risk-management experience within major infrastructure, rail, civil engineering or complex construction projects.
• Demonstrable experience of QSRA and QCRA, including probabilistic risk modelling and Monte Carlo simulation.
• Strong understanding of programme risk, critical path analysis, milestone confidence and schedule contingency.
• Experience working with Primavera P6 schedules and programme data; direct operation of P6 is desirable.
• Experience integrating risk with cost forecasting, EAC, change management and project reporting.
• Experience managing multidisciplinary risk and opportunity registers and leading risk workshops.
• Strong understanding of commercial and contractual risk within target-cost or collaborative infrastructure contracts.
• Experience engaging effectively with clients, auditors, senior stakeholders and risk owners.
• Ability to translate complex risk analysis into clear recommendations, decisions and actions.

Desirable Experience

• Previous experience on HS2 or another UK rail or major infrastructure programme.
• Experience of NEC contracts and CEMAR.
• Experience using Primavera P6 Risk Analysis, Safran Risk, Deltek Acumen Risk or comparable quantitative risk-analysis software.

Qualifications & Professional Competencies

Essential

• Degree or equivalent professional experience in Risk Management, Quantity Surveying, Commercial Management, Engineering, Construction Management, Project Controls or a related discipline.
• Advanced Excel skills.
• Strong written and verbal communication skills.

Desirable

• Membership of APM, IRM, RICS, CICES or an equivalent professional body.
• Recognised risk-management or project-management qualification.

*Please note that this job description does not represent a comprehensive list of activities and employees may be requested to undertake other reasonable duties.

Seize the challenge. Move the world together! Innovative, creative, respectful, and diverse are some of the ways we describe ourselves. We are motivated by challenges, and we collaborate across our business units to move the world together. Your journey to a fulfilling career starts here!

Ferrovial is an equal opportunity employer. We treat all jobs applications equally, regardless of gender, color, race, ethnicity, religion, national origin, age, disability, pregnancy, sexual orientation, gender identity and expression, covered veteran status or protected genetic information (each, a “Protected Class”), or any other protected class in accordance with applicable laws.

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