Risk Manager

BAM UK & Ireland; City Of London; On-site; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Competitive salary

Family-friendly policies

Company car/travel allowance

Pension contributions (8% match)

Private healthcare

Life assurance

26 days holiday

Wellbeing days

Volunteering day

Professional development

Job summary

BAM UK & Ireland, in partnership with Ferrovial Construction, seeks a Risk Manager to lead identification, assessment and reporting of risks and opportunities across the HRS15 Track North project. Based in Snow Hill, Birmingham, you will drive integrated risk management, governance, and informed decision-making for this major infrastructure programme.

You will coordinate risk workshops, maintain risk registers, and ensure alignment with contractual procedures and forecasts, while engaging with

Qualifications

• Substantial risk-management experience on major infrastructure or complex construction projects.
• Experience with QSRA and QCRA processes and risk workshops.
• Practical experience with probabilistic risk modelling and Monte Carlo simulation.
• Strong understanding of programme risk, critical path analysis and schedule contingency.
• Experience working with Primavera P6 schedules; direct operation is advantageous.
• Ability to integrate risk with cost forecasting, EAC, change management and reporting.
• Experience engaging with clients, auditors and senior stakeholders.
• Advanced Excel skills and clear written/verbal communication.

Responsibilities

• Own and implement the HRS15 Risk and Opportunity Management process per procedures.
• Promote proactive risk management across multiple functions and stakeholders.
• Maintain links between risk register and related notices, changes and programme activities.
• Ensure realised risks remain actively managed until exposure and consequences are resolved.
• Capture lessons learned to improve future risk identification and mitigation.
• Lead or support monthly risk-review meetings with HS2 and manage actions.
• Maintain HS2 risk-management templates and systems under contract.
• Prepare, update and obtain internal approval of PMU4.
• Reconcile PMU4 with PMU2, PMU8 and project forecasts.
• Address improvement areas and ensure consistent reporting across PMU2/4/8.
• Lead QSRA and QCRA at required frequencies and cycles.
• Maintain FBJV Risk and Opportunity Register and input to forecasts.
• Coordinate reviews of risk-adjusted EAC with cross-functional leads.
• Prepare time-phased risk-cost forecasts for integration into PMU2 and internal reporting.
• Explain movements between reporting periods with updated assessments.

Skills

Risk management

Monte Carlo simulation

Probabilistic risk modelling

Primavera P6

Cost forecasting

EAC

Stakeholder reporting

Advanced Excel

Contractual risk

Risk workshops

Education

Degree in Risk Management

Related discipline

Tools

Primavera P6 Risk

CEMAR

Deltek Acumen Risk

Safran Risk

Job description

Ferrovial Construction / BAM UK & Ireland (Infrastructure segment) JV (FBJV) has been appointed to deliver approximately 140 miles of HS2 track infrastructure between London and the West Midlands, including design, construction, logistics, testing and commissioning. They have an exciting opportunity for a Risk Manager to lead the identification, assessment, quantification, management and reporting of risks and opportunities across the HRS15 Track North project. The role will establish and maintain an integrated risk-management framework supporting contractual compliance, reliable cost and programme forecasting, robust governance and informed decision-making.

Your team

Candidates will be based in our project office in Snow Hill near Birmingham.

Making Possible

As Risk Manager, you will be responsbile for the following:

• Own and implement the HRS15 Risk and Opportunity Management process in accordance with the FBRS JV Risk and Opportunity Management Procedure, and the Project Controls Execution Plan.
• Promote proactive risk management across Commercial, Planning, Design, Engineering, Procurement, Delivery, Quality, Safety, Environment, Interfaces and Stakeholder Management.
• Maintain clear links between the risk register and relevant Early Warning Notices, Compensation Events, assumptions, constraints, changes and programme activities, while avoiding duplication between registers.
• Ensure realised risks remain actively managed until their remaining exposure, reporting and commercial consequences have been resolved.
• Capture lessons learned and apply them to future risk identification, assessment and mitigation.
• Lead or support monthly risk-review meetings with HS2, including preparation of information, responses to comments and management of agreed actions.
• Maintain the interim or final HS2 risk-management templates and systems required under the Contract.
• Own the preparation, update, assurance and internal approval of PMU4.
• Reconcile PMU4 with PMU2, PMU8, the project EAC, the accepted programme and internal commercial forecasts.
• Address existing improvement areas, including risk rationalisation, complete quantification justifications, clear identification of open risks and consistent reporting across PMU2, PMU4 and PMU8.
• Lead QSRA at the frequency required by WI 505 and agreed with HS2, including quarterly assessments where applicable.
• Lead QCRA at the required frequency, including the applicable three-month or quarterly cycle.
• Maintain the internal FBJV HRS15 project Risk and Opportunity Management Register and provide an accurate input to the Business Unit Forecast.
• Coordinate regular reviews of the risk-adjusted EAC with Commercial, Finance, Project Controls and discipline leads.
• Prepare time-phased risk-cost forecasts for integration into PMU2 and internal financial reporting.
• Explain movements between reporting periods and support them with updated assessments.

What do you bring to the role?

• Substantial risk-management experience on a major infrastructure, railway, civil engineering or complex construction project.
• Demonstrable experience of both QSRA and QCRA.
• Practical experience of 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, with detailed programme support available from Planning.
• Experience integrating risk with cost forecasting, EAC, change management and project reporting.
• Experience managing multidisciplinary risk and opportunity registers.
• Experience leading risk workshops and constructively challenging senior risk owners.
• Strong understanding of commercial and contractual risk on target-cost or collaborative infrastructure contracts.
• Experience engaging with clients, auditors and senior project stakeholders.
• Ability to convert complex analysis into clear decisions, actions and recommendations.
• Degree, or equivalent professional experience, in Risk Management, Quantity Surveying, Commercial Management, Engineering, Construction Management, Project Controls or a related discipline.
• Advanced Excel skills.
• Clear written and verbal communication.

Desirable

• Previous experience on HS2 or another UK railway or major-infrastructure programme.
• Experience of NEC contracts
• Familiarity with CEMAR,
• Experience on Primavera P6 Risk Analysis, Safran Risk, Deltek Acumen Risk, or comparable risk software.
• Membership of APM, IRM, RICS, CICES or an equivalent professional body.
• Recognised risk-management or project-management qualification.

What's in it for you?

• Competitive salary
• A wide range of family-friendly policies
• Company car/car allowance/travel allowance
• 8 % matched pension contributions
• Private healthcare
• Life assurance
• 26 days holiday
• 2 wellbeing days
• 1 volunteering day
• Personal and professional development

About BAM

Building a sustainable tomorrow. That's our mission and our promise at BAM. It's how we engineer vital infrastructure and construct high-quality buildings as one of the largest construction companies in Europe.

We strive to create an environment where everybody feels welcome and valued. We're on an exciting journey to employ the best talent to join us regardless of social background, race, colour, religion, national or ethnic origin, sexual orientation, gender identity or expression, age, disability or other characteristics.

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