Senior Manager - Portfolio Risk

Rolls-Royce SMR; East Midlands; On-site; GBP 75,000 - 99,000; Full time

Benefits offered by this job

Cash Benefits allowance

15% bonus target (industry standard)

Holiday and pension benefits

Job summary

Rolls-Royce SMR is seeking a Senior Manager – Portfolio Risk to lead risk management across a diverse portfolio of programmes. The role sits in the PMO and drives a mature risk framework, providing assurance and quantitative insights to inform executive decisions.

The position offers hybrid working from Manchester, Warrington or Derby, with opportunities to apply advanced analytics and AI-enabled risk tools to improve decision support.

Qualifications

• Degree qualified or equivalent with relevant risk experience.
• Experience applying ISO 31000 and major programme governance methodologies.
• Experience delivering risk management on large-scale infrastructure, engineering, nuclear or complex programmes.
• Strong QRA expertise including cost and schedule risk assessment.
• Experience working across project controls disciplines (risk, planning, change).
• Excellent stakeholder management at executive levels.

Responsibilities

• Lead risk management across a portfolio of complex programmes.
• Develop and lead a team of Risk Managers, Senior Analysts and Risk Champions in a matrix environment.
• Promote consistent application and continuous improvement of the risk management framework.
• Act as subject matter expert for risk management, providing assurance and guidance.
• Support and deputise for Head of Risk as required.
• Collaborate with Enterprise Risk to escalate principal risks.
• Oversee RMIS administration and effectiveness.
• Deliver portfolio and programme risk reporting to senior stakeholders.
• Lead Quantitative Risk Analysis (QRA) across cost and schedule risk.
• Support development of enhanced risk analytics and AI-enabled insights.

Skills

Risk management

Leadership

Stakeholder management

Quantitative Risk Analysis (QRA)

Cost & schedule risk

Data analytics

AI-enabled risk insights

ISO 31000

Education

Degree or equivalent

Formal Risk Management qualification

Tools

Safran Risk

Primavera Risk Analysis

@RISK

ModelRisk

Job description

Senior Manager – Portfolio Risk

Location

Hybrid based from either Manchester, Warrington or Derby

Salary

We anticipate paying a salary in the £75,300.00 - £98,800.00 range

The Role

Reporting to the Head of Risk, the Portfolio Senior Risk Manager will play a pivotal role in shaping and leading risk management across Rolls-Royce SMR's portfolio of programmes.

This is a strategic leadership position within the PMO, working across executive, programme, engineering and enabling functions to ensure a robust and consistent approach to risk management. You will be responsible for driving the continued maturity of the risk management framework, providing expert assurance across programme risk activities, and supporting informed decision-making through effective risk analysis, reporting and quantitative assessment.

The role also provides the opportunity to influence the future of risk management through the adoption of advanced analytics, digital tools and AI-enabled approaches to risk insight and decision support.

What You’ll Be Doing

• Leading risk management activities across a portfolio of complex programmes and projects.
• Managing and developing a team of Risk Managers, Senior Risk Analysts and Risk Champions within a matrix environment.
• Promoting the consistent application and continuous improvement of the company's risk management framework and processes.
• Acting as the subject matter expert for risk management, providing assurance, guidance and challenge where appropriate.
• Supporting and deputising for the Head of Risk when required.
• Working collaboratively with Enterprise Risk colleagues to ensure effective escalation and management of principal risks.
• Overseeing the administration and effectiveness of the Risk Management Information System (RMIS).
• Delivering portfolio and programme risk reporting to senior stakeholders and executive leadership teams.
• Leading Quantitative Risk Analysis (QRA) activities across cost and schedule risk disciplines.
• Supporting the development of enhanced risk analytics, data-driven insights and AI-enabled risk management capabilities.

Who We’re Looking For

We are seeking an experienced risk professional with a strong background in delivering risk management within complex programme environments.

You’ll Ideally Bring

• Extensive experience applying recognised risk management frameworks and best practice, such as ISO 31000 and major programme governance methodologies.
• Proven experience leading risk management activities on large-scale infrastructure, engineering, nuclear, construction or similarly complex programmes.
• Strong expertise in Quantitative Risk Analysis (QRA), including cost and schedule risk assessment.
• Experience working across project controls disciplines, including risk, planning, change and performance management.
• Excellent stakeholder management skills with the ability to influence at executive, programme and delivery team levels.
• Experience leading teams and fostering collaboration within matrix organisations.
• The ability to translate complex risk information into clear, actionable insight for decision-makers.

Desirable Experience

• Experience within the nuclear sector or other major regulated infrastructure programmes.
• Professional Risk Management qualification such as IRM Certificate/Diploma or equivalent.
• Membership of a relevant professional body, including IRM, ALARM or APM.
• Experience using quantitative risk tools such as Safran Risk, Primavera Risk Analysis, @Risk or ModelRisk.
• Experience applying data analytics and emerging AI technologies to support risk management and programme performance.

Qualifications

• Degree qualified or equivalent relevant experience.
• Formal Risk Management qualification or equivalent professional experience.
• Experience working within major engineering, infrastructure or nuclear programmes.

What’s in it for you?

Reward & benefits

• Salary: £75,300.00 - £98,800.00
• Cash Benefits allowance: £5000
• Bonus: target of 17%
• Holiday: 29 days + bank holidays
• Pension: Standard Rolls‑Royce SMR pension 6% employee / 12% employer contribution
• Other benefits: 6x life assurance, 50% income protection, £250 new joiner payment
• Flexible working options can be discussed

Pay Range

£71,000.00

£93,187.50

Why Join Us?

You’ll be joining a forward-thinking organisation that values transparency, fairness, and innovation. We offer:

• A flexible, inclusive, and supportive working environment.
• Opportunities for career growth in a rapidly scaling business.
• A culture that values diversity, innovation, and continuous learning.

We are an equal opportunities employer and welcome applications from all backgrounds. Inclusivity is important to us, and as a Disability Confident organization, we are committed to fair, supportive, and continually improving recruitment practices that ensure everyone has the opportunity to thrive.

Confidence can sometimes hold us back from applying for a job. But we'll let you in on a secret: there's no such thing as a 'perfect' candidate. If you feel you meet 75% of the requirements for this role, we would love to hear from you.

Also, if you are considering a career move or a sector-jump, please get in touch – we welcome applications from people with transferable skills.

Our Application Process

• Obtaining Baseline Personnel Security Standard (BPSS) clearance
• Satisfactory completion of a Disclosure and Barring Service (DBS) check
• Satisfactory completion of a basic financial probity check