Portfolio Risk & Value Manager

Iarnród Éireann Irish Rail; Dublin; On-site; EUR 120,000 - 160,000; Full time

Job summary

Irish Rail in Ireland is seeking a Portfolio Risk & Value Manager to provide strategic leadership for risk and opportunities across the Capital Investment portfolio. You will establish robust risk governance, lead QSRA and QCRA exercises, and embed risk as a core discipline across delivery teams.

You will create a portfolio-wide Risk & Opportunity Register, review progress with the Senior Leadership Team, and drive continuous improvement in risk and value management across CI.

Qualifications

• 15 years’ experience in risk management within major capital programmes.
• Strong ability to develop and implement risk frameworks, processes and governance.
• Experience facilitating senior-level risk reviews and presenting clear risk information.

Responsibilities

• Develop and implement a comprehensive risk management framework for the Capital Investments portfolio.
• Establish consistent procedures, templates and tools to support Programme and Project Teams in identifying, assessing and managing risks and opportunities.
• Lead QSRA, QCRA, Monte Carlo simulations and other quantitative risk assessments across major programmes and projects.
• Provide guidance on risk identification, mitigation planning and opportunity realisation for project teams.
• Support integration of risk outputs into cost, schedule and commercial decision-making.

Skills

QSRA

QCRA

Monte Carlo

Risk governance

Stakeholder management

Cost and schedule

Analytical skills

Communication

Leadership

Education

IRM/APM PMI-RMP certification

Tools

Risk software

Quantitative analysis tools

Job description

ROLE AND PURPOSE

The Portfolio Risk & Value Manager is accountable for providing strategic leadership and expert direction for risk and opportunities management across the IÉ Capital Investment portfolio. They will lead the development and implementation of a portfolio‑wide risk management capability within CI. This includes establishing consistent processes, tools and governance; ensuring that risk management is embedded as a core discipline across all delivery teams and leading Quantitative Schedule Risk Analysis (QSRA) and Quantitative Cost Risk Analysis (QCRA) exercises.

The post holder will create and maintain a CI Portfolio level Risk & Opportunity register and lead the review of this with the Senior Leadership Team at suitable frequencies to ensure portfolio wide risks are being suitably mitigated and value opportunities realised.

Reporting Relationships:

Reports to:

• Head of Project Controls & Programme Management, Commercial Department

Working Relationship with:

• All members of the Commercial Department
• All members of the wider Capital Investments Senior Leadership Team and their respective departments – including Railway Systems Director, Development and Design Director, Delivery Director and Head of Finance.
• External agencies, including Department of Transport (DoT), National Transport Authority (NTA), local authorities, An Bord Pleanála, utility providers etc.
• External Consultants and Contractors appointed to deliver the Capital Investment portfolio.
• Other Departments within IE

GENERAL MANAGEMENT RESPONSIBILITIES

• Safety: To act as a focus for safety in line with the New Works SMS and to discharge your safety responsibilities as outlined by your reporting Manager and Safety Responsibility Statement (SRS). Implementation of the Construction Regulations.
• Engineering: To ensure that all projects are properly authorized and progressed in accordance with the Building regulations, IE and IM policy, standards and procedures.
• Business: To manage, coordinate and control all projects and related activities for your business.
• People: To ensure constant communication with all colleagues within your area and to support the People Management policy within the IM team.
• Sustainability: To embed sustainability in project planning and delivery, ensuring environmental compliance, carbon reduction and continuous improvement.

Key Responsibilities

• Develop and implement a comprehensive risk management framework for the Capital Investments portfolio, ensuring the framework is scalable by project size and risk.
• Establish consistent procedures, processes, templates and tools to support Programme and Project Teams in identifying, assessing and managing risks and opportunities.
• As required lead the delivery of QSRAs, QCRAs, Monte Carlo simulations and other quantitative risk assessments across major programmes and projects.
• Provide expert guidance to project teams on risk identification, mitigation planning and opportunity realisation and support project teams in establishing effective risk registers, identifying material risk and opportunities early.
• Support the integration of risk outputs into cost, schedule and commercial decision‑making.

2. Capital Investments Portfolio Risk & Opportunity Register

• Create and maintain a portfolio‑level Risk & Opportunity Register covering all programmes and projects.
• Ensure risks and opportunities are clearly articulated, consistently scored and supported by robust mitigation / exploitation strategies.
• Develop relevant reporting dashboards and insights to support senior decision‑making.
• Identify common risks across the portfolio and propose mitigations to reduce portfolio exposure and improve delivery confidence.
• Establish and facilitate regular risk review meetings with the Capital Investments Senior Leadership Team, ensuring clear visibility and insight of emerging risks / opportunities, trends and portfolio exposure.
• Ensure Enterprise level risks are incorporated into the IE Enterprise risk register and manage the update of same.

3. Assurance & Compliance

• Develop and manage a risk assurance regime to ensure Programme and Project Teams comply with the risk management requirements of Irish Rail’s Project Management Procedures.
• Conduct internal audits, deep‑dives and maturity assessments to evaluate compliance and identify improvement opportunities. Support external audits.
• Provide clear recommendations and action plans to address gaps in risk management practice.
• Maintain clear audit trails for risk-based decisions
• Promote value management principles across the Capital Investments portfolio, ensuring that risk, opportunity and value considerations inform investment decisions.
• Identify opportunities to enhance efficiency, reduce portfolio exposure and improve delivery confidence.
• Drive continuous improvement in risk processes, data quality and integration with cost and schedule systems.
• Provide Functional Leadership to embedded risk practitioners and Project Managers across CI, including developing and delivering training, guidance materials and capability‑building initiatives to strengthen risk and value management skills across the organisation.
• Act as CI business owner for risk and value management tools and risk reporting dashboards.

Skills, Experience & Qualifications

• 15 years’ experience in risk management within major capital programmes
• Strong technical expertise in quantitative risk analysis, including QSRA, QCRA, and Monte Carlo simulation.
• Demonstrated ability to develop and implement risk management frameworks, processes and governance structures.
• Experience facilitating senior‑level risk reviews and presenting complex risk information clearly and concisely.
• Strong analytical, problem‑solving and communication skills.
• Ability to influence and engage stakeholders across multidisciplinary teams.
• Good understanding of planning, scheduling and cost management disciplines,
• Professional qualifications in risk management (e.g., IRM, APM Risk, PMI‑RMP) or relevant technical disciplines.
• Experience with risk management software and quantitative analysis tools.
• Knowledge of value management methodologies and their application in capital investment environments.
• Experience applying continuous improvement or structured methodologies (e.g., Lean, Six Sigma) to enhance risk processes.