Senior Risk Analysis Engineer

Dar Al Riyadh Consultants; Riyadh; On-site; SAR 200,000 - 300,000; Full time

Job summary

A consulting firm in Saudi Arabia is seeking a Risk Manager to oversee risk identification, mitigation, and reporting for large infrastructure projects. The role requires a Bachelor's degree in Engineering and 5-7 years of experience in risk management, particularly in Project Management Consultancy. Strong analytical and communication skills are essential, alongside proficiency in risk management tools. Competitive salary and development opportunities are offered.

Qualifications

• 5-7 years of experience in risk management for large infrastructure projects.
• Proven track record in Project Management Consultancy (PMC).
• Knowledge of risk management software tools and methodologies.

Responsibilities

• Identify potential risks across infrastructure projects.
• Develop and implement risk management plans and strategies.
• Prepare and present regular risk reports to senior management.

Skills

Risk analysis

Project management processes

Strong analytical skills

Excellent communication skills

Collaboration with stakeholders

Education

Bachelor's degree in Engineering

Master's degree in Project Management or Risk Management

Tools

MS Office Suite

Monte Carlo simulations

Risk Register management

FMEA

@Risk

Primavera

Asta Powerproject

Job description

Key Responsibilities

• Risk Identification and Assessment:
  • Identify potential risks across infrastructure projects, including design, procurement, construction, and commissioning stages.
  • Conduct qualitative and quantitative risk assessments and provide comprehensive reports on potential project risks.
  • Work closely with project managers, engineers, and other stakeholders to ensure a thorough understanding of project-specific risks.
• Risk Mitigation and Control:
  • Develop and implement risk management plans and strategies, working alongside the project team to mitigate risks before they impact the project timeline or cost.
  • Develop and maintain a risk register that is continually updated and communicated to all relevant stakeholders.
  • Recommend preventive and corrective actions to mitigate risks and minimize potential disruptions to the project.
• Monitoring and Reporting:
  • Track the progress of risk mitigation actions, ensuring they are completed on time and within scope.
  • Prepare and present regular risk reports to senior management, detailing the status of identified risks and any new risks that may have emerged.
  • Provide insights and recommendations to enhance the risk management process on future projects.
• Collaboration with Stakeholders:
  • Work closely with the design, construction, procurement, and commissioning teams to ensure risks are effectively managed across all phases of the project.
  • Coordinate with external consultants, contractors, and clients to ensure alignment on risk management strategies and actions.
• Compliance and Standards:
  • Ensure all risk management processes comply with local regulations, international standards, and industry best practices.
  • Stay updated on the latest risk management methodologies and tools, integrating them into Dar Al Riyadh’s risk management procedures.

Qualifications and Experience

• Education:
  • Bachelor's degree in Engineering (Civil, Mechanical, Electrical, or a related field). A Master's degree in Project Management or Risk Management is a plus.
• Experience:
  • Minimum of 5-7 years of experience in risk management for large infrastructure projects, with a proven track record in Project Management Consultancy (PMC).
  • Experience working on infrastructure projects such as roads, bridges, utilities, or large-scale development projects.
  • Knowledge of risk management software tools and methodologies, such as Monte Carlo simulations, Risk Register management, and FMEA (Failure Mode and Effects Analysis).
• Skills and Competencies:
  • Strong understanding of project management processes, risk analysis, and mitigation strategies in the context of infrastructure projects.
  • Proficiency in MS Office Suite (Excel, Word, PowerPoint), risk management software (e.g., @Risk, Primavera, Asta Powerproject), and project management tools.
  • Excellent analytical, problem-solving, and communication skills.
  • Ability to work in a fast-paced, dynamic environment with multiple stakeholders.
  • Strong interpersonal skills with the ability to collaborate effectively with multidisciplinary teams.
• Certifications (Preferred):
  • PMI-RMP (Risk Management Professional) or similar certifications are highly desirable.
  • Certified Risk Manager (CRM) or equivalent professional certification in risk management.