Senior Risk Manager - PMO and Program Assurance

Parsons; Riyadh; On-site; SAR 446,000 - 647,000; Full time

Job summary

Parsons Corporation in Riyadh, Saudi Arabia, seeks a Senior Risk Manager - PMO and Program Assurance to lead enterprise risk governance across major infrastructure programs. You will integrate risk with cost and schedule controls, drive mitigation, and provide strategic advice to preserve program objectives and delivery certainty.

The role requires 15+ years in risk management, strong client-side PMO experience, and expertise in FIDIC/NEC contracts, risk modelling, and executive reporting.

Qualifications

• Bachelor's degree in Civil Engineering, Construction Management, Risk Management, Quantity Surveying, or related discipline.
• Minimum 15 years of experience in risk management, commercial management, or project controls across construction or infrastructure sectors.
• Demonstrated client-side PMO or delivery-partner experience.
• Strong background in major, complex multi-package infrastructure programs.
• Experience with risk governance, procurement, contractual controls, and reporting.

Responsibilities

• Lead program-wide risk governance within the client-side PMO and establish standards, procedures, and reporting.
• Maintain integrated program risk registers covering strategic, technical, commercial, contractual, financial, and schedule risks.
• Define risk categories, scoring methods, escalation thresholds, review cycles, and accountability.
• Provide independent risk oversight across multiple Design-Build contracts and packages.
• Integrate risk reporting with cost planning, budgeting, cash flow, and executive performance reporting.
• Develop risk-adjusted forecasts showing potential impacts on cost, schedule, and outcomes.

Skills

Enterprise risk management

Program risk management

PMO governance

Client-side risk assurance

Risk registers

Qualitative risk analysis

Quantitative risk analysis

Cost risk analysis

Schedule risk analysis

Risk-adjusted forecasting

Contingency planning

Early warning systems

Risk mitigation

Risk dashboards

Risk reporting

Contract risk allocation

Education

Bachelor's degree in Civil Engineering, Construction Management, Risk Management, Quantity Surveying, or a related discipline

Tools

Primavera P6

Risk modeling tools

Job description

Senior Risk Manager - PMO and Program Assurance Job Snapshot Role: Senior Risk Manager - PMO and Program Assurance Location: Riyadh, Saudi Arabia Industry: Construction Function: Risk Management Experience: 15 years in risk management, commercial, or project controls across major construction and infrastructure programs Job Type: Full-time Position Overview Senior Risk Manager - PMO and Program Assurance in Riyadh, Saudi Arabia is a senior Construction opportunity focused on enterprise-level risk governance, quantitative analysis, contingency planning, contract exposure, and executive reporting across complex infrastructure programs. Parsons Corporation is hiring an experienced risk leader to strengthen client-side PMO oversight, integrate risk with cost and schedule controls, and provide clear strategic advice that protects program objectives, financial performance, and delivery certainty. Job Details Country: Saudi Arabia City: Riyadh Industry: Construction Function: Risk Management Salary: 40000-58000 Estimated salary range based on similar jobs in the job city; please confirm the final offer with the employer. Gender: Any Candidate Nationality: Any Job Type: Full-time Role Context The Senior Risk Manager will operate as a key client-side PMO advisor, connecting project delivery realities with strategic governance and executive decision-making. The role will provide independent oversight across a portfolio of Design-Build packages, ensuring that strategic, technical, contractual, commercial, schedule, financial, and stakeholder risks are identified early, quantified where appropriate, assigned to accountable owners, and managed through effective mitigation. Particular emphasis will be placed on translating risk information into practical decisions affecting contingency, procurement, claims exposure, schedule resilience, and program priorities.

Key Responsibilities

• Lead program-wide risk governance within the client-side PMO and establish consistent standards, procedures, and reporting requirements.
• Maintain integrated program risk registers covering strategic, technical, commercial, contractual, financial, operational, schedule, and stakeholder exposures.
• Define risk categories, scoring methodologies, escalation thresholds, review cycles, and accountability requirements.
• Provide independent risk oversight across multiple Design-Build contracts and infrastructure packages.
• Integrate risk reporting with cost planning, budget management, cash flow forecasting, schedule controls, and executive performance reporting.
• Develop risk-adjusted forecasts that demonstrate potential impacts on cost, schedule, contingency, and program outcomes.
• Lead qualitative and quantitative risk assessments for major project and program exposures.
• Conduct structured risk workshops with project teams, contractors, consultants, delivery partners, and Client representatives.
• Establish early-warning indicators for emerging risks and deteriorating project conditions.
• Develop mitigation plans, contingency strategies, and management actions proportionate to identified exposure.
• Monitor risk treatment effectiveness and escalated unresolved or increasing risks to senior Client leadership.
• Review risk implications associated with changes, variations, claims, delays, and potential disputes.
• Provide client-side recommendations on major risk events and support negotiations where technical, commercial, or contractual exposure is significant.
• Advise on contract risk allocation under FIDIC, NEC, bespoke, and other applicable contractual frameworks.
• Assess contractual obligations and identify areas where risk transfer, retained exposure, or unclear allocation could affect the Client.
• Support commercial and contracts teams with risk-based input into claims, entitlement, variation, and dispute assessments.
• Maintain visibility of potential claims exposure and significant contractual events across the program.
• Support program and project budgeting by identifying appropriate risk allowances and contingency requirements.
• Monitor risk-related cost and schedule drivers that could result in overruns or milestone slippage.
• Coordinate with Project Controls teams to ensure major risks are reflected in schedule and cost forecasting.
• Use Primavera P6 and relevant risk analysis tools to evaluate schedule exposure and key delivery sensitivities.
• Support quantitative schedule and cost risk modeling where required.
• Prepare executive risk dashboards, heat maps, trend reports, forecasts, and assurance summaries.
• Present major exposures, mitigation effectiveness, emerging trends, and recommended decisions to governance boards and senior Client management.
• Ensure risk reporting is accurate, concise, traceable, and aligned with PMO governance requirements.
• Establish consistent risk reporting across delivery partners, contractors, and consultants.
• Coordinate with Procurement teams to embed risk considerations into procurement strategies, tender documents, evaluation criteria, and contracting decisions.
• Review procurement risks associated with market capacity, long-lead items, contractor capability, commercial terms, and supply chain dependencies.
• Maintain strong working relationships with consultants, contractors, suppliers, and other program stakeholders to improve early visibility of developing risks.
• Represent the client-side PMO in risk discussions, technical reviews, commercial forums, and stakeholder negotiations.
• Integrate regulatory, legal, compliance, and KSA-specific requirements into the program risk framework.
• Monitor compliance risks associated with contractual commitments, statutory obligations, and governance procedures.
• Provide strategic advice to senior stakeholders where risk exposure requires changes to delivery strategy, sequencing, commercial approach, or contingency.
• Lead and mentor Risk Analysts, Project Controls professionals, and Commercial Specialists involved in program risk management.
• Provide risk management training and guidance to improve consistency, ownership, and reporting quality across project teams.
• Promote a culture of transparent escalation, evidence-based decision-making, and proactive risk ownership.
• Conduct periodic reviews of risk processes and implement improvements to tools, methodologies, governance, and assurance practices.
• Maintain auditable documentation supporting risk assessments, decisions, mitigation actions, and senior management reporting.

Ideal Profile

• Bachelor 's degree in Civil Engineering, Construction Management, Risk Management, Quantity Surveying, or a related discipline.
• Minimum 15 years of experience in risk management, commercial management, or project controls across construction or infrastructure sectors.
• Demonstrated client-side PMO or Delivery Partner experience.
• Strong background managing risk across major, complex, multi-package infrastructure programs.
• Extensive understanding of risk management principles, procurement, commercial controls, and contract administration.
• Practical experience integrating risk with project controls, cost management, budgets, cash flow, and schedule forecasting.
• Strong knowledge of FIDIC, NEC, or bespoke contract frameworks.
• Experience evaluating risk associated with claims, variations, change orders, contractual entitlement, and disputes.
• Familiarity with Saudi Arabian regulations, governance expectations, and infrastructure delivery environments.
• Strong quantitative and qualitative risk analysis capability.
• Experience facilitating risk workshops and communicating complex exposures to senior decision-makers.
• Proficiency with Primavera P6, financial systems, risk modeling applications, and related project management tools.
• Demonstrated ability to manage complex stakeholder relationships involving Clients, contractors, consultants, suppliers, and authorities.
• Strong analytical judgment with the ability to distinguish material program risks from routine project issues.
• Experience establishing risk governance frameworks and reporting standards across multiple projects.
• Strong leadership and team development capability in multidisciplinary PMO environments.
• Professional certification such as RMP, PMP, MRICS, or equivalent is advantageous.
• Able to work effectively under pressure while maintaining accuracy and clarity across multiple concurrent priorities.

Skills Set

• Enterprise risk management
• Program risk management
• PMO risk governance
• Client-side risk assurance
• Risk registers
• Risk workshops
• Qualitative risk analysis
• Quantitative risk analysis
• Cost risk analysis
• Schedule risk analysis
• Risk-adjusted forecasting
• Contingency planning
• Early warning systems
• Risk mitigation
• Risk dashboards
• Risk reporting
• Contract risk allocation
• FIDIC
• NEC
• Claims risk assessment
• Change risk management
• Variations analysis
• Dispute avoidance
• Commercial risk management
• Procurement risk
• Cost forecasting
• Budget risk
• Cash flow risk
• Primavera P6
• Project controls integration
• Executive reporting
• Stakeholder management
• PMO governance
• Risk assurance
• Compliance risk
• Infrastructure risk management
• Team leadership

Why Join Us

Riyadh 's major infrastructure programs require senior risk professionals who can look beyond individual project issues and understand how contractual, commercial, technical, financial, and schedule exposure interact at program level. This role offers the opportunity to shape client-side risk governance, influence major strategic decisions, and strengthen contingency, procurement, claims, and forecasting discipline across a complex Construction portfolio. It provides substantial visibility with senior stakeholders while directly supporting the resilience and long-term performance of landmark development programs in Saudi Arabia.

About the Company

Parsons Corporation delivers engineering, infrastructure, program management, and technology solutions for complex projects worldwide. In Saudi Arabia, its client-side PMO and Delivery Partner teams support major infrastructure programs through risk governance, project controls, commercial management, technical assurance, stakeholder coordination, and disciplined program oversight.