Project Risk Manager

Job Summary

The Project Risk Manager is responsible for identifying, assessing, managing, and monitoring all project risks throughout the project lifecycle. The role ensures that potential threats and opportunities are systematically managed to minimize adverse impacts and maximize project success.

The Project Risk Manager provides expert guidance in developing risk management frameworks, tools, and mitigation plans, ensuring alignment with company policies, contract requirements, and industry best practices in the EPC and construction sectors.

Job Responsibilities 1

Risk Management Framework: Develop, implement, and maintain a structured risk management framework for the project in accordance with corporate and contractual requirements.

Risk Identification & Assessment: Lead workshops and reviews to identify and assess potential risks (technical, commercial, schedule, safety, and environmental) across all project phases.

Risk Register Maintenance: Establish and maintain the project risk register, ensuring all identified risks are categorized, evaluated, and regularly updated with mitigation actions and responsible owners.

Quantitative & Qualitative Analysis: Conduct risk analysis (qualitative and quantitative) using recognized methodologies such as Monte Carlo simulation or sensitivity analysis to determine potential cost and schedule impacts.

Mitigation Planning: Develop and track risk mitigation and contingency plans, ensuring timely execution and effectiveness of risk responses.

Interface Coordination: Collaborate with project controls, engineering, procurement, construction, and HSE teams to ensure integrated risk management across disciplines.

Reporting & Governance: Prepare and present regular risk reports, dashboards, and trend analyses to project management and executive stakeholders.

Change & Opportunity Management: Identify potential opportunities for cost/time optimization and integrate opportunity management into the overall risk strategy.

Audit & Compliance: Ensure project risk management activities comply with corporate governance, client requirements, and ISO 31000 standards.

Leadership & Capacity Building: Train and mentor project teams on risk awareness, methodologies, and best practices to strengthen organizational risk maturity.

Job Responsibilities 2

Additional Responsibilities 3

Job Knowledge & Skills

Deep understanding of project risk management principles, tools, and frameworks (ISO 31000, PMI, or equivalent).

Strong analytical and quantitative risk assessment skills (cost and schedule risk).

Proficiency in Primavera Risk Analysis (PRA), @Risk, or similar risk modeling tools.

Familiarity with EPC project lifecycle, including engineering, procurement, construction, commissioning, and contractual obligations.

Excellent communication, facilitation, and stakeholder engagement skills. ERP knowledge preferably SAP functional skills are a requirement to be successful in this role

Job Experience

Minimum 8 years working experience, 5 years in a relevant supervisory position, 2 years GCC experience is a plus

Competencies

Education