Project Risk Manager

Company: Nesma & Partners

Role Purpose To plan and lead project risk management across construction projects within Nesma & Partners by championing the implementation of best industry practices aligned with ISO 31000 and PMI-RMP standards. This role ensures proactive identification, assessment, analysis, and mitigation of risks that could impact project scope, schedule, cost, quality, and overall objectives. Responsibilities include approving qualitative risk analyses, mitigation planning within the Risk Register, and reviewing project risk documentation and workshop outcomes.

This role leads the development of effective mitigation strategies, continuously monitors risks throughout the project lifecycle, and collaborates closely with Project Controls, Engineering, Procurement, Construction, and other teams to ensure alignment with corporate strategy and project standards.

Key Accountabilities

• Strategic Contribution - Ensure effective cascading of the assigned departmental strategy into operating plans to ensure vertical alignment and horizontal integration with other interfacing departmental strategies.
• People Management - Manage the effective achievement of assigned objectives through the leadership of the Risk Department by setting individual objectives, managing performance, developing, and motivating staff to maximize sectional performance. Lead the talent development initiatives for the Risk department, collaborating with technical/discipline experts and thereby ensure the availability of talent to fit business requirements. Act as a role model and drive adherence to organizational values and ethics by employees of the Risk department to foster a value driven culture within the organization.
• Budgeting and Financial Planning - Monitor financial performance versus the budget while ensuring all sectional activities are conducted in line with the approved guidelines.
• Policies, Systems, Processes & Procedures - Manage and ensure effective implementation of policies, procedures, and controls covering all areas of Risk department activity so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost effective service.
• Project Risk Management - Lead the development and implementation of a Project Risk Management Plan (RMP) by aligning it with the corporate risk framework to proactively identify, assess, mitigate, and monitor risks throughout all project phases, ensuring overall project success. Oversee the risk assessment schedule by coordinating timelines and resources to ensure risks are evaluated accurately and on time, enabling proactive risk management.

Key

Accountabilities

• Drive the assessment of identified risks by applying systematic evaluation methods to understand their potential impact and likelihood, so informed decisions can be made to reduce project vulnerabilities.
• Lead the Qualitative Risk Analysis (QRA) using structured tools and techniques to evaluate the probability and impact of risks, which helps prioritize risks and focus mitigation efforts effectively.
• Approve comprehensive qualitative and quantitative risk assessments by reviewing their validity against project objectives to ensure risk prioritization aligns with cost, schedule, and scope targets.
• Drive the utilization of simulation analysis by applying modeling tools to predict potential risk outcomes identified during QRA, which improves the accuracy of risk impact forecasts.
• Review post simulation analysis results by interpreting and communicating findings clearly to stakeholders, enabling better understanding and decision making.
• Ensure the ongoing updating of the project risk register by maintaining accurate documentation of identified risks and their assessments, which supports continuous risk tracking and management.
• Validate and approve updates to the risk register by reviewing entries for completeness and alignment with governance protocols, ensuring the register remains a reliable source of risk information.
• Lead execution of probability assessments by applying quantitative methods to prioritize risks based on their likelihood, which helps allocate resources effectively to high priority risks.
• Drive the effective estimation of risk contingency values by translating QRA data into measurable financial and schedule buffers, enabling informed budgeting and planning.
• Lead the application of mathematical models and stress testing by using theoretical tools to quantify risk exposure, supporting data driven decision making and contingency planning.
• Monitor accurate risk scoring by regularly reviewing risk ratings to prioritize risks effectively and provide a clear understanding of project risk exposure.
• Review and formally approve project risks and opportunities submitted by teams by assessing their relevance and completeness to ensure that all significant risks are considered and managed.
• Approve the structure, objectives, and outputs of risk identification and review workshops by ensuring they follow…