Risk Manager

Main Requirements:

To perform this role successfully, the individual will be responsible for but not limited to the following:

• Develop, implement, and maintain a comprehensive risk management framework to identify, analyze, and mitigate potential risks.
• Conduct regular risk assessments and audits to evaluate the effectiveness of risk mitigation measures and compliance with relevant standards.
• Coordinate with various departments to ensure a unified approach to risk management, promoting a culture of risk awareness.
• Engage with stakeholders to understand their expectations and ensure that risk management initiatives meet and exceed these expectations.
• Utilize cutting-edge technologies to enhance risk analysis and reporting processes.
• Foster a culture of continuous improvement, learning, and excellence within the risk management domain.
• Monitor and ensure compliance with relevant regulatory, safety, and quality standards in risk management practices.
• Regularly report on the status of enterprise risk to relevant stakeholders.
• Manage periodic enterprise reports and their development.
• Communicate risk assessments, trends, and mitigation strategies effectively.
• Comprehensively identifying Risks that might impact on the achievement of the Program Objectives
• Accurately assessing the potential impacts of the identified Risks
• Prioritizing the requirements for Risk response identification
• Formulating appropriate responses to the identified Risks
• Quantifying adequate cost and time provisions for post-response residual Risk impacts
• Controlling the implementation of identified Risk responses.
• Monitoring changes in Risk exposure, identifying new Risks and modifying responses.

KEY RESULT AREAS (KRA’s)

• Successful development and implementation of risk management strategies.
• Effective communication and coordination with stakeholders, contributing to a well-informed and risk-aware organizational culture.
• Continuous improvement in risk management practices leading to enhanced organizational resilience.

 Knowledge, Skills and Experience

• Proven experience in enterprise risk management (ERM) within Various environment/sectors.
• Strong analytical, communication, and organizational skills.
• Ability to engage effectively with a diverse group of stakeholders.
• Experience in leveraging technology to enhance risk analysis and reporting.
• Knowledge of relevant regulatory, safety, and quality standards.

Qualifications

• Bachelor’s degree in risk management, Business, or a related field.
•  Professional certifications in risk management are preferred.

Position Requirements

• Bachelor’s degree in business administration, Risk Management, or a related field.
• Certification in Risk Management Assurance (CRMA), Certified Risk Manager (CRM), or similar is preferred.
• A minimum of 7 years of progressive experience in risk management, preferably in construction industry.
• Knowledge of regulatory requirements and industry best practices related to enterprise risk management – (ISO 31000 & COSO).
• High degree of technical proficiency in implementing risk management strategy, plans and procedures on major construction projects.
• Ability to effectively identify, analyze and recommend risk mitigation actions.
• Experience of managing others & taking the lead on a project of reasonable size or several smaller projects
• Strong written and verbal communication skills, with the ability to convey complex risk concepts to diverse stakeholders.
• Arabic and English spoken.
• Professional in Microsoft Office.