Project Risk Manager

About Albawani

Albawani is a prominent construction and contracting company in Saudi Arabia, established in 1991. Headquartered in Riyadh, the company has evolved into a diversified group with operations spanning construction, infrastructure, engineering, water and power, and industrial services. Albawani is recognized for its commitment to quality, safety, and innovation in delivering large-scale commercial, healthcare, educational, and government projects across the Kingdom.

The Role of Project Risk Manager

Albawani is seeking a Project Risk Manager to join its team in Riyadh, Saudi Arabia. This full-time role is central to ensuring risk-informed decision-making across projects. The Project Risk Manager will conduct qualitative and quantitative risk analyses, supporting Project Directors and senior leadership in safeguarding project objectives related to cost, schedule, quality, safety, and contractual performance. The role acts as a strategic partner, providing objective risk insights, facilitating risk treatment initiatives, and ensuring effective implementation of risk responses that translate into measurable project outcomes.

Key Responsibilities

• Develop, implement, and maintain project risk management frameworks, procedures, methodologies, and reporting standards.
• Establish and manage project risk registers, ensuring risks and opportunities are identified, assessed, owned, and tracked throughout the project lifecycle.
• Facilitate risk workshops, brainstorming sessions, and periodic risk reviews with project teams and stakeholders.
• Lead qualitative and quantitative risk assessments for major projects and programs.
• Perform Schedule Risk Analysis (SRA) and Cost Risk Analysis (CRA) using recognized methodologies and specialized software.
• Conduct Monte Carlo simulations and contingency modeling to evaluate project uncertainties and forecast potential impacts.
• Develop and facilitate the implementation of risk response and mitigation strategies.
• Ensure risk owners establish actionable mitigation plans with defined responsibilities and timelines.
• Monitor the effectiveness of mitigation actions and evaluate residual risk exposure.
• Act as an adviser to Project Directors, Project Managers, and senior leadership on project risk exposure and mitigation strategies.
• Engage with clients, consultants, subcontractors, and joint venture partners regarding project risks and mitigation initiatives.
• Present risk exposure assessments and recommendations to project and executive management.
• Monitor key risk indicators (KRIs) and project performance trends.

Qualifications and Experience

• Minimum of 15 years of experience in the construction industry.
• At least 10 years of experience in dedicated Project Risk Management roles.
• A minimum of 5 years of experience in managerial positions.
• Previous hands-on project delivery experience as a Construction Engineer, Site Engineer, Planning Engineer, Scheduler, Cost Engineer, or Cost Control Engineer.
• Proven experience on large-scale Design & Build, EPC, infrastructure, industrial, and civil mega projects from a contractor perspective.
• Experience using Primavera P6.

Work Location

This position is based in Riyadh, Saudi Arabia.