Project Risk Manager

About the Role

Albawani is seeking a Risk Manager - Project to join their team in Riyadh, Saudi Arabia. This full-time role is crucial for ensuring risk-informed decision-making and supporting Project Control Directors and senior leadership in safeguarding project objectives related to cost, schedule, quality, safety, and contractual performance. The Risk Manager will act as a strategic business partner, providing objective risk insights and facilitating effective risk treatment initiatives.

Key Responsibilities

• Develop, implement, and maintain project risk management frameworks, procedures, methodologies, and reporting standards across projects.
• Establish and manage project risk registers, ensuring risks and opportunities are identified, assessed, owned, and managed throughout the project lifecycle.
• Facilitate risk workshops, brainstorming sessions, and periodic risk reviews with project teams and stakeholders.
• Ensure alignment of project risk management practices with corporate governance requirements and international best practices.
• Monitor risk management maturity and drive continuous improvement initiatives across projects.
• Hold stakeholders accountable for the implementation of agreed risk treatment actions and the escalation of unresolved issues.
• Act as a trusted advisor to Project Directors, Project Managers, and senior leadership on project risk exposure and mitigation strategies.
• Support strategic decision-making through risk-based analysis and scenario planning.
• Engage with clients, consultants, subcontractors, and joint venture partners regarding project risks and mitigation initiatives.
• Facilitate communication of key project risks and opportunities across all project stakeholders.
• Prepare executive-level risk reports, dashboards, heat maps, and trend analyses.
• Present risk exposure assessments and recommendations to project and executive management.
• Monitor key risk indicators (KRIs) and project performance trends.
• Support project audits, reviews, and assurance activities related to risk management.
• Benchmark risk management practices and recommend improvements based on lessons learned and industry best practices.

Required Qualifications and Experience

• Minimum of 15 years of construction industry experience, including at least 10 years in dedicated Project Risk Management roles and 5 years 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.
• Extensive knowledge of project controls, planning, scheduling, cost management, engineering, procurement, construction, and contract administration.
• Advanced expertise in Qualitative Risk Assessment, Quantitative Risk Analysis, Schedule Risk Analysis (SRA), Cost Risk Analysis (CRA), Monte Carlo Simulations, Contingency Modelling, and Risk-Based Decision Support.
• Demonstrated ability to lead risk treatment initiatives and ensure successful implementation of mitigation measures.
• Strong capability to influence project teams, challenge assumptions constructively, and drive a proactive risk management culture.
• Proven experience supporting Project Directors and Executive Management in strategic decision-making.
• Strong understanding of international project risk management standards and best practices.

Work Environment

This role is based in Riyadh, Saudi Arabia, and operates on a full-time basis within the construction industry. The successful candidate will work within a dynamic environment, collaborating with various project stakeholders and senior leadership.