Director Risk DA📣 Job Ad

About the Role

Qiddiya is seeking a Director - Risk to join its development management team in Riyadh. This full-time position requires a professional with over 10 years of experience to play a key role in establishing and maintaining robust risk management frameworks and reports to support strategic decision-making across diverse projects.

Role Overview

The Director - Risk will be responsible for developing, implementing, and overseeing comprehensive risk management strategies aligned with Qiddiya's objectives, particularly for large-scale development and construction projects. This role involves proactively identifying, assessing, mitigating, and monitoring risks throughout all project phases, from planning to construction, to safeguard the company's interests and ensure successful project delivery.

Key Responsibilities

• Establish and continuously improve the Qiddiya Program risk management framework, procedures, templates, and processes.
• Oversee the identification and assessment of risks in real estate development and construction projects, including financial, operational, technical, and legal aspects.
• Conduct regular risk assessments and scenario analyses for current and future projects.
• Ensure accurate maintenance and regular updates of risk registers and databases.
• Design and implement risk mitigation strategies for high-impact risks and ensure corrective actions are taken.
• Collaborate with project teams to embed risk management practices into project execution.
• Lead regular risk reporting, including the development of Key Risk Indicators (KRIs).
• Track and report risks through all project lifecycle phases and escalate emerging risks promptly.
• Provide periodic updates and insights on evolving risks and potential future threats.
• Lead and mentor the risk management team, fostering continuous learning and improvement.
• Guide the Qiddiya Program and Portfolios in implementing the risk management plan.
• Lead the implementation of Program and Project risk management plans and produce relevant registers and reports.
• Ensure appropriate risk data is captured and risk assessments are conducted across the Qiddiya Program and Projects.
• Provide leadership to ensure risk treatments are identified and effective monitoring and review processes are undertaken.
• Implement necessary training and provide support to the Qiddiya Program and Project teams.
• Identify changes to the risk profile, personnel, work, or work environment that may affect risk treatment effectiveness.
• Monitor compliance against best practice standards and codes, including auditing risk management plans and assessing Risk Maturity.
• Review and approve Quantitative Risk modelling reports, including QSRA and QCRA.
• Collaborate with project teams to integrate risk controls into project plans, schedules, and budgets.

Qualifications and Experience

• Bachelor's degree in risk management, construction management, Business Studies, Finance, or a related field.
• Professional certifications such as Chartered Risk Analyst (CRA), Certified Risk Management Professional (CEMP), or Project Management Professional (PMP) are preferred.
• 10-15 years of experience in risk management, with significant experience in real estate development, construction, or large-scale infrastructure projects.
• At least 5 years of experience in mega project construction/development.
• Proven track record of successfully implementing risk management strategies at a senior level.

Required Skills and Competencies

• Strong leadership and communication skills, with the ability to influence and guide project teams.
• Analytical and strategic thinking with a proactive approach to risk management.
• In-depth knowledge of risk management tools, frameworks, and regulatory requirements specific to construction and development projects.
• Ability to work under pressure, manage competing priorities, and meet tight deadlines.
• Strong decision-making and problem-solving abilities.
• Effective collaboration and stakeholder management skills.
• Strategic vision and forward-thinking risk management approach.
• Financial acumen and understanding of project financing risks.
• Working knowledge of Active Risk Management (ARM) software is preferred.