Senior Risk Management Specialist

7 days ago

Riyadh, Saudi Arabia Serco Plc Full time

Make a difference every day

Your Opportunity
We are looking for a Senior Risk Management Specialist who will be responsible to support in the delivery of Serco’s contractual obligations by ensuring the successful implementation of the project.

The purpose of this role will be to create and facilitate Risk Management Plans & Strategies in support of the Ministry’s transformation programme as well as management of outsourced consultants and O&M contractors on behalf of the client.

The purpose of the project under this contract is to provide consulting and management support to a Ministry in KSA with the necessary tools to manage and maintain assets and facilities, through improving activities to meet service requirements, developing business strategies that ensure reducing costs of the life cycle of assets, and improving practices to increase efficiency and effectiveness. It includes but not limited to long-term management of assets, facilities, resources, and services to improve performance, reduce costs and manage the life cycle. In brief, the scope is for the provision of consulting, technical, management and administrative support for facilities and asset management works.

The build it new/ spending era has been and gone. Serco helps businesses and governments maximize ROI and extend the life of their assets. We manage their assets and people and use our data and insights to improve the experience of anyone who interacts with their products or services. We drive operational and cost efficiency on key services through process improvement, innovation and transforming citizen experience providing our Client with Consulting Services to Support Assets and Facilities - Facilities Department.

This role will be based in Riyadh.

Key accountabilities Establishing controls to manage risks Overall risk and opportunity management Promotes a proactive and collaborative approach to resolving and mitigating risks by all members of project teams. Develops and implements a strategy to identify and manage risks that threaten the success of each project as well as opportunities to realize benefits. These strategies shall take into account existing contract requirements and processes such as “Early Warning Notification”. The consultant ensures that the probability and consequences of positive events are enhanced, and the probability and consequences of negative events are minimized on objectives, and applies a systematic process to identify, analyze and respond to contract risks. Risk Management Planning: Decides how to address and plan risk management activities. Risk Identification: Conduct formal training to identify the obvious risks and features of each contract that may cause time and cost to exceed or result in not achieving the necessary quality and operational requirements. Qualitative Risk Analysis: After identifying the risks, conduct a qualitative analysis of the risks and surrounding conditions to determine the extent of their impact on the objectives. Quantitative Risk Analysis: After the qualitative risk analysis, conduct a quantitative risk analysis by measuring the probability of risks and their consequences and estimating their implications for the project objectives and asset management. Risk Response Planning: Applied necessary procedures and methods to enhance the chances of achieving the objectives of each project and asset and reduce threats by avoiding, transferring, mitigating and acknowledging risks. Make recommendations to the client on tactical decisions on ways in which risks can be controlled, by reducing the probability of occurrence or minimizing the impact. It will also identify ways to improve performance, such as appointing additional staff, detailed work procedures, incentives, use of components, standard sizes, effective communication, detailed planning, and more focused management activity. Risk Monitoring and Control: Monitors other risks, identifies new risks, implements risk reduction plans, and evaluates their effectiveness. Identifies all current risks (and opportunities) facing each contract. Assesses the risks using probabilistic analysis (probability versus impact), identifies the risks in terms of cost or time impacts, and then proposes strategies to mitigate or avoid the risks and prepares a risk register and presents it to the client for consideration. Strategies and risk register are monitored, discussed at regular risk management meetings, and recorded in monthly contract status reports. In the case of opportunities, the consultant identifies the opportunity and recommends a training course to the client to seize the opportunity or enhance its benefit while estimating the time or cost benefits and the level of expenditure necessary to achieve those benefits. The opportunity is seen as an initiative that reduces operational costs Conduct any other risk management tasks as requested by the FM Strategic Planning Manager Preparing and managing the financial risk reg

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