Risk Management Lead

17 hours ago


Riyadh, Ar Riyāḑ, Saudi Arabia Federal Management System, Inc. Full time

Job Description:

  • Overall Objective: Ensure effective risk management practices across the organization.
Risk Management Responsibilities
  • Risk Identification: Conduct quarterly and on-demand risk reviews with operational project entities to identify potential risks.
  • Risk Monitoring: Maintain accurate recording of risk activities in accordance with established practices.
  • Risk Reporting: Adhere to reporting timelines for the Board Risk Management Committee and business set schedules.
  • Risk Analysis: Ensure quality and accuracy of risk registers and reports.
Context Monitoring & Communication
  • External Context: Monitor external and internal context via specified channels.
  • Internal Stakeholder Communication: Communicate with relevant internal stakeholders for data acquisition and support related to risk management activities.
  • Risk Uncertainties: Report uncertainties with potential influence on risks to relevant internal stakeholders.
  • BU Operation Engagement: Engage in BU Operation periodic meetings to stay up-to-date and provide inputs where needed.
Reporting & Analysis
  • Risk Aggregation: Conduct risk aggregation from project level to cluster level and from cluster level to Business Unit level in line with set methods.
  • Risk Meetings: Perform quarterly risk meetings with BU Operation and Operation Cluster head in preparation for GEO Risk Committee.
  • Risk Quantification: Perform risk quantification in line with set methods.
  • Risk Reports: Prepare risk reports across mandated reporting processes.
  • Risk Transition: Transition risk management system for projects transitioning from construction to operation phase, including risk register, risk management policy, procedure, and risk reporting formats.
  • Risk Policy Development: Develop and periodically update risk management policy and procedure for project companies in operation phase.
  • Risk Enhancement: Develop and lead enhancement of risk management practices in line with risk management framework, procedures, and plans.
  • Risk Training: Conduct risk management training workshops and sessions at project, cluster, and GEO levels.
  • Risk Onboarding: Onboard new risk owners and risk champions for risk management.
  • Risk Site Visits: Visit project sites for familiarization and deliver risk management sessions to project teams in coordination with risk owners and risk champions.
  • Risk Culture: Contribute to overall risk culture and set tone in area of scope.
  • Support and Guidance: Support departmental periodic and on-demand activities and enhance competency of direct reports.


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