Risk Director

2 days ago

Riyadh, Ar Riyāḑ, Saudi Arabia Mace Group Saudi Full time
Roles and responsibilities
  • Accountable for the risk management performance on assigned commissions.
  • Creates/designs effective risk management frameworks.
  • Manages and directs clients, consultants, contractors, project team on all risk management matters.
  • Is a trusted advisor to and builds strong professional relationships with client organisations.
  • Acts as the risk management subject matter expert on assigned projects.
  • Leads and directs the delivery of quantitative risk analysis (cost and time).
  • Advises on the adequacy of contingency as part of the regular reporting cycle as required.
  • Ensures all activities/operations are carried out in line with Mace control centre, client requirements and prevailing legislation.
  • Provides line management to more junior risk managers and other project staff as required.
  • Utilises expertise to mentor and assist the personal and career development of junior members of risk team.
  • Innovates and aligns with industry best practice to ensure continued service excellence.
  • Leads the delivery of a high performing risk team on the assigned commission.
  • Supports the hub risk lead with resourcing and recruitment for the assigned commission.
  • Works collaboratively towards the common goal of net zero carbon transition and share responsibility for the proactive identification and management of the associated carbon emissions and reductions during the delivery of work.

You'll Need To Have

  • Relevant degree qualification.
  • Excellent communications skills.
  • A hunger for learning and ambition to grow.
  • Significant experience of effective risk leadership on significant construction projects.
  • Significant experience of setting up effective risk management frameworks.
  • Expert knowledge of risk tools, techniques and software (e.g., Active Risk Manager, riskHive, @risk, Primavera Risk Analyser).
  • Ability to manage activities with significant uncertainty of solution or outcome.
  • Comprehensive knowledge planning tools (e.g. Programme P6, Astra, MS project).
  • Practical knowledge of Power BI and other reporting suite tools.
  • Strong understanding of construction projects, decencies and interfaces within the project lifecycle.
Desired candidate profile
  • Risk Management Frameworks: Expertise in developing and implementing enterprise-wide risk management frameworks, including risk identification, risk assessment, risk control, and risk mitigation strategies.
  • Risk Assessment and Analysis: Deep understanding of qualitative and quantitative risk assessment methodologies and tools (e.g., Risk Matrices, Monte Carlo simulations, Scenario Analysis).
  • Enterprise Risk Management (ERM): Strong experience with ERM frameworks, ensuring that the organization identifies and manages risks across all functions (e.g., financial, operational, strategic, compliance, and reputational).
  • Financial and Operational Risk Management: Ability to assess and mitigate both financial (e.g., credit, market, liquidity risks) and operational risks (e.g., supply chain, IT systems, cybersecurity).
  • Regulatory Knowledge: Familiarity with relevant local and international regulations and standards (e.g., Basel III, Solvency II, Dodd-Frank Act, GDPR).
  • Crisis Management and Business Continuity: Experience in leading crisis management and business continuity planning, ensuring that the organization is prepared for and can effectively respond to risk events.
  • Risk Reporting and Communication: Proficiency in developing and presenting risk reports to senior management, board members, and other stakeholders, ensuring that risk information is communicated clearly and accurately.
  • Insurance and Hedging Strategies: Experience in evaluating and managing insurance policies, including D&O, liability, and cybersecurity insurance, as well as hedging strategies for financial risks.
  • Data Analytics and Risk Modeling: Strong skills in data analysis and the ability to use risk modeling tools and software (e.g., @Risk, SAS, R or Python for statistical modeling).
  • Leadership and Stakeholder Engagement: Ability to lead a team of risk professionals, work with senior leadership to align risk management with business strategy, and engage with external stakeholders such as regulators and insurers.

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