Risk Engineer

Key Responsibilities:

• Risk Identification and Assessment:
  • Identify potential risks across infrastructure projects, including design, procurement, construction, and commissioning stages.
  • Conduct qualitative and quantitative risk assessments and provide comprehensive reports on potential project risks.
  • Work closely with project managers, engineers, and other stakeholders to ensure a thorough understanding of project-specific risks.
• Risk Mitigation and Control:
  • Develop and implement risk management plans and strategies, working alongside the project team to mitigate risks before they impact the project timeline or cost.
  • Develop and maintain a risk register that is continually updated and communicated to all relevant stakeholders.
  • Recommend preventive and corrective actions to mitigate risks and minimize potential disruptions to the project.
• Monitoring and Reporting:
  • Track the progress of risk mitigation actions, ensuring they are completed on time and within scope.
  • Prepare and present regular risk reports to senior management, detailing the status of identified risks and any new risks that may have emerged.
  • Provide insights and recommendations to enhance the risk management process on future projects.
• Collaboration with Stakeholders:
  • Work closely with the design, construction, procurement, and commissioning teams to ensure risks are effectively managed across all phases of the project.
  • Coordinate with external consultants, contractors, and clients to ensure alignment on risk management strategies and actions.
• Compliance and Standards:
  • Ensure all risk management processes comply with local regulations, international standards, and industry best practices.
  • Stay updated on the latest risk management methodologies and tools, integrating them into Dar Al Riyadh’s risk management procedures.

Qualifications and Experience:

• Education:
  • Bachelor's degree in Engineering (Civil, Mechanical, Electrical, or a related field). A Master's degree in Project Management or Risk Management is a plus.
• Experience:
  • Minimum of 5-7 years of experience in risk management for large infrastructure projects, with a proven track record in Project Management Consultancy (PMC).
  • Experience working on infrastructure projects such as roads, bridges, utilities, or large-scale development projects.
  • Knowledge of risk management software tools and methodologies, such as Monte Carlo simulations, Risk Register management, and FMEA (Failure Mode and Effects Analysis).
• Skills and Competencies:
  • Strong understanding of project management processes, risk analysis, and mitigation strategies in the context of infrastructure projects.
  • Proficiency in MS Office Suite (Excel, Word, PowerPoint), risk management software (e.g., @Risk, Primavera, Asta Powerproject), and project management tools.
  • Excellent analytical, problem-solving, and communication skills.
  • Ability to work in a fast-paced, dynamic environment with multiple stakeholders.
  • Strong interpersonal skills with the ability to collaborate effectively with multidisciplinary teams.
• Certifications (Preferred):
  • PMI-RMP (Risk Management Professional) or similar certifications are highly desirable.
  • Certified Risk Manager (CRM) or equivalent professional certification in risk management.