Basic Functions / Objective & Authorities:
Risk Manager will monitor the Contract Risks that may impact the service deliverables, taking account of any negative impacts that may result in not meeting the contract deliverables and special events that may cause negative publicity and damage to Company Reputation. The role ensures that all risks related to operations, financial, contractual, and reputational aspects are identified, assessed, monitored, and mitigated.
Risk Manager will guide the organization towards proactive risk management and ensure compliance with client requirements and international best practices.
Responsibilities:
- Develop and implement the contract鈥檚 Risk Management Framework, policies, and procedures.
- Identify, assess, and prioritize potential risks (operational, safety, contractual, financial, reputational, and environmental).
- Establish and promote a strong risk-aware culture across all levels of the project team.
- Conduct qualitative and quantitative risk analysis (e.g., Risk Matrices, FMEA, Monte Carlo simulations) to evaluate the probability and impact of identified risks.
- Maintain a dynamic project risk register and ensure it is regularly updated.
- Establish risk registers and ensure risks are continuously monitored, updated, and reported.
- Lead risk workshops with project teams, client representatives, and stakeholders.
- Provide expert analysis of potential risk impacts and develop mitigation and contingency plans.
- Monitor the effectiveness of risk controls and ensure corrective actions are implemented.
- Coordinate with HSE, Operations, Finance, and Legal teams to ensure integrated risk management.
- Prepare periodic Risk Reports and dashboards for top management and client review.
- Support contract management in claims avoidance, dispute resolution, and contractual risk matters.