Risk Analyst

Responsibilities

• Fully engage in all development and delivery activities, from a risk management perspective, as and when directed.
• Supporting the development of a Risk culture across the Programme.
• Support the Senior Risk Manager in developing and maintaining the Risk management plan.
• Provide Risk Management advice/ guidance to Project Managers by preparing and developing the tailored and detailed Risk Management Plans required to manage Project Execution in line with the Project Management Procedures.
• Read and understand involved procedural, technical, or specialised instructions to understand the project context and confirm an appropriate risk management approach.
• Determine the most appropriate processes, techniques, or methods to apply to best manage risk.
• Effectively communicate and present good risk management practice to all staff at the project development stage and throughout the project’s life cycle.
• Retrieve background information from Project Managers/ project documentation surrounding the new project, its environment and lessons learnt from previous related projects to ensure the capture of all relevant information for creation of a fit for purpose risk register.
• Research into projects key stakeholders prior to risk workshops to inform the capture of appropriate risks.
• Organise risk workshops with all relevant attendees to ensure effective contributions to the forming of the risk register.
• Effectively facilitate Risk Workshops/ brainstorming sessions and 1 - 2 -1 meetings to capture risks to formulate a well-defined risk register.
• During risk workshops/ reviews, raise for discussion any new risks/ challenges that may need to be considered, based on your previous experience or knowledge of similar projects helping to develop and recommend appropriate actions where possible.
• Ensure all required information is captured clearly and unambiguously within the Risk Register, including owners, actions, dates, categories, and assumptions, as defined in the Risk Management Procedures.
• Capture and manage risk and mitigation information in an agreed format e.g., Excel based Risk Register, or the Risk Management System.
• Lead the identification and development of risk mitigation and/or action plans within the civil works programme and/or site construction programme.
• Produce accurate periodic risk update reports to inform programme management.
• Highlight risks that may require higher level management for resolution or escalation.
• Carry out Quantitative Risk Analysis (QRA) using industry recognised Risk analysis software.
• Review QRA outputs and have the ability to provide recommendations to key stakeholders (e.g., Project Manager) on the significance of the potential delays/ cost overruns to the project.
• Ensuring the Quality/ suitability of Cost & Schedule models for QSRA & QCRA
• Actively encourage and embed the risk management culture by conducting training and providing guidance to improve competency across the civil works Programme in line with local and PMO requirements. Collaborate with other Project Controls disciplines to align Schedule and financial risks and maintain alignment with best practice guidelines.
• Recommend/ implement continuous process improvements as and when required.

Qualifications

• 3 to 6 years Demonstrable Risk Management experience on Major Projects/ Programmes.
• Risk management – Vocational or Formal training
• Monte-Carlo data analysis tool experience
• Experience of developing QSRA models
• Risk management application knowledge at project & programme levels.

Desirable

• Demonstrable use of numerical and verbal communication skills within a business environment
• Membership of one or more risk or project management organisations e.g., APM, PMI, IRM, CERA or a suitable equivalent.
• Data analysis
• P6, Microsoft Project or similar planning tool experience
• Presentation skills