Risk Engineer

Full time at Dar Al Riyadh Consultants in Saudi Arabia

Posted on February 24, 2025

Job details

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.

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