Senior Risk Management Specialist

The purpose of the project under this contract is to provide consulting and management support to a Ministry in KSA with the necessary tools to manage and maintain assets and facilities, through improving activities to meet service requirements, developing business strategies that ensure reducing costs of the life cycle of assets, and improving practices to increase efficiency and effectiveness.

It includes but not limited to long-term management of assets, facilities, resources, and services to improve performance, reduce costs and manage the life cycle.

In brief, the scope is for the provision of consulting, technical, management and administrative support for facilities and asset management works.

We are looking for a Senior Risk Management Specialist to create and facilitate Risk Management Plans & Strategies in support of the Ministry's transformation programmed as well as management of outsourced consultants and O&M contractors on behalf of the client.

The ideal candidate should have the ability to liaise in a professional manner with staff at all levels in the organization and with external parties, and to handle confidential information appropriately.

The Senior Risk Management Specialist will report into the FM Strategic Planning Manager and will be based in Riyadh.

Key Accountabilities

• Risk Identification: Conduct formal training to identify the obvious risks and features of each contract that may cause time and cost to exceed or result in not achieving the necessary quality and operational requirements.

• Qualitative Risk Analysis: After identifying the risks, conduct a qualitative analysis of the risks and surrounding conditions to determine the extent of their impact on the objectives.

• Quantitative Risk Analysis: After the qualitative risk analysis, conduct a quantitative risk analysis by measuring the probability of risks and their consequences and estimating their implications for the project objectives and asset management.

• Risk Response Planning: Applied necessary procedures and methods to enhance the chances of achieving the objectives of each project and asset and reduce threats by avoiding, transferring, mitigating, and acknowledging risks.

• Make recommendations to the client on tactical decisions on ways in which risks can be controlled, by reducing the probability of occurrence or minimizing the impact. It will also identify ways to improve performance, such as appointing additional staff, detailed work procedures, incentives, use of components, standard sizes, effective communication, detailed planning, and more focused management activity.

• Risk Monitoring and Control: Monitors other risks, identifies new risks, implements risk reduction plans, and evaluates their effectiveness.

• Identifies all current risks (and opportunities) facing each contract. Assesses the risks using probabilistic analysis (probability versus impact), identifies the risks in terms of cost or time impacts, and then proposes strategies to mitigate or avoid the risks and prepares a risk register and presents it to the client for consideration.

• Strategies and risk (and opportunities) facing each contract. Assesses the risks using probabilistic analysis (probability versus impact), identifies the risks in terms of cost or time impacts, and then proposes strategies to mitigate or avoid the risks and prepares a risk register and presents it to the client for consideration.

• Strategies and risk register are monitored, discussed at regular risk management meetings, and recorded in monthly contract status reports. In the case of opportunities, the consultant identifies the opportunity or enhance its benefit while estimating the time or cost benefits. The opportunity is seen as an initiative that reduces operational costs.

• Conduct any other risk management tasks as request by the FM Strategic Planning Manager.

• Preparing and managing the financial risk register in the manner required by the client.

Specific Requirements

• In-depth knowledge of strategic planning methods, concepts, and tools.

• In-depth knowledge Risk Management Planning methods and Strategies

• Exceptional analytical and problem-solving skills.

• Excellent communication and presentation skills.

• Ability to develop strong relationships with stakeholders.

• Ability to interpret and analyze large volumes of data in a concise and accurate manner.

• In-depth knowledge of Risk/Financial/Strategic reports, concept/strategic/operational models, and industry standards.

• Bachelor's Degree in relevant field is mandatory

• Master's Degree is preferable

• Good time management and organizational skills.

• Ability to develop self and contribute to the development of others across the Team.

• Excellent communication skills, both written and verbal.

• The ability to manage multiple tasks efficiently and work productively in a fast-paced, team-oriented environment.

• Strong analytical and strategical skills.

• Practical experience in the Kingdom of Saudi Arabia.

• Experience in quality services and studies.

• Experience in risk analysis engineering.

• Minimum 10 years' Experience

What's in it for you?

At Serco, our core values drive everything we do, and we believe in fairly compensating our colleagues for the value they bring to our organization. We are proud to offer a total reward package at Serco which includes:

• Competitive monthly pay and allowances that are commensurate with the role and industry standards

• Comprehensive medical insurance coverage and life insurance, so our employees can feel secure in their health and financial wellbeing

• We recognize the importance of work-life balance, which is why we offer competitive leave benefits that exceed industry standards

• We offer an annual airfare allowance to support our expat colleagues to stay in touch and visit their loved ones

• We pride ourselves on providing a supportive work environment where we foster a positive Safety-First culture

• We care deeply about our colleagues' wellbeing and offer access to wellbeing programs and platforms to support their physical, mental, and emotional health.

• As a global organization, we offer a vast array of career paths for our employees to choose from. The scale and breadth of our organization provides our colleagues with opportunities for growth and variety in their career path, both regionally and globally.