Project Risk Manager

Who we are: Albawani is one of the leading construction and contracting companies in Saudi Arabia. Established in 1991, the company has grown from a small civil works contractor into a major diversified group with operations across construction, infrastructure, engineering, water and power, and industrial services. Headquartered in Riyadh, Albawani is recognised for delivering large-scale commercial, healthcare, educational, and government projects throughout the Kingdom. Albawani is known for its strong commitment to quality, safety, and innovation, holding several international ISO certifications and a Class-1 contractor ranking in Saudi Arabia. Job Title: Risk Manager Department: Project Control Role Purpose: The Risk Manager is responsible for risk-informed decision-making, conducting qualitative and quantitative risk analyses, and supporting Project Directors and senior leadership in protecting project objectives related to cost, schedule, quality, safety, and contractual performance. The role acts as a strategic business partner to project leadership by providing objective risk insights, facilitating risk treatment initiatives, and ensuring that risk responses are effectively implemented and translated into measurable project outcomes. Key Duties & Responsibilities: Develop, implement, and maintain project risk management frameworks, procedures, methodologies, and reporting standards across projects. Establish project risk registers and ensure risks and opportunities are identified, assessed, owned, and managed throughout the project life cycle. Facilitate risk workshops, brainstorming sessions, and periodic risk reviews with project teams and stakeholders. Lead qualitative and quantitative risk assessments for major projects and programs. Perform Schedule Risk Analysis (SRA) and Cost Risk Analysis (CRA) using recognised methodologies and specialised software. Conduct Monte Carlo simulations and contingency modelling to evaluate project uncertainties and forecast potential impacts. Develop and facilitate implementation of risk response and mitigation strategies. Ensure risk owners establish actionable mitigation plans with defined responsibilities and timelines. Monitor effectiveness of mitigation actions and evaluate residual risk exposure. Act as a trusted adviser to Project Directors, Project Managers, and senior leadership on project risk exposure and mitigation strategies. Engage with clients, consultants, subcontractors, and joint venture partners regarding project risks and mitigation initiatives. Present risk exposure assessments and recommendations to project and executive management. Monitor key risk indicators (KRIs) and project performance trends. Job Requirements: Bachelor’s degree in civil engineering, Construction Engineering, Project Management, or related discipline. PMI-RMP (Project Management Institute – Risk Management Professional) Certification is mandatory. Minimum 15 years of construction industry experience, including at least 10 years in dedicated Project Risk Management roles and 5 years in managerial positions. Previous hands-on project delivery experience as a Construction Engineer, Site Engineer, Planning Engineer, Scheduler, Cost Engineer, or Cost Control Engineer. Proven experience on large-scale Design & Build, EPC, infrastructure, industrial, and civil mega projects from a contractor perspective. Experience using Primavera P6. Show more Show less