Director - Risk Management - Large-Scale Development Projects

Overview

Join Qiddiya Investment Company as the Director of Risk Management, playing a pivotal role within the development management team focused on the hospitality sector's dynamic projects. This senior position involves establishing and sustaining comprehensive risk registers and reports that underpin effective decision-making and strategic goals throughout the project lifecycles.

Key Responsibilities

• Develop, implement, and continuously improve a robust Qiddiya Program risk management framework, including procedures, templates, and processes.
• Lead the identification and evaluation of diverse risks impacting real estate development and construction, encompassing financial, operational, technical, and legal dimensions.
• Carry out ongoing risk assessments and scenario analyses to anticipate and mitigate potential project exposures.
• Maintain accurate, up-to-date risk registers and databases.
• Create and execute strategies to reduce or eliminate high-impact risks, ensuring corrective measures are applied effectively.
• Embed risk management practices within project execution by collaborating closely with project teams.
• Lead periodic risk reporting, including development and monitoring of key risk indicators (KRIs) to assess project risk profiles.
• Track and communicate risk status throughout all project phases, escalating emerging risks promptly.
• Provide insights into changing risk landscapes and emerging threats to project success.
• Guide and mentor the risk team, fostering a culture of continuous learning and improvement.
• Oversee implementation of risk management plans across Programs and Portfolios, producing relevant Risk Registers and Dashboards.
• Ensure comprehensive risk data capture and assessments across all Program and Project aspects.
• Direct risk treatment identification and ensure monitoring and review processes are effective.
• Deliver necessary training and support to program and project teams regarding risk management.
• Identify risk profile changes influencing treatment effectiveness due to personnel, work, or environment shifts.
• Monitor compliance with industry best practice standards including auditing risk management procedures and assessing Risk Maturity within Executive Portfolios.
• Review and authorize Quantitative Risk Modeling reports such as QSRA and QCRA.
• Collaborate with project teams to integrate risk mitigation actions into project plans, schedules, and budgets.

Qualifications and Experience

• Bachelor's degree in Risk Management, Construction Management, Business Studies, Finance, or related discipline.
• Preferred professional certifications: Chartered Risk Analyst (CRA), Certified Risk Management Professional (CEMP), or Project Management Professional (PMP).
• 10 to 15 years of risk management experience focusing on real estate development, construction, or large infrastructure, with a minimum of 5 years managing risk on mega project developments.
• Demonstrated success implementing risk management strategies at senior levels.

Skills and Competencies

• Exceptional leadership and communication capabilities with ability to influence project teams and stakeholders.
• Analytical, strategic thinker who proactively addresses risk issues.
• Thorough understanding of risk management frameworks, tools, and regulatory requirements for construction and development projects.
• Ability to prioritize and deliver results under pressure with competing deadlines.
• Strong decision-making, problem-solving skills, and stakeholder management expertise.
• Forward-looking strategic mindset with financial literacy related to project financing risks.
• Familiarity with Active Risk Management (ARM) software is a plus.