Project Risk Director - MBS Stadium - SPA 217 20004067

The Risk Director is responsible for overseeing risk management across the project development lifecycle from inception through design, construction and to handover of deliverables. The individual ensures that potential risks are identified, evaluated, mitigated, and controlled to support the successful delivery of the project/s. This role involves close collaboration with project teams, stakeholders, and senior management to establish robust risk management strategies in complex and large-scale development projects.

Essential duties and responsibilities

1. Implement the Qiddiya Development Risk Framework comprising procedures, templates and processes, and seek continuous improvement

2. Provide the leadership to guide the Qiddiya project team in implementing the risk management plan

3. Implement the Project(s) risk management plan and produce Portfolio and Project Risk Register(s)

4. Lead comprehensive risk management across all aspects of the $1 billion MBS Stadium project, ensuring successful delivery of this cliff-top engineering marvel.

5. Lead the preparation of project wide Risk Register and Risk Dashboard and other reports as may be specified, or ad hoc reports as required covering technical, commercial, environmental and operational risks

6. Ensure that the appropriate risk data is captured and that risk assessments are carried out on all aspects of the Project

7. Ensure that risk treatments are identified, and effective monitoring and review processes are undertaken across the Project

8. Implement the necessary guidance and provide support to the Qiddiya Project team

9. Identify changes to the risk profile, personnel, the work, or the work environment that may change the effectiveness of risk treatments

10. Inform insurers of significant changes to the risk profile as required by any Policy of Insurance or other agreement

11. Monitor compliance against best practice standards, codes, and Development risk framework including the assessment of Risk Maturity on the project

12. Manage the assessment of the potential impacts of identified risks

13. Lead and undertake Quantitative Risk modelling, including the Quantitative Schedule Risk Analysis (QSRA) and Quantitative Cost Risk Analysis (QCRA) quarterly reports.

14. Chair monthly risk review meetings

15. Initiate & facilitate risk workshops with project teams to collect and record potential risks and risk drivers.

16. Conduct comprehensive risk assessments during the project development lifecycle from inception through design, construction and to handover of deliverables.

17. Collaborate with project teams to integrate risk controls into project plans, schedules, and budgets.

Requirements

• 20 years of risk management experience on large-scale complex infrastructure projects ($500M+ value)
• Bachelor's degree in Engineering, Construction Management, Risk Management, or related field required.
• Essential experience in heavy engineering projects, long-span bridges, oil & gas megaprojects, or complex infrastructure in challenging environments.
• Knowledge of Active Risk Manager and Safran software
• Proven track record managing risks on projects with international construction consortiums and complex stakeholder environments.
• Professional engineering license, chartered engineer status, or additional risk certifications (PMP, CPCU, FRM) preferred.
• Advanced knowledge of quantitative and qualitative risk assessment methodologies and risk management software.
• Strong understanding of construction contracts (FIDIC preferred), project scheduling, and critical path analysis.
• Excellent communication skills with ability to effectively convey risk strategies to C-suite executives and technical teams.

Benefits

Comprehensive benefits package