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Risk Management Analyst

  • Location: Channelview, Texas, 77530
  • Job Type:Contract

Posted 7 days ago

Terrific 6+ month contract opportunity in Channelview, TX for a Risk Management Analyst. Will monitor projects so that they adhere to the project risk management procedures and provide advice to project manager and sponsors by carrying out risk assessments. Will be responsible for design, implementation and integration of risk management at all levels throughout the enterprise. Will provide dedicated business support to those areas of key strategic importance, including providing independent project risk management support to our Global Project team which undertake a large portfolio of capital investment projects which help shape the future growth of the company. Will act as a project risk analyst for one of the major profit generating capital investment projects and will also have the opportunity to support the ERM function in the rollout of the wider ERM framework. Will provide support to the Project Risk Manager on the design of project risk plans, help to maintain project risk registers, assist in complex qualitative and quantitative analysis and provide facilitation, guidance and training to project teams. 

Responsibilities include:
•    Championing/facilitating/involvement in implementation of the Project Risk Management Execution Plans for a large complex project (~$3B) and meet existing corporate risk expectations/requirements.
•    Facilitate the identification and analysis of risk management on project throughout the project lifecycle.
•    Carry out qualitative, quantitative assessments to give the best advice to project managers and project directors on proposed risk-based contingencies.
•    Manage so that projects have a risk register to record outputs of the risk process, ensure that the risk data is accurate, timely and relevant and that appropriate risk responses such as dedicated actions plans are in place and being acted upon within agreed timeframes and escalated if timeframes are missed.
•    Provide regular reports to project managers on the risk status of projects including Risk Management KPIs and provide advice on the management of contingency to help provide assurance that the project is delivered to meet budget expectations.
•    Assists in the development of management reporting related to changes in the risk profile such as highlighting contingency vs regular changes in financial risk exposure on the project and schedule risk analysis outputs to the project controls office.
•    Identify trends and interdependencies through reviewing the causes and consequences of different risks throughout projects and facilitate conversations with various functions and disciplines on the project such as project controls, technical disciplines such as engineering throughout the company to ensure alignment and consistency in the management of risks.
•    Confidently explain the value and benefits of risk management to stakeholders.
•    Keeps relevant knowledge up-to-date by attending seminars, training sessions, and workshops, as necessary to develop and ensure success of project risk management principles.
•    Assists in the training/ coaching project team members of how to apply the risk management process in their daily roles to inform decision-making and ensures all assigned project team members are aware of their responsibilities to understand and manage the key risks within their scope.

•    Bachelor’s degree in an Engineering, Finance or a Project discipline or other related field.
•    5+ years of experience in a professional environment including significant exposure in a project controls management discipline preferably Project Risk Management.
•    Understanding and application of project management and project controls processes such as scheduling and planning, estimating, change control, etc.
•    Experience with Quantitative Analysis and associated reporting.
•    Experienced and enjoys risk management facilitation to stakeholders at all levels within the project.
•    Able to build risk models in several applications, which accurately represent the complexities of cost and schedule risk.
•    Able to coach and challenge management and non-specialists on the results of risk management.
•    Prefer membership of the Project Management Institute of similar project management profession e.g. PMI-RMP, PMP, IPMA.