Risk Manager

Role Purpose

1. Risk Framework & Strategy

• Develop, implement, and maintain the Project Risk Management Plan in accordance with international standards (ISO 31000, PMI-RMP).
• Establish risk governance structures, escalation protocols, and reporting hierarchies aligned with the project's organizational chart.
• Define risk appetite, tolerance thresholds, and response strategies in collaboration with senior leadership.
• Ensure the risk management framework aligns with UAE regulatory requirements and Dubai Municipality guidelines.

2. Risk Identification & Assessment

• Conduct systematic risk identification workshops and interviews with project stakeholders, subcontractors, and consultants.
• Develop and maintain a comprehensive Risk Register covering design, engineering, procurement, construction, commissioning, and handover phases.
• Perform qualitative and quantitative risk analysis for schedule and cost risk assessments.
• Identify geotechnical, structural, MEP, fire & life safety, and façade engineering risks specific to the hotel project.

3. Risk Mitigation & Response Planning

• Develop and implement proactive risk mitigation and contingency response plans for all identified high and critical risks.
• Coordinate with discipline engineers, architects, cost managers, and contractors to integrate risk responses into project plans.
• Maintain risk contingency budgets and schedule buffers in coordination with the Project Controls team.
• Monitor and evaluate the effectiveness of mitigation actions, updating the Risk Register accordingly.

4. Risk Monitoring & Reporting

• Prepare and present monthly and quarterly Risk Status Reports to the Project Director and Client stakeholders.
• Facilitate regular Risk Review Meetings with the project team and management committees.
• Track Key Risk Indicators (KRIs) and provide early warning notifications on emerging risk trends.
• Maintain audit trails for all risk decisions, mitigations, and change events.

5. HSE & Regulatory Risk Management

• Collaborate with the HSE Manager to assess Health, Safety, and Environmental risks in compliance with UAE HSE laws, OSHAD-SF, and Dubai Civil Defence requirements.
• Support the assessment of risks related to fire engineering, structural safety, and façade access systems.
• Ensure all risk activities comply with DMCA (Dubai Municipality Codes and Authorities), DDA, and RTA requirements as applicable.

6. Contractual & Financial Risk

• Review project contracts (FIDIC-based or bespoke) to identify contractual risks, liabilities, and insurance obligations.
• Coordinate with contractor and commercial teams on risk clauses, claims prevention, and dispute avoidance strategies.
• Assess financial risks including currency fluctuation, cost escalation, and supply chain volatility for materials and equipment.

7. Stakeholder Engagement

• Act as the primary point of contact for risk-related matters with the Client, Project Owner, and Authority Having Jurisdictions (AHJs).
• Engage with insurance brokers and underwriters for project-specific risk coverages (CAR, EAR, Professional Indemnity).
• Support the Project Director during interface meetings, project reviews, and governance audits.

Education

• Bachelor's Degree in Civil Engineering, Structural Engineering, Architecture, or a related discipline (mandatory).
• Master's Degree in Project Management, Risk Management, or Construction Management (preferred).

• PMI Risk Management Professional (PMI-RMP)

• Project Management Professional (PMP) certification

• ISO 31000 Risk Management Certification

• NEBOSH or equivalent HSE qualification

Experience

• Minimum 10 years of experience in project risk management within the construction or engineering consultancy sector.
• At least 5 years of hands-on experience managing risks on large-scale luxury hospitality or high-end mixed-use development projects.
• Demonstrated experience working in the GCC region, with a thorough understanding of UAE regulatory and construction frameworks.
• Proven track record of managing risks on projects exceeding AED 2 billion in value.

Technical Competencies

• Proficiency in risk management software: Primavera Risk Analysis (PRA), Oracle Risk Management, Active Risk Manager (ARM), or equivalent.
• Strong knowledge of FIDIC contracts
• Solid understanding of construction methodologies, MEP coordination, and architectural design processes for luxury hotel developments.