Project Risk Analyst

Position: Project Risk Analyst

Location: Riyadh, Saudi Arabia

Department: Project Risk

Reporting to: Project Risk Director

We are looking for a Project Risk Analyst to join our Group Risk Management team. This role is responsible for identifying, assessing, and monitoring project-related risks throughout the project lifecycle to support effective mitigation and successful project delivery.

The ideal candidate will contribute to strengthening project governance by embedding risk awareness, conducting quantitative and qualitative analysis, and providing structured reporting to support management decision-making.

Key Responsibilities

Risk Assessment

• Identify potential risks by studying project context and elements (financial, operational, technical, legal)
• Conduct qualitative and quantitative risk analysis and evaluate impacts
• Collaborate with project teams to understand existing controls

Mitigation Planning

• Develop and implement effective risk mitigation strategies
• Coordinate with project managers on timely risk response and escalation
• Recommend improvements based on mitigation effectiveness reviews

Risk Monitoring

• Track risks, indicators, and mitigation actions throughout the lifecycle
• Maintain and update the risk register
• Communicate emerging risks to relevant stakeholders

Reporting & Communication

• Prepare accurate and comprehensive risk reports
• Provide insights to support decision-making
• Deliver risk awareness training and workshops
• Maintain clear documentation and reporting transparency

Process Management & Improvement

• Enhance project risk management practices and systems
• Develop project risk management plans with project managers
• Ensure compliance with company policies and industry standards
• Support digital transformation initiatives in risk management

Qualifications & Experience

• 5+ years of experience in project risk management or project management
• Knowledge of risk analysis tools such as SWOT, PESTLE, and Monte Carlo
• Bachelor’s degree in Engineering or related field
• Professional certifications (CQRM, PMI-RMP) are a plus
• Proficiency in risk management software, MS Project, Excel, and data analysis tools
• Strong analytical and problem-solving skills
• Excellent communication and stakeholder management abilities
• Ability to work under pressure and manage priorities in dynamic environments