Director - Risk - 20013064 DA3
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Key skills for this role
About the Role
Qiddiya Investment Company seeks a Director of Risk to establish and oversee comprehensive risk management strategies for large-scale development and construction projects. The role involves developing risk frameworks, conducting assessments, and leading a team to ensure proactive risk mitigation and reporting.
Key Skills for This Role
Responsibilities
- Establish the Qiddiya Program risk management framework, procedures, templates, and processes
- Oversee identification and assessment of risks associated with real estate development and construction projects
- Conduct regular risk assessments and scenario analyses for ongoing and future projects
- Ensure risk registers and databases are accurately maintained and regularly updated
- Design and implement risk mitigation strategies for high impact risks
- Lead regular risk reporting including development of key risk indicators (KRIs)
- Lead and mentor the risk management team
- Review and approve Quantitative Risk modelling, including QSRA and QCRA reports
Requirements
- Bachelor's degree in risk management, construction management, business studies, finance, or related field
- 10 15 years of experience in risk management with significant experience in real estate development, construction, or large scale infrastructure projects
- At least 5 years in mega project construction/development
- Professional certification such as CRA, CEMP, or PMP preferred
- Strong leadership and communication skills
- In depth knowledge of risk management tools, frameworks, and regulatory requirements for construction
Full Job Posting
Overview
- Join Qiddiya Investment Company as a Director – Risk, playing a vital role in development management across projects in the hospitality sector.
- The Director will be responsible for developing, implementing, and overseeing comprehensive risk management strategies for large scale development and construction projects.
Essential Duties and Responsibilities
- Establish the Qiddiya Program risk management framework, procedures, templates and processes.
- Oversee the identification and assessment of risks associated with real estate development and construction projects.
- Conduct regular risk assessments and scenario analyses for ongoing and future projects.
- Ensure risk registers and databases are accurately maintained and regularly updated.
- Design and implement risk mitigation strategies for high impact risks.
- Work closely with project teams to embed risk management practices in project execution.
- Lead regular risk reporting including development of key risk indicators (KRIs).
- Ensure risks are tracked and reported through all phases of project lifecycles.
- Provide periodic updates on evolving risks and potential future threats.
- Lead and mentor the risk management team.
- Provide leadership to guide the Qiddiya Program and Portfolios in implementing the risk management plan.
- Lead creation of the Program Risk Register and Program Risk Dashboard.
Requirements
- Bachelor’s degree in risk management, construction management, Business Studies, Finance or another relevant field.
- Professional certification such as Chartered Risk Analyst (CRA), certified Risk Management Professional (CEMP), or Project Management Professional (PMP) are preferred.
- 10 15 years’ experience in risk management with significant experience in real estate development, construction, or large scale infrastructure projects including at least 5 years in mega project construction/development.
- Proven track record of successfully implementing risk management strategies at the senior level.
- Strong leadership and communication skills.
- Analytical and strategic thinker with a proactive approach to risk management.
- In depth knowledge of risk management tools, frameworks, and regulatory requirements specific to construction and development projects.
- Ability to work under pressure, manage competing priorities, and meet tight deadlines.
- Strong decision making and problem solving abilities.
- Effective collaboration and stakeholder management skills.
- Strategic vision and forward thinking risk management approach.
- Financial acumen and understanding of project financing risks.
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