Risk Analyst

Overview

Job Description

Risk Analyst

What You'Ll Be Doing

• Develop and maintain the Risk Register, ensuring risks are clearly defined, categorized, and regularly updated.
• Perform qualitative and quantitative risk analysis to evaluate probability, impact, and overall risk exposure.
• Support the development of risk mitigation and response strategies in coordination with project teams.
• Facilitate risk workshops with contractors, project managers, and internal departments.
• Validate contractor risk inputs and ensure alignment with project scope, schedule, and cost assumptions.
• Track risk trends, triggers, and emerging threats, escalating critical risks to management when required.
• Integrate risk data with project schedules and cost reports to assess potential impacts on timelines and budgets.
• Support scenario analysis (best case, most likely, worst case) for time and cost outcomes.
• Contribute to contingency planning and recommend appropriate risk allowances.
• Prepare risk reports and dashboards for management, highlighting key risks, exposure levels, and mitigation status.
• Ensure consistency and accuracy in risk reporting across all projects and stakeholders.
• Collaborate with planning, commercial, and reporting teams to support risk-informed decision-making.
• Identify and implement improvements to risk management processes, tools, and frameworks.

What Required Skills You'Ll Bring

• Bachelors degree in Engineering (or related field) and typically 3+ years of related work experience.
• Familiar with Risk software like ARM/ Safran..etc.
• P6 Primavera and MS Office
• Parsons equally employs representation at all job levels no matter the race, color, religion, sex (including pregnancy), national origin, age, disability or genetic information.
• We truly invest and care about our employee’s wellbeing and provide endless growth opportunities as the sky is the limit, so aim for the stars!
• Imagine next and join the Parsons quest—APPLY TODAY!
• Parsons is aware of fraudulent recruitment practices.
• To learn more about recruitment fraud and how to report it, please refer to https://www.parsons.com/fraudulent-recruitment/.