Risk Assessment, Risk Identification, Risk Mitigation **Principal Accountabilities** + Provide Risk Management professional advice to Project and Programme Managers. + Application of risk management processes and systems. + Lead the identification of risks on behalf of the Project Manager, providing experience based independent challenge to the project team and stakeholders Role Profile + Lead the retrieval and analysis of background information from Project and Programme Managers/ project documentation, its environment and lessons learnt from previous related projects. + Research into projects key stakeholders prior to risk workshops to inform the capture of appropriate Risks. + Organise and facilitate risk workshops with all relevant team members and external stakeholders to ensure effective contributions to the forming of the risk register. + Across multiple complex projects and programmes, capture all risks to the appropriate level of detail, applying a range of techniques, such as brainstorming workshops, prompt lists, Delphi techniques and one to one interview. + During risk workshops/ reviews, provide independent challenge based on expert experience to ensure all relevant risks are considered, proposing new ideas based on your previous experience or knowledge of similar projects. + Ensure all required information is captured clearly and unambiguously within the Risk Register, including owners, actions, dates, categories. assumptions and risk mitigation actions, as defined in the Risk Management Procedures. + Administration responsibility of risk management database. + Define the project or programme risk appetite to determine the risk tolerance level in relation to project overall cost and using your own professional judgement establish whether a risk should be assessed quantitatively/ qualitatively. + Carry out complex project and programme Quantitative Cost Risk Analysis (QCRA) and Programme Schedule Risk Analysis (QSRA) using industry recognised risk analysis software to ensure suitable project budget and a deliverable project schedule is established. + Review QRA model outputs and provide recommendations to key stakeholders and the project team on the significance of the potential delays and/or cost increase. + Be the risk technical specialist actively contributing to relevant working/steering groups. + Identify and report risk trends and highlighting the top risks (Critical and High) to project delivery. Actively review and monitor those risks to reduce the overall risk profile. + Work to tight deadlines and timescales, resulting from significantly changeable priorities, producing quality, complex reports and analyses based on risk and issues relating to each Project. + Prepare and lead on periodic reports to inform others, including the production and update of Risk Management written reports and provision of any associated information in a timely manner, to meet the wider project reporting and management requirements, ensuring quality outputs. + Close liaison with Project Managers of any outstanding risk management activities undertaken by them to ensure risk is managed effectively on their projects. + Actively input into the continuous improvement of the Risk Management Department. + 8 to 12 years experience with strong working knowledge of risk management in a project execution related environment + Experience of developing QSRA models + Risk management application knowledge at project & programme levels. + Strong analytical skills and problem-solving skills. + Professional level associated qualifications or Postgraduate qualifications are not essential but advantageous if degree is in an unrelated subject (i.e. undergraduate/postgraduate degree, IRM Diploma or Certificate, APM Risk Certificate, PMI-RMP, MoR Practitioner) + Appropriate Membership of one or more risk management / project management professional bodies (i.e. IRM / APM)