Capital Projects Risk Senior Specialist Job

1. Job Purpose

Participate in the identification and analysis of Capital Projects Risk, formulation of a comprehensive risk treatment plan, and analyze risk-related indicators.

2. Key Duties and Responsibilities

Functional Responsibilities

1

Participate  in the development and implementation of the Capital Projects Risk Management annual plan

2

Participate in the implementation of initiatives and activities aimed at achieving the goals set for the members of the Capital Projects Risk team based on the annual plan.

3

Participate in the review, and recommend improvements related to Enterprise Risk Management policy, target operating model, framework and procedures to the Capital Project Risk Manager.

4

Participate in the identification and analysis of capital projects risks related to the Sectors as well as at the RCU level.

5

Participate in the identification of the current controls in place to address each risk. Assess the control effectiveness and highlight gaps which need to be remediated.

6

Participate in the formulation of a comprehensive risk treatment plan, including, but not limited to, identifying the appropriate risk response strategy, assigning action items to specific owners and agreeing a set deadline for each action.

7

Assist in the process of identifying and analyzing risk-related indicators, such as key risk indicators, and preparing reports of violations, and submitting them to the concerned parties.

8

Participate in periodic review of capital projects risks, their controls and associated treatment plans in coordination with the concerned parties and provide update to the Capital Project Risk Manager.

9

Contribute to the recording and reporting of all the operational losses faced by RCU, related to Capital Project related risks in the Operational Loss Database on a quarterly basis.

10

Participate in the preparation of a strategy and an execution plan for risk management at the level of the Commission and its affiliated bodies.

11

Participate in the preparation and development of risk assessment and analysis criteria such as the level of risk occurrence, the level of risk effects, and the level of effectiveness of controls.

12

Participate in the development and implementation of the annual training plan for the Capital Project Risk section.