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Job Description

Position: Senior Engineer - Risk & opportunity

Job Code: Requisition7466

Location: MEA

Maximum Experience: 5

Employment Type: Permanent

KEY RESPONSIBILITIES AND ACCOUNTABILITIES:

  1. Risk Management
    • Identify potential risks for various projects along with the root cause analysis
    • Perform risk assessment, categorizing risks based on their potential impact on business parameters
    • Establish and maintain contingency plans and response mechanisms to minimize the impact of risks
    • Carry out periodic risk assessments to identify opportunities for improvements in processes, systems, transactions and operations
    • Develop and finalize comprehensive risk register outlining detailed action plans with mutually agreed responsibilities and target dates for implementation
    • Continuously improve risk management process by incorporating feedback and lessons learned from previous projects / industry best practices
  2. Opportunity Management
    • Identify potential opportunities for various projects based on feasibility studies
    • Perform opportunity assessment, categorizing opportunities based on their potential benefits on business parameters
    • Collaborate with stakeholders to ensure effective implementation of identified opportunities
    • Regularly monitor the opportunity initiatives to measure benefits and effectiveness
    • Develop and finalize comprehensive opportunity register outlining detailed implementation plans with mutually agreed responsibilities and target dates for implementation
  3. Stakeholder Coordination
    • Engage with project team and key stakeholders to identify and assess risks and opportunities at different stages of the projects
    • Collaborate with various stakeholders to develop and implement risk controls and opportunity action
    • Provide risk and opportunity management training to project teams, as needed, ensuring awareness and preparedness across all levels
    • Understand and align project activities with the organization’s risk and opportunity management planning
  4. Documentation
    • Prepare, maintain and update the Risk and Opportunity Register on monthly basis for the business function, ensuring timely submission to the Corporate R&O Team
    • Prepare and communicate risk assessments, mitigation strategies, recommendations and action plans to project team and key stakeholders
    • Maintain a centralized database of the Risk and Opportunity Register
    • Prepare and communicate risk and opportunity management reports to key stakeholders, ensuring clarity and alignment with project objectives 
    • Regularly monitor the effectiveness of risk and opportunities strategies and to identify emerging risks and opportunities to ensure proactive management