Manager - Portfolio Risk (CDU3) - 20005786

Qiddiya is Saudi Arabia’s future capital of entertainment, sports, and culture — a 360 km² mega-project just outside Riyadh. From F1-grade racetracks and theme parks to stadiums and performance venues, we’re creating a destination like no other. This is more than a project, it’s a national transformation. As construction accelerates, we’re hiring ambitious talent to help shape it. If you’re driven by scale, impact, and the chance to build something iconic from the ground up, Qiddiya is calling for you.

Role Summary:

The Portfolio Risk Manager is responsible for overseeing risk across a portfolio of complex, high-value transport and infrastructure projects, ensuring alignment with strategic objectives and national priorities such as Saudi Vision 2030.

This role provides a critical link between project-level risk management and executive decision-making, enabling informed prioritization, resource allocation, and investment planning.

The role aggregates and analyses risk data across the portfolio and advises the Senior Leadership Team on emerging threats and opportunities. It will foster a culture of proactive & collaborative risk management across the Projects and ensure consistency in risk practices for risk aggregation to Portfolio level, this role enhances the portfolio resilience, performance, and long-term value of the organization’s infrastructure portfolio.

Key Responsibilities:

• Management of the Portfolio & Strategic Risk Register. Maintaining and updating these risks in ARM by facilitating risk workshops and assuring full participation from attendees, with a focus on Risk Owners and Treatment Owners.
• Review Project Risk Registers and identify candidate risks for Portfolio risks. Receive candidate risks for escalation by the Project Teams and make recommendation to accept or reject or elevate to the Associate Director of Risk.
• Coordinate internal stakeholder engagement across multiple TBU projects to ensure consistency in communication and alignment of project development/delivery schedules. Working with Project Controls Lead to identify conflicts and streamline internal stakeholder interactions.
• Centralize and monitor regulatory engagement needs to ensure consistency in compliance across projects. Tracking of regulatory risks and ensure that all projects identify and manage regulatory risks.
• Coordinate TBU strategy across multiple projects. Ensure that all projects are aligned with the overall portfolio strategy. Support regular reviews and adjustments to strategic plans, ensuring consistency and accuracy.
• Coordinate TBU Teams for market engagement and address constraints. Develop contingency plans for market risks.
• Monitor TBU governance and approval processes across the portfolio to reduce delays and improve efficiency. Ensure that all projects follow the same procedures, reducing variability and enhancing control.
• Oversight of the Projects’ management & planning of: Design challenges, Environmental compliance, and Operations Planning, identifying portfolio level risks and assuring escalation of risks to be managed at the right levels.
• Report on Portfolio risks and aggregate all Project Risks to gain insight to identify emerging Portfolio risks.
• Lead Portfolio issue management. Working with the authorised decision makers within TBU to assure timely resolutions, maintaining documentation and records.
• Support the adoption and integration of digital risk management platforms and tools (e.g., BIM-integrated risk registers, AI-driven analytics). Ensure that technology is leveraged to enhance real-time risk visibility, predictive analysis, and decision-making across all project phases.
• Provide Training and Guidance to all Analysts. Mentor junior team members in risk processes, tools, and analysis techniques to build team capability.

Requirements:
Qualifications & Experience:

Bachelor’s degree in relevant fields such as Civil Engineering, Project Management, Risk Management, Construction Management

Master’s degree (preferred) in: Risk Management, Infrastructure Project Management, Engineering Management

Professional Certifications

• PMI-RMP (Risk Management Professional), IRM (Institute of Risk Management) qualifications, ISO 31000 Risk Management certification.
• Additional beneficial certifications: PMP (Project Management Professional), PRINCE2 Practitioner.

Years of Experience:

• 10+ years of experience in risk management, with at least 5 years in a senior or strategic role
• 3+ years managing risk at a portfolio or enterprise level.
• Proven experience in: Managing risk across multiple concurrent projects or programs, working with executive leadership and governance boards, aligning risk with strategic objectives and investment decisions, leading risk maturity assessments and capability development
• Experience in using ARM and other risk tools (e.g., Primavera Risk Analysis, SAFRAN, @Risk, RiskHive)