Job Description
Risk Manager
Ferrovial BAM JV has a strong track record of delivering major UK infrastructure projects and is now responsible for the track infrastructure across the full HS2 route.
The Risk Manager will lead risk and opportunity management across the Track North project, providing an integrated approach to risk identification, assessment, quantification, mitigation and reporting. The role will ensure contractual compliance, strengthen project controls and provide clear risk insight to support effective commercial and project decision-making.
Location: Birmingham
Key Responsibilities
Risk & Opportunity Management
-Lead Risk and Opportunity Management in line with Ferrovial-BAM Rail Systems JV procedures and project controls.
-Promote proactive risk management across Commercial, Planning, Design, Engineering, Procurement, Delivery, Quality, Safety, Environment, Interfaces and Stakeholder Management.
-Maintain an accurate Risk and Opportunity Register, ensuring risks and opportunities are identified, assessed, quantified, mitigated and assigned to accountable owners, with accurate inputs provided to the Business Unit Forecast (BUF).
-Maintain clear links between risks and opportunities, Early Warning Notices, Compensation Events, assumptions, constraints, changes and programme activities, avoiding duplication across registers.
-Ensure realised risks remain actively managed until their remaining exposure and associated commercial, programme and reporting impacts are resolved.
-Lead risk workshops and constructively challenge risk owners to ensure assessments and mitigations are robust and appropriately evidenced.
-Capture and apply lessons learned to strengthen future risk identification, assessment and mitigation.
Risk Analysis & Project Controls
-Lead Quantitative Schedule Risk Assessments (QSRA) and Quantitative Cost Risk Assessments (QCRA) in line with contractual and project requirements.
-Maintain the risk-management systems, templates and processes required under the Contract.
-Coordinate regular reviews of the risk-adjusted Estimate at Completion (EAC) with Commercial, Finance, Project Controls and discipline leads.
-Prepare time-phased risk-cost forecasts for integration into project and financial reporting.
-Analyse and explain movements in risk exposure between reporting periods, supported by updated assessments and evidence.
-Drive continuous improvement in risk reporting, including risk rationalisation, quantification and consistent treatment of open risks.
Reporting & Stakeholder Management
-Lead the monthly risk-reporting cycle, ensuring alignment across risk, cost, commercial, change, programme and internal forecasts.
-Lead or support monthly risk reviews with HS2, including preparation of information, responses to comments and management of agreed actions.
-Provide clear, evidence-based risk insight to the Project Director, Commercial team and wider leadership team to support informed decision-making.
Essential Experience
- Substantial risk-management experience within major infrastructure, rail, civil engineering or complex construction projects.
- Demonstrable experience of QSRA and QCRA, including probabilistic risk modelling and Monte Carlo simulation.
- Strong understanding of programme risk, critical path analysis, milestone confidence and schedule contingency.
- Experience working with Primavera P6 schedules and programme data; direct operation of P6 is desirable.
- Experience integrating risk with cost forecasting, EAC, change management and project reporting.
- Experience managing multidisciplinary risk and opportunity registers and leading risk workshops.
- Strong understanding of commercial and contractual risk within target-cost or collaborative infrastructure contracts.
- Experience engaging effectively with clients, auditors, senior stakeholders and risk owners.
- Ability to translate complex risk analysis into clear recommendations, decisions and actions.
Desirable Experience
- Previous experience on HS2 or another UK rail or major infrastructure programme.
- Experience of NEC contracts and CEMAR.
- Experience using Primavera P6 Risk Analysis, Safran Risk, Deltek Acumen Risk or comparable quantitative risk-analysis software.
Qualifications & Professional Competencies
Essential
- Degree or equivalent professional experience in Risk Management, Quantity Surveying, Commercial Management, Engineering, Construction Management, Project Controls or a related discipline.
- Advanced Excel skills.
- Strong written and verbal communication skills.
Desirable
- Membership of APM, IRM, RICS, CICES or an equivalent professional body.
- Recognised risk-management or project-management qualification.