Engineer, Risk – ENOWA

ENOWA aims to establish itself as the world’s most advanced renewable energy hub and the first large-scale fully renewable energy system. The energy sector’s primary goals include:

• Achieving a 100% renewable energy system.
• Becoming a global leader in new energy technology manufacturing, installation, innovation, and talent development.
• Developing clean energy-intensive industries, such as green hydrogen production and brine processing, powered by low-cost renewable energy.

ENOWA plans to utilize various technologies, including large-scale solar PV, wind power, pump hydro-station, geothermal energy, and clean-fuel gas turbines – as an integrated decentralized solution to meet the increased electricity demands due to a high degree of electrification. 

The candidate will work on projects involving these technologies and various execution strategies, with construction starting in August 2024 and continuing through 2030. 

This position offers an exciting opportunity to be part of a cutting-edge energy generation initiative and make a significant impact on the future of clean energy in the world.

Expectations 

The Risk Engineer will be responsible for supporting Project Managers/Project Control Team in establishment of the project risk management process during development and execution stages for conventional and renewable energy projects.

This role involves the development tailored project risk management plans, facilitation risk workshops, performing qualitative and quantitative cost & schedule risk analyses, and monitoring risk status across a portfolio of projects support Project Managers / Project Control in change management process, risk escalation process, and project risk reporting to different stakeholders (for stage-gate or as per defined by other internal regulations).

Approach (Roles & Responsibilities)

• The Risk Engineer will support Project Managers in the establishment of risk management process aligned with specific project’s objectives and value drivers. He/she will support in identification of potential risks and opportunities at project and divisional/program/portfolio levels, conduct qualitative and quantitative cost & schedule risk analyses (parametric or using Monte Carlo Simulation software), perform if required the scenario analysis to justify risk treatment strategies and/or contingency plans. This involves collaborating with and managing relationships with internal stakeholders including but not limited to engineering, HSE, project control, QA/QC, procurement and finance teams etc.
• The Risk Engineer will monitor and regularly report on risk status (encompassing risks associated with  project timelines, budgets, safety, and compliance and other project objectives) and on the effectiveness of current risk treatment strategies, ensuring timely updates to the risk registers. Risk analysis deliverables need to be aligned with project stages. He/she will facilitate risk workshops and meetings, jointly with Project Control Manager integrating risk treatment actions and risk analysis activities into project planning and execution.
• The Risk Engineer will prepare, update and maintain project risk management activities, throughout the project lifecycle and across the risk management process:
  • To ensure the timely issue of accurate, updated Risk Management Plans and associated documents at the agreed intervals.
  • To provide guidance to project personnel in defining Risk Management objectives based on project objectives and support application of the risk process.
  • To utilize several risk identification techniques in order to facilitate risk identification sessions.
  • To assist Risk Owners with the selection of appropriate risk response strategies and development of action plans to address identified risks.
  • To assist project or functional personnel in the familiarization and consistent application of Risk Management software tools and associated process.
  • To facilitate Risk workshops and develop project Risk Registers which act as repositories for all risk related information.
  • To conduct Cost / Schedule Risk Analysis Workshop sessions, facilitating workshops building bespoke models and interpreting associated outputs for communication / review
  • To prepare ad-hoc reports and presentations for stakeholders and line management.
• The Risk Engineer will define and manage the interfaces with key contractors on risk management activities (e.g., risk analysis requirements at pre-FEED, FEED studies, define the requirements on risk management for EPC contractor, integrating EPC contractor risks info to the ENOWA Project Risk Registers).
• Support Project Control Team on setting cost and schedule contingencies for the baseline scenario, and in Schedule and Cost Forecasting and Estimate at Completion based on the results of the cost and schedule risk analysis (P10/P90/P90).
• Provide awareness of risk management practices and principles to Project Teams and other stakeholders.

Desired Outcomes/outputs ​​​​​​​

• Support project teams in effective identification, quantitative and qualitative risk assessment and treatments for project risks, resulting in an increasing the likelihood to meet project objectives.
• Producing as required/ad-hoc the Cost & Schedule Risk Analyses Reports to support decision making on project execution strategies.
• Internal and external stakeholders’ overall satisfaction with resource and with risk management effectiveness.
• Accurate and timely regular and ad-hoc risk reports and analyses, meeting stakeholder expectations.
• Risk management plans are transparent, effective and aligned with best practice standards and to NEOM policies and strategies. Continuous improvement approach is applied.

Experience and skills

• Degree in Engineering, Project Management Finance or related field.
• Professional certifications in risk management (e.g., PMI-RMP, IRM, PRMP (AACE)) are advantageous.
• At least 5 years of experience in project risk management, specifically within large-scale project environments and preferably in the energy sector.
• Proficiency knowledge in Risk Analysis Software (e.g. Primavera Risk Analysis, Acumen Risk, SafranRisk, @Risk), Risk Management Information Systems (e.g. ARM, PIMS Risk etc.) and experienced with quantitative cost & schedule risk analysis,
• Knowledge of AACE (Association for the Advancement of Cost Engineering) and CII (Construction Industry Institute) practices in risk management will be considered as advantages.
• Strong analytical and communication skills.

Tagged as: Logistics & Supply Chain