Risk Manager

Risk Manager
6 months
Remote
£700 per day inside IR35 - Umbrella only
Active SC clearance required

Role overview:
Risk Management is anticipating, mitigating, and managing bid, contract and operations risks in every phase of the contract life cycle, being focused on early detection and being ready to intervene. This is avoiding and minimizing slippages and/or failures in contract execution and delivery to protect the objectives of the business, notably its profitability.
The Risk Manager monitors contract performance and carries out risk assessment within a limited portfolio or local market. You will apply the applicable risk management processes, tools and methods. He/She is advising bid, contract and operation teams on good risk management practices and risk identification, evaluation and mitigation. He/She is advising teams on the treatment of major risks and issues, is supporting in mitigating and remedying these and is escalating major risks and issues to relevant management levels.

Main Tasks & Responsibilities - Methodology

• Makes recommendations to the development of the Group's Risk Management methodology in conjunction with Group Risk Management.
• Deploy and ensure the execution of, and adherence to, the Rainbow Delivery process within a limited portfolio or local market as the means to monitor and steer contract performance, by global usage of the transversal tool (PARMA RDD), including
• Appropriate monthly status reporting in Rainbow Delivery Dashboards (RDD), in a comprehensive and meaningful default structure, providing update status information on the material contracts
• Regular analysis of the RDD, identifying new and upcoming issues, and aligning appropriate mitigations and corrective actions in Contract Performance Calls, and upfront escalation as required
• Responsibility and ownership for the quality and appropriateness of Risk and Contract reviews, providing conclusions and recommendations.
• Following up on Action assigned in Contract reviews, safeguarding not only their execution, but also their effectiveness.
• From time to time, identifying common root causes and issues, and implementing Lessons Learned across the Account and related Operations
• Supporting the execution of specific risk management activities, as summarized in the Key Principles of Risk and Issue Management, assessing the process compliance, efficiency and effectiveness of individual bid, contract or operation teams.
• Ensure the management and reporting of material risks, issues, assumptions and dependencies in the transversal tool globally (MyRisks), for bids, contracts and operations.
• Analyze and report both the efficiency and the effectiveness of risk management in the accounts through appropriate KPI

Change

• Provide training on contract monitoring and risk management for the benefit of staff and management.
• Promote and share good risk management practices across bids, contracts and operation teams within local market
• Coach and guide bid, contract and delivery teams in the application of the Rainbow Delivery process and the risk management methodologies.

Business

• Perform independent reviews on selected bids and contracts, depending on their risk profile.
• Challenge management assumptions, risks and mitigations in order to arrive at optimum assessments; also safeguarding that management assessment of business risks is not affected by the seeming attractiveness of the business case - ie prevent tunnel vision.
• Communicate regularly to responsible business managers on the risk status (validation and mitigation) in material bids, contracts and operations.
• Maintain an independent overview of risks to help contract and account executives prevent these and/or mitigate the occurrence.
• Monitoring of the performance of contracts and escalation of minor or moderate issues and deviations to local management.
• Advise bid, contract and delivery teams on actions required to limit the risk exposure.