The Risk Manager is responsible for establishing, managing, and continuously improving the risk management function across development and delivery activities. The role ensures that risks affecting the achievement of BDC’s strategic, programme, project, commercial, financial, operational, and delivery objectives are proactively identified, assessed, owned, treated, monitored, and escalated.
The Risk Manager will work closely with management, EGIS, project teams, consultants, contractors, procurement, commercial, finance, design, development, and other relevant stakeholders to ensure that risk management is embedded into day-to-day decision-making and project delivery.
The role requires a proactive and hands-on approach. The Risk Manager is expected to take ownership of the risk management process, actively engage with risk owners, drive mitigation actions, challenge inadequate or delayed responses, identify emerging risks, and ensure that significant risks are escalated to the appropriate level of management.
The position is not limited to maintaining risk registers or producing periodic reports. The Risk Manager is accountable for ensuring that identified risks are actively managed and has clear visibility of its risk exposure and the actions required to protect its objectives.
Position Context
The Risk Manager will operate within a multi-stakeholder development environment where BDC acts as the client/developer and EGIS provides PMC support. The role will therefore require coordination across multiple projects, workstreams, consultants, contractors, and BDC departments.
The Risk Manager shall ensure that risk management is consistently applied across the project and programme lifecycle, from planning and procurement through design, approvals, construction, delivery, and close-out.
The role shall also ensure that risk information is connected to other project management and control functions, including cost, schedule, procurement, contracts, design, change, quality, and project performance, allowing management to understand the potential impact of risks on delivery objectives.
Main Accountabilities
1. Risk Management Framework and Governance
- Establish, implement, and maintain the risk management framework for BDC projects and programmes in accordance with approved BDC policies, procedures, standards, and governance requirements.
- Ensure that risk management processes are consistently applied across relevant BDC projects, departments, and delivery partners.
- Develop and maintain appropriate risk management procedures, tools, templates, methodologies, and reporting requirements where required.
- Ensure clear roles, responsibilities, and accountabilities are established for risk identification, assessment, ownership, mitigation, monitoring, and escalation.
- Ensure risk management activities are properly documented and maintained as part of the project governance framework.
- Promote a consistent risk management approach across BDC and its consultants, contractors, and other delivery partners.
2. Risk Identification and Assessment
- Proactively identify risks that may affect BDC’s strategic and project objectives through structured reviews, stakeholder engagement, project information, workshops, and ongoing monitoring.
- Assess identified risks in accordance with the approved risk methodology, including likelihood, impact, overall exposure, and appropriate risk response.
- Identify risks associated with cost, schedule, procurement, contracts, design, construction, approvals, stakeholders, resources, interfaces, dependencies, quality, and other delivery areas.
- Identify interdependencies between risks, projects, workstreams, and stakeholders.
- Identify emerging risks and ensure they are assessed and incorporated into the relevant risk registers.
- Challenge assumptions where they may create or conceal significant project risks.
3. Risk Ownership and Mitigation
- Ensure every material risk has a clearly identified and accountable risk owner.
- Work directly with risk owners to establish practical and measurable mitigation and response actions.
- Ensure mitigation measures address the actual cause of the risk rather than simply recording generic actions.
- Establish appropriate target dates, action owners, and success measures for mitigation activities.
- Proactively follow up with risk owners and drive actions through to completion.
- Challenge overdue, ineffective, incomplete, or unrealistic mitigation actions.
- Escalate risks where the assigned owner is unable or unwilling to adequately manage the exposure.
- Verify that mitigation actions have been implemented and assess whether they have actually reduced the associated risk.
4. Risk Monitoring and Control
- Own and maintain the overall project and programme risk registers, ensuring information remains accurate, current, and meaningful.
- Regularly review risk exposure, risk trends, mitigation progress, overdue actions, and changes in risk status.
- Monitor the effectiveness of existing controls and mitigation measures.
- Ensure closed risks are appropriately reviewed and formally closed rather than simply removed from the register.
- Maintain visibility of high and critical risks and ensure they receive appropriate management attention.
- Monitor changes in project circumstances and ensure the risk profile is updated accordingly.
- Maintain an effective audit trail of risk assessments, decisions, mitigation actions, and escalations.
5. Project and Programme Risk
- Assess risks affecting the successful delivery of BDC projects and development programmes.
- Work with project controls and delivery teams to understand the potential impact of risks on cost, schedule, scope, resources, procurement, contracts, and key milestones.
- Review project changes, delays, procurement issues, design development, approvals, and other significant events to determine whether new or changed risks should be recorded.
- Identify cross-project and programme-level risks that may not be visible within individual project risk registers.
- Ensure major project risks are appropriately reflected in programme-level risk reporting.
- Provide risk-based input into planning, forecasting, project reviews, and management decision-making.
6. Risk Workshops and Stakeholder Engagement
- Plan and facilitate risk identification, assessment, and conduct workshops with relevant stakeholders.
- Engage directly with BDC departments, EGIS teams, consultants, contractors, and project stakeholders to obtain accurate and current risk information.
- Ensure workshops result in meaningful risks, accountable owners, practical mitigation actions, and clear deadlines.
- Encourage open discussion of risks and ensure potential issues are identified before they become significant problems.
- Challenge stakeholders constructively where risk assessments or mitigation strategies do not adequately reflect the actual project situation.
- Maintain effective communication with senior management regarding material risks and required interventions.
7. Reporting and Management Information
- Prepare regular risk reports and dashboards for BDC management and relevant governance forums.
- Provide clear visibility of the current risk profile, including high and critical risks, emerging risks, risk trends, overdue actions, and mitigation status.
- Highlight risks requiring management decisions, additional resources, intervention, or escalation.
- Provide concise analysis and recommendations rather than simply presenting risk register data.
- Develop appropriate risk indicators, trends, and management information to support early identification of deteriorating risk conditions.
- Ensure risk reports are accurate, timely, consistent, and aligned with BDC reporting requirements.
- Present risk information clearly to senior management and other relevant stakeholders.
8. Integration with Project Controls and Decision-Making
- Ensure risk management is integrated with project controls and other management functions rather than operating as a standalone reporting activity.
- Coordinate with planning, cost, commercial, procurement, contracts, design, quality, and project management teams to understand risk impacts and dependencies.
- Ensure material risks are considered when assessing project forecasts, schedules, budgets, procurement strategies, changes, and major decisions.
- Support management in understanding the potential consequences of risks and the available response options.
- Provide risk-based recommendations to support informed decision-making.
9. Risk Escalation and Management Intervention
- Establish clear escalation routes for significant and unresolved risks.
- Escalate risks where exposure exceeds agreed thresholds or where mitigation is not progressing adequately.
- Ensure management is made aware of risks requiring decisions, additional resources, changes in strategy, or intervention.
- Track escalated risks and ensure management decisions are translated into appropriate actions.
- Maintain visibility of risks that remain unresolved and ensure they are not allowed to disappear from management attention.
10. Continuous Improvement