Risk & Opportunity Manager

Job Description - Risk & Opportunity Manager (047692)

Organisation

Head of PMO

Job

Risk

Position Type - Full Time

Salary: Circa £56,000 based on experience
Band: Band 3
Position type: Full time
Location: Hybrid working – Stratford, London / Southwark, London / Hybrid

Hybrid working within this role enables a balance of 50 percent of time split between the office and home over a 4-week period. Hybrid working arrangements can evolve subject to business requirements.

Job Purpose

The Risk & Opportunity Manager manages the implementation of consistent and effective risk & opportunity management. Using management tools, techniques, processes and standards across Infrastructure, in line with TfL and industry best practice, they will provide timely and high quality information, guidance and specialist advice on risk & opportunity management across projects and programmes. They are responsible for leading the development and contribution to risk management and opportunity strategies at programme and portfolio level, whilst supporting the implementation of plans across the delivery areas as required. Responsible for managing improvements to risk and opportunity management practices and liaising with internal and external stakeholders.

Key accountabilities

1. Accountable for leading and managing the implementation of consistent risk & opportunity management tools, techniques, processes and standards, in line with TfL and industry best practice and integrating these within the wider project controls framework across Infrastructure.
2. Responsible for working with delivery teams to understand the risk & opportunity profiles of the projects and programmes, to develop robust risk & opportunity management, mitigation and contingency strategies, and to escalate significant risks using agreed governance mechanisms as appropriate.
3. Responsible for applying knowledge in the technical/professional discipline of risk & opportunity management for the analysis and resolution of issues within projects and programmes framework, including benchmarking against best practice and implementing innovative solutions.
4. Constantly maintain portfolio, programme & project risk & opportunity management systems - ensuring feeder registers are updated and translated into required systems.
5. Responsible for supporting project teams in carrying out Quantified Risk Assessments (QRA) and assessing risk apportionment in commercial contracts and procurements relating to project and programme delivery.
6. Responsible for ensuring risk & opportunity management tools and techniques, processes and standards are communicated and applied appropriately on projects / programmes.
7. Responsible for quality risk and opportunity information to support delivery teams in periodic reviews with Senior Management.
8. Competent in facilitation of risk workshops including Cost and Schedule analysis.
9. Lead a team who directly support project delivery to establish a unified and high standard of quality output.
10. Contribute to driving and leading a positive safety culture.
11. Contribute in equality of opportunity, social inclusion, fair employment and environmental sustainability, creating open, inclusive and engaging environment within MPD and across stakeholders, customers and supply chain.

Key interfaces

Key interfaces within TfL: Professional Managers for all PMO disciplines, senior managers and team members in MPD and other TfL and London Underground Business Units including Engineering and Renewals & Enhancements, Health Safety and Environment Directorate (HSE), Strategy & Network Development Directorate (S&ND), Legal, Commercial, Finance & Operational teams.

Knowledge

1. Excellent knowledge and understanding of risk & opportunity management frameworks, tools and techniques in a project and programme management setting. (Essential)
2. Extensive knowledge of and understanding of projects and programmes with an emphasis on Risk Management and how this supports and integrates with a wider high functioning environment. (Essential)
3. Good knowledge and understanding of project and programme management methodologies and their practical application in a transport setting. (Essential)
4. Understanding of TfL project and programme management methodologies and processes (desirable).
5. Good knowledge of EU and UK legislation, law and best practice, particularly in relation to risk management. (Essential)
6. Professional Qualification in Project Management or equivalent (desirable).

Skills

1. Good influencing skills to manage and motivate teams in and outside of directorate and embed Risk Management. (Essential)
2. Methodology and process in support of delivery of high risk, value and complex project and programmes. (Essential)
3. Specific technical skills including: Risk/Opportunity and Issue Management (Level 4) (Essential)
4. Information Management and Reporting (Level 4) /Stakeholder Management (Level 4) (Essential)
5. Project Governance (Level 3) /Compliance and Assurance Management (Level 3) (Essential)
6. Quantitative Risk Analysis (Level 4) /Frameworks and Methodologies (Level 4) (Essential)
7. Risk Workshop Facilitation (Level 4)/ Schedule Risk Analysis (Level 4) (Essential)

Experience

1. Experience of creating, adapting and monitoring processes around Risk management in major projects. (Essential)
2. Experience of implementing tools to drive efficiency and value to support project delivery. (Essential)
3. Experience of dealing with a range of stakeholders at all levels across the organisation, influencing and improving processes to support project delivery. (Essential)
4. Proven record of taking personal responsibility and accountability for implementing risk & opportunity management frameworks to ensure delivery of major programmes / projects in a large, complex organisation. (Essential)
5. Experience of managing performance and delivery through external contractors and or suppliers. (Essential)

Equality, diversity and inclusion

We are committed to equality, diversity and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria. We also use anonymising software that removes identifying information from CVs and cover letters to make the process fair.

Application Process

Please apply using yourtwo-page CV and maximum one-page covering letter.

Think carefully about the skills, knowledge and experience in the advert and cover this in your CV and cover letter. Word format preferred and do not include any photographs or images.

The closing date for applications is 06/04/25 @ 23:59

In return for your commitment and expertise, you will enjoy excellent benefits and scope to grow. Rewards vary according to the business area but mostly include:

1. Final salary pension scheme
2. Free travel for you on the TfL network
3. Reimbursement of 75% of the cost of a standard class Ticket for National Rail travel from home to work or 75% reimbursement on a 28-day flexi ticket
4. 30 days annual leave plus public and bank holidays
5. TfL is committed to work-life balance, operating a hybrid working approach where business and role requirements allow
6. Private healthcare discounted scheme (optional)
7. Tax-efficient cycle-to-work programme
8. Retail, health, leisure and travel offers
9. Discounted Eurostar travel

Please note we may close the advert early if we receive a high volume of applicants.

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