Graduate Assistant Risk Manager

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Graduate Assistant Risk Manager

Application Deadline: 28 February 2025

Department: Infrastructure

Employment Type: Permanent - Full Time

Location: G&T London

Description

Summary:

The role of a G&T Graduate Risk Manager is to support the successful delivery of construction projects and facilitate a broader understanding of the challenges faced. Risk Managers ensure that risks and opportunities are identified early, communicated clearly, and managed effectively: we do this using a range of tools and techniques to track and escalate risks, as well as using risk data and statistics to drive better decision making by project leadership.

Role Overview:

As a Graduate Risk Manager, you will spend 2-2.5 years working towards Chartered membership of RICS or APM with the opportunity to also study The International Certificate in Enterprise Risk Management (IRM), while also gaining valuable work experience. You will be working towards becoming a professional with expert knowledge of leading and managing the risk function within a project team. You will also be picking up key skills across all project controls disciplines, to provide a greater breadth of understanding and progression opportunities.

The role will be varied, and the actual experience gained will be dependent on the team and sector you are working in. You will join the G&T Chartership Programme to ensure you can relate the theoretical aspects of your studies to actual work experience.

Working within a team, you will be assisting your Line Manager with various aspects of daily work. In this role you will be expected to work with a certain level of autonomy while also knowing when to discuss and ask questions to ensure the best outcome.

You will be building a solid knowledge base of your role, the firm and the industry, and how they all fit together.

General Responsibilities

Working with your line manager, the role will typically involve the following:

Schedule:

• Review project schedules, using the principles of schedule management, to identify potential timeline risks, determine risk proximity, and calculate float adjusted impact
• Interrogate the technical quality of project schedules and assess their appropriateness for Monte Carlo risk modelling
• Build a schedule at the appropriate level for Monte Carlo risk modelling (either through rolling up an existing project schedule, or generating a new schedule through Interactive Planning Workshops with the project team)

Cost:

• Develop an understanding the principles of estimating / cost management, in order to challenge risk quantification figures provided by the project team
• Perform gap analysis exercises on a project estimate against a defined scope of works
• Provide recommendations on CBS structure, to ensure it is appropriate for Monte Carlo risk modelling

Risk Management:

• Develop and maintain project risk registers, aligned to client governance processes (and G&T best practice)
• Assess likelihood, impact (schedule and cost) of risks and propose mitigation strategies, where appropriate
• Provide recommendations on RBS structure, to ensure it is appropriate for Monte Carlo risk modelling
• Review and develop large risk data sets in preparation for risk modelling utilising various tools such as MS Excel and Safran Risk

Risk Modelling:

• Describe the Quantitative Risk Assessment (QRA) process to clients and establish a tailored process for delivery (with associated agendas)
• Facilitate and lead QRA workshops, in order to attain the required information for Monte Carlo risk modelling
• Build a risk model (in appropriate software) and run Monte Carlo analysis for a schedule
• Build a risk model (in appropriate software) and run Monte Carlo analysis for a cost estimate
• Interpret risk modelling results, defining key risk and uncertainty drivers

Reporting:

• Produce technical reports on the suitability of project information (schedule, estimate, risk register) for Monte Carlo risk modelling
• Produce QRA reports detailing probability dates, costs and key drivers
• Present reports to the client organisation, including any subsequent recommendations

Skills Knowledge and Expertise

• 2.1 or above in your degree
• Excellent working knowledge of current IT systems
• Understand the importance of client care & building relationships
• Excellent communication skills
• Trustworthy and reliable
• Ability to prioritise work efficiently
• Ability to work to deadlines
• Ability to work as part of a team and on own initiative
• Proactive and flexible approach to different situations
• Dedication and commitment
• Desire to learn
• Genuine interest in social and economic infrastructure, and property

Please note : We are unable to support/sponsor individuals who require a work permit to work in the UK for our early experience roles.

We also recruit on a rolling basis and reserve the right to close applications for this role if all positions have been filled ahead of the date advertised.