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Risk and Assurance Manager

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Job Description

This role supports our divisions in making risk-informed decisions, ensuring effective management of risk across contract/projects from work winning to contract delivery, and in supporting risk transformation activities. The role provides targeted 1st line and 2nd line support to help project / contract leadership teams to understand risk requirements and carry out risk activities in line with Costain's management framework. The role plays an important part in supporting the Divisional Risk Team to provide effective business partnering to the Division at a contract/project level. the role may also support delivery of the teams Sector and Divisional risk management objectives.

Click the link for the job description, responsibilities, and qualifications - RISF01- Risk and Assurance Lead.pdf

Responsibilities

Key Responsibilities

  • Supports and facilitates work winning and contract delivery risk management including the identification, assessment of threats and opportunities, Quantitative Risk Analysis (Quantitative Schedule Risk Analysis and Cost Risk Modelling), response planning and implementation, reporting and review.
  • Supports the Divisional Risk team and for some stages of the process leads sector risk activities including facilitation of the risk management process, development of risk data, and producing risk analysis and reports.
  • Supports the Divisional Risk team in developing, delivering, and implementing elements of the Group Risk & Assurance team's transformation workstream to improve risk management across sectors and contracts.
  • Supports risk assurance activities, including undertaking risk practice maturity assessments and supporting teams in implementing recommendations and improvement actions.
  • Ensures risk standards and procedures set by the Group R&A team are understood and provides support to sector and contract teams to help them apply these to produce high quality risk products in support of work winning and delivery governance.

Knowledge, Skills, and Experience

Essential

  • Competent in applying technical subject matter expertise in a practical way to support informed risk management activities across contracts, programmes, and projects through delivery phases.
  • Experience of planning collaborative risk activities using a range of techniques to facilitate 1st line business teams to identify, define, evaluate, respond to and report on risks to project objectives. ยง Awareness and experience of using qualitative and quantitative risk assessment criteria and supporting (with risk owners) the identification of controls and risk responses

Desirable

  • Awareness and /or experience of delivering 1st and/or 2nd line risk management activities in a complex / multi-level organisation.
  • Awareness of project planning & controls, quality management and commercial contracting risks.
  • Awareness and / or experience of supporting bid risk management activities, for example identifying risks with members of the bid team.

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Qualifications

Essential

  • Project Risk qualification, for example APM Risk Cert 1&2
  • APM PFQ
  • Or equivalent qualifications or experience

Desirable

  • Bachelor's degree in risk management, project management or relevant technical subject (engineering, science, maths, accounting or economics)
  • Axelos Management of Risk (MoR) Foundation
  • Or equivalent qualifications or experience

About Us

Costain helps to improve people's lives with integrated, leading edge, smart infrastructure solutions across the UK's energy, water, transportation and defence markets. We help our clients improve their business performance by increasing capacity, improving customer service, safeguarding security, enhancing resilience, decarbonising and delivering increased efficiency. Our vision is to be the UK's leading smart infrastructure solutions company. We will achieve this by focusing on blue chip clients whose major spending plans are underpinned by strategic national needs, regulatory commitments, legislation or essential performance requirements. We offer our clients leading edge solutions that are digitally optimised through the following five services which cover the whole lifecycle of their assets: future-shaping strategic consultancy; consultancy and advisory; digital technology solutions; asset optimisation and complex programme delivery. Our culture and values underpin everything we do.

Costain appreciate the time and effort taken when applying for one of our positions but, due to the high volume of responses, we are unable to provide individual feedback on candidates at application phase.

We do share individual feedback following an interview.

A Disability Confident employer will generally offer an interview to any applicant that disclose they have a disability and meets the minimum criteria for the job as defined by the employer.

It is important to note that in certain recruitment situations such as high-volume, seasonal and high-peak times, the employer may wish to limit the overall numbers of interviews offered to both disabled people and non-disabled people.

For more details please go to the Disability Confident website:
https://www.gov.uk/government/collections/disability-confident-campaign

Risk and Assurance Manager

Costain
London, UK
Full-Time

Published on 25/09/2025

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