Risk Manager executing responsibilities in Risk Management, overseeing committees and operational risks for UK financial services industry. Assisting CRO and collaborating with teams for effective risk management.
About the role
- Prequalification Risk Manager overseeing subcontractor evaluations and risk mitigation at DPR Construction. Collaborating with project teams and driving risk management strategies in a fast-paced environment.
Responsibilities
- Build strong connections with Subcontractor Community by developing: relationships with key players, awareness of past and current performance history, awareness of current work in progress, changes in prequalification statuses, and entity structure, participate in Subcontractor outreach programs; and coordinating with the local Prequalification Liaisons in building subcontractor relationships and gathering and analyzing necessary information.
- Guide and assist the project teams around subcontractor prequalification and potential risk mitigation efforts during buyout and development and implementation of risk mitigation plans.
- Support project teams (Operations and Preconstruction) in preparing procurement strategies and subcontractor bidders lists, providing insights into subcontractors’ experience, performance history, and capabilities.
- Assist project teams (Operations and Preconstruction) through the Prequalification exception and SDI carrier referral processes from initiation through approval and provide guidance to subcontractors, as necessary; help with the creation of risk mitigation plans.
- Work with project teams to complete the required forms necessary to obtain SDI carrier approval for certain subcontracts on a particular project or maintain carrier approval in the event the contract exceeds a prior approval threshold.
- Monitor the implementation of risk mitigation plans on projects; promote accountability around implementing risk mitigation plan solutions and highlighting the risk of non-compliance.
- Review of annual prequalification compliance for subcontractors who are working on active jobs and assist the National Prequalification Team in initiating renewals when needed.
- Participate in project Risk Assessments and review monthly status reports for visibility to subcontractor related performance concerns, reserves and fee erosion; assist project teams in monitoring and managing subcontractor default risks (systems, processes and tools).
- Point of Contact for subcontractor risk transfer tools: payment and performance bonds, contractual language, letter of credits, etc.; guide and assist the project team around subcontractor default coverage and acceptable language to transfer coverage.
- Build strong connections within DPR’s Risk Management groups, Preconstruction, Core Construction and Enterprise Corporate Services for assistance, access to resources, and sharing what you’ve learned.
- Ability to develop training material and deliver via in-person, virtual, and on demand training platforms.
Requirements
- Bachelor’s degree
- 5-7 years of construction industry experience.
- Operations and/or prequalification experience is a plus.
- Strong financial acumen in evaluating subcontractor risk is preferred.
- Creative thinker and problem solver.
- Demonstrate experience managing internal and external customer relationships.
- Strong work ethic and “can-do” attitude.
- Ability to anticipate what might occur and help shape a great outcome; and to sense what's happening and respond with consistency and urgency.
- Excellent written, verbal and presentation skills.
- Able to communicate complex things simply without overwhelming.
- Thorough understanding of typical project management processes and related information and forms.
- Strong listening skills and openness to others’ points of view while maintaining risk advocacy for DPR.
- Strategic thinker: ability to recognize the downstream effects of decisions to advise the project team on best approaches.
Benefits
- Health insurance
- 401(k) matching
- Flexible work arrangements
- Professional development opportunities
Job title
Job type
Experience level
Salary
Not specified
Degree requirement
Location requirements
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