At a Glance
- Tasks: Lead risk management initiatives and support executive teams in defining and mitigating risks.
- Company: Costain is a leading smart infrastructure solutions company improving lives across the UK.
- Benefits: Enjoy a full-time role with opportunities for professional growth and development.
- Why this job: Join a dynamic team focused on impactful projects that enhance community resilience and efficiency.
- Qualifications: Experience in risk management and excellent communication skills are essential.
- Other info: This role offers a chance to work with senior leaders and influence strategic decisions.
The predicted salary is between 43200 - 72000 £ per year.
Job DescriptionCostain\’s Risk and Assurance team are recruiting for a Group Risk Manager. The successful candidate will lead development and maintenance of Group and Principal Risks, support executive board risk owners in defining risks, build and track effective mitigation plans, assess controls and report on progress and approach to the PLC board. The role is responsible for maintaining risk management procedures, tools and templates ensuring these reflect framework changes and address feedback. In addition to the above the candidate will manage configuration, access, user support and licensing for risk management tools (ERM and QRA), including delivery of systems‐related training.
Key Responsibilities
Facilitate the management of Group, Principal and function‐owned risks, supporting exec risk owners and assigned risk deputies in risk development, review, update and reporting.
Produce clear and concise reports for the Exec Risk & Assurance meeting, Audit & Risk Committee and PLC board on Group & Principal risks, including impact/likelihood assessment, control effectiveness, risk changes (including external factors), mitigation progress and overall control effectiveness status.
Manage the annual deep dive schedule, supporting risk owners and deputies in the development of briefing material which address key areas of interest from the PLC board and are consistent and integrated with group strategy and wider business plans.
Conduct horizon scanning to identify potential emerging risks, ensuring these are developed in a manner consistent with business context.
Configure, manage and administer risk management applications setup, user access and licence provision, with input from Divisional risk teams where required. Support users across the business in setting up registers, managing access and resolving issues. Manage contracts with software providers ensuring support meets business requirements.
Maintain (and update where required) risk management policies, processes, tools and templates on The Costain Way and R&A Intranet Page.
Risk assurance: where required, review risk outputs (plans, registers, analysis, etc.) for bids and contracts, providing guidance and constructive, practical feedback on areas for improvement, and producing summary assurance reporting outputs.
Key controls: identify and maintain defined list of material controls, work with relevant functions to design and implement measures to monitor, test and evaluate controls, building reports which summarise overall effectiveness of material controls considering both design and operation.
Essential
Track record of successfully supporting senior leaders in managing risk (Executive Committee members, Directors and Heads of function).
Excellent communication, facilitation and influencing skills.
Expertise in risk management techniques including risk definition (descriptions, causes), structuring initial risk ideas into clear risk events, mapping and assessing controls and conducting bow tie analysis.
Experience of implementing enterprise risk management arrangements across an organisation, ensuring that different risk perspectives are coordinated and integrated.
Experience of ERM / GRC tool implementation, including setup and configuration, user access/permissions management, contract management and support arrangements.
Desirable
Established project management skills: ability to plan, budget for and manage projects to deliver agreed objectives/outcomes within cost and time constraints.
Proficiency in quantitative risk analysis (QRA) techniques including both Schedule Risk Analysis and Cost Risk modelling.
Experience of leading business improvement / transformational change initiatives.
Experience of business planning, budgeting/target setting, finance processes.
Understanding of typical contract types and the impact on risk arrangements and practice.
Qualifications
IRM Certificate in Enterprise Risk Management.
Project Risk Management qualification (PMI or APM).
Project or Programme Management qualification (APM PMQ, Axelos MSP).
Behavioral Attributes
Excellent communication skills with ability to present and explain complex information to a diverse audience including senior leaders, directors, and executive board members.
Awareness of the context of own activities within wider business priorities: plans and prepares meetings and reviews to make the most of limited time available with senior leaders and responds proactively to changes in priorities.
Confident in organising and facilitating workshops and adept at securing buy‐in and engagement from senior stakeholders.
A strong team player who actively supports others with deliverables to ensure the team delivers its objectives.
Promotes good risk practice, persuades others of the benefits through a combination of active implementation support and finding achievable, pragmatic solutions.
Builds strong relationships with internal and external stakeholders, negotiating to secure required inputs and ensuring a collaborative approach to overcoming issues.
Autonomy: able to plan and execute complex tasks with minimal supervision, whilst ensuring alignment with overall strategy is maintained.
About UsCostain 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.
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Group Risk Manager employer: Costain Group PLC
Contact Detail:
Costain Group PLC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Group Risk Manager
✨Tip Number 1
Familiarise yourself with the specific risk management tools mentioned in the job description, such as ERM and QRA. Understanding how these tools work will not only help you during the interview but also demonstrate your proactive approach to the role.
✨Tip Number 2
Network with professionals in the risk management field, especially those who have experience in civil engineering or similar industries. Engaging with them can provide valuable insights and potentially lead to referrals that could boost your application.
✨Tip Number 3
Prepare to discuss your experience in facilitating risk management processes and how you've supported senior leaders in the past. Be ready to share specific examples that highlight your communication and influencing skills, as these are crucial for the role.
✨Tip Number 4
Stay updated on current trends and emerging risks in the civil engineering sector. Being knowledgeable about industry challenges will allow you to speak confidently about how you can contribute to Costain's risk management strategies.
We think you need these skills to ace Group Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management, particularly any work with senior leaders or executive committees. Use specific examples that demonstrate your expertise in risk assessment and mitigation.
Craft a Compelling Cover Letter: In your cover letter, address how your skills align with the key responsibilities outlined in the job description. Emphasise your experience with risk management tools and your ability to communicate complex information effectively.
Showcase Relevant Qualifications: If you have qualifications such as the IRM Certificate in Enterprise Risk Management or project management certifications, make sure to mention these prominently. They can set you apart from other candidates.
Highlight Soft Skills: The role requires excellent communication and facilitation skills. Provide examples of how you've successfully engaged with stakeholders and led teams in previous roles, showcasing your ability to influence and collaborate.
How to prepare for a job interview at Costain Group PLC
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of the responsibilities and expectations of the Group Risk Manager position. Familiarise yourself with risk management techniques and tools mentioned in the job description, such as ERM and QRA.
✨Prepare for Scenario-Based Questions
Expect to be asked about specific situations where you've managed risks or developed mitigation plans. Prepare examples that showcase your experience in supporting senior leaders and your ability to communicate complex information clearly.
✨Showcase Your Communication Skills
As this role requires excellent communication and facilitation skills, practice articulating your thoughts clearly. Be ready to discuss how you've successfully engaged with stakeholders and influenced decision-making in previous roles.
✨Demonstrate Your Project Management Experience
Highlight any project management skills you possess, especially those related to planning and delivering objectives within time and budget constraints. Discuss any relevant qualifications or experiences that align with the role's requirements.