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For Companies At a Glance
- Tasks: Manage and mitigate risks in contracts to ensure smooth operations and profitability.
- Company: Dynamic company focused on innovative risk management solutions.
- Benefits: Competitive daily rate, remote work, and opportunities for professional growth.
- Why this job: Make a real impact by safeguarding business objectives and enhancing contract performance.
- Qualifications: Experience in risk management and strong analytical skills required.
- Other info: Join a collaborative team with a focus on continuous improvement and learning.
The predicted salary is between 50400 - 75600 £ per year.
Overview
Risk Management is anticipating, mitigating, and managing bid, contract and operations risks in every phase of the contract lifecycle, being focused on early detection and being ready to intervene. This is avoiding and minimizing slippages and/or failures in contract execution and delivery to protect the objectives of the business, notably its profitability. The Risk Manager monitors contract performance and carries out risk assessment within a limited portfolio or local market. You will apply the applicable risk management processes, tools and methods. He/She is advising bid, contract and operation teams on good risk management practices and risk identification, evaluation and mitigation. He/She is advising teams on the treatment of major risks and issues, is supporting in mitigating and remedying these and is escalating major risks and issues to relevant management levels.
Main Tasks & Responsibilities
- Methodology
- Makes recommendations to the development of the Group's Risk Management methodology in conjunction with Group Risk Management.
- Deploy and ensure the execution of, and adherence to, the Rainbow Delivery process within a limited portfolio or local market as the means to monitor and steer contract performance.
- Appropriate monthly status reporting in Rainbow Delivery Dashboards (RDD), providing update status information on the material contracts.
- Regular analysis of the RDD, identifying new and upcoming issues, and aligning appropriate mitigations and corrective actions in Contract Performance Calls.
- Responsibility and ownership for the quality and appropriateness of Risk and Contract reviews, providing conclusions and recommendations.
- Following up on Action assigned in Contract reviews, safeguarding not only their execution, but also their effectiveness.
- Identifying common root causes and issues, and implementing Lessons Learned across the Account and related Operations.
- Supporting the execution of specific risk management activities, assessing the process compliance, efficiency and effectiveness of individual bid, contract or operation teams.
- Ensure the management and reporting of material risks, issues, assumptions and dependencies in the transversal tool globally (MyRisks).
- Analyze and report both the efficiency and the effectiveness of risk management in the accounts through appropriate KPI.
- Provide training on contract monitoring and risk management for the benefit of staff and management.
- Promote and share good risk management practices across bids, contracts and operation teams within local market.
- Coach and guide bid, contract and delivery teams in the application of the Rainbow Delivery process and the risk management methodologies.
- Perform independent reviews on selected bids and contracts, depending on their risk profile.
- Challenge management assumptions, risks and mitigations in order to arrive at optimum assessments.
- Communicate regularly to responsible business managers on the risk status in material bids, contracts and operations.
- Maintain an independent overview of risks to help contract and account executives prevent these and/or mitigate the occurrence.
- Monitoring of the performance of contracts and escalation of minor or moderate issues and deviations to local management.
- Advise bid, contract and delivery teams on actions required to limit the risk exposure.
Risk Manager in City of London employer: Experis - ManpowerGroup
Contact Detail:
Experis - ManpowerGroup Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Manager in City of London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on a Risk Manager role that’s not even advertised yet.
✨Tip Number 2
Prepare for interviews by practising common questions related to risk management. Think about your past experiences and how they relate to the job description. We want you to shine when discussing your skills in risk assessment and mitigation!
✨Tip Number 3
Showcase your expertise! Create a portfolio or a presentation that highlights your previous work in risk management. This can be a great conversation starter during interviews and shows you mean business.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our platform.
We think you need these skills to ace Risk Manager in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Risk Manager role. Highlight your experience in risk management, contract performance monitoring, and any relevant methodologies you've used. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that demonstrate your ability to anticipate and mitigate risks, and don’t forget to show your enthusiasm for joining our team at StudySmarter.
Showcase Your Problem-Solving Skills: In your application, be sure to highlight examples where you've successfully identified and mitigated risks in past roles. We love seeing how you tackle challenges head-on and what strategies you’ve implemented to ensure contract success.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about StudySmarter and what we stand for!
How to prepare for a job interview at Experis - ManpowerGroup
✨Know Your Risk Management Methodologies
Make sure you brush up on the specific risk management methodologies mentioned in the job description. Be ready to discuss how you've applied these in past roles, especially in relation to contract performance and risk assessment.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that test your ability to identify and mitigate risks. Think of examples from your experience where you successfully navigated challenges and how you can apply those lessons to this role.
✨Familiarise Yourself with Tools and Processes
Get to know the tools and processes like the Rainbow Delivery process and MyRisks. If you have experience with similar tools, be prepared to share how you used them to enhance risk management and reporting.
✨Showcase Your Communication Skills
As a Risk Manager, you'll need to communicate effectively with various teams. Prepare to demonstrate your ability to convey complex risk information clearly and how you've coached others in risk management practices.
