Senior Risk Manager in London

Requisition ID: 277283  

•  Relocation Authorized: None  
• Telework Type: Part-Time Telework  
• Work Location: London WC2E  

Extraordinary teams building inspiring projects:

Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world's infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place. 

Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers' objectives to create a lasting positive impact. We serve the Infrastructure; Nuclear, Security & Environmental; Energy; Mining & Metals, and the Manufacturing and Technology markets. Our services span from initial planning and investment, through start-up and operations. 

Core to Bechtel is our Vision, Values and Commitments . They are what we believe, what customers can expect, and how we deliver. Learn more about our extraordinary teams building inspiring projects in our Impact Report . 

Job Summary:

In this role, the Risk Manager will be responsible for the identification and evaluation of project risks and the selection of the appropriate combination of risk retention and risk transfer techniques for a selected number of projects under the direction of the Head of Risk Management. Services begin with the proposal stage and continue until completion of all project activity and any claims arising after completion of the work. This is primarily a specialist position which combines risk management/insurance experience with negotiating skill. The Risk Manager maintains contact with clients, insurers, partner brokers, and company functional and senior management representatives.

Major Responsibilities:

• Participates and supports Global Business Unit business and legal partners in contract negotiations with clients and others to obtain necessary protection, making use of contractual risk transfer, risk retention, loss prevention and commercial insurance techniques in a manner compatible with business development objectives.
• Develops alternative risk financing strategies in response to client positions/requirements.
• Initiates recommended language and alternative provisions for liability and insurance matters (including procurement responsibility) in proposals, contracts, subcontracts, and other documents.
• Identifies and evaluates insurable risks arising from prospective project activities and available risk financing alternatives for applicable projects.
• Reviews proforma and bid documents, prepared elsewhere, to determine adequacy and economy of protection afforded.
• Coordinates enrollment into controlled insurance programs for applicable projects (in both OCIP and CCIP situations).
• Issues instructions to all projects regarding premium reporting and allocation, accident reporting and claims procedures and other matters relating to risk administration.
• Provides project and business unit personnel, including Legal, with information regarding insurance coverages and solutions for risk-related problems.
• Prepares insurance program cost breakdown for use in estimating.
• Coordinates disparate project personnel involved with insurance program arrangements including Project Management, Supply Chain, Treasury, and Safety.
• Updates clients’ risk management staff regarding changes in project risk financing arrangements during the project.
• Coordinates the interface between Bechtel and client personnel, brokers, and insurers regarding insurance programs including preparing underwriting data, coordinating site visits and support duties as requested.
• Initiates use of the Project Risk Management team in management approval, proposal efforts and participates in risk workshops.
• Provides insurance advice and acting as insurance department representative to assigned corporate services departments and administering assigned corporate insurance programs.
• Has reasonable knowledge of the insurance industry and current state of market trends in pricing and terms and conditions.
• Assists Head of Risk Management with efforts to ensure the organization’s risk management policies and strategies are in compliance with applicable regulations, rating agency standards, and strategic imperatives of the organization.
• Participates in external organizations and speaking engagements representing Bechtel risk management and is considered to be a subject matter expert in at least one class of insurance.
• Assists in the development and training of both department personnel and the organization as a whole.

Education and Experience Requirements:

Basic Qualifications:

• Bachelor’s or Master’s degree preferably in Risk Management or relevant area from an accredited college/university
• Extensive relevant work experience

Preferred Qualifications (in addition to Basic):

• Has experience and expertise in the relevant insurance lines critical to the E&C industry  
• Knowledge of risk, insurance, and liability principles and concepts.

• Skilled in project contractual negotiations and administration.
• Knowledge of complex builder’s risk insurance programs and controlled insurance programs.
• Experience working with estimating, project controls, procurement, engineering, and construction teams.
• Knowledge preferred for this position would be consistent with the Construction Risk Insurance Specialist (CRIS) designation from the International Risk Management Institute.

Required Knowledge and Skills:

• High level of commitment to a quality work product and organizational ethics, integrity and compliance.
• Demonstrated track record of developing and implementing risk management strategies.
• Adapts well to and initiates change.
• Highly developed interpersonal, written and verbal communications skills.
• Team player, change agent, strategic, creative with exceptional project management skills.
• Strong communication (both verbal and written) skills.

Total Rewards/Benefits

For decades, Bechtel has worked to inspire the next generation of engineers and beyond! Because our teams face some of the world's toughest challenges, we offer robust benefits to ensure our people thrive. Whether it is advancing careers, delivering programs to enhance our culture, or providing time to recharge, Bechtel has the benefits to build a legacy of sustainable growth. Learn more at bechtel.com/total-rewards.

Diverse teams build the extraordinary:

As a global company, Bechtel has long been home to a vibrant multitude of nationalities, cultures, ethnicities, and life experiences. This diversity has made us a more trusted partner, more effective problem solvers and innovators, and a more attractive destination for leading talent.

We are committed to being a company where every colleague feels that they belong-where colleagues feel part of "One Team," respected and rewarded for what they bring, supported in pursuing their goals, invested in our values and purpose, and treated equitably. Click here to learn more about the people who power our legacy.

Bechtel is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity and expression, age, national origin, disability, citizenship status (except as authorized by law), protected veteran status, genetic information, and any other characteristic protected by federal, state or local law.

We're creating a space where all people, including those with disabilities, can advance their careers and optimize their possibilities through a fair and inclusive workplace. If reasonable adjustments are needed to apply for an open position, please contact us to ensure we can provide an environment where each and every candidate can thrive:  Bechtel is a verified company with the Disability Confident Scheme

Bechtel employees are required to be vaccinated for COVID-19 or show proof of a negative test result prior to accessing Bechtel sites/facilities to the extent required by applicable law or by customer requirements.