Project Risk Manager

LyondellBasell

Basic Function

The Enterprise Risk Management (ERM) function is responsible for design, implementation and integration of risk management at all levels throughout the enterprise. One of the key work streams of the function is providing dedicated business support to those areas of key strategic importance. This includes providing independent project risk management support to our Global Project team which undertake a large portfolio of capital investment projects which help shape the future growth of the company. He/she will act as the Project Risk Lead for major/mega profit generating capital investment projects and provide supervision and line management to a junior project risk analyst. The role will provide support to the ERM function in advising on the design of project risk plans and lead the development of projects risk registers, undertake complex qualitative and quantitative analysis and provide facilitation, guidance and training to junior project risk analysts and project teams. Using your expertise as a Project Risk Manager you will monitor projects so that they comply with the project risk management procedures and provide advice to project manager and sponsors by carrying out risk assessment.

Roles & Responsibilities

• Part of your role will also involve developing the risk register to make sure the risks are up to date and that appropriate risk responses is in place and is acted upon.
• Providing regular reports to Project Directors and to provide impartial independent assurance that the risk statuses of the projects are monitored efficiently.
• Championing/facilitating/involvement in developing Project Risk Management Execution Plans on major profit generating projects (from $25MM - $1.5billion) that are right-sized to project needs and meet existing corporate risk expectations/requirements.
• Facilitate the identification and analysis of risk management on projects throughout the project lifecycle with a focus on strategic and/or profit generating projects typically in the range of $100MM to >$1.5 Billion. Key large projects may include Flex II, Hyperzone II, etc.
• Carry out qualitative, quantitative assessments to give the best advice to project managers and project directors and sponsors on proposed risk-based contingencies.
• Manage so that projects have a risk register to record outputs of the risk process, ensure that the risk data is accurate, timely and relevant and that appropriate risk responses such as dedicated actions plans are in place and being acted upon within agreed timeframes and escalated if timeframes are missed.
• Provide regular reports to project managers on the risk status of projects including Risk Management KPIs and provide advice on the management of contingency to help provide assurance that the project is delivered to meet budget expectations.
• Assists in the development of management reporting related to changes in the risk profile such as highlighting contingency vs regular changes in financial risk exposure on the project and schedule risk analysis outputs to the project controls office.
• Identify trends and interdependencies through reviewing the causes and consequences of different risks throughout projects and facilitate conversations with various functions and disciplines on the project such as project controls, technical disciplines such as engineering throughout the company to ensure alignment and consistency in the management of risks.
• Can confidently explain the value and benefits of risk management to stakeholders.
• Facilitate and capture lessons learned throughout the project lifecycle for major/mega projects and turnarounds.
• Keeps relevant knowledge up-to-date by attending seminars, training sessions, and workshops, as necessary to develop and ensure success of project risk management principles.
• Leads key initiatives within the Risk Project and TA organization and mentors junior analyst to help reach the overall yearly goals. Regularly report to the Senior Manager on progress updates and implementation of the initiatives.
• Participates in facilitating commercial risk workshops with the business, financial risk management, global projects.
• Trains project team members of how to apply the risk management process in their daily roles so as to inform decision-making and ensures all assigned project team members are aware of their responsibilities to understand and manage the key risks within their scope.

Min. Qualifications

• Bachelor's degree in an Engineering, Finance or a Project discipline or other related field required. Graduate degree strongly preferred.
• A minimum of 12 years of experience in a professional environment including significant exposure in a project controls management discipline preferably Project Risk Management.
• Understanding and application of project management and project controls processes such as scheduling and planning, estimating, change control etc.
• Experienced and enjoys risk management facilitation to stakeholders at all levels within the project.
• Able to build risk models in a number of applications, which accurately represent the complexities of cost and schedule risk.
• Able to coach and challenge management and non-specialists on the results of risk management.
• Demonstrates ability to understand key stakeholders' objectives and present ideas that add value to their organization.
• Demonstrates ability to develop effective business relationships with other corporate functions.

Preferred Qualifications

• Membership of the Project Management Institute of similar project management profession e.g. PMI-RMP, PMP, IPMA is highly preferred.

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Competencies

Builds effective teams

Collaborates

Cultivates innovation

Customer focus

Demonstrates courage

Drives results

Ensures accountability

Instills trust and exemplifies integrity

LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world's largest producer of polypropylene compounds and the largest licensor of polyolefin technologies. In 2022, LyondellBasell was named to Fortune Magazine's list of the "World's Most Admired Companies" for the fifth consecutive year.

We have the potential - and responsibility - to use this scale and reach to make a positive impact across our value chains. That's why we are working to make meaningful progress to address some of the world's most pressing challenges such as reducing plastic waste in the environment, helping to mitigate climate change and contributing to a thriving society for our employees, the communities where we operate and the people who depend on our products. To learn more, click here.

Must be at least 18 years of age and must be legally authorized to work in the United States (US) on a permanent basis without visa sponsorship.

LyondellBasell does not accept or retain unsolicited resumes or phone calls and/or respond to them or to any third party representing job seekers.

LyondellBasell is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, veteran status, and other protected characteristics. The US EEO is the Law poster is available here.

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