Risk Analyst, Risk Management (Project Portfolio)

OFS Malaysia is a subsidiary of Offshore Frontier Solutions Pte. Ltd. (OFS), a MODEC Group company in Malaysia. Being part of Modec means being the protagonist of a challenging career and being in touch with the latest deep-water production systems, knowing that your career begins in Malaysia, but your talent can take you anywhere in the world.

If you want to be one of the greatest in the market, this is your opportunity!

We are currently looking for talented individuals to join us for below role

Risk Analyst, Risk Management (Project Portfolio)

We are currently based at KL Eco City, Malaysia.

Role Purpose

The Risk Analyst runs the data and analytics of the project portfolio, from intake and consolidation to dashboards and report issuance, and assists in implementing and maintaining the organization's risk management framework at project and portfolio levels. The role leverages data analytics to enhance risk evaluation and decision-making. While assisting in various risk management activities, the Risk Analyst is expected to take ownership of tasks, ensure accountability, and contribute to organizational objectives.

Key Accountabilities

Portfolio Risk Management

Run the intake, consolidation and analytics of the project portfolio: collect and validate project submissions, manage reminders, and issue the portfolio report. Consolidate, analyze and evaluate risks, register and EMV data across projects to ensure alignment with organizational objectives. Collaborate with project control teams and relevant stakeholders to maintain consistency in risk management practices.

Quantitative Assessment and Data Analytics

Support quantitative assessment, modelling and analysis of results, including SRA and risk modelling for exposures, at project, portfolio or BU level. Give analytics feedback on the QRA tool.

Dashboards, Templates and Data Models

Build and maintain the portfolio dashboards, templates and data models. Enhance and evolve the portfolio template.

Risk Library

Maintain the Risk Library data.

Reporting: Quarterly and Ad-hoc

Prepare regular and ad-hoc risk reports, summaries, and presentations, including portfolio analytics and exposure inputs, to communicate risk data and findings effectively. Ensure clarity, accuracy, and relevance in reporting to support decision-making at all levels.

Frameworks and Tools Feedback

Co-originate the Project Portfolio Management Execution framework. Report data issues and usage trends on the register and EMV tools.

Opportunities and Lessons Learned

Provide benefit tracking data for opportunities and analyze lessons learned data.

Audits

Prepares project audit records and supports audit planning, including liaison with internal and external auditors (where applicable).

Training

Prepares training materials designed to improve Risk Culture, Risk awareness and Risk competency within the organization.

BU and Corporate Risk Support

Cover the Risk Analyst (Corporate) for a defined list of recurring tasks, including bid-phase preliminary work, preliminary BU and corporate risk assessment, and horizon scanning of industry, sector and geography risk data.

HSSEQ Requirements and Code of Conduct

HSSEQ: Complies with the MODEC HSSEQ Code of Conduct as described in the HSSEQ Policies, the 14 HSEQ Standards, and the HSEQ Procedures to protect people and the environment at all times. Has a duty of care to ensure that all personnel work in a manner that is not harmful to their own health and safety and the health and safety of others.

HSSEQ Requirements and Code of Conduct

Compliance: Complies with MODEC Group’s Code of Business Conduct & Ethics and Policies to ensure business activities and decisions conform to the laws and regulations and demonstrates high standard of ethical behavior.

Qualifications

Educational Qualification
Bachelor’s degree in Engineering, Business, Risk Management, Data Analytics, Statistics, and/or any other relevant field of studies.

Relevant Experience:

• 5+ years in a project-related field (project controls, data analytics or management reporting) or 3+ years in project/enterprise-level risk management or risk data analysis.
• Proven experience in building data models and management dashboards.
• Strong analytical skills and logical thinking.
• Proven experience in collaborating with stakeholders. Knowledge of project cost, schedule and contingency data is an added advantage.

Competencies

Certification:

• Data Analytics certification (e.g., Microsoft Power BI Data Analyst) (added advantage)
• Risk management related certification from a recognized Association e.g. PMI-RMP, RIMS-CRMP, PRM, etc. (added advantage)
• Project Management certification e.g. PMP, PRINCE2 (added advantage)

Software:

• Excel (Required), including Power Query and PowerPivot
• DAX
• Power BI (Advanced)
• Safran Risk or any other Quantitative Risk analysis software (added advantage)
• SQL or Python programming (added advantage)