Financial Risk Manager

3 weeks ago


Bradford, Bradford, United Kingdom Interface Recruitment UK Full time
Job Title: Financial Risk Manager - PMO

The position of Financial Risk Manager - PMO requires an individual with strong analytical skills to identify and mitigate potential risks in the project lifecycle. This role will be part of the IT PMO team, adding value by developing and improving all stages of the project lifecycle. The Financial Risk Manager will lead the Project/Portfolio Finances and Risk but will also have the opportunity to influence and contribute to all aspects of PMO practices.

Key Responsibilities:
  • Supports Project Leads (and Finance) in business case development and provides critical/consistent reviews on new Project requests.
  • Advises Projects Leads and assures costs estimates (with appropriate variances for project stage) throughout the lifecycle.
  • Proactively monitors project spend and identifies opportunities for cost savings, challenging the Project Managers where appropriate.
  • Leads portfolio process for cost forecasting and actual spend. Provides accurate and timely data, aligning with Finance.
  • Provides insights on the Project budgets, assessing financial risks and variances to optimise the use of the overall Portfolio budget.
  • Embeds and runs portfolio Risk process. Ensures Project risks are being identified, owned and actively managed, mitigated or accepted.
  • Acts as the critical friend to Heads of Transformation and Project Managers to ensure risks are captured, categorised, managed or mitigated effectively.
  • Holds the holistic risk profile for the portfolio. Provides insight and proactively identifies owners & contributors from across all teams so that risks can be understood, defined and quantified.
  • Provides insights on the risk across the portfolio of projects.
  • Captures portfolio level risks. Ensures risks are being owned and actively managed, mitigated or accepted.

Reporting:
  • Assess, analyse and collate inputs to provide effective reporting outputs (as required) for stakeholders/boards.

General:
  • Support PMO Team in other activities (as required).
  • Portfolio planning and delivery.
  • Project planning/discovery support and assurance.
  • Quality of Project data (Milestones/Plans, Deliverables, Budget & Financials, Risk & Issues, Resources, Change control and Reporting).
  • Project and portfolio governance.
  • Project Framework and Small Change/backlog processes.
  • Lead/support governance forums/key meetings recording minutes and maintaining an action log.
  • Champions PMO practices, leads educating and continuously improving processes/capabilities across functions.

Estimated Salary: £55,000 - £65,000 per annum, depending on experience.

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