Risk and Opportunity Manager

Status: Open Until Filled

Position Title: Risk and Opportunity Manager

Department/Location: LW-SimTEC/Oklahoma City, OK 73103

Status: Regular/Full-Time Exempt

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Primary Function:

The Risk and Opportunity Manager is responsible for overseeing the identification, assessment, mitigation, and tracking of risks and opportunities within government contracts. This role involves working closely with cross-functional teams, including program management, contracts, engineering, and finance, to ensure the successful execution of contracts while maximizing performance and minimizing risks. The Risk and Opportunity Manager plays a critical role in driving strategic decision-making, ensuring compliance, and contributing to the overall success of the program’s objectives.

Essential Responsibilities:

  • Risk and Opportunity Management:
    • Lead the identification, analysis, and mitigation of project risks and opportunities throughout the contract lifecycle.
    • Develop and maintain a comprehensive risk and opportunity register.
    • Collaborate with stakeholders to proactively address potential risks and capitalize on opportunities that can enhance project performance.
  • Risk Analysis and Reporting:
    • Utilize risk management tools and techniques to evaluate risks and opportunities, including Monte Carlo simulations, decision trees, and other quantitative/qualitative methodologies.
    • Prepare and present detailed risk and opportunity assessments to senior leadership, program managers, and other key stakeholders.
  • Mitigation and Contingency Planning:
    • Develop, implement, and track risk mitigation plans, contingency plans, and recovery strategies to minimize impact on program objectives.
    • Recommend proactive actions to reduce exposure to risks and take advantage of emerging opportunities.
  • Compliance and Documentation:
    • Ensure compliance with DoD risk management guidelines, FAR (Federal Acquisition Regulations), DFARS (Defense Federal Acquisition Regulation Supplement), and other applicable regulations.
    • Maintain accurate and up-to-date documentation of risk and opportunity activities, including reports, risk registers, and meeting minutes.
  • Cross-Functional Collaboration:
    • Partner with program teams to integrate risk and opportunity management practices into program planning, execution, and change management processes.
    • Assist with contract modifications and changes, ensuring proper handling of any risk or opportunity-related adjustments.
  • Training and Awareness:
    1. Provide training to team members on risk and opportunity management processes and best practices.
    2. Foster a culture of risk awareness and proactive issue resolution within the organization.
  2. Continuous Improvement:
    1. Evaluate the effectiveness of risk and opportunity management processes and implement continuous improvement initiatives.
  1. Perform other duties as assigned.

Work Conditions: 

Employee will be working within an office environment.  Employee may be expected to travel on occasion to locations where specific PPE or attire is necessary.

Job Requirements:

Minimum Requirements:

  • Education:
    • Bachelor’s degree in Business Administration, Engineering, Risk Management, or a related field (Master’s preferred).
  • Experience:
    • Minimum of 5 years of experience in risk management, project management, or contracts within the DoD or defense contracting industry.
    • Proven experience with DoD acquisition processes, FAR/DFARS, and government contracting requirements.
    • Familiarity with risk management tools, techniques, and software (e.g., Primavera Risk Analysis, Excel-based tools, etc.).
  • US Citizenship
  • Proficient in Microsoft Office to include Word, Excel, and Outlook
  • Current/Ability to obtain Secret Clearance
  • Skills:
    • Strong understanding of DoD risk management practices, including risk assessments, mitigation strategies, and reporting.
    • Ability to analyze complex technical and business challenges and develop effective solutions.
    • Excellent communication and interpersonal skills, with the ability to collaborate across multiple teams.
    • Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
    • Familiarity with cost estimating and financial management related to risk and opportunity analysis.

 

Preferred Requirements:

  • Detail-oriented with strong problem-solving abilities.
  • Ability to work in a fast-paced, dynamic environment.
  • Strong leadership capabilities and the ability to influence decision-making at various levels of the organization.
  • Ability to adapt and thrive in a constantly evolving landscape of DoD regulations and contract requirements.
  • Preferred active DoD Top Secret Clearance

 

EOE AA M/F/Vet/Disability

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