Risk Analyst (9 Month Contract)

Trillium Rail Partners•Mississauga, ON

1d•Hybrid

About The Position

TRP has a current vacancy for a risk analyst to assist with the development of the Target Price for the ECWE SRS Project by supporting the delivery of the Risk Management Plan and the end to end risk process defined in the plan. The role supports the Risk Manager to maintain a live risk register that aligns with project schedule, cost estimate, and TPA development inputs. The role supports the integration of cost and schedule risk exposure into the Target Price position through both qualitative and quantitative assessments. The role works closely with the Estimating Team to validate risk cost impacts, uncertainty ranges, and cost inputs used in the QCRA and to ensure there is no duplicate or unsubstantiated cost exposure being carried in both the estimate and the risk register. About the Project: The Eglinton Crosstown West Extension will bring the Eglinton Crosstown LRT another 9.2 kilometres farther west, creating a continuous rapid transit line from the east end of Toronto into Mississauga. The Stations, Rail, and Systems (SRS) package encompasses the design, construction, integration, and commissioning of key project components. Position Overview: TRP has a current vacancy for a risk analyst to assist with the development of the Target Price for the ECWE SRS Project by supporting the delivery of the Risk Management Plan and the end to end risk process defined in the plan. The role supports the Risk Manager to maintain a live risk register that aligns with project schedule, cost estimate, and TPA development inputs. The role supports the integration of cost and schedule risk exposure into the Target Price position through both qualitative and quantitative assessments. The role works closely with the Estimating Team to validate risk cost impacts, uncertainty ranges, and cost inputs used in the QCRA and to ensure there is no duplicate or unsubstantiated cost exposure being carried in both the estimate and the risk register.

Requirements

Experience working on major infrastructure projects
Understanding of cost estimates, schedule formats, means and methods, and design development stages
Ability to use structured cause event effect articulation of risks
Proficiency in MS Excel.
Ability to facilitate structured discussions and capture risk statements accurately
Understanding of Monte Carlo concepts for cost and schedule risk
Strong written documentation skills to maintain traceable and defensible risk data

Nice To Haves

Safran experience is an advantage

Responsibilities

Support Risk Manager in implementing the risk management process across all scopes
Support risk identification workshops, risk update sessions, and working group meetings in line with RMP and development phase milestones
Develop and maintain the project risk register including status, allocation, scoring, and treatment plans
Support preparation of inputs for Qualitative and Quantitative Risk Assessments
Coordinate with Estimating Lead and Scheduling Manager to align probability and impact values with validated basis of estimate and basis of schedule
Work with Estimating Lead and Estimating Team to validate cost impact assumptions for risks and uncertainty
Support Estimating Team to define optimistic, most likely, and pessimistic cost ranges for risk events
Confirm that cost impacts of risks are traceable to CBS elements and not double counted
Support alignment between risk register updates and Basis of Estimate inputs through each Checkpoint
Support preparation of QCRA inputs and rationale documentation for cost ranges and sources
Track mitigation actions, support action owners, and update current and target state exposure
Support preparation of Risk Reports for governance meetings and checkpoint submissions
Maintain alignment of register updates with Lockdown dates and Checkpoint requirements
Support training and onboarding of discipline teams on risk process and templates
Support correct tagging of risks as Development Phase, Shared, Construction Execution or Adjustment Event
Maintain evidence for closure of risks and support transition of materialized risks to issue log