Asset Management Risk Engineer

Location: Madagascar

Project Overview:

This scope of work defines the responsibilities and deliverables for a Risk Engineer supporting the implementation and execution of Asset Management (AM) and Risk-Based Inspection (RBI) programs. The Risk Engineer will play a critical role in identifying, assessing, and mitigating risks associated with critical assets to optimize inspection strategies, improve asset reliability, and ensure safe and efficient operation.

Project Objectives:

Develop and maintain a comprehensive understanding of the asset base, including equipment types, criticality, and operating history.
Implement and maintain a robust RBI program in accordance with industry standards (e.g., API 580/581).
Identify and quantify potential risks associated with asset degradation, failure, and operational hazards.
Develop and recommend risk mitigation strategies, including inspection planning, maintenance strategies, and operational modifications.
Contribute to the continuous improvement of the AM and RBI programs through data analysis, feedback, and lessons learned.
Ensure compliance with relevant regulatory requirements and company policies.

Responsibilities: The Risk Engineer shall be responsible for the following: 3.1. Risk Assessment and Analysis:

Conduct qualitative and quantitative risk assessments for critical assets, considering factors such as corrosion, erosion, fatigue, and operational stresses.
Develop and maintain risk matrices and other risk visualization tools.
Perform Failure Mode and Effects Analysis (FMEA) and Criticality Analysis to identify potential failure mechanisms and their consequences.
Utilize reliability data, operating history, and industry best practices to inform risk assessments.
Calculate the probability of failure (PoF) and the consequence of failure (CoF) using appropriate methodologies.
Regularly update risk assessments based on inspection results, operational changes, and new information.
Excellent analytical, problem-solving, and communication skills.
Ability to work independently and as part of a team.
Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).
Professional certifications (e.g., API 571, API 580, CMRP, CRE) are a plus.

Reporting Structure:

The Risk Engineer will report to the Superintendent of Reliability and Optimization.

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