Project, Risk Manager

Role Title:

Project, Risk Manager

Reports to:

Director, Project

Manager Once Removed:

SVP, US Business Unit

Direct Reports:

No

Job Type:

Full-time, Regular

Location:

Tucson, AZ

About Hudbay:

Hudbay (TSX, NYSE: HBM) is a copper-focused mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining-friendly jurisdictions of Canada, Peru, and the United States.

Hudbay's operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the company, which is complemented by meaningful gold production. Hudbay's growth pipeline includes the Copper World project in Arizona, the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations.

The value Hudbay creates and the impact it has is embodied in its purpose statement: "We care about our people, our communities, and our planet. Hudbay provides the metals the world needs. We work sustainably, transform lives, and create better futures for communities." Hudbay's mission is to create sustainable value and strong returns by leveraging its core strengths in community relations, focused exploration, mine development and efficient operations.

Mission:

To create sustainable value and strong returns by leveraging our core strengths in community relations, focused exploration, mine development and efficient operations.

Purpose of Role:

Role Accountabilities:.

Reporting to Director, Project the Risk Manager is responsible for implementing, maturing, and integrating the risk management framework across both the major capital projects supporting enterprise risk management (ERM) structure of the organization. As the project advances from FEED into Define and full Execution, this role ensures that project-level risks-technical, environmental, regulatory, commercial, schedule, cost, and stakeholder-based-are aligned with corporate risk appetite, ESG commitments, and enterprise governance protocols.

This position acts as the primary risk interface between:

The Project Director and Project Manager

Corporate Enterprise Risk Management Leadership

The Executive Leadership Team (ELT)

Integrated Project Team (IPD model)

Operations, HSSE, Finance, Legal, Environmental, Permitting and Community

Affairs

The role ensures that risk intelligence flows both upward (enterprise-level visibility) and downward (project-level execution decisions), enabling the organization to deliver the mining project safely, within budget.

This role will be located at the regional head office in Tucson, Arizona.

Roll Accountabilities:

1. Enterprise Risk Integration

Translate project-level risks into enterprise risk categories (strategic, regulatory, operational, financial, reputational).

Ensure alignment with corporate ERM frameworks, governance processes, and reporting cycles.

Present project risk profiles to Corporate Risk Department, Audit Committees, Toll Gate peer reviewers and US Business Unit Management.

Map project risks to corporate risk registers and ensure cross-functional mitigation alignment.

Integrate ESG-related risks (environmental compliance, community impact, sustainability commitments).

Support enterprise-level scenario planning, stress-testing, and portfolio risk modeling.

2. Project Risk Management Leadership (FEED Execution)

Own and implement the Risk Management Plan throughout all project phases.

Ensure risk management activities align with ISO 31000, corporate standards, and U.S. mining regulations.

Lead the transition of risk maturity from conceptual/Select FEED Define Execution.

Facilitate risk identification workshops, SME interviews, and cross-functional assessments.

Maintain a comprehensive risk register capturing technical, commercial, execution, regulatory, and operational risks.

3. Mining-Specific Risk Identification & Assessment

Capture and evaluate risks unique to U.S. mining, including:

Federal/state permitting (NEPA, EPA, USACE, BLM, USFS, MSHA).

Geotechnical/geological uncertainty and resource definition.

Land access, tribal relations, community consultation, and environmental justice considerations.

Remote-site logistics, infrastructure, climate conditions, water rights, and power supply.

Engineering design maturity and process technology readiness.

Construction execution constraints (labor availability, union/non-union conditions, contractor capability).

Commodity market volatility and supply chain disruptions.

Classify risks using enterprise-aligned consequence/likelihood criteria for HSE, schedule, cost, environment, reputation, and strategic impact.

4. Qualitative & Quantitative Risk Analysis

Lead qualitative assessments to prioritize risk impact areas.

Coordinate third-party CSA/SRA/CRA (Cost & Schedule Risk Analysis) to quantify exposure and establish contingency.

Ensure risk-adjusted forecasts feed into enterprise financial planning, capital allocation, and contingency governance.

Conduct Monte Carlo simulations and scenario assessments for enterprise review.

5. Mitigation Planning, Treatment & Controls Assurance

Ensure Risk Owners develop mitigation actions aligned with corporate risk appetite.

Challenge and validate the effectiveness of planned controls at both project and enterprise levels.

Integrate treatment plans into the overall execution strategy, contracting strategies, and procurement plans.

Confirm mitigations meet ERM standards, including documentation, traceability, and KPIs.

Review control effectiveness throughout project phases, adjusting recovery plans as required.

6. Monitoring, Reporting & Governance

Maintain a real-time risk register for Copper World project, key risks aligned to Hudbay risk threshold rolls up to the enterprise risk register.

Provide regular dashboards, heat maps, and risk intelligence to:

Project Leadership Team

Corporate Risk Department/Committee

US Business Unit Leadership team

Finance and Audit Committee

Track emerging risks, risk trends, and deviations.

Support stage-gate approvals and readiness reviews (Select FEED Define Execution).

Ensure integration with project controls, cost and schedule reporting, and change management.

7. IPT, Contractor, and Stakeholder Risk Alignment

Lead integration of the Integrated Project Delivery Model (IPT), vendor, and contractor risk registers into Copper Risk register.

Manage interface risks between owner's teams, contractors, operations, and regulatory functions.

Ensure contractual frameworks appropriately allocate ownership, transfer, or sharing of risks.

Oversee risk elements of bid evaluations and contract award recommendations.

Minimum Qualifications and Education:

Degree in Engineering, Mining, Business, Risk Management, or related discipline.

10+ years in risk management for major capital projects, including U.S. mining or heavy industrial sectors.

Experience working closely with enterprise-level risk organizations.

Strong command of FEED, Define, and Execution workflow and stage-gate processes.

Proficiency with risk software (ARM, @Risk, Primavera Risk Analysis, Safran Risk).

NOTE: This job description is not intended to be all-inclusive. Employees may perform other related duties as needed to meet the ongoing needs of the organization.

Other Requirements:

Physical - The physical demands described here are representative of those that must be met by an employee to perform the essential functions of this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand, walk; sit; use hands to finger, handle or feel; and reach with hands and arms. The employee is occasionally required to climb or balance; stoop, kneel, crouch, or crawl; and taste or smell. The employee must regularly lift and/or move up to 10 pounds, frequently lift and/or move up to 25 pounds, and occasionally lift and/or move up to 50 pounds. Specific vision abilities may be required for this position.

Work Environment - The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The work environment will necessitate work near moving mechanical parts and outside weather conditions such as hot and/or dry conditions. Work will be conducted in locations where noise, fumes, dust, toxic or caustic chemicals, and vibration may exist.

Employee will be expected to drive a company vehicle, rental vehicle and/or his/her own vehicle in the course of performing the job, Employee must be able to perform the physical functions of operating a motor vehicle, including use of eyes, ears, arms, hands, legs, and feet. Employee must be able to prove that he/she has a current and valid driver's license.

Why Hudbay?

At Hudbay, our values of Dignity & Respect, Caring, Openness, and Trustworthiness are embedded into our culture by the way we work and how we interact with one another.

We pride ourselves in providing our employees with competitive total rewards that include:

Annual performance bonuses

Affordable medical, dental and vision benefits for you and your family.

Company paid Life insurance, AD&D, Short- & Long-term Disability.

401(k) plan with employer contribution/match

An Employee Share Purchase Plan with contribution matching

Employee Assistance Program

Paid time off, paid sick time and holiday pay.

Regular performance appraisals to acknowledge our employees for their contributions, strengths and work well done.

Hudbay is an Equal Opportunity Employer. Candidates may be required to undergo educational and criminal background checks. Chosen candidates will be required to successfully pass a physical and drug screening.

M-F (8 hour days)