Senior Specialist, Enterprise Risk Management

About This Role

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Job Description JOB PURPOSE: Contribute to the continuous improvement of company’s Enterprise Risk Management Framework by

working closely with Risk Champions and Risk Owners across company. Ensure the implementation and

delivery of the Enterprise Risk Management Annual Plan, including the monitoring and updating company's

Strategic Risk Register. Provide guidance and support to Group Companies to standardize the

implementation company's Enterprise Risk Management Framework across the Group.

Identify opportunities for integrating risk management process into key business decision making venues

to support the achievement of company's long-term strategy and short-term milestones. Maintain vigilance

to global leading practices in Enterprise Risk Management and propose recommendation to update and

improvement the company Enterprise Risk Management Framework.

Key Accountabilities  Facilitate the execution of the ERM strategy through its defined processes and infrastructure as an

enabler to achieving company's Objectives.

 Periodically review and update the Enterprise Risk Management policies, standards and guidelines in

line with applicable global best practices

 Facilitate the development and update of company's risk appetite framework for submission to the ELT

/ Shareholders.

 Support risk champions in delivering ERM activities across company Group in adherence with the

company ERM Standards

 Deploy the right mix of competence and expertise to meet ERM strategic obligations; improving the

organization's overall risk culture

 Assesses the influence of company's strategy, business planning, performance and existing governance

practices to recommend and embed risk management activities.

 Create and customize ERM training plans and materials to promote consistent implementation of ERM

activities and develop ERM resources across the company Group.

 Propose updates and reviews of the company Group ERM Framework and governing documents (such

as ERM Policy, Standard and Procedure, Risk Appetite) in line with leading ERM practices, international

risk management standards and applicable local regulations.

 Liaise with other assurance providers in company (such as Internal Audit, Ethics & Compliance, Internal

Controls, etc.) to avoid duplication wherever applicable / practical.

 Prepare periodical reports to the ELT and shareholder committees providing insightful updates on

effective management of risks and its impact on company's current risk exposure.

Supervision  Plan, supervise and coordinate all activities in the assigned area to meet functional objectives.

 Train and develop the assigned staff on relevant skills to enable them to become proficient on the job

and deliver the respective business objectives.

Budgets  Provide input for preparation of the Function / Division / Department / Section budgets, assist in the

implementation of the approved Budget, and work plans to deliver business objectives.

 Investigate and highlight any significant variances to support effective performance and cost control.

Policies, Systems, Processes & Procedures  Implement approved Function/ Division/ Department/ Section policies, processes, systems, standards

and procedures in order to support execution of the work programs in line with Company and

International standards.

Performance Management  Contribute to the achievement of the approved Performance Objectives for the Function/ Division /

Department/ Section in line with the Company Performance framework.

Innovation and Continuous Improvement  Design and implement new tools and techniques to improve the quality and efficiency of operational

processes.

 Identify improvements in internal processes against best practices in pursuit of greater efficiency in line

with best industry standards in order to define intelligent solutions for issues confronting the function.

Health, Safety, Environment (HSE) and Sustainability  Comply with relevant HSE policies, procedures, controls, applicable legislation, and sustainability

guidelines in line with international standards, best practices and company Code of Practices.

Reports  Provide inputs to prepare MIS and progress reports for Company Management.

Communications & Working Relationships Internal  Quarterly contact with the Group Audit Committee / Group Company Audit Committee Chairperson.

 Regular contact with the GCFO and Executive Leadership Team / Risk Owners.

 Regular contact with Group Company CEO’s and Leadership teams.

 Frequent contact with Risk Champions at company.

 Frequent contact with ERM Managers and ERM teams of Group Companies.

 Frequent contact with Investment and Business Planning focal points.

 Frequent contact with Function and Division Managers across company.

External  Occasional contact with local and international vendors, contractors, and third party service providers

to establish relationships or to obtain services.

 Occasional contact with Government organizations and entities to establish and maintain relationships

or to obtain necessary clearances.

 Occasional contact with internal and external auditors, typically the partner-in-charge.

 Occasional contact with Industry bodies / professional organisations.

Qualifications, Experience, Knowledge & Skills Minimum Qualification  Bachelor Degree, preferably in Finance, Accounting, Economics, Engineering or Science

Minimum Experience & Knowledge & Skills  10 years of experience, of which at least 5 years in risk management within the Energy sector;

preferably Oil & Gas.

 Implementation of ERM within GCC

Professional Certifications  Certified or working towards a professional certification in Enterprise Risk Management / Financial

Risk Management.

Work Condition Physical Effort Work Environment  Minimal. Occasional outside visits.

 Normally Air Conditioned Environment.

Exposure to prevailing weather

conditions during outside visits.

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