JOB PURPOSE:
Contribute to the continuous improvement of ADNOCs Enterprise Risk Management Framework by working closely with Risk Champions and Risk Owners across ADNOC. Ensure the implementation and delivery of the Enterprise Risk Management Annual Plan, including the monitoring and updating ADNOC's Strategic Risk Register. Provide guidance and support to Group Companies to standardize the implementation ADNOC'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 ADNOC'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 ADNOC Enterprise Risk Management Framework.
KEY ACCOUNTABILITIES:
xc2xb7 Facilitate the execution of the ERM strategy through its defined processes and infrastructure as an enabler to achieving ADNOC's Objectives.
xc2xb7 Periodically review and update the Enterprise Risk Management policies, standards and guidelines in line with applicable global best practices
xc2xb7 Facilitate the development and update of ADNOC's risk appetite framework for submission to the ELT / Shareholders.
xc2xb7 Support risk champions in delivering ERM activities across ADNOC Group in adherence with the ADNOC ERM Standards
xc2xb7 Deploy the right mix of competence and expertise to meet ERM strategic obligations, improving the organization's overall risk culture
xc2xb7 Assesses the influence of ADNOC's strategy, business planning, performance and existing governance practices to recommend and embed risk management activities.
xc2xb7 Create and customize ERM training plans and materials to promote consistent implementation of ERM activities and develop ERM resources across the ADNOC Group.
xc2xb7 Propose updates and reviews of the ADNOC 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.
xc2xb7 Liaise with other assurance providers in ADNOC (such as Internal Audit, Ethics & Compliance, Internal Controls, etc.) to avoid duplication wherever applicable / practical.
xc2xb7 Prepare periodical reports to the ELT and shareholder committees providing insightful updates on effective management of risks and its impact on ADNOC's current risk exposure. Supervision
xc2xb7 Plan, supervise and coordinate all activities in the assigned area to meet functional objectives.
xc2xb7 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
xc2xb7 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.
xc2xb7 Investigate and highlight any significant variances to support effective performance and cost control. Policies, Systems, Processes & Procedures
xc2xb7 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
xc2xb7 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
xc2xb7 Design and implement new tools and techniques to improve the quality and efficiency of operational processes.
xc2xb7 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
xc2xb7 Comply with relevant HSE policies, procedures, controls, applicable legislation, and sustainability guidelines in line with international standards, best practices and ADNOC Code of Practices. Reports
xc2xb7 Provide inputs to prepare MIS and progress reports for Company Management.
COMMUNICATIONS & WORKING RELATIONSHIPS:
Internal
xc2xb7 Quarterly contact with the Group Audit Committee / Group Company Audit Committee Chairperson. xc2xb7 Regular contact with the GCFO and Executive Leadership Team / Risk Owners.
xc2xb7 Regular contact with Group Company CEOs and Leadership teams.
xc2xb7 Frequent contact with Risk Champions at ADNOC.
xc2xb7 Frequent contact with ERM Managers and ERM teams of Group Companies.
xc2xb7 Frequent contact with Investment and Business Planning focal points.
xc2xb7 Frequent contact with Function and Division Managers across ADNOC. External
xc2xb7 Occasional contact with local and international vendors, contractors, and third party service providers to establish relationships or to obtain services.
xc2xb7 Occasional contact with Government organizations and entities to establish and maintain relationships or to obtain necessary clearances.
xc2xb7 Occasional contact with internal and external auditors, typically the partner-in-charge.
xc2xb7 Occasional contact with Industry bodies / professional organisations.
QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS:
Minimum Qualification
xc2xb7 Bachelor Degree, preferably in Finance, Accounting, Economics, Engineering or Science
Minimum Experience & Knowledge & Skills
xc2xb7 10 years of experience, of which at least 5 years in risk management within the Energy sector; preferably Oil & Gas.
xc2xb7 Implementation of ERM within GCC Professional Certifications
xc2xb7 Certified or working towards a professional certification in Enterprise Risk Management / Financial Risk Management.
WORK CONDITION:
Physical Effort Work Environment xc2xb7 Minimal. Occasional outside visits.
xc2xb7 Normally Air Conditioned Environment. Exposure to prevailing weather conditions during outside visits.