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Senior Specialist, Enterprise Risk Management

ADNOC (Abu Dhabi National Oil Company)

UAEAED 6,000-16,000/moToday
UAEFinance & AccountingFull Time

Skills Required

ErpCommunicationLeadershipSafety

Job Description

JOB PURPOSEContribute to the continuous improvement of ADNOC’s Enterprise Risk Management Framework by working closely with Risk Champions and Risk Owners across ADNOC, ensuring the implementation and delivery of the Enterprise Risk Management Annual Plan and the monitoring and updating of ADNOC's Strategic Risk Register. Provide guidance and support to Group Companies to standardize the implementation of ADNOC's Enterprise Risk Management Framework across the Group, identify opportunities for integrating risk management processes into key business decision‑making venues to support ADNOC’s long‑term strategy and short‑term milestones, and maintain vigilance on global leading practices in Enterprise Risk Management, proposing recommendations to update and improve the ADNOC Enterprise Risk Management Framework.KEY ACCOUNTABILITIESFacilitate the execution of the ERM strategy through its defined processes and infrastructure as an enabler of achieving ADNOC’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 ADNOC’s risk appetite framework for submission to the ELT / Shareholders; support risk champions in delivering ERM activities across the ADNOC Group in adherence with the ADNOC ERM Standards; deploy the right mix of competence and expertise to meet ERM strategic obligations and improve the organization’s overall risk culture; assess the influence of ADNOC’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 ADNOC Group; 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; liaise with other assurance providers in ADNOC (such as Internal Audit, Ethics & Compliance, Internal Controls, etc.) to avoid duplication wherever applicable; and 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.SUPERVISIONPlan, 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.BUDGETSProvide 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, and investigate and highlight any significant variances to support effective performance and cost control.POLICIES, SYSTEMS, PROCESSES & PROCEDURESImplement 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 MANAGEMENTContribute to the achievement of the approved Performance Objectives for the Function/Division/Department/Section in line with the Company Performance framework.INNOVATION AND CONTINUOUS IMPROVEMENTDesign 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 SUSTAINABILITYComply with relevant HSE policies, procedures, controls, applicable legislation and sustainability guidelines in line with international standards, best practices and ADNOC Code of Practices.REPORTSProvide inputs to prepare MIS and progress reports for Company Management.COMMUNICATIONS & WORKING RELATIONSHIPSInternalQuarterly 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 ADNOC; 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 ADNOC.ExternalOccasional 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