Senior Specialist, Enterprise Risk Management

JOB PURPOSE:

Contribute to the continuous improvement of ADNOCu2019s 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.

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KEY ACCOUNTABILITIES

uF0B7 Facilitate the execution of the ERM strategy through its defined processes and infrastructure as an

enabler to achieving ADNOC's Objectives.

uF0B7 Periodically review and update the Enterprise Risk Management policies, standards and guidelines in

line with applicable global best practices

uF0B7 Facilitate the development and update of ADNOC's risk appetite framework for submission to the ELT

/ Shareholders.

uF0B7 Support risk champions in delivering ERM activities across ADNOC Group in adherence with the

ADNOC ERM Standards

uF0B7 Deploy the right mix of competence and expertise to meet ERM strategic obligations improving the

organization's overall risk culture

uF0B7 Assesses the influence of ADNOC's strategy, business planning, performance and existing governance

practices to recommend and embed risk management activities.

uF0B7 Create and customize ERM training plans and materials to promote consistent implementation of ERM

activities and develop ERM resources across the ADNOC Group.

uF0B7 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.

uF0B7 Liaise with other assurance providers in ADNOC (such as Internal Audit, Ethics & Compliance, Internal

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

uF0B7 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.

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Supervision

uF0B7 Plan, supervise and coordinate all activities in the assigned area to meet functional objectives.

uF0B7 Train and develop the assigned staff on relevant skills to enable them to become proficient on the job

and deliver the respective business objectives.

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Budgets

uF0B7 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.

uF0B7 Investigate and highlight any significant variances to support effective performance and cost control.

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Policies, Systems, Processes & Procedures

uF0B7 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.

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Performance Management

uF0B7 Contribute to the achievement of the approved Performance Objectives for the Function/ Division /

Department/ Section in line with the Company Performance framework.

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Innovation and Continuous Improvement

uF0B7 Design and implement new tools and techniques to improve the quality and efficiency of operational

processes.

uF0B7 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.

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Health, Safety, Environment (HSE) and Sustainability

uF0B7 Comply with relevant HSE policies, procedures, controls, applicable legislation, and sustainability

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

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Reports

uF0B7 Provide inputs to prepare MIS and progress reports for Company Management.

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COMMUNICATIONS & WORKING RELATIONSHIPS:

Internal

uF0B7 Quarterly contact with the Group Audit Committee / Group Company Audit Committee Chairperson.

uF0B7 Regular contact with the GCFO and Executive Leadership Team / Risk Owners.

uF0B7 Regular contact with Group Company CEOu2019s and Leadership teams.

uF0B7 Frequent contact with Risk Champions at ADNOC.

uF0B7 Frequent contact with ERM Managers and ERM teams of Group Companies.

uF0B7 Frequent contact with Investment and Business Planning focal points.

uF0B7 Frequent contact with Function and Division Managers across ADNOC.

External

uF0B7 Occasional contact with local and international vendors, contractors, and third party service providers

to establish relationships or to obtain services.

uF0B7 Occasional contact with Government organizations and entities to establish and maintain relationships

or to obtain necessary clearances.

uF0B7 Occasional contact with internal and external auditors, typically the partner-in-charge.

uF0B7 Occasional contact with Industry bodies / professional organisations.

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QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS:

Minimum Qualification

uF0B7 Bachelor Degree, preferably in Finance, Accounting, Economics, Engineering or Science

Minimum Experience & Knowledge & Skills

uF0B7 10 years of experience, of which at least 5 years in risk management within the Energy sector

preferably Oil & Gas.

uF0B7 Implementation of ERM within GCC

Professional Certifications

uF0B7 Certified or working towards a professional certification in Enterprise Risk Management / Financial

Risk Management.

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WORK CONDITION:

Physical Effort Work Environment

uF0B7 Minimal. Occasional outside visits.

uF0B7 Normally Air Conditioned Environment.

Exposure to prevailing weather

conditions during outside visits.