Oil Trading Operational Risk Manager - Dubai Based

Bramwith Consulting; Dubai; On-site; AED 432,000; Full time

Job summary

A start-up commodity trading firm in Dubai seeks an Operational Risk Manager to oversee daily operations and ensure risk management objectives are met. Ideal candidates have over 5 years of relevant experience in oil & gas trading and possess strong project management skills. This role offers a salary of 432k AED plus benefits, including relocation assistance and a unique opportunity to grow with the business.

Benefits

Relocation allowance

Visa sponsorship

Assistance in setting up a UAE bank account

Qualifications

• 5+ years in Operational Risk within Oil & Gas trading.
• Experience as Operational Risk Analyst keen to grow into manager role.
• Fluency in English; Arabic is a bonus.

Responsibilities

• Run the Operational Risk function daily.
• Develop and maintain internal processes and controls framework.
• Monitor and manage operational risk across all functions.
• Oversee internal audits and trading practices.
• Drive strategic projects alongside core responsibilities.

Skills

Operational Risk Management

Project Management

Crude Oil & Refined Products Experience

Verbal Communication

Written Communication

Education

Bachelor's Degree in Business, Economics, or Finance

Job description

Bramwith Consulting

Oil Trading Operational Risk Manager - Dubai Based

• Business : Start-up Commodity Trading Firm of Oil & Gas Major
• Location : Dubai, UAE
• Salary : 432k AED basic TAX FREE + package
• Assistance : Relocation allowance + visa sponsorship + assistance in setting up UAE bank account etc

Overview

Start-up (1 year in), asset backed commodity trading business of a large Oil & Gas Major seeks an Operational Risk Manager to join them in Dubai.

The successful Operational Risk Manager could be already working in a similar level Operational Risk Manager role or could be a bit more junior working in an Operational Risk Analyst role (for an Operational Risk Manager) but be keen to step up into that role.

You will play a critical role in the start-up phase, for the development and execution of strategic projects (including commercial, operational and IT / Data), alignment with group / subsidiary initiatives, as well as the development and application of the trading business\' governance and controls framework.

The trading business has very ambitious growth plans including opening up new offices in Geneva, Singapore etc, so as the business grows and the trading mandate increases, the scope of the role of the role will grow and this role will be critical for success, so this is a once in a career opportunity to join near the start and grow your career with this asset backed commodity trading business.

Key Responsibilities

The successful Operation Risk Manager will be required to run the Operational Risk function on a day-to-day basis. You will be required to perform data gathering, analysis, and reporting, as well as monitor and help manage the operational risk of all business functions. It is important to have a single point of ownership for controls compliance.

• Assist with developing, enhancing and maintaining the trading business\' internal processes and controls framework, in collaboration with control owners across all business teams.
• Oversee the operation of internal controls, including assessing the adequacy of design and operational effectiveness.
• Assist in the coordination of internal audits and reviews of trading practices - including helping to coordinate the response to identified actions.
• You will be responsible for the running and coordination of the New Business Framework, which is vital to ensure efficient business growth whilst safeguarding the trading business\' from excessive or unintentional risk.
• You will also be required to support the Operational Readiness to ensure that the business is set up adequately for the new activity, preventing any costly premature go-live. Run the new business risk approval process and maintain a register following delegation of authority
• Seek automation and process improvement opportunities, efficiencies to realise a competitive disadvantage.
• Monitoring of KRIs, to proactively spot emerging risks or process inefficiencies.
• The Operation Risk Manager is required to own and regularly review all functional access related to software applications.
• The Operation Risk Manager is responsible for coordination of all departments to ensure they have appropriate business continuity plans in place, ensuring they remain viable and coordinated.
• As well as your core Operation Risk Manager role, you will also be responsible for driving forward strategic projects.

Key Skills & Experience

• 5 years+ (ideally more) working in Operational Risk within an Oil & Gas trading organisation, or potentially for a consultancy working on client-site at Oil & Gas trading businesses. This can be working as a similar level Operational Risk Manager or as an Operational Risk Analyst who is keen to grow into this role
• Strong Crude Oil & Refined Products experience
• Good project management understanding
• Ability to work in a fast moving, early stage trading organisation, supporting growth whilst ensuring control and risk management objectives are met
• Preferably bachelor\'s degree in a business, economics, or finance related qualification
• Fluency in English is required, with excellent written and verbal communication. Arabic language skills are a bonus.

For more information, please e-mail through an up-to-date copy of your CV to Ben at k