Enterprise Risk Management Specialist

Saudi Aramco; Saudi Arabia; On-site; SAR 250,000 - 350,000; Full time

Job summary

A leading company in the oil and gas industry is seeking an experienced Enterprise Risk Management Specialist. The successful candidate will define and improve the company's risk management framework, ensuring a risk-aware culture. This role requires a minimum of 10 years of relevant experience and a bachelor's degree in a related field, with advanced degrees and certifications being highly desirable.

Qualifications

• 10+ years of experience in governance, risk, and compliance.
• Experience with Enterprise Risk Management processes.
• Certifications from IRM, PRMIA, or IIA are desirable.

Responsibilities

• Define, implement, and continuously improve ERM Framework.
• Align risk management practices with strategic objectives.
• Provide regular updates to senior leadership on key risks.

Skills

Governance

Risk Management

Compliance

Strategic Planning

Communication

Education

Bachelor's degree in Engineering

Bachelor's degree in Economics

Bachelor's degree in Business Administration

Bachelor's degree in Financial Management

Advanced degree

Tools

Risk Management methodologies

Project Risk Management

IT Risk Management

Internal Audit

Job description

Bachelor of Business Administration (Management)

Nationality: Any Nationality

Vacancy: 1 Vacancy

Job Description

Overview
We are seeking an Enterprise Risk Management Specialist to join our Decision Support & Risk Management Department within the Strategy & Market Analysis Organization.
The department is responsible for developing, implementing, and overseeing the company's global ERM framework to ensure consistent risk identification, assessment, monitoring, and reporting across the enterprise, including subsidiaries and joint ventures.
Your primary role will be to act as a senior advisor to the company and executive leadership, fostering a risk-aware culture that supports informed decision-making and long-term value creation.

Key Responsibilities

As a successful candidate, you will be required to perform the following:

1. Define, implement, and continuously improve the company-wide ERM Framework, policies, and methodologies.
2. Align risk management practices with the company's Operational Excellence framework and strategic objectives.
3. Commission periodic independent reviews of the ERM program and present findings to senior leadership.
4. Provide regular updates and briefings to the President & CEO, Group Executive Committee, and Board-level risk committees on key and emerging risks.
5. Maintain oversight of the company's Top Corporate Risks (TCRs), including reporting, validation, and mitigation tracking.
6. Ensure timely and accurate updates of Key Risk Indicators (KRIs) for corporate-level reporting.
7. Foster a risk-aware culture through ongoing education, communication, and engagement across all levels of the organization.
8. Serve as the central point of coordination for risk-related inquiries and initiatives globally.

Minimum Requirements

As a successful candidate, you will have:

1. Bachelor's degree in Engineering, Economics, Business Administration, Financial Management, or a closely related discipline; an advanced degree is highly desirable.
2. Minimum 10 years of relevant and progressive experience, with substantial experience in governance, risk, and compliance areas.
3. Deep understanding and experience in ERM, familiar with leading governance, risk, and control practices.
4. Experience with Enterprise Risk Management, Project Risk Management, IT Risk Management, Loss Prevention, Internal Audit, HAZOP, or other risk management processes is desirable.
5. Certifications from IRM, PRMIA, or IIA are desirable; candidates working towards these certifications are encouraged to apply.

Additional Information

Company Industry: Oil & Gas

Department / Functional Area: Finance, Treasury

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