Enterprise Risk Management Specialist

Saudi Aramco; Saudi Arabia; On-site; SAR 300,000 - 600,000; Full time

Job summary

Saudi Aramco seeks an Enterprise Risk Management Specialist to develop and oversee a global ERM framework across the enterprise, ensuring proactive risk identification, assessment, monitoring and reporting for corporate entities and joint ventures.

The role requires extensive ERM experience, governance excellence, and ability to guide affiliates in standardized risk practices and decision support, with leadership to corporate risk discussions.

Qualifications

• Bachelor's degree in Engineering, Economics, Business, Accounting, Financial Management or related field.
• 10 years in governance, risk and compliance roles.
• IR M/PRMIA/IIA certifications are a plus.
• Experienced in ERM and leading governance, risk and control practices.
• Experience with Enterprise/Project IT risk, loss prevention, Internal Audit or HAZOP is preferred.
• Strong analytical, communication and strategic thinking abilities.
• Able to work with minimal supervision on unstructured tasks.

Responsibilities

• Align risk practices with the company's Operational Excellence framework and strategy.
• Lead periodic independent reviews of the ERM program for senior leaders.
• Provide updates to the President/CEO, EXCOM and risk committees.
• Oversee Top Corporate Risks, KRIs, reporting and mitigation tracking.
• Drive annual Corporate Risk Assessment across all lines and affiliates.
• Develop tools, templates, and guidance for risk assessments and decision making.

Skills

ERM governance

Risk assessment

KRIs & KPIs

Stakeholder comms

Strategic thinking

Leadership

Education

Bachelor's degree in Engineering/Economics/Business

Advanced degree (plus)

IRM/PRMIA/IIA certification (plus)

Tools

GRC software

HAZOP knowledge

Job description

Overview

We are seeking an Enterprise Risk Management Specialist to join the Decision Support & Risk Management Department (DS&RMD).

DS&RMD operates under the Strategy & Market Analysis (S&MA) organization and serves as a central advisory function to Company management. The department provides integrated decision support across energy markets and outlook, oil pricing, macroeconomic analysis, economic evaluations, international energy policies & regulations and risk management. In parallel, DS&RMD plays a key role in enabling a corporate-wide Enterprise Risk Management framework by supporting Corporate Management and business organizations in the development, implementation, and continuous enhancement of risk management practices to strengthen strategic decision-making and organizational resilience.

Your primary role As an ERM specialist, you will be responsible for the development, implementation, and oversight of the company’s global ERM framework, ensuring a consistent and proactive identification, assessment, monitoring, and reporting of risks across the enterprise, including corporate entities, subsidiaries, and joint ventures.

Key Responsibilities

• Align risk management practices with the company’s Operational Excellence framework and strategic objectives.
• Commission periodic independent reviews of the ERM program and present findings to senior leadership.
• Provide regular updates and briefings to the President & CEO, Group Executive Committee, and Board-level risk committees on key and emerging risks.
• Maintain oversight of the company’s Top Corporate Risks (TCRs), including reporting, validation, and mitigation tracking.
• Ensure timely and accurate updates of Key Risk Indicators (KRIs) for corporate-level reporting.
• Lead the annual Corporate Risk Assessment process across all business lines and affiliates.
• Guide global organizations in identifying, assessing, and reporting risks in alignment with standardized templates and practices.
• Review risk registers and ensure proper ownership, accountability, and action plans for identified risks.
• Develop and maintain tools, templates, and guidance for decision risk assessments.
• Review submissions to Executive and Investment Committees for adequacy of risk assessment.
• Provide consultative support to proponents on integrating risk insights into strategic proposals.
• Implement and manage a unified ERM approach for subsidiaries.
• Conduct periodic risk program assessments for alignment and adequacy.
• Provide training and support to affiliate teams in identifying and managing risks.

Minimum Requirements

• Bachelor’s degree in Engineering, Economics, Business Administration, Accounting, Financial Management, Risk Management or related discipline from an accredited university. Advanced degree is a plus.
• 10 years of experience in governance, risk and compliance areas.
• Holding certificates from Institute of Risk Management (IRM), Professional Risk Managers International Association, and Institute of Internal Auditors (IIA) is a plus.
• Must be experienced in ERM and familiar with leading governance, risk and control practices.
• Experience of working with Enterprise Risk Management, Project Risk Management, IT Risk Management, Loss Prevention, Internal Audit, HAZOP or other risk management process is preferred.
• Excellent analytical, communication, and strategic thinking abilities.
• Must be able to work with minimum supervision on relatively unstructured tasks.

Work Schedule and Work Location

Work Location: Within Saudi Arabia – To be specified in Job offer

Work Schedule: Full Time – To be specified in Job offer