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Manager, Enterprise Risk Management (04M)

SUMACO MANPOWER - Abu Dhabi, United Arab Emirates

Ref. SU5266023 Date Posted: 2016-12-12

Job Description

Role and Responsibilities:

  • Review and continuously enhance the design and application of the ERM framework
  • Advise management on identification and management of major risks
  • Coordinate risk reporting across the Company and ensure that management receives  sufficient and reliable information
  • Work with and support relevant organizations to instill risk management as an integral part of decision making
  • Liaise with other risk management functions (health and safety, IT risk management, emergency response/business continuity, treasury risk, etc.) to bring about risk alignment
  • Partnering with business units to establish appropriate processes and controls and provide ongoing risk management expertise and insights.
  • Collaborating with internal business partners in the development of an enterprise-wide model risk management framework and governance structure to align with new regulatory expectations.
  • Managing and oversee an approved risk appetite framework that (i) is enterprise-wide and tailored to the Company's business activities and operations and (ii) sets basic goals, benchmarks, parameters and limits as to the amount of risk the Company is willing to accept, taking into account various financial, operational and macroeconomic factors.
  • Providing oversight and monitoring of significant changes to risk strategies, and review of risk reporting and key processes to confirm adherence with policies and operating directives.
  • Review and analyze various aspects of the company's risk exposures
  • Establish and maintain policies and procedures designed to mitigate long standing and newly developing risks
  • Summarize key findings, recommend risk mitigations processes and policy & procedure
  • enhancements
  • Collaborate with cross-functional groups such as Compliance, Finance, Customer Support, Engineering, and Product Management to enhance in-house policies and procedures.
  • Educate internal team members and external parties on risk mitigation policies and procedures, and conduct training when necessary to ensure compliance with risk mitigation  policies & procedures
  • Maintain and refine the Company's risk appetite and risk tolerance to align with organization's strategy and business objectives.
  • Facilitate identification, measurement, control, and monitoring of top enterprise risks for the Company. Coordinate actions to mitigate risk with stakeholders and business units.
  • Facilitate development and maintain update of a set of key risk indicators to provide an early warning system of the firm's top enterprise risks. Use audit and compliance results for each business line as well as industry standards, guidelines, and practices to execute against framework.
  • Participate in the development of automated tools to standardize risk reporting across the
  • Company. Prepare reports and presentations for senior leadership on the state of enterprise risk throughout the Company.
  • Gain an understanding of the Company's business units and functional areas and monitor industry trends and best practices to ensure the identification and management of all types of enterprise risks.
  • Be an advocate for the Company's ERM standards among all management levels and facilitate a strong compliance culture for current and new and emerging products and services.
  • Monitoring best practices around policy and governance practices to influence continuous improvement for the Company.


Minimum Requirements:

  • Minimum 10 years substantive ERM experience with increasingly progressive responsibility, and at least 4 years in a management/specialist position.
  • International experience in ERM in the oil and gas industry is essential.
  • Ability to set a clear vision for the ERM programed and to successfully execute on the vision.
  • Experience of working within ERM, project risk management, IT risk management, health and safety, internal audit, compliance, HAZOPs or other risk management process in a comparable organization.
  • 5+ years’ experience in project management in the oil & gas industry would be an advantage.
  • Expert knowledge of Enterprise, Project and Operational Risk Management frameworks
  • Ability to produce management reports and meaningful analysis of findings and present them in a clear concise manner.
  • Strong leadership and communication capabilities and interpersonal skills to interface at all management levels
  • Ability to understand risk information and liaise with colleagues in and outside of the Risk
  • Management. Ability to describe technical topics to a non-technical audience.
  • Experience using risk management technology tools.


  • ERM related qualification from a recognized international institution.
  • Professional designation in project management, such as Project Management Professional (PMP).
  • Bachelor's degree in risk management, engineering, economics, business administration, accounting, financial management, law or a closely related specialty OR completed a relevant certification.
  • Master's Degree in any related field.

Professional Associations:

Membership of the Institute of Risk Management (IRM) or equivalent is an advantage                  


Bachelor's degree in risk management, engineering, economics, business administration, accounting, financial management, law or a closely related specialty OR completed a relevant certification.

Job Details

Job Location:Abu Dhabi, United Arab Emirates
Company Industry:Oil /Gas
Type of Company:recruitment
Job Role:Managemenent
Joining Date: Unspecified
Closing Date: Unspecified
Employment Status:Direct Hire
Employment Type:Employee
Monthly Salary Range:Unspecified
Manages Others:Yes
Number of Vacancies:5

Career Level:

Years of Experience: Min: 10 Max: 15
Residence Location: United Arab Emirates
Gender: Male or Female
Nationality: Any
Degree: Masters degree
Ref. SU5266023