FRM Lead

• Lead, develop, design, and continuously update a Financial Risk Management Policy, Framework, manuals, procedures, and guidelines to ensure they are current and consistently implemented.
• Advise on integrating FRMF policy and strategy into ADNOC L&S business strategy and business plans, including risk management in investment decisions.
• Ensure the implementation of risk management policies, procedures, and controls for effective establishment of financial risk management processes for:
  • Market Risk: Foreign Currency (FX) Risk, Interest Rate (IR) Risk, and Financial Counterparty Risk
  • Operational Price Risk: Commodity Risk (Bunkers), Freight Rate Risk, and EU Allowance (Carbon) Compliance Risk
• Provide support and guidance to divisions and subsidiaries on the application of ADNOC L&S FRMF to ensure consistency across the business.
• Support management, department managers, and employees in identifying and evaluating risks and controls in line with FRMF.
• Establish and maintain a risk evaluation methodology for each risk category, ensuring all risks are compared against approved risk criteria.
• Maintain comprehensive and up-to-date risk registers and ensure data quality in risk management systems.
• Lead and conduct risk assessment workshops to identify, assess, evaluate, and develop mitigation plans for business units.
• Support the establishment of a Management and/or Sub Board Price Risk Committee for periodic risk review and escalation.
• Identify and resolve risk management issues to ensure consistency in implementation.
• Support the Secretary to the Management Price Risk Committee and participate in other risk sub-committees, providing advice to members.
• Provide periodic or ad hoc reports and address key issues with mitigation possibilities to Price Risk Committees and Senior Management.