Senior Manager Governance & Risk at Emarat

Dubai, Dubai, United Arab Emirates -

Full Time

Start Date

Immediate

Expiry Date

29 Apr, 26

Salary

0.0

Posted On

29 Jan, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Enterprise Risk Management, Risk Assessment, Risk Treatment, Regulatory Compliance, Leadership, Training, Reporting, Monitoring, Risk Framework Development, Stakeholder Engagement, Risk Register Management, KPI Development, Continuous Improvement, Communication, Strategic Planning, Risk Analysis

Industry

Oil and Gas

Description

Role Purpose: The role of the Head of Risk is to develop, maintain and implement a robust Enterprise Risk Management (ERM) program in an integrated manner within business processes for identifying, assessing, responding, monitoring, and reporting key and emerging risks with the aim of mitigating risks to an acceptable level for the achievement of Emarat’s objectives. Key Accountabilities: ERM Framework: Develop and implement a detailed risk management framework. (Policy, procedure, Risk Assessment criteria, Risk Appetite Statement and Tolerance Levels, KPIs, reporting…etc) in line with any applicable regulatory requirements and leading practices such as ISO 31000. Raise any changes and comments to the Risk & Audit Committee upon annual review of the ERM Policy, Procedure and Framework and inform the Director General of any subsequent changes made post approval from the RAC. Carry out the functions of general leadership, vision and direction of risk management of Emarat. Plan, design and implement an overall enterprise-wide risk management process and implementation plan. Set out an integrated risk management framework for all risk elements within Emarat. Identify strategic risk training needs and raise awareness with regards to risk management practices and ERM activities by conducting major and refresher risk management trainings/awareness sessions for all employees across Emarat. Risk Assessment and Treatment: Understand the risk strategy elements and ensure that the relevant risks are aligned and defined. Develop a comprehensive process to assess, identify, monitor and reduce related risks that may interfere with the company purposes and objectives. Conduct periodic risk assessment workshops with risk champions and internal stakeholders across Emarat for identifying, analysing and evaluating enterprise-wide key risks. Aggregate interrelated and correlated risks into risk clusters to identify the top key risks. Facilitate, review, endorse and obtain approval on the key risks identified for treatment. Review proposed risk treatment plans and monitor their implementation to ensure the achievement of desired results within the agreed timelines by the Risk Owners, and report to the Risk & Audit Committee in case of any deviations. Inform the Director General of Key Risks reported to the RAC and subsequently to the Board of Directors. Inform and provide updates to the Director General about the results of the risk assessment exercise and the integration of risk appetite into the decision-making process. Develop Emarat’s entity-wide risk register including the top key risks, treatment plans and Key Risk Indicators. Set the scale and communicate risks, controls adequacy and effectiveness with Internal Audit Unit. Ensure that the Company is in full compliance with internal operational policies and procedures and any external legal, regulatory or contractual requirements. Reporting: Coordinate the Company risk management efforts, outline risks and controls for senior management and the Board and submit recommendations. Report key risks along with associated treatment plans on a periodic basis or whenever there is an update affecting their risk ranking and treatment plans. Report Risk Treatment Plan Status Report on a quarterly basis. Report on the implementation of ERM elements to the RAC on a quarterly basis and subsequently to the Board of Directors. Inform the Director General on the progress/updates of implementation stages of the ERM elements. Inform the Director General about the performance of the Risk Department and the adequacy of the ERM Framework. On an annual basis, submit a Risk Management Activity Report including summary of the risk management activities conducted during the year, results, performance and plan for the upcoming year. Provide a centralized process for aggregating and reporting risk information from various sources. Provide input on the RAC committee meeting pack in relation to risk management. Monitoring and Review: Review and monitor the effectiveness of risk management processes and procedures. Evaluate the effectiveness of the ERM Framework in achieving the risk management performance objectives and identifying opportunities for continuous improvement through the monitoring of ERM Key Performance Indicators (KPIs). Review updated risk registers. Maintain regular updates on directions and developments in risk management industry and ensure that relevant knowledge and information are passed on to business managers within the company. Follow up with departmental directors and line managers and verify that risk treatment plans are implemented on time and as planned. Review risk escalation reports and assess the adequacy of the information provided. Qualifications and Requirements: Bachelor’s degree in Risk Management, Business Administration or equivalent. MBA or post graduate diploma in Risk Management is preferred. Professional risk management certifications (e.g., CRMA, CRMP, FRM, CRISC, etc.). A minimum of 10-12 years’ experience in Risk Management, 5 of which must have been at a managerial level. Emarat is a multi-channel power and energy company with a much-loved network of service stations and fuel depots across Dubai and the Northern Emirates. We meet the day-to-day petrol and LPG needs of millions of people while also helping to keep the engines of Industry running with fleet solutions, aviation fuel and commercial fuel services. The Emarat brand has earned its reputation for providing great value and high-quality products and services – which is why you can expect the expected, every time. Our network spans right across the north of the UAE, from Dubai to Ajman, and from Fujairah to Sharjah, plus many other locations in between. Service and quality are incredibly important to us, which is why we are proud to provide our customers with high-quality fuel, lubricants, state-of-the-art car washing facilities, best-in-class terminalling, bulk fuel logistics and great franchise opportunities for ambitious businesses. Oh, and we also serve superb freshly-ground Arabicca coffee for anybody with a taste for the real thing. All our colleagues – from the barista to the car mechanic – are fully trained in how to deliver great customer service. We operate ethically and to the highest international and national HSE standards, making sure that employees, customers and business partners are happy and safe at Emarat. Emirates General Petroleum Corporation, Emarat, serves millions of customers across Dubai and the Northern Emirates and Dubai with great value, high-quality fuel at modern service stations. We serve the nation’s businesses across multiple industries, including hospitality, construction, aviation and real estate with a wide range of commercial fuels and lubricants. In addition, we distribute to our residential customers from our LPG bottling plants in the Jebel Ali Free Zone and our new distribution centre in Al Qusais, ensuring that residents across Dubai and further afield are never far away from a fast and reliable source of power. Through our modern, best-in-class terminals at Jebel Ali, Fujairah and Ras Al Khaimah, we lease the latest, high-quality fuel storage and distribution facilities. Across the entire Emarat network, from our service stations, terminals and to your doorstep, everything we do is driven by customer happiness. We always provide service with a smile.

Responsibilities

The Senior Manager Governance & Risk is responsible for developing and implementing a robust Enterprise Risk Management program to identify, assess, and mitigate risks. This includes conducting risk assessments, reporting to senior management, and ensuring compliance with regulatory requirements.