Enterprise Risk Management Specialist - Relocation to Saudi Arabia, Permanent Expat Relocation Package

Job 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.

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

• Hold a 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.
• Willing and able to relocate to Saudi Arabia.