Workers in Lebanon

Risk and Compliance Section Head

  • Location:

    Basrah

  • Sector:

    Oil & Gas

  • Contact:

    Omid Miri

  • Job ref:

    3269

  • Published:

    21 days ago

  • Expiry date:

    2023-02-17

mselect is looking to hire a Risk and Compliance Section Head for an international oil and gas operator in Basrah. Candidates must have a minimum of 8-10 years of experience in risk and compliance management with at least 5-year experience preferably in the oil and gas industry. Fluency in English is a must.

Job Objective
Risk and Compliance Section Head is assigned with a task to meet the following organizational objectives:
  • Identify key compliance areas under EDPSC, JOA, Iraqi Rules and Regulations and any other Adhoc requirements/ instructions issued by the Ministry of Oil to regulate Petroleum Operations
  • Establish and monitor Risk Management Framework for Contract Area and ensure that Risk Register is maintained and updated on regular basis; and work with other Sections in Audit Departments and other functions to monitor various risk and compliance activities to ensure that Cost Recovery Risk is reduced to a minimum level

KEY RESPONSIBILITIES
  • Assist Audit Manager to establish Risk Management & Compliance Framework for Contract Area
  • Coordinate with Legal Department & Internal Audit Section to ensure that Compliance Register/ Checklist is prepared and updated on regular basis
  • Establish a List of Compliance Deadlines and ensure that relevant department / staff is assigned to meet such deadlines. Section Head shall be responsible to keep record of such compliance activities and report to Audit Manager on monthly basis
  • Review Contracts and Procurement document ensuring full compliance with approved Policies and Procedures and respond to queries raised by the stakeholders
  • Periodically review and assess the efficiency of Risk & Compliance Framework and explore other important areas requiring immediate management action
  • Prepare Annual Risk & Compliance Audit plan and ensure its effective implementation
  • Prepare various reports, organize training sessions, attend meetings, etc. and investigate/ coordinate on various queries, action plans, gaps identified during review of compliance activities
  • Any additional duties assigned by Audit Manager from time to time
Key Deliverables:
  • Compliance checklists
  • Risk Register
  • Risk Management Framework regular updates and gap analysis
  • Periodic Reports on various activities performed during the year
Quality Assurance:
  • Ensure that all information prepared for stakeholder reflect true and fair information. Focus of the job must on desired outcomes through effective implementation
  • Ensure that a single and a complete/ reliable database is maintained in the Shared Folder which is accessible to Audit Team Members and proper guidelines are available for staff to update periodically
People Management:
  • Manage the activities and work performed by direct reports to ensure that all activities are progressing smoothly in accordance with the established framework/ objective
  • Recommend training and development interventions for team members to build their capabilities
  • Take initiatives to various team building activities and encourage problem solving through knowledge dissemination/ sharing, training on complex issues and lead by example to maximize their performance
Policies, Systems, Processes and Procedures:
  • Develop and contribute to the development and implementation of Risk & Compliance Audit policies, procedures and related templates
  • Ensure compliance with project requirements on adherence to policies, procedures and instructions related to all relevant regulatory directives to promote a safe and a risk-free environment
  • Introduce continuous improvements to the existing Systems and Processes to achieve the best outcomes for Risk & Compliance activities
Health, Security, Safety and Environment:
  • Ensure compliance with all relevant health, security, safety and environmental management policies, procedures and controls within own area, monitoring, reviewing and evaluating on a continuous basis, to guarantee employee safety, legislative compliance, delivery of high-quality service and a responsible environmental attitude
Reporting:
  • Contribute and ensure timely and accurate reporting within and outside organization

COMMUNICATIONS & WORKING RELATIONSHIPS

Internal:
  • All departments - Frequent contacts with other functions to share information related to various audits
  • Internal Audit Committee
External:
  • BOC in general and BOC Audit Team on specific issues
  • Other Government Authorities I.e. MoO / PCLD
  • Funding Partners

KEY QUALIFICATIONS
  • Degree in Accounting, Finance, or Business Administration or other similar discipline
  • Preferably Certified Internal Auditor from any recognized professional body
  • Proficient user of Microsoft Office products
  • Good communication skills (verbal and written)
Minimum Experience:
  • 8-10 years’ experience in Risk & Compliance Management with at least 5-year experience preferably in Oil & Gas Sector
Skills:
  • Strong knowledge of oil & Gas value chain and project operations (i.e. Drilling, EPCC and other related contracts)
  • Strong knowledge of Petroleum Contracts (i.e. PSAs, DPSC, TSC)
  • Strong planning, Analytical skills and attention to detail
  • Excellent knowledge of Internal Control & Compliance Activities
  • Ability to work both collaboratively and individually
  • Ability to constructively argue with various stakeholders to convince them on required action plans

*Only applicants meeting the strict criteria outlined above will be contacted as part of the shortlisting process.