| Job Location | Yanbu, Saudi Arabia |
| Education | Bachelor's degree / higher diploma |
| Salary | Not Mentioned |
| Industry | Oil & Gas |
| Functional Area | Not Mentioned |
1. Design and implement an overall financial risk management process for YASREF that includescredit, market, operational and regulatory risks2. Lead analysis into risks to identify potential impact for YASREF3. Develop risk management and business continuity plans to limit and/or mitigate impact of identifiedrisks4. Develop risk reports for YASREF Management and Shareholders5. Liaise with underwriters and insurance companies to implement risk management plans6. Recommend and establish the acceptable levels of risk for YASREF based on Managementinputs.7. Prepare risk management and insurance budgets8. Assist in reviewing of new major contracts or financial transactions from risk managementperspective9. Advice Management on changes to risk profile due to regulatory changes10. ERM & BCM: Develop and monitor Enterprise Risk Management (ERM), Business ContinuityManagement (BCM) and Insurance policies and procedures.11. ERM &BCM: Retain responsibility for administration of ERM, BCM and Insurance framework andfacilitate continual improvement.12. ERM& BCM: Develop appropriate critical success factors and performance indicators for the riskmanagement strategy.13. ERM: Review and manage the risk profile. Challenge the adequacy and effectiveness of controls.14. ERM: Review the Risk Registers from all Functions, Department and Divisions (including anyspecial projects) to consider: Critical risks and how they are managed, Effectiveness of internalcontrols and other mitigation actions taken.15. ERM: Review the critical and corporate risks that have been elevated through Functions,Department and Divisions risk registers and assess how they have been identified, evaluated andmanaged. Identify possible areas of risk aggregation and correlation from the corporate riskregister and individual risk registers. Review the impact of changes in the business on the overallrisk management process and incorporate response to these in the Corporate Risk Register.Monitor progress on action plans developed as part of the risk management process.16. Liaise with underwriters and insurance companies to implement risk management plans.17. Prepare insurance manual with comprehensive and step-by-step guide covering all areas, policiesand claim procedure.18. Liaise and coordinate with YASREF?s Departments/Insurance Broker/Insurance Companies onrisk recommendations, underwriter report, coverage and other insurance matters.19. Ensure insurance activities, premium and renewal decisions are met within defined timeframe.20. Develop periodic asset valuation reports and derive a present value/fair market value.21. Assist in reviewing of new major contracts or financial transactions from risk managementperspective.22. Perform other job-related duties as assigned by the Treasurer.
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