Title: Enterprise Risk Management Specialist
Aramco energizes the world economy.
Aramco occupies a special position in the global energy industry. We are one of the world’s largest producers of hydrocarbon energy and chemicals, with among the lowest Upstream carbon intensities of any major producer.
With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.
Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.
We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.
Overview
We are seeking an Enterprise Risk Management Specialist to join our Decision Support & Risk Management Department, within the Strategy & Market Analysis Organization.
The Decision Support & Risk Management Department is responsible for the development, implementation, and oversight of the company’s global ERM framework. To ensure consistent and proactive identification, assessment, monitoring, and reporting of risks across the enterprise, including corporate entities, subsidiaries, and joint ventures.
Your primary role will be to act as a senior advisor to the company and executive leadership and drives a risk-aware culture that supports informed decision-making and long-term value creation
Key Responsibilities
As a successful candidate you will be required to perform the following:
- Define, implement, and continuously improve the company-wide ERM Framework, policies, and methodologies.
- 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.
- Foster a risk-aware culture through ongoing education, communication, and engagement across all levels of the organization.
- Serve as the central point of coordination for risk-related inquiries and initiatives globally
Minimum Requirements
As a successful candidate you will have:
- Bachelor’s degree in Engineering, Economics, Business Administration, Financial Management or closely related discipline; advanced degree is highly desirable.
- Minimum 10 years relevant and progressive experience, with a substantial portion gained in governance, risk and compliance areas.
- Deep understanding and experienced in ERM, 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 desirable.
- Completed or working towards following certifications would be desirable: Certification from the Institute of Risk Management (IRM) / Certification from Professional Risk Managers International Association / Certification from the Institute of Internal Auditors (IIA)
Working environment
Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.
At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.
We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.