Risk & Compliance Officer at Midwestern Oil & Gas Company Limited

Reporting Line: Reports to the Head Internal Audit

Principal Responsibilities

• Drive development and implementation of the COSO ERM framework for identifying, assessing, monitoring and managing risks across all aspects of the Company’s operations
• Drive compliance with policies, procedures, regulations and statutory requirements that impact on the Company’s operations

Risk Management:

• Drive the establishment of the COSO ERM framework, policies and procedures to facilitate execution of the department’s mandate
• Implement the Annual Risk Management Plan
• Continuously review/assess the business and operational risks in order to proactively establish mitigating controls and monitoring mechanisms
• Champion the articulation and implementation of valid risk mitigation plans to effectively manage business and operational risks
• Maintain regular updates on trends and advances in global ad industry risk management and ensure the knowledge and relevant information is communicated to business managers within and outside the department
• Work with key stakeholders to ensure that risks associated with their activities are identified and mitigated with respect to exposure for the business
• Participate in process improvement/redesign and system upgrade/implementation efforts to ensure relevant requirements are considered and built into new systems and processes
• Ensure prompt reporting of risk positions and provide recommendations on possible resolution of critical issues
• Interpret and analyse reports/data/information to identify possible risk exposure

Compliance:

• Drive organisational and employee compliance with regulations and statutory requirements
• Prepare and communicate policies and procedures that relate to compliance activities, including development of a Compliance Policy
• Implement the Annual Compliance Plan
• Undertake periodic compliance reviews and reporting
• Investigate compliance breaches and identify remedial actions
• Maintain documentation of compliance activities

Work Experience/ Qualification

• Possess 7 to 10 years progressive experience in Internal Audit, risk management and compliance roles
• Minimum of a University Degree - Second Class Honours division
• Experience in an Audit and Accounting firm
• Experience in the upstream oil and gas industry 

Professional Qualification:

• Possession of a minimum of one of the under-listed professional qualifications (E)
• Certified Information Systems Auditor (CISA)
• Certified Internal Auditor (CIA)
• Certified Fraud Examiner (CFE)
• Associate Chartered Accountant (ACA)
• Association of Chartered Certified Accountants (ACCA)
• Association of Enterprise Risk Management Professionals (AERMP)