Head, Internal Audit & Risk

• The Head, Internal Audit & Risk is a senior, Board-facing role
  providing independent assurance to the Board Audit Committee.
•  The job holder will be responsible for identifying, assessing, and
  mitigating risks that could adversely affect the company's operations,
  financial performance, reputation, and legal standing.
• The job holder will be responsible for ensuring that the risks faced by
  the organization are mitigated and all activities are conducted in line
  with the Board's risk appetite and in full compliance with regulatory
  requirements.
• The job holder will lead and manage internal audit activities,
  ensuring that the organization operates in accordance with internal
  policies and regulatory requirements. This role involves developing
  audit plans, supervising audit teams, conducting risk assessments,
  and providing strategic insights to improve internal controls and
  governance.
• Corporate Risk Management:
• Conduct thorough risk assessments, identifying potential threats and
  vulnerabilities to the organization’s operations, assets, and
  reputation.
• Analyse internal and external data to recognize emerging risks.
• Develop risk maps and heat charts to prioritize risks based on
  potential impact and likelihood.
• Design and implement risk management strategies that minimize
  exposure to risk, including loss prevention, contingency planning,
  and risk transfer options.
• Recommend and ensure risk mitigation processes are integrated
  into business decisions, processes, and contracts.
• Collaborate with various departments to implement risk controls.
• Monitor risk management practices and regularly update risk mitigation measures as necessary.
• Prepare risk reports for senior management and stakeholders,highlighting potential risk areas and recommending corrective actions.
• Ensure compliance with risk management policies, standards, and regulations.
• Develop and maintain business continuity and disaster recovery plans.
• Conduct simulations and crisis management exercises to ensure readiness in case of emergencies.
• Stay current with risk-related regulations and compliance requirements applicable to the organization’s (and other entities)industries.
• Ensure that the organization is compliant with all legal, regulatory,and contractual obligations.
• Lead risk awareness programs and training sessions for employees at all levels.
• Promote a risk-conscious culture throughout the organization fromthe group company to all entities.
• Work closely with senior leadership, auditors, legal teams, and external stakeholders to align risk management with the organization’s objectives.
• Act as the point of contact for external regulators, auditors, and other external/ third-party risk management entities.

Internal Audit & Control:

• Develop, lead, and execute the Company’s internal audit function,
  providing independent and objective assurance to the Board Audit
  Committee and Management on the effectiveness of governance,
  risk management, and internal control processes across the Group.
• Develop and implement a risk-based annual Internal Audit Plan,
  aligned with the Company’s strategic objectives, risk profile, and
  regulatory requirements, for approval by the Board Audit Committee.
• Lead and execute internal audit reviews across financial,
  operational, compliance, IT, and project-related areas, including
  subsidiaries, joint ventures, and special purpose vehicles, as
  applicable.
•  Assess the adequacy and effectiveness of internal controls, financial
  reporting processes, and operational controls, and recommend
  practical improvements where gaps are identified.
• Prepare clear, concise, and actionable internal audit reports,
  highlighting key findings, root causes, risk implications, and
  management action plans
•  Monitor and follow up on audit findings and agreed remediation
  actions, tracking implementation and reporting progress to
  Management and the Board Audit Committee.
•  Coordinate effectively with external auditors, regulators, and other
  assurance providers, ensuring appropriate reliance, avoidance of
  duplication, and timely resolution of issues.

Other Responsibilities:

• Provide all services related to the job role to client's subsidiary
  companies.
• Perform all other duties that are necessary and reasonably attached
  to the Head, Internal Audit & Risk position and the fulfillment of its
  responsibilities.
• Any other responsibilities as assigned by the Chairman, Board Audit
  Committee.

Qualifications

• Bachelor's degree in Accounting, Risk Management, Economics,
  Finance, Business Administration.
• Masters’ degree in Finance, Risk Management, Economics, or an
  MBA will be an advantage.
•  Professional certifications such as Institute of Risk Management
  (IRM), PMI-PMI, RIMS - Certified Risk Management Professional
  (CRMP), ACAMS: Certified Anti-Money Laundering Specialist,
  Certified Risk Manager (CRM), Certified Internal Auditor (CIA),
  Certified Public Accountant (CPA), or similar.

  Experience

• At least 12-15 years’ experience in a team lead or leadership
  position in risk management, compliance, Internal Audit or a related
  field in an oil & gas exploration & production organization.
• At least 5 years in a senior management position.
• Previous experience in Internal Control.
• Previous experience in an oil and gas organization is mandatory
• Previous experience in any of the big four international audit firms
  will be an advantage.

  Knowledge, Skills & Competencies
  

• Strong expertise in internal audit, enterprise risk management, and
  internal control frameworks, with practical application in oil and gas
  and asset-intensive environments.
•  Sound knowledge of IFRS, financial controls, treasury operations,
  and project-based financial structures, including Joint Ventures and
  Production Sharing Contract (PSC) environments.
•  Proven ability to identify, assess, and articulate risks clearly, and
  translate audit findings into practical, value-adding
  recommendations.