Fresh Jobs at Oando Plc

Oando Plc is one of Africa’s largest integrated energy solutions provider with a proud heritage. It has a primary listing on the Nigeria Stock Exchange and a secondary listing on the Johannesburg Stock Exchange. With shared values of Teamwork, Respect, Integrity, Passion and Professionalism (TRIPP).

1). Enterprise Risk Management & Control Manager – Operations and Project Risk

Location: Port Harcourt, Rivers

Job Type: Full-time

Reports to: Division Manager, Enterprise Risk Management and Control
External Interfaces: JV FINCOM and TECOM Representatives, JV Personnel on risks affecting JV, JV Finance personnel – JV Audits, External Auditors

Job Purpose
The Enterprise Risk Management and Control (ERM&C) Manager – Operations and Project Risk reports directly to the Division Manager, Enterprise Risk Management and Control. This role supports the ERM function to achieve the following:

• Assess and evaluate the organization’s technical, operational and project specific risks
• Work with management to develop appropriate risk mitigation plans to address operations technical and project risks in a manner that is consistent with the long-term strategy and overall risk appetite of the organization
• Evaluate project/opportunity financial models and key matrices for medium to long term profitability and operational viability.
• Monitor and analyze project cost and schedule risks, operational, technical risks, health, safety & environment risks and report key risks and status of risk monitoring activities timely to the DM
• Act as risk liaison with the JV cost controller (planning and compliance) before and during SUBCOM and FINCOMreview meetings, report on any cost
• Key participant in the JV SUBCOM, FINCOM, TECOM and budget alignment meetings from a risk management perspective
• Ensure the organization’s risks are within required tolerable levels and that there is the best balance possible between threats and opportunities – in line with the risk appetite and overall strategic direction of the Board and Executive Management.

The Incumbent monitors the achievement of corporate goals including avoidance of losses because of unwanted risk events. He/ She has the responsibility for:

• Executing and administering the organization –wide Enterprise Risk Management and Control Framework
• Ensuring implementation of the Oando Opportunity Realization Process (OORP) on all projects and business opportunities
• Ensuring laid down procedures and processes guiding all operations are adequate and up to date
• Ensuring controls have been implemented and mitigate identified and assessed risks
• Plan, monitor and supervise the activities of his/her team members.

Major Responsibility Area
Enterprise Risk Management:

• Support the Head / Divisional Manager RM&C in assessing and evaluating the organisation’s technical, operational and project specific risks
• Perform in-depth evaluation of project/opportunity financial models and key matrices for medium to long term profitability and operational viability and report conclusions to the Head/DM RM&C.
• Act as risk liaison with the JV cost controller (planning and compliance) before and during Subcom and Fincom review meetings, report on any cost
• Participate in all SUBCOM/FINCOM, Tecom meetings and JV budget alignment meetings from a risk management perspective and report on findings with recommendations for mitigating same
• Develop Enterprise Risk Management tools, practices, and reporting templates to analyze and report on operational/project and technical risks I line with Head ERM&C directives to manage risks within the organization.
• Establish and ensure the organization’s risk management policies and strategies are in compliance with applicable regulations and overall strategic direction of the organization.
• Develop annually, the operational/technical and project risk management plan for Head Enterprise Risk Management and Control’s review as input into the overall RM plan enumerating the key tasks and activities of the unit
• Coordinate operational/technical risk identification, risk assessments, evaluations and all other risk management activities
• Prepare and review management and Board committee reporting inputs summarizing operational/technical and project risk analyses and significant reporting matters
• Performs monthly updates and reviews of all operational, technical and project risk registers for accuracy and completeness
• Evaluate and provide reasonable assurance to the Head/DM Enterprise Risk Management and Controls that risk management and control systems are functioning as intended and will enable the organization met its corporate objectives and goals.
• Track and report on emerging risks, events, key risk indicators (enterprise wide and project specific), ensure mitigation plans are in place, evaluate effectiveness of mitigation plans and ensure continuous monitoring and adjustment of policies, processes and procedures where necessary
• Communicate information regarding business risks to relevant functions across the organization as well as be a key resource for the business units and shared services to identify and monitor emerging risks, risk mitigation plans and changing risk landscape
• Keep abreast of current and new regional, national and global risk related policies and governance pronouncements and regulations that apply to the organization and ensure local compliance
• Liaise with department heads on the adequacy of proposed actions in management of risk areas highlighted in risk and internal audit reports
• Monitor implementation of action plans to ensure risk mitigation efforts are proceeding as required.
• Monitor and report on compliance with regulatory requirements

Internal Control:

• Coordinate documentation of operational and technical processes, review register of these processes, tracking all process changes and re- engineering of existing processes where and when required.
• Focus on continual process improvement, and rationalization of control measures to enhance effectiveness and efficiency of operations and realization of cost saving opportunities
• Ensure design effectiveness and operating effectiveness of controls within all documented business processes
• Manage the group and other subsidiaries to ensure all procedures and controls inherent in the business are documented and adhered to, ensure standardization across the group.
• Work with Group and other subsidiary companies to assess internal control, perform effectiveness test over processes with significant control deficiencies. Recommend solutions to issues arising from control review and ensure execution of remediation plans.
• Review and report on remediation status of control deficiencies identified by the annual external audit and assist process owners in remediating and redesigning controls if necessary. Prepare bi -annual board reports on same.
• Member of the change management committee that manages and monitors all IT changes for propriety and accuracy
• Review segregation of duties (SOD) at both the user and role level. Ensure mitigating controls are in place where there are SOD conflicts
• Ensure the operating effectiveness of business continuity and crisis management plans in place to minimize losses in the event of severe business disruptions.

Job Specification

• A University Degree
• Good knowledge of risk management – operational/technical, internal control processes, auditing and assurance procedures
• Certification in Accounting (ACCA, ICAN)
• Combined 12 years’ post qualification experience in audit and risk management, which should entail – experience in accounting and Financial Reporting (IFRS) & understanding and experience in upstream operational controls, business opportunity evaluations, project management and financial reporting controls
• Good grasp of joint venture oil and gas operations and technical risks, business risks and controls and a deep understanding of how risks impact the bottom line, enhancing credibility within the business
• Good communication (verbal and written), listening, presentation and facilitation skills.
• Good knowledge and understanding of oil and gas, renewables and mining industry dynamics.
• Good and functional knowledge of financial reporting standards
• Good project evaluation, assessment and probing skills
• Good report writing skills with effective and precise communication to Board level and executive management cadres
• Strong analytical skills – performs useful analysis and interprets such for decision making
• Strong problem identification and problem-solving skills
• Strong personality, multitasker with good organization skills to effectively manage and meet deadlines
• Good interpersonal and relationship-management skills
• Ethical character
• Self-starter with ability to work independently and in teams
• Understands team dynamics and able to foster teamwork
• Effectively coaches and mentors less experienced colleagues
• Good knowledge of the regulatory environment and developments
• Ability to perform risk assessments and identify key business and financial risks
• Experience in conducting financial audits of public and/or private companies
• Good project management skills
• Proficiency in presentation, spreadsheet and word systems

Key Performance Indicators:

• Percentage completion of scheduled risk activities.
• Quality and completeness of risk registers (enterprise and project related)
• Quality and timeliness of risk reports and updates
• Compliance with COSO standards
• Quality of documentation and work papers
• Timely remediation of external audit issues

Application Closing Date
Not Specified.

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