ERM Sr Specialist

1 week ago


Abu Dhabi, Abu Dhabi, United Arab Emirates EWEC Full time

EWEC Abu Dhabi Emirate, United Arab Emirates

About EWEC: Emirates Water and Electricity Company (EWEC) is the sole procurer of water and power within the Emirate of Abu Dhabi and beyond, with the mandate to ensure the supply of water and power to consumers. EWEC is part of ADQ, one of the region's largest holding companies with a diverse portfolio of major enterprises spanning key sectors of Abu Dhabi's non-oil economy.

We are currently looking to hire a UAEN to join our team at EWEC, as a ERM Sr Specialist (Risk Framework).

If you have experience matching the criteria below, we would like to hear from you.

Responsibilities

Business Risk Quantification

  1. Monitor usage of EWEC's ERM processes across the organisation, including but not limited to relevant risk quantification methodologies, tools and templates.
  2. Research and apply new ways to quantify and analyse EWEC's risks in line with the ERM policy and framework while reviewing and evaluating risk quantification approaches of similar international utilities and system operator organisations.
  3. Provide risk management support within key projects by providing guidance on risk quantification and the application of risk simulation software/modelling (including Monte Carlo Simulation).
  4. Analyse potential new investment decisions and stress test financial models considering multiple risks/assumptions and offering probabilistic insight on potential investment ROI/LCOE and contribute in drafting investment recommendations based on risk sensitivity analysis.

Financial Analysis and Planning

  1. Review and challenge business planning and budgets proposed by EWEC, in consideration of the EWEC risk landscape and any necessary contingency reserves, and provide a probabilistic analysis on EBITDA/Unit costs to make a meaningful recommendation from a risk perspective.
  2. Perform a risk mapping and quantification exercise to map risks from the risk registers to the profit and loss account and balance sheet.
Requirements:
  1. Bachelor's degree in Mathematics, Statistics, Engineering, Risk Management or related field.
  2. Risk Management related qualification preferred [CFA/FRM/ERM Charter holder].
  3. Minimum of 6 years of extensive experience in risk management specifically in risk quantification and reporting.
  4. Experience in the energy and utility sector.
Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance and Other

Industries

Electric Power Transmission, Control, and Distribution and Oil and Gas

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