Job closed
Ref: SP967-25
Job description / Role
JOB OBJECTIVE
Risk and Compliance Section Head is assigned with a task to meet the following organizational objectives:
• Identify key compliance areas under EDPSC, JOA, Iraqi Rules and Regulations and any other Adhoc
requirements / instructions issued by the Ministry of Oil to regulate Petroleum Operations.
• Establish and monitor Risk Management Framework for B9 Contract Area and ensure that Risk Register
is maintained and updated on regular basis; and
• Work with other Sections in Audit Departments and other functions to monitor various risk and
compliance activities to ensure that Cost Recovery Risk is reduced to a minimum level.
Reports to: Audit Manager
Number of staff supervised: Risk & Compliance Specialists x 2
KEY ACCOUNTABILITIES
• Assist Audit Manager to establish Risk Management & Compliance Framework for Block 9 Contract Area;
• Coordinate with Legal Department & Internal Audit Section to ensure that Compliance Register / Checklist is prepared and updated on regular basis;
• Establish a List of Compliance Deadlines and ensure that relevant department / staff is assigned to meet such deadlines. Section Head shall be responsible to keep record of such compliance activities and report
to Audit Manager on monthly basis.
• Review Contracts and Procurement document ensuring full compliance with approved Policies and Procedures and respond to queries raised by the stakeholders;
• Periodically review and assess the efficiency of Risk & Compliance Framework and explore other important areas requiring immediate management action;
• Prepare Annual Risk & Compliance Audit plan and ensure its effective implementation;
• Prepare various reports, organize training sessions, attend meetings, etc. and investigate / coordinate on various queries, action plans, gaps identified during review of compliance activities;
• Any additional duties assigned by Audit Manager from time to time
Requirements
Minimum Qualifications:
• Degree in Accounting, Finance, or Business Administration or other similar discipline
• Preferably Certified Internal Auditor from any recognized professional body
• Proficient user of Microsoft Office products
• Good communication skills (verbal and written)
Minimum Experience:
• 8-10 years’ experience in Risk & Compliance Management with at least 5-year experience preferably in Oil & Gas Sector and
Job-Specific Skills:
• Strong knowledge of Oil & Gas value chain and project operations (i.e. Drilling, EPCC and other related contracts)
• Strong knowledge of Petroleum Contracts (i.e. PSAs, DPSC, TSC etc.)
• Strong planning, Analytical skills and attention to detail
• Excellent knowledge of Internal Control & Compliance Activities
• Ability to work both collaboratively and individually
• Ability to constructively argue with various stakeholders to convince them on required action plans
About the Company
United Energy Pakistan (UEP) is Pakistan’s leading foreign exploration and production company. UEP is a subsidiary of the United Energy Group (UEG), an international energy company. UEG is listed on the Hong Kong Stock Exchange and has operations in Pakistan, Iraq and Egypt.
UEP’s history dates back more than four decades, and the business has witnessed a change in ownership a number of times from UTP to ARCO and subsequently BP. In 2011, UEG acquired control of this asset from BP, ushering in a new era of growth for the company. Backed by UEG’s technical and financial support, UEP has emerged as the leading foreign producer and investor in Pakistan’s upstream oil and gas sector.
UEP’s parent company has also invested in the renewable energy sector. UEPW owns and operates a 99 MW wind energy project in the Jhimpir wind corridor of the Sindh province.