Enterprise Risk Management Specialist

About the Role

Saudi Aramco is seeking an Enterprise Risk Management Specialist to join the Decision Support & Risk Management Department (DS&RMD). This full-time role involves contributing to the company's global Enterprise Risk Management (ERM) framework, ensuring consistent risk identification, assessment, monitoring, and reporting across all corporate entities, subsidiaries, and joint ventures.

Departmental Context

The Decision Support & Risk Management Department (DS&RMD) operates within the Strategy & Market Analysis (S&MA) organization. It functions as a central advisory unit for Company management, providing integrated decision support in areas such as energy markets, oil pricing, macroeconomic analysis, economic evaluations, international energy policies, and risk management. DS&RMD also plays a key role in enabling a corporate-wide ERM framework, supporting Corporate Management and business organizations in developing, implementing, and enhancing risk management practices to strengthen strategic decision-making and organizational resilience.

Key Responsibilities

• Align risk management practices with the company’s Operational Excellence framework and strategic objectives.
• Commission periodic independent reviews of the ERM program and present findings to senior leadership.
• Provide regular updates and briefings to the President & CEO, Group Executive Committee, and Board-level risk committees on key and emerging risks.
• Maintain oversight of the company’s Top Corporate Risks (TCRs), including reporting, validation, and mitigation tracking.
• Ensure timely and accurate updates of Key Risk Indicators (KRIs) for corporate-level reporting.
• Lead the annual Corporate Risk Assessment process across all business lines and affiliates.
• Guide global organizations in identifying, assessing, and reporting risks in alignment with standardized templates and practices.
• Review risk registers and ensure proper ownership, accountability, and action plans for identified risks.
• Develop and maintain tools, templates, and guidance for decision risk assessments.
• Review submissions to Executive and Investment Committees for adequacy of risk assessment.
• Provide consultative support to proponents on integrating risk insights into strategic proposals.
• Implement and manage a unified ERM approach for subsidiaries.
• Conduct periodic risk program assessments for alignment and adequacy.
• Provide training and support to affiliate teams in identifying and managing risks.

Qualifications and Experience

• A minimum of 10 years of experience in Enterprise Risk Management (ERM) is required.
• Familiarity with leading governance, risk, and control practices.
• Experience in Enterprise Risk Management, Project Risk Management, IT Risk Management, Loss Prevention, Internal Audit, HAZOP, or other risk management processes is preferred.

Required Skills

• Excellent analytical abilities.
• Strong communication skills.
• Demonstrated strategic thinking capabilities.
• Ability to work with minimum supervision on relatively unstructured tasks.