Lead, Risk & Assurance

Lead / Risk & Assurance

(Third Party Contractor)

Jakarta, Indonesia

Role Purpose:

The Risk and Assurance Lead serve as the principal strategic advisor to the Vice President of Business & Strategy and the IBU Leadership Team on all matters relating to Enterprise Risk Management (ERM), internal assurance, and external audit coordination. This role is responsible for designing, embedding, and continuously strengthening the IBU's risk governance architecture to ensure informed decision making, regulatory compliance, and operational resilience. Additionally, the role stewards key Business Excellence disciplines—including the Operations Management System (OMS) and related frameworks—to drive continuous improvement across the organization.

Responsibilities include but are not limited to the following:

Enterprise Risk Management (ERM)

• Own and manage the end-to-end ERM process for the IBU, including risk identification, assessment, mitigation planning, monitoring, and periodic reporting to the Leadership Team and corporate headquarters.
• Facilitate quarterly risk reviews and maintain the IBU Corporate Risk Register, ensuring alignment with Mubadala Energy's group-level risk appetite and tolerance thresholds.
• Provide strategic risk advisory to the VP Business & Strategy and Country President on emerging risks, scenario analysis, and risk-informed decision-making for investments, divestments, and major capital projects.
• Coordinate and consolidate risk inputs across all IBU departments (Subsurface, Project Engineering, Supply Chain, HSSE, IT, Finance) to present an integrated risk landscape.
• Drive risk culture maturity across the IBU through awareness sessions, workshops, and embedding risk considerations into business planning and the Investment Lifecycle (ILC) stage-gate process.




Internal Assurance

• Design and execute the annual IBU Internal Assurance Plan, covering operational, financial, and compliance assurance activities across all functions.
• Conduct and coordinate internal assurance reviews, self-assessments, and gap analyses to evaluate adherence to corporate policies, standards, and regulatory requirements.
• Track and drive closure of assurance findings and recommendations, maintaining a central action tracker with clear ownership and timelines.
• Report assurance outcomes and trends to the VP Business & Strategy and Leadership Team, highlighting systemic issues and improvement opportunities.




External Audit Coordination

• Serve as the primary IBU focal point for all external audits, including those conducted by Mubadala Energy corporate, Mubadala Investment Company (MIC), Joint Venture partners, and external regulatory authorities (SKK Migas, MIGAS).
• Plan, coordinate, and manage audit logistics, information requests, interview schedules, and management responses for all external audit engagements.
• Track external audit findings to resolution and ensure timely implementation of corrective actions across responsible departments.
• Maintain a comprehensive audit calendar and ensure IBU readiness for scheduled and ad-hoc audit activities.




Business Excellence

• Support the implementation and continuous improvement of the Operations Management System (OMS), ensuring alignment with corporate standards and industry best practices.
• Coordinate OMS self-assessments, action tracking, and progress reporting to the Leadership Team.
• Contribute to Business Process Improvement (BPI) initiatives and Management of Change processes as they intersect with governance and risk disciplines.
• Support development and maintenance of IBU business process documentation, policies, and governance frameworks in coordination with other Business & Strategy functions.

Qualifications include but are not limited to the following:

Education:

• Minimum bachelor's degree in an engineering discipline.

Experience

• Minimum 10 years of progressive experience in oil and gas, and minimum of 3 years' experience in risk management, assurance, internal audit, or business systems within the upstream oil and gas industry.
• Demonstrated experience in leading or coordinating enterprise risk management processes at a business unit or corporate level.
• Proven track record of managing and coordinating external audits from corporate entities, joint venture partners, or regulatory bodies.
• Experience working in a multi-stakeholder, international upstream E&P environment is highly desirable.

Technical & Management Skills:

• Strong technical knowledge of complex upstream oil and gas facilities, operations, and project lifecycles.
• Deep understanding of Enterprise Risk Management frameworks (e.g., ISO 31000, COSO ERM) and internal audit/assurance standards.
• Familiarity with Operations Management Systems, business process improvement methodologies, and Management of Change frameworks.
• Understanding of Indonesian upstream regulatory environment (SKK Migas, MIGAS, PTK/PTKH requirements).
• Ability to work collaboratively across business units and build stakeholder trust.
• Strong problem-solving skills in complex or ambiguous environments.
• High commitment to governance, ethics, integrity, and HSE excellence.

If you are interested in joining our team, click "Apply for Position" on this webpage.

DISCLAIMER:

Please be aware that Mubadala Energy will never request payment during the hiring process. Legitimate job openings can be found on our official website or through our job portal at https://www.careers-page.com/mubadalaenergy

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