Risk Management & Internal Control Division Head - Treasury

Manage YASREF’s risk management programs by planning ,  developing, implementing, directing, consolidating,
driving and reporting all risks management activities to minimize risk and liabilities in ensuring achievement of
YASREF's organizational vision and business strategies. Develop and monitor Enterprise Risk Management
(ERM), and Insurance policies and procedures in accordance with strategies and operational priorities. Provide
support and performs business risk analysis, interprets data and generates reports that will support the decision
making of the management. Ensure Internal Control are following applicable laws and regulations. Lead and
control Internal controls systems, policies & compliance to ensure good governance. Ensure internal control &
Policy is maintained in accordance with strategies and operational priorities.

1. Lead the ERM Function of Yasref. Design and implement an overall financial risk management process for YASREF that includes credit, market, operational and regulatory risks.

2. Maintain an effective internal control framework and report its efficiency and effectiveness to management. Ensure relevant policies and procedures are in place in accordance with the requirement. Reduce and mitigate the risk of errors, frauds and losses.

3. Obtain management assurances on the adequacy of internal controls and compliance with YASREF internal control principle and report to Board of Directors.

4. Monitor the set internal controls to ensure their efficiency and effectiveness. Ensure internal controls are established based on a risk-oriented approach to ensure focus on high-risk areas. Improve the internal control efficiency and work with the Control owners to remediate the identified control weaknesses.

5. Lead the Insurance Function of Yasref. Lead risk analysis and identify potential impact for the organization. Develop risk management and business continuity plans to limit and/or mitigate impact of identified risks.

6. Coordinate the office for ‘Risk Management Committee’ of Yasref. Assist the Committee in setting risk strategies, policies and frameworks. Coordinate with departments and subject matter expert to formulate effective risk mitigation measures. Review the risk capacity of the company and ensure regulatory compliance.

7. Develop risk reports for YASREF Management and Shareholders. Recommend and establish the acceptable levels of risk for YASREF based on Management inputs. Advice Management on changes to risk profile due to regulatory changes.

8. Prepare risk management and insurance budgets. Liaise with underwriters and insurance companies to implement risk management plans.

9. Ensure responsibility and administration of ERM and Insurance framework and facilitate continual improvement. Assist in reviewing of new major contracts or financial transactions from insurance risk
management perspective.

10. Review the Risk Registers from all Functions, Department and Divisions (including any special projects) to consider Ensure responsibility and administration of ERM and Insurance framework and facilitate continual improvement.

11. Review the critical and corporate risks that have been elevated through Functions, Department and Divisions including any special projects. Ensure to maintain risk registers and assess how they have been identified, evaluated and managed. Develop appropriate critical success factors and performance indicators for the risk
management strategy.

12. Lead settlement of Insurance Claim with the Insurance broker and insurance company including negotiating the best terms at best prices with Insurance brokers and companies.

13. Review Assets Valuation Survey / report conducted by International Valuation Firm. Facilitate Risk Survey conducted by International Firm for improvement of the site risk profile.

14. Prepare insurance manual with comprehensive and step-by-step guide covering all areas, policies and claim procedure. Assist in reviewing of new major contracts or financial transactions from risk management perspective.

15. Liaise and coordinate with YASREF’s Departments/Insurance Broker/Insurance Companies on risk recommendations, underwriter report, coverage and other insurance matters.

16. Ensure insurance activities, premium and renewal decisions are met within defined timeframe.

17. Perform other job-related duties as assigned by the direct Supervisor.

Bachelor’s degree in management, Project Management, Accounting, Finance, or equivalent.