Risk & Compliance Officer

Midwestern Oil & Gas Company Limited

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Midwestern is a Nigerian company involved in Exploration and Production of Oil and Gas. The company operates a joint venture with Sun Trust Oil Co. Limited in its Marginal Field in the Southern region of the country. Midwestern prides itself in hiring highly trained and motivated personnel who are driven to achieving its various aims and objectives, particularly the need for the organization to attain steady growth while operating in an environmentally safe community. 

 

Location: Nigeria

Reporting Line: Reports to the Head Internal Audit

 

Principal Responsibilities:

  • Drive development and implementation of the COSO ERM framework for identifying, assessing, monitoring and managing risks across all aspects of the Company’s operations
  • Drive compliance with policies, procedures, regulations and statutory requirements that impact on the Company’s operations
  • Risk Management:
  • Drive the establishment of the COSO ERM framework, policies and procedures to facilitate execution of the department’s mandate
  • Implement the Annual Risk Management Plan
  • Continuously review/assess the business and operational risks in order to proactively establish mitigating controls and monitoring mechanisms
  • Champion the articulation and implementation of valid risk mitigation plans to effectively manage business and operational risks
  • Maintain regular updates on trends and advances in global ad industry risk management and ensure the knowledge and relevant information is communicated to business managers within and outside the department
  • Work with key stakeholders to ensure that risks associated with their activities are identified and mitigated with respect to exposure for the business
  • Participate in process improvement/redesign and system upgrade/implementation efforts to ensure relevant requirements are considered and built into new systems and processes
  • Ensure prompt reporting of risk positions and provide recommendations on possible resolution of critical issues
  • Interpret and analyse reports/data/information to identify possible risk exposure
  • Compliance:
  • Drive organisational and employee compliance with regulations and statutory requirements
  • Prepare and communicate policies and procedures that relate to compliance activities, including development of a Compliance Policy
  • Implement the Annual Compliance Plan
  • Undertake periodic compliance reviews and reporting
  • Investigate compliance breaches and identify remedial actions
  • Maintain documentation of compliance activities

 

Work Experience/ Qualification

  • Possess 7 to 10 years progressive experience in Internal Audit, risk management, and compliance roles
  • Minimum of a University Degree - Second Class Honours division
  • Experience in an Audit and Accounting firm
  • Experience in the upstream oil and gas industry 
  • Professional Qualification:
  • Possession of a minimum of one of the under-listed professional qualifications (E)
  • Certified Information Systems Auditor (CISA)
  • Certified Internal Auditor (CIA)
  • Certified Fraud Examiner (CFE)
  • Associate Chartered Accountant (ACA)
  • Association of Chartered Certified Accountants (ACCA)
  • Association of Enterprise Risk Management Professionals (AERMP)

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Summary

Company

Midwestern Oil & Gas Company Limited

Job Level

Experienced (Non-Manager)

Location

Lagos

Specialization

Banking / Finance / Insurance

Job Type

Full-Time

Minimum Qualification

Degree

Preferred Years of Experience

7 - 10 years