Senior Vice President, Enterprise Risk Management

Company Name: Mubadala Development Company Employment Type: Full Time Monthly Salary: Unspecified Minimum Work Experience: 10-15 Years Minimum Education Level: Bachelors Degree Listed By: Employer Career Level: Senior Description: Company Overview Mubadala is an investment and development company supporting the diversification of the Abu Dhabi economy through active global operations and capital deployment in multiple sectors. Wholly owned by the Government of Abu Dhabi, Mubadala was created in 2002 to generate sustainable financial returns for its shareholder and deliver socioeconomic benefits to the emirate. It has a portfolio valued at AED 246.4 billion (US 67.1 billion), and assets in more than 20 countries. The company works in partnership with world-class organizations to build integrated global businesses and establish investment platforms, strengthening Abu Dhabi's competitive position in sectors such as aerospace, semiconductors, metals & mining, oil & gas, renewables, information & communications technology, healthcare, real estate & infrastructure, utilities, and defense services. The Challenge As Mubadala moves to the next phase of maturity our focus is to realize the value of our assets and expand our investment footprint globally. To ensure we do this effectively we will develop a Risk Management Culture that will operate across the investment and asset management cycles. The Senior Vice President - Enterprise Risk Management will support the development and manage the implementation of the enterprise risk management strategy, framework, and processes to provide a comprehensive assessment of the company-wide operational, strategic, and financial risks, and ensure that the platforms and corporate functions implement appropriate mitigation and risk management measures to protect Mubadala Group against major adverse events, and support in achieving its objectives. Key Responsibilities Strategy and Performance Management Contribute to the development and execution of the Enterprise Risk Management long-term strategic plan in alignment with the corporate strategy Contribute to the develop of annual ERM business plans for the Enterprise Risk Management function to ensure the achievement of the function's financial and strategic objectives. Support the continuous monitoring and reporting on the performance of the Enterprise Risk Management function in order to track performance. Leadership Contribute to the Enterprise Risk Management function's performance by managing performance of direct and indirect reports, defining workforce requirements, recruiting, training and developing talent, in conjunction with the Human Capital function, to ensure competent, qualified and highly motivated staff enable the achievement of the function's objectives. Participate in the review of employee engagement results and the development and implementation of agreed action plans to establish a motivated and engaged workforce. Demonstrate the proficiency level expected of a Senior Vice President with regard to the four core leadership competencies. Budget Planning Provide input into the preparation of the Enterprise Risk Management function's budget in alignment to the respective annual business plan. Enterprise Risk Management (ERM) Strategy Provide input into the development of a risk management strategy and framework that will enable the integration of risk management into the business management rhythm ensuring transparency and effective decision-making. Support the development and implementation of a clear statement of Mubadala Group overall risk appetite that will be reviewed on an ongoing basis. Risk Assessment and Reporting Manage the execution of risk assessment activities, in close collaboration with the platforms and corporate functions, in order to identify, qualify, prioritise and mitigate risks across the business in line with Mubadala Group's overall risk appetite. Collaborate with the Platform Leaders in order to define risk management action plans to mitigate the identified operational, strategic, and financial business risks through the implementation of leading international risk management practices. Ensure the timely preparation of a comprehensive risk dashboard and reporting at the business, platform and asset levels for the Executive Director - Enterprise Risk Management and the Audit, Risk and Compliance Committee. Contribute to the assessment of existing and new partnerships and joint ventures, provide recommendations, and sign-off endorsement from a risk perspective. Strategic Advice Act as an experienced subject matter expert on enterprise risk management related matters to the Board, Investment Committee, Audit, Risk and Compliance Committee, business platforms and corporate functions as necessary Contribute to the establishment and continuous development of a risk management culture within Mubadala Group Provide input into the strategic advice given to the Investment Committee in order to assess deal pipeline and individual risk impact to overall enterprise risk profile. Policies, System, Processes and Procedures Support the development and implementation of functional policies, systems, processes and procedures, and continuously identify and recommend improvements to ensure compliance with Mubadala's standards and regulatory requirements, align to business requirements, and increase operational effectiveness. Qualifications : Knowledge, skills and experience Bachelor degree in Business Administration, Finance, Engineering or equivalent relevant degree. Preferably, a recognized certification in at least one Enterprise Risk Management related professional standard Minimum of 12 years of relevant experience in developing and implementing ERM strategy and models working in various industries. At least 3 years in a management position. Strong knowledge of Risk Management Standards (ISO31000, COSO, Bespoke Corporate). In-depth knowledge of leading practices, concepts and trends in enterprise risk management Strong knowledge and experience of alternate risk assessment techniques that facilitate effective risk management activities across different business platforms Strong knowledge of designing, implementing and maintaining comprehensive risk information management systems to facilitate effective risk reporting at all business levels Strong knowledge of operational, financial, strategic and compliance risk in one or more of Mubadala's key sectors. Strong knowledge of influencing and communication techniques, and ability to report and influence at the Mubadala leadership and senior executive level Skilled manager and trainer to develop the risk management capability of colleagues and the broader business stakeholders