Lead, ERM

Company Description

Masdar is the UAE’s clean energy champion and one of the largest companies of its kind in the world, advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges. Established in 2006, Masdar is today active in over 40 countries, helping them to achieve their clean energy objectives and advance sustainable development.

Masdar is jointly owned by Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala), and Abu Dhabi National Energy Company (TAQA), and under this ownership the company is targeting a renewable energy portfolio capacity of at least 100 gigawatts (GW) by 2030 and an annual green hydrogen production capacity of up to 1 million tonnes by the same year.

Job Description

Purpose for this role:

The ERM Lead is responsible for assisting in driving Masdar’s enterprise-wide risk management strategy, while supporting in the management of ERM activities through quantitative modelling and economic analysis. This role supports the identification, assessment, and mitigation of strategic and operational risks, providing actionable insights to senior management. 

Quantitative Risk Modelling:

• Design and maintain quantitative sensitivity checks on models used to estimate impacts of stress scenarios on business and financial performance.
• Conduct quantitative assessments to predict potential risk exposures and support strategic decision-making. 
• Conduct stress testing on balance sheet variances (incl, but not limited to Opex, Capex and FX etc.) 
• Select, develop, and implement advanced risk assessment sensitivity models and methodologies, including scenario analysis. 
• Navigate complex project finance excel models, with deep understanding of discounted cash flow (DCF) valuations and returns (IRR),and run risk scenarios within those models to gauge potential value and return impact of risks.

Risk Monitoring & Analysis:

• Continuously monitor evolving economic conditions, regulations, and market dynamics to proactively identify risks and opportunities.
• Review financial and operational data to identify and analyze potential risks.
• Perform ad-hoc analyses and reporting to address critical questions from senior management and stakeholders

Risk Communication & Reporting:

• Ensure effective communication of risk information across internal and external stakeholders.
• Evaluate and contribute to risk disclosures, reporting, and documentation to comply with regulatory requirements.
• Prepare and present regular and ad-hoc management reports as and when required to different stakeholders, ExCom and Board Committees.
• Provide training and support on risk-related topics to internal staff.

Risk Mitigation & Continuity:

• Develop and implement contingency plans to manage business interruptions, market volatility, and economic emergencies.
• Assist in developing and maintaining business continuity and disaster recovery plans aligned with ERM.
• Act as the department champion for BCM activities and ensure relevant BCP’s are up to date and remains fit for use.

Awareness of ERM best practice:

• Remain abreast of ERM leading practices in order to ensure that ERM framework is continuously updated and aligned to leading trends and studies.

Compliance with information security policies, procedures, and company requirements at all times:

• Adhere to any applicable Masdar information security policies and procedures and identify and report security incidents and suspected weaknesses to the appropriate point(s) of contact

Qualifications

Preferred Qualifications: 

• Bachelor’s degree in Risk Management, Economics, Finance, Business Administration, or a related quantitative field.
• Advanced degree or professional certification such as CRM, CRMP, CFA, FRM, or equivalent is highly preferred.

Preferred Experience: 

• 5-7 years of experience in enterprise risk management, with a strong emphasis on quantitative risk analysis and economic insight.
• Demonstrated experience in developing and implementing ERM frameworks, financial risk models, and scenario analysis within complex organizational environments/structures.

Job-Specific Skills: 

• Proficiency in quantitative tools and techniques (e.g., Monte Carlo simulations, statistical software).
• Strong analytical and problem-solving skills with the ability to translate complex data into strategic insights. 
• Excellent verbal and written communication skills, with expert experience in preparing reports and presentations to senior stakeholders. 
• Solid understanding of macroeconomic trends, market risks, and regulatory developments impacting the renewable energy sector.
• Strong collaboration and stakeholder management skills, with the ability to work across functions and business units.
• High proficiency in Microsoft Office, particularly Excel; advanced IT knowledge (Power BI, VBA, Python, R) and experience with RiskAMP, and RiskMetrics (MSCI RiskManager) and BarraOne are a plus.
• Ability to manage multiple priorities and projects in a dynamic environment while maintaining attention to detail and quality

Additional Information

Masdar is one of the world’s fastest growing renewable energy companies and a green hydrogen leader, placing the UAE at the forefront of the energy transition.

As a pioneer in advancing the clean energy sector and a key enabler of the UAE’s vision as a global leader in sustainability and climate action, Masdar has developed projects in more than 40 countries across six continents and has invested, or committed to invest, in worldwide projects with a combined value of more than US$30 billion.

Masdar unites the UAE’s three energy champions – Mubadala, ADNOC and TAQA – and will utilize their combined expertise to fulfill its purpose as a global clean energy pioneer across renewables and green hydrogen.

Promoting innovation in solar, wind, energy storage, waste-to-energy, and geothermal energy, Masdar has a proven record of delivering pioneering projects using cutting-edge clean energy technologies, that are commercially viable and bankable.

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