Oando PLC, a Nigerian multinational energy company operating in the upstream, midstream, and downstream, is seeking a Risk Advisor to join its team. This key position will involve developing, implementing, and monitoring risk and internal control frameworks to ensure compliance and operational integrity. Oando invites you to apply for its Risk Advisor role, offering a unique opportunity to contribute to the strategic direction of one of Africa’s energy giants.
Job Summary
The primary function of the Risk Advisor is to assist the GM, Risk & Strategy in reviewing, monitoring, and assessment of the company’s trading activities in alignment with OTD’s vision and strategic roadmap.
Specifically, the incumbent works in a fast-paced environment to: monitor trade activities from inception to conclusion, identify and mitigate risks in real-time, maintain an effective internal control framework for the organization, ensure the accuracy and completeness of data in the trading software, assist with periodic review of processes and procedures for all job functions, organize, conduct internal process and control audits, key risk indicator reporting and as well as other assigned tasks from superiors.
Key Responsibilities:
Risk Identification and Assessment
- Reviews and updates the company’s risk management framework/policy and ensures it remains aligned with the company’s vision and strategic direction as well as existing regulatory frameworks.
- Regularly tests the company’s internal control framework document for efficiency and areas of improvement.
- Identifies, analyses, evaluates, prioritises monitors reviews, and communicates the risks – market, credit, operational – both internal and external to the organisation.
- Monitor and report on macro, micro-economic, geopolitical, and fiscal risks to business continuity, advise on mitigation plans with input from departmental experts in Trades, Operations, Finance, Legal, and Governance, and develop and execute mitigation plans whilst concurrently optimizing policies, processes and procedures.
Price Risk Management/Deals Desk
- Evaluate exposures in product pricing, acquisition, storage, seasonal and regional arbitrages.
- Carry out trade P & L reviews with traders and back office, position reporting, and mark-to-market valuation of trades.
- Tracks the trading positions of physical and paper trading desks, analysing the associated risk and daily profit or loss along with variation margin requirements.
- Performs deal entry into commodity trade risk management software for both derivatives and at-risk physicals.
Monitoring and Adherence
- Serve as systems administrator for commodity trade risk management software, ensure entries are done in accordance with laid down procedures, and carry out periodic audits.
- Serve as over-sight for Risk personnel in other regions.
- Advise traders and all back-office functions, acting as an internal consultant, on transactions, deal structuring, and exposures.
- Evaluate and report daily on deviation from established internal control processes
- Provide actionable recommendations that balance risk management with organizational objectives.
Communication and Collaboration
- Serve as systems administrator for commodity trade risk management software, ensure entries are done in accordance with laid down procedures, and carry out periodic audits.
- Serve as over-sight for Risk personnel in other regions.
- Advise traders and all back-office functions, acting as an internal consultant, on transactions, deal structuring, and exposures.
- Evaluate and report daily on deviations from established internal control processes.
- Key participant in financial reconciliation meetings with NOCs and trading counterparties.
- Provide actionable recommendations that balance risk management with organizational objectives.
- Work closely with stakeholders across departments to build trust and foster open dialogue about risk-related matters.
- Clearly and empathetically communicate complex risk concepts to both technical and non-technical audiences.
- Manage conflicts related to risk decisions and facilitate resolutions with professionalism and tact.
Scope of Responsibility & Accountability
- Development of reports and analysis on trades
- Updating trade trackers and monitoring schedules
- Policy and procedure documentation for the OTD functions
- Updates of market prices and integrity of commodity trading risk management
- Management of physical and electronic filing systems
- Monitoring market, operational, and credit risk levels for the business in line with the Risk Management Policy.
Qualification and Experience
- 1st degree in Accounting, Finance, Economics or any of the Analytical/Applied Sciences
- 5-7 years’ cognate work experience, in a structured business environment with an intermediate level of understanding of oil industry markets and three-year experience in the development and review of business processes, risks, internal controls and financial statements.
- Risk certification (IRM, GARP, CMA, CERA, COSO ERM) completed or in view would be an added advantage.
- Big 4 Audit firm experience required.
- Knowledge and Skills Required
- Oil & Gas Industry Dynamics & World Markets
- Commodities Trading (Oil & Gas Products)
- Derivatives Trading (Forwards, Futures, Swaps, OTCs)
- Familiarity with trading platforms, market analysis tools, and databases (e.g., Bloomberg, Platts, or Refinitiv/Reuters).
- Statistical and qualitative analysis
- Risk and Internal Control Frameworks – COSO
- Networking and Relationship Management with internal and external stakeholders.
- Creativity, Innovation, and problem-solving
- Passion for independent learning and leveraging internal resources for professional development.
- Process-led thinking and ability to disseminate information specific to different audiences.
- Excellent interpersonal and communication skills, including good presentation and report-writing skills.
- Judgment, decisiveness, and self-discipline
- Strong code of ethics
- Attention to detail, high degree of time management, and multitasking
- High Emotional Intelligence, self-driven, and able to collaborate in a team.
Key Performance Indicators
- Timeliness in the capture of trades into the trade software
- Prompt resolution of quality issues arising from trading operations
- Compliance rate with laid down operating policies & procedures & service standards
- Timeliness in conducting investigations and effectiveness of recommendations and findings
- Number of queries from the regulatory authorities and external audit reports
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