Risk & Compliance Section Head

Posted 7 months ago by MSELECT
Location Basra, Iraq Job Type
Salary Sector Oil & Gas

MSELECT is looking to hire a Risk & Compliance Section Head for an international oil and gas operator in Basra. Candidates must have a minimum 5 - 7 years’ experience in Risk & Compliance Audits and be fluent in English.

Reports to

Audit Manager


Risk and Compliance Section Head is assigned with a task to meet the following organizational objectives:

  • Identify key compliance areas under EDPSC, JOA, Iraqi Rules and Regulations and any other Adhoc requirements / instructions issued by the Ministry of Oil to regulate Petroleum Operations;
  • Establish and monitor Risk Management Framework for Contract Area and ensure that Risk Register is maintained and updated on regular basis; and
  • Work with other Sections in Audit Departments and other functions to monitor various risk and compliance activities to ensure that Cost Recovery Risk is reduced to a minimum level.


Key responsibilities of the role

  • Assist Audit Manager to establish Risk Management & Compliance Framework for Contract Area;
  • Coordinate with Legal Department & Internal Audit Section to ensure that Compliance Register / Checklist is prepared and updated on regular basis;
  • Establish a List of Compliance Deadlines and ensure that relevant department / staff is assigned to meet such deadlines. Section Head shall be responsible to keep record of such compliance activities and report to Audit Manager on monthly basis.
  • Review Contracts and Procurement document ensuring full compliance with approved Policies and Procedures and respond to queries raised by the stakeholders;
  • Periodically review and assess the efficiency of Risk & Compliance Framework and explore other important areas requiring immediate management action;
  • Prepare Annual Risk & Compliance Audit plan and ensure its effective implementation;
  • Prepare various reports, organize training sessions, attend meetings, etc. and investigate / coordinate on various queries, action plans, gaps identified during review of compliance activities;
  • Any additional duties assigned by Audit Manager from time to time

Key Deliverables

  • Compliance checklists
  • Risk Register
  • Risk Management Framework regular updates and gap analysis, etc.
  • Periodic Reports on various activities performed during the year

Quality Assurance

  • Ensure that all information prepared for stakeholder reflect true and fair information. Focus of the job must on desired outcomes through effective implementation.
  • Ensure that a single and a complete/reliable database is maintained in the Shared Folder which is accessible to Audit Team Members and proper guidelines are available for staff to update periodically.

People Management

  • Manage the activities and work performed by direct reports to ensure that all activities are progressing smoothly in accordance with the established framework / objective.
  • Recommend training and development interventions for team members to build their capabilities.
  • Take initiatives to various team building activities and encourage problem solving through knowledge dissemination / sharing, training on complex issues and lead by example to maximize their performance.

Policies, Systems, Processes and Procedures

  • Develop and contribute to the development and implementation of Risk & Compliance Audit policies, procedures and related templates
  • Ensure compliance with project requirements on adherence to policies, procedures and instructions related to all relevant regulatory directives to promote a safe and a risk-free environment.
  • Introduce continuous improvements to the existing Systems and Processes to achieve the best outcomes for Risk & Compliance activities.

Health, Security, Safety and Environment

  • Ensure compliance with all relevant health, security, safety and environmental management policies, procedures and controls within own area, monitoring, reviewing and evaluating on a continuous basis, to guarantee employee safety, legislative compliance, delivery of high-quality service and a responsible environmental attitude.


  • Contribute and ensure timely and accurate reporting within and outside organization.



  • All departments - Frequent contacts with other functions to share information related to various audits
  • Internal Audit Committee


  • BOC in general and BOC Audit Team on specific issues
  • Other Government Authorities i.e. MoO / PCLD, etc.
  • Funding Partners


  • Key decisions having significant impact on company Risk & Compliance Audits, establishing related policies and procedures, effective monitoring on action plans, etc.
  • The jobholder exercises operational authority as per the level established by the company management and stipulated in the authority matrix.


Minimum Qualifications:

  • Degree in Accounting, Finance, or Business Administration or other similar discipline
  • Preferably Certified Internal Auditor from any recognized professional body
  • Proficient user of Microsoft Office products
  • Good command of verbal and written English and Arabic is essential

Minimum Experience

  • 5 - 7 years’ experience in Risk & Compliance Audits with at least 3 years of experience in the Oil & Gas Sector and Job-Specific Skills:
  • Strong knowledge of Oil & Gas value chain
  • Strong knowledge of Petroleum Contracts with State Partner (Preferably for Southern Iraq Region)
  • Strong planning, organizational skills and attention to detail
  • Excellent knowledge of Internal Control & Compliance Activities
  • Analyze processes and apply critical thinking skills
  • Work both collaboratively and individually
  • Ability to constructively argue with various stakeholders to convince them on required action plans
  • Excellent understanding of Drilling, EPCC and other related contracts
  • Planning, Strategic thinking, Team building, decision making & problem-solving skills

*Only applicants meeting the strict criteria outlined above will be contacted as part of the shortlisting process


Share this Job



MSELECT is the most trusted regional provider of recruitment and staffing solutions. Widely recognised as regional and industry experts, our end-to-end services reflect the highest possible standar...

Live Jobs: 29 - View all Jobs
Sector Specialisms: Accountancy, Agriculture, Automotive, Construction, Consultancy, Education, Energy, Engineering, Fashion, Finance, FMCG, Graduate, Healthcare, Hospitality & Catering, Human Resources, Industrial, IT, Law, Logistics, Manufacturing, Media, Medical & Nursing , NGO, Oil & Gas , Real Estate, Retail, Sales & Marketing, Security, Telecoms, Travel & Tourism
Phone Number: +96466 261 4455