ERM Specialist (Risk Quantification)


ERM Specialist (Risk Quantification)

UAE based

United Arab Emirates

Sector: Power Industry

Category: Public Sector and Government

Job Specific Responsibility:

Business Risk Quantification

● Monitor usage of Co’s ERM processes across the organisation, including but not limited to relevant risk quantification methodologies, tools and templates

● Research and apply new ways to quantify and analyse Company’s risks in line with the ERM policy and framework while reviewing and evaluating risk quantification approaches of similar international utilities and single-buyer/system operator organisations

● Provide risk management support within key projects by providing guidance on risk quantification and the application of risk simulation software/modelling (including Monte Carlo Simulation)

● Analyse potential new investment decisions and stress test financial models considering multiple risks/assumptions and offering probabilistic insight on potential investment ROI/LCOE and contribute in drafting investment recommendations based on risk sensitivity analysis.

Financial Analysis and Planning

● Review and challenge business planning and budgets proposed by Co, in consideration of the Co risk landscape and any necessary contingency reserves, and provide a probabilistic analysis on EBITDA/Unit costs to make a meaningful recommendation from risk perspective

● Perform a risk mapping and quantification exercise to map risks from the risk registers to the profit and loss account and balance sheet

● Analyse the forecasting models used in the forecasting of demand, identify any risks inherent in the models.

ERM General

● Regularly update risk dashboards and reports based on inputs obtained from the functions and outputs of the risk quantification activities, ensuring accurate documentation

● Monitor and report on KRIs (key risk indicators) across the enterprise risk portfolio consistent with the risk framework in order to measure risk exposure

● Implement necessary tools for the automation of the risk quantification and risk aggregation process and support Risk champions in the risk assessment exercise

● Support business functions including Project Finance, Strategy and Planning and Financial Planning and Reporting on how to quantify/ analyse and report risks and evaluate internal and external risks/issues that may impact Co’s core activities

● Identify and analyse sector trends to continuously improve Co’s risk management approach, including the identification of gaps in processes and capabilities

● Produce various risk reports in line with the ERM Policy and directives of the ERM Head and Senior Management, working with key contributors to support the analysis of significant risks and the appropriate mitigation measures

● Support in the development and update of ERM training materials to ensure they reflect Co’s ERM framework and goals and train Risk Champions and other employees (as needed) on the importance of ERM and Co’s ERM tools and methodologies

Standard Responsibilities:

● Implement all relevant section policies, processes, and procedures so that work is carried out in a controlled and consistent manner

● Execute the continuous improvement of systems, processes and practices taking into account ‘international leading practice’ and changes in business environment, and leveraging insights. This includes supporting the related change management efforts

● Prepare risk related reports (as per the ERM framework) and contribute to the preparation of timely and accurate reports to meet the section requirements, policies and standards

Nikita Seth

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Nikita Seth


I am a proud member of Team UAE, having vast experience in talent acquisition at senior and mid level including projects in IT and Energy Sector.

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