Specialist Market Risk And Treasury Assurance

• JOB PURPOSE:
  
  

Support the Market Risk & Treasury Assurance Department within Treasury Controls Division by managing the Groups exposure to interest rate and foreign exchange risks, conducting risk assessments across market risk and performing financial due diligence on suppliers and counterparties.

Execute approved hedging and market tools mitigation activities on behalf of ADNOC and its group entities, and act as a focal point for market risk matters by collaborating with finance stakeholders to ensure consistent risk management, regulatory compliance and protection of ADNOCs projects IRR, and other relative financial metrics.

Provide independent assurance over market risk and treasury control activities across ADNOC and its Group Companies, ensuring compliance with approved policies, governance frameworks, and risk appetite

• KEY ACCOUNTABILITIES:
  
  

Job Specific Accountabilities

• Interest Rate & FX Risk Management
• Develop and implement strategies to manage interest rate and foreign exchange (FX) risks, ensuring effective monitoring and mitigation of the Group’s exposure across ADNOC and its Group Companies.
• Track market movements and exposure positions, recommending adjustments to risk management strategies as market conditions evolve, ensuring exposures remain within risk appetite and treasury policy.
  
  

• Market Risk & Treasury Controls Risk Assessment
• Conduct thorough risk assessments across market risk and treasury controls, identifying potential vulnerabilities in processes and controls. Identify control gaps or deviations against Market Risk Policy and treasury control processes, recommending corrective actions to strengthen the control environment and safeguard ADNOC’s risk position.
• Lead assurance reviews of treasury activities across the Group to ensure compliance with treasury governance standards and consistent application of controls in all entities
• Counterparty Credit Assessment
• Support in assessing counterparties for ADNOC sales and group entities, including review of financial statements, credit ratings, ownership structure and overall risk profile to inform credit limit recommendations.
• Maintain up-to-date counterparty files and credit assessment records, ensuring information is accurate, complete and aligned with internal credit standards.
• Supplier Financial Due Diligence
  
  

• Conduct financial due diligence on suppliers, evaluating their financial health, credit standing and risk profiles to ensure reliable contractors are recommended for the projects.
• Recommend suitable risk mitigation plans, including Parent Company Guarantees (PCG) and Bank Guarantees (BG), and other mitigation plans to protect ADNOCs commercial and financial interests.
• Stakeholder Collaboration
  
  

• Collaborate with various stakeholders internally including Finance teams, Procurement, Treasury, Shared Service and externally including Banks and various Financial Institutions to ensure best risk management tool is applied.
• Act as a focal point for market risk and treasury assurance matters, coordinating with internal stakeholders, business units and group entities to address requirements in a timely and professional manner.
• Market Risk Reporting & Compliance
  
  

• Prepare and present detailed reports on market risk exposure, including FX, interest rate and counterparty positions, ensuring compliance with internal policies and regulatory standards.
• Support the preparation of materials, presentations and supporting analysis for management and follow up on actions arising.
• Market Risk Execution & Hedging
  
  

• Execute approved market risk mitigation activities that require hedging or market-side transactions to support ADNOC and its group entities that do not have in-house market execution capabilities.
• Liaise with banks and financial counterparties to obtain pricing, execute trades and ensure proper documentation, settlement and post-trade controls in line with approved strategy and the delegation of authority.
• Treasury Assurance Mandate & Liquidity Oversight:
• Lead the treasury assurance mandate by reviewing and testing compliance of treasury processes and controls across ADNOC and its Group Companies.
• Ensure robust adherence to approved treasury policies, procedures, and governance frameworks, identifying any control gaps or process weaknesses and recommending improvements to strengthen overall treasury risk management and oversight.
• Analyze Group Companies’ working capital, cash flow forecasts, and liquidity positions to provide assurance that liquidity is managed efficiently.
• Monitor and validate key liquidity and working capital metrics across the Group, ensuring alignment with treasury risk appetite and early identification of potential liquidity risks for management attention.
• Currency Risk Framework for Non-USD/AED Contracts:
  
  

• Develop and implement a currency risk management framework for contracts and transactions denominated in currencies other than USD and AED. Identify and monitor currency exposure arising from multi-currency contracts across ADNOC and its Group Companies, working with business units and Group Treasury to measure and report these exposures and ensure they are effectively hedged or mitigated in line with approved risk management strategies.
• Provide guidance on suitable hedging instruments or natural hedging opportunities for non-USD/AED exposures, coordinating with Treasury execution teams to implement hedges and monitoring outcomes to ensure currency risks remain within acceptable levels. Report on the status of non-USD/AED currency exposures and hedging actions to management, ensuring transparency and compliance with risk management policies.
  

Generic Accountabilities

• Treasury Function Supervision

• Support Treasury in assessing banks and financial institutions used to invest in money market funds and other short-term instruments.
• Contribute to the safe placement of corporate liquidity by reviewing financial strength, ratings and concentration risk of approved investment counterparties.
• Risk Management
  
  

• Contribute to and support the establishment of a Treasury Function Integrated Risk Management System within, to identify relevant risks and support implementation of mitigating measures.
• Budgets and Operational Plans
  
  

• Provide input to the preparation of the Departments annual budget in line with business objectives and operational plans.
• Support monitoring of expenditure against approved Department budget and assist in investigating and reconciling significant variances.
• Policies, Systems, Processes & Procedures
  
  

• Implement approved policies, processes, systems, standards, procedures and internal controls to support execution of the Departments work programs in line with Company and international standards.
• Performance Management
  
  

• Contribute to the achievement of approved Performance Objectives for the Department in line with the Company Performance framework.
• People Development
  
  

• Proactively pursue self-development in accordance with Human Capital policies, support knowledge transfer among peers, and contribute to the development of UAE Nationals as appropriate.
• Innovation and Continuous Improvement
  
  

• Identify and implement improvements in market risk and treasury control processes against best practices to enhance efficiency, accuracy and control.
• Health, Safety, Environment (HSE) and Sustainability
  
  

• Support implementation of an HSE culture and comply with relevant HSE policies, procedures, systems and controls and applicable legislation and sustainability guidelines, in line with international standards and ADNOC Code of Practices.
• Participate in HSE training and induction to meet HSE standards.
• Management Information Systems (MIS) and Reports
  
  

• Provide input and contribute to the preparation of accurate and timely reports and information for Company Management to effectively manage the business using the applicable systems that are in place.
  

3. COMMUNICATIONS & WORKING RELATIONSHIPS:

Internal

• Regular contact with the Market Risk & Treasury Assurance Manager, and the wider Treasury Controls team for day-to-day market risk and treasury assurance activities.
• Frequent contact with Procurement, Finance teams, Sales, Marketing and Trading units, and ADNOC group entities, for FX and interest rate exposure data, supplier due diligence and hedging requirements.
• Regular contact with other Finance functions, IT, Legal and Internal Audit as required.
  
  

External

• Regular contact with banks, financial institutions, hedging counterparties, rating agencies and external service providers.
• Contact with suppliers and counterparties for financial due diligence, Parent Company Guarantee and Bank Guarantee arrangements.
• Regular contact with internal and external auditors.
• QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS:
  
  

Minimum Qualification

• Bachelor’s degree in Finance, Accounting, Economics, Business Administration or related discipline.
  
  

Minimum Experience & Knowledge & Skills

• 5 – 8 years of relevant experience in market risk, treasury, FX and interest rate risk management, hedging execution, treasury controls or financial due diligence within a large corporate or financial institution.
• Strong analytical, data handling and reporting skills, including proficiency in Excel and ERP / treasury systems (e.g., Bloomberg, Reuters, S&P Capital IQ).
• Good understanding of hedging instruments, derivatives, treasury governance frameworks and applicable regulatory standard
  
  

Professional Certifications

• Professional certification such as CFA, FRM, ACT, ACCA or CPA is preferred

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