Lead (Regulatory Compliance)
Location: Petroleum Authority of Brunei Darussalam
Department: Compliance
At Petroleum Authority of Brunei Darussalam (PA), we foster a culture of excellence, innovation, and integrity. Our core values of Unity, Accountability and Excellence guide us in everything we do, from ensuring safety and environmental stewardship to promoting collaboration and mutual respect. We believe in creating a dynamic and supportive work environment where every team member's contribution is valued.
We encourage open communication and teamwork, ensuring that every voice is heard and respected. Professional development is a priority, and we are committed to nurturing talent and promoting professional growth at the PA.
We offer a competitive salary package, health insurance, generous vacation times, education and housing support and opportunities for professional growth and development. PA is dedicated to providing a supportive and inclusive work environment where employees can flourish.
Company Overview
Petroleum Authority of Brunei Darussalam is dedicated to ensuring the sustainable development of the nation's oil and gas resources. Our mission is to provide a regulatory framework that promotes safety, efficiency, and environmental stewardship. We pride ourselves on our commitment to excellence, innovation, and a supportive work culture
Job Summary
We seek a dedicated and experienced Lead (Regulatory Compliance) to join our Petroleum Authority of Brunei Darussalam team. The Lead (Regulatory Compliance) will oversee the Regulatory Compliance Unit and ensure the technical and financial compliance across all agreements and regulations governing the oil and gas sector. This includes verifying and managing compliance for both operational activities and financial transactions that make up Government Take from regulated blocks and relevant companies. The role involves collaborating with various stakeholders to ensure alignment with regulatory standards and industry best practices.
If you're a strategic thinker with a passion for regulatory compliance and a proven track record in this field, we encourage you to apply.
Key Responsibilities
Technical & Financial Compliance Management
Lead discussions regarding the regulatory compliance in technical and financial aspects of PSCs, PMAs, and other linked agreements.
Ensure the effective management of both technical review and financial compliance for all agreements
Document and actively participate in the development of processes and procedures for regulatory compliance activities, covering both technical operations and financial governance.
Stay updated on industry best practices, ensuring that both technical and financial compliance measures are aligned with current standards.
Lead discussions regarding the regulatory compliance in technical and financial aspects of PSCs, PMAs, and other linked agreements.
Ensure the effective management of both technical review and financial compliance for all agreements
Document and actively participate in the development of processes and procedures for regulatory compliance activities, covering both technical operations and financial governance.
Stay updated on industry best practices, ensuring that both technical and financial compliance measures are aligned with current standards.
Technical & Financial Compliance Audits
Design and lead annual technical and financial compliance audit plans, including defining scope, scheduling, and allocating resources.
Evaluate and audit the adequacy and effectiveness of controls and processes to ensure compliance with both technical standards and financial regulations.
Monitor the execution of technical and financial compliance audits, ensuring timely completion within the agreed schedules and budgets.
Design and lead annual technical and financial compliance audit plans, including defining scope, scheduling, and allocating resources.
Evaluate and audit the adequacy and effectiveness of controls and processes to ensure compliance with both technical standards and financial regulations.
Monitor the execution of technical and financial compliance audits, ensuring timely completion within the agreed schedules and budgets.
Compliance Verification and Reporting
Review and verify both technical operations and financial terms, ensuring compliance with the regulations and agreements governing Government Take for all regulated PSCs, PMAs, and other relevant contracts.
Maintain regular communication with the Ministry of Finance and Economy (MOFE), Department of Energy and other regulatory bodies to provide timely updates on verification and compliance activities.
Engage regularly with operators and regulated entities to ensure the timely flow of compliance-related information.
Review and verify both technical operations and financial terms, ensuring compliance with the regulations and agreements governing Government Take for all regulated PSCs, PMAs, and other relevant contracts.
Maintain regular communication with the Ministry of Finance and Economy (MOFE), Department of Energy and other regulatory bodies to provide timely updates on verification and compliance activities.
Engage regularly with operators and regulated entities to ensure the timely flow of compliance-related information.
Stakeholder Management
Manage relationships with all stakeholders to ensure smooth coordination of compliance activities.
Collaborate with technical teams to address operational compliance issues while working with financial teams to manage fiscal compliance challenges.
Manage relationships with all stakeholders to ensure smooth coordination of compliance activities.
Collaborate with technical teams to address operational compliance issues while working with financial teams to manage fiscal compliance challenges.
Qualifications & Skills
Citizen of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam
Bachelor's degree in petroleum engineering, accounting, finance or related field.
Minimum of 15 years of relevant working experience in a related field including 8 years in senior/managerial role.
Strong knowledge of regulatory and legal requirements.
Able to work independently in an agile, fast-paced and dynamic working environment.
Proficient in Malay and English, both orally and in writing.
Citizen of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam
Bachelor's degree in petroleum engineering, accounting, finance or related field.
Minimum of 15 years of relevant working experience in a related field including 8 years in senior/managerial role.
Strong knowledge of regulatory and legal requirements.
Able to work independently in an agile, fast-paced and dynamic working environment.
Proficient in Malay and English, both orally and in writing.
How to Apply
If you are ready to take the next step in your career and make a difference, interested candidates are encouraged to submit their application below by Thursday, 31 October 2024 @ 12PM
We look forward to hearing from you!
We look forward to hearing from you!