Lead (Regulatory Compliance)

Location: Petroleum Authority of Brunei Darussalam

Department: Compliance

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) position is responsible for ensuring compliance (technical/financial/commercial) across all agreements and regulations governing the oil and gas sector. This position also responsible to lead the current team of five and work cross functional within the Authority to deliver compliance. The role involves collaborating with internal and external stakeholders to ensure alignment with regulatory standards and industry best practices.

If you are a strategic thinker with a passion for regulatory compliance and a proven track record in this field, we encourage you to apply.

Key Responsibilities
Lead a team of technical and financial professionals to oversee compliance to relevant agreements.

• Lead a team by offering coaching and mentoring.
  

• Verse the Compliance team to ensure they meet the highest professional standards in technical, financial and commercial areas.
  

• Supervise and assess the performance of the assigned team, including providing support and contributing to the review of annual performance evaluations.

Ensure the effective management of both technical review and financial compliance for all agreements, ensuring compliance with industry standards, regulations and contractual obligations.

• 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.

Design and lead annual technical and financial compliance audit plans, including defining scope, scheduling, and allocating resources.

• Monitor the execution of technical and financial compliance audits, ensuring timely completion within the agreed schedules and budgets.
  

• Evaluate and audit the adequacy and effectiveness of controls and processes to ensure compliance with both technical standards and financial regulations.
  

• Collaborate with technical teams to address operations compliance issues while working with financial terms to manage fiscal compliance changes.

Manage relationships with all stakeholders, including operators, consultants, financiers, auditors, shareholders, board members and other regulatory bodies, ensuring smooth coordination of compliance.

• Maintain regular communication with the relevant authorities and 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, including technical review and financial updates.
  

• Develop and maintain strong business relationships within the Authority and key stakeholders, including regulatory bodies and contractors.

Stay updated on industry best practices, ensuring that both technical and financial compliance measures are aligned with current standards.

• Document and actively participate in the development of processes and procedures for regulatory compliance activities, covering both technical operations, financial and commercial governance.