Job Description

Location: Shanghai Office

ERP Eligibility: [[cust_erp]]

Yinson is a dynamic, equal opportunity employer with great organisational culture where people are valued and empowered to deliver powerful solutions.

The Enterprise Risk Specialist at Yinson Production is responsible for establishing and maintaining a robust enterprise risk management framework across FPSO operations, offshore production assets, and major project execution activities.

The role ensures that organizational exposure to operational, project, commercial, HSEQ, and regulatory risks is continuously identified, assessed, and reduced through structured monitoring, assurance activities, and effective mitigation management.

A key function of the role is to build predictive risk intelligence using historical FPSO performance data, offshore operational trends, and project lessons learned to improve future project planning, operational reliability, and decision-making across the production fleet.

Enterprise Risk Management Framework

• Develop and maintain Yinson Production’s enterprise risk management framework aligned with ISO 31000 and offshore industry best practices
• Maintain a consolidated enterprise risk register across FPSO fleet, offshore projects, and shore-based support functions
• Ensure consistent application of risk governance standards across all assets and departments

Operational & Offshore Risk Management

• Identify, assess, and continuously monitor operational risks across FPSO assets, ensuring safe, reliable, and uninterrupted offshore production performance.
• Track operational risk exposure related to process safety and critical equipment reliability
• Ensure continuous monitoring of high-risk activities including offloading operations and maintenance shutdowns

Project Risk Management

• Facilitate structured, cross-functional risk workshops across engineering, procurement, construction, and commissioning phases
• Provide risk-based advisory support to project and operations leadership to ensure informed decision-making throughout the project lifecycle.
• Assess risks related to shipyard activities, fabrication delays, and commissioning readiness
• Track project cost, schedule, and contractor performance risks

Predictive Risk Intelligence & Historical FPSO Benchmarking

• Develop standardized risk templates specific to FPSO lifecycle phases (design, conversion, operations, decommissioning)
• Build and maintain a centralized historical risk database across all FPSO assets and projects
• Analyze historical downtime events, equipment failures, and offshore operational disruptions
• Establish predictive risk benchmarks for:
• Use historical insights to improve future FPSO project planning, cost estimation, and operational readiness

Assurance & Governance

• Conduct periodic risk assurance reviews across FPSO assets and project sites
• Validate effectiveness of risk mitigation measures and operational controls
• Support internal and external audit processes including classification society and regulatory inspections
• Report key risk indicators (KRIs) and critical exposures to executive leadership

Key Deliverables

• Enterprise Risk Management Framework
• FPSO Risk Register
• Standardized FPSO Risk Assessment Templates
• Historical FPSO Risk & Lessons Learned Database
• Predictive Risk Benchmarking Reports for offshore operations
• Risk Dashboards and KRIs

Key Performance Indicators (KPIs)

• Reduction in FPSO operational risk exposure (downtime, integrity, production loss risks)
• Accuracy of predictive risk forecasting based on historical FPSO data
• Timely identification and closure of critical offshore risks
• Effectiveness of risk mitigation actions in reducing production interruptions
• Adoption of standardized risk templates across FPSO fleet and projects
• Quality and timeliness of risk reporting to executive management
• Improvement in contingency planning accuracy for FPSO projects and operations

Required Qualifications

• Bachelor’s degree in Risk Management, or related discipline
• Certification in Risk Management (IRM, PMI-RMP, ISO 31000, or equivalent)
• Strong understanding of offshore oil & gas operations and FPSO systems
• 5–10+ years in risk management, offshore operations, marine assurance, or project risk roles
• Experience in FPSO operations, offshore production, or marine engineering environments
• Strong experience in risk governance, assurance systems, and operational risk analysis

Strategic Importance of the Role

This role is a critical enabler of safe, reliable, and efficient FPSO operations within Yinson Production. It strengthens enterprise-wide visibility of operational and project risks across the FPSO fleet and ensures that risk management is embedded into both offshore production and project execution.

By leveraging historical FPSO performance data and offshore operational lessons learned, the role transforms risk management into a predictive intelligence function that enhances production reliability, reduces downtime exposure, improves project execution accuracy, and supports Yinson Production’s commitment to safe and sustainable offshore energy operations.

If you want to team up with us as we dream and stride towards a better tomorrow – we would love to hear from you!

Disclaimer (Applicable for MY & SG only)

Referrals for the following roles are excluded from the Employee Referral Programme, though submissions are welcome: Management Committee, Yinson Board Directos, Hiring Managers involved in hiring process, HODs, HR/Cost Centre Owners, temporary staffs, contractors, trainees, former employees, candidates sourced elsewhere in the last year, and immediate family members.