Chief Risk Officer — Refining And Marketing System

The mandate

A deliberate change of pace is required to deal with a reset of enterprise risk ownership and board assurance within a multinational-owned integrated energy producer and services platform. The immediate arena is the refining and marketing system during a capital-discipline reset. For mandate 370, the successful executive inherits decisions that have been deferred, competing stakeholder expectations and a need to establish facts before committing further capital.

The Chief Risk Officer operating perimeter covers approximately ₹39,600 crore in operated asset and trading portfolio, with activity spanning several refining and marketing system customer, product and delivery clusters rather than a single asset. The Chief Risk Officer Oil & Energy remit carries direct influence over roughly 900 colleagues and third-party capacity.

The chair, executive committee and principal capital sponsors want a Chief Risk Officer who can convert ambiguity into a short list of explicit choices for the refining and marketing system. The Chief Risk Officer Oil & Energy seat must resolve a capital-discipline reset, while preserving the underlying strengths of the refining and marketing system. For mandate 370, value will come through sharper allocation, stronger leaders and an operating cadence that exposes variance early.

The Chief Risk Officer’s first year on the refining and marketing system is expected to end with early-warning quality, control effectiveness and regulator-ready evidence. In mandate 370, authority covers resources and leadership appointments; material trade-offs go directly to the board sponsor.

Why this seat is open

This is a planned replacement for the Chief Risk Officer — Refining And Marketing System seat. The incumbent continues to lead the refining and marketing system through an agreed succession period and will support a structured handover. The board has allowed 4–6 months to assess candidates, complete diligence and protect continuity while a capital-discipline reset is addressed. The search is confidential so the transition can be communicated to employees, customers and partners in a controlled sequence.

What you will own

• Set the Chief Risk Officer value-creation thesis for the refining and marketing system, translate it into no more than five enterprise priorities and stop work that does not support them.
• Carry stewardship of approximately ₹39,600 crore in operated asset and trading portfolio, including allocation, risk acceptance and board forecasts.
• Lead the Chief Risk Officer Oil & Energy organisation of about 900 employees and partners, appointing a team with clear decision rights and credible succession for every critical seat.
• Resolve the refining and marketing system economics and execution constraints created by a capital-discipline reset, with Chief Risk Officer-approved owners, dated milestones and transparent escalation thresholds.
• Establish one Chief Risk Officer operating review across commercial, customer, financial, people, technology and risk outcomes for the refining and marketing system; remove reconciliations that obscure accountability.
• Have held independent challenge authority and closed material issues with evidence accepted by board or supervisory review in mandate 370.
• Build the Chief Risk Officer’s three-year succession and capability plan for the refining and marketing system, reducing dependence on individual executives and improving mobility across the wider Oil & Energy organisation.

The first 12 months

• Days 1–90: Validate the refining and marketing system baseline, meet the 30 stakeholders most consequential to a reset of enterprise risk ownership and board assurance, assess the leadership team, stabilise immediate delivery risks and agree a board-owned scorecard with explicit decision gates.
• Months 4–9: Make the principal Chief Risk Officer portfolio and organisation choices for the refining and marketing system, install the new operating cadence, fill critical leadership gaps and deliver the first measurable release of cash, capacity or customer value.
• Months 10–12: Demonstrate a repeatable refining and marketing system trend against early-warning quality, control effectiveness and regulator-ready evidence, lock the following year’s capital and talent plan, evidence control sustainability and present a credible three-year value case with downside actions.

What the board will measure

• Delivery of the Chief Risk Officer’s agreed first-year refining and marketing system value case within a 10% tolerance, with variance explained before rather than after the relevant quarter closes.
• A Chief Risk Officer forecast that remains decision-useful across three consecutive quarters and reconciles the refining and marketing system’s operating, cash, customer and people assumptions.
• Closure of the Chief Risk Officer mandate’s highest-priority refining and marketing system risk and execution issues by their board-approved dates, with independent evidence that fixes are sustained.
• Retention of at least 90% of critical refining and marketing system talent and ready-now successors for at least 70% of the Chief Risk Officer’s direct reports.
• A quantified Chief Risk Officer-owned improvement in the refining and marketing system operating constraint behind a capital-discipline reset, supported by a clean baseline and named data owner.
• Clear stakeholder confidence in mandate 370: no unresolved high-severity escalation older than 30 days and no material surprise withheld from its agreed governance forum.

The person

You are currently a CRO, Deputy CRO or Chief Compliance and Risk Officer in a multinational-owned Oil & Energy or adjacent enterprise. In relation to the refining and marketing system, your Chief Risk Officer track record includes a transition where the original plan was no longer sufficient; you can explain your choices, evidence and numerical impact. Candidates from energy, oil and gas, utilities, chemicals, renewables or industrial services will be considered where the operating model, customer stakes and governance intensity match this Chief Risk Officer brief.

As a Chief Risk Officer candidate, you bring 22–28 years of progressive Oil & Energy or adjacent-sector experience, consistent with the 22-28 experience band. At minimum, you have carried a P&L, book, budget or accountable portfolio of ₹22,950 crore and led an organisation of at least 625 people.

For mandate 370, the board wants two transitions: a difficult refining and marketing system portfolio choice and a leadership-system change during a capital-discipline reset. As the prospective Chief Risk Officer for this refining and marketing system, you must challenge optimistic cases and still create followership. References for mandate 370 must distinguish your contribution from the institution around you.

The Chief Risk Officer role in Oil & Energy is based in Ahmedabad; relocation is expected, although a structured weekly commute may be considered during the first quarter.

Non-negotiables

• Current or recent accountability at the level of CRO, Deputy CRO or Chief Compliance and Risk Officer, with direct exposure to a board, investment committee or equivalent Oil & Energy governance forum.
• Proven Chief Risk Officer ownership of at least ₹22,950 crore and leadership of no fewer than 625 employees in a comparable refining and marketing system context.
• One completed Oil & Energy or adjacent-sector example of a reset of enterprise risk ownership and board assurance with outcomes sustained for at least two reporting periods after the initial intervention.
• Sector credibility from energy, oil and gas, utilities, chemicals, renewables or industrial services; experience that is purely functional and lacks Chief Risk Officer-level refining and marketing system consequences will not meet the bar.
• Willingness to meet the Ahmedabad location expectation, complete conflicts and background diligence, and protect the confidentiality of mandate 370.

Compensation and terms

The anticipated Chief Risk Officer package is ₹2.2–3.0 crore fixed + performance variable, calibrated to the final refining and marketing system scope and the candidate’s current mix. Any long-term participation for mandate 370 follows standard vesting and performance conditions. The Chief Risk Officer appointment in Ahmedabad, centred on the refining and marketing system, offers regular exposure to the chair, executive committee and principal capital sponsors. A notice period of up to 6 months can be accommodated for the selected executive in mandate 370.

Confidentiality

To protect the board, incumbent team and candidate, the organisation remains unnamed until a confidential conversation confirms mutual relevance for mandate 370. The operating facts have been rounded and blended expressly to remove identifying signals for mandate 370.