Hess CRO Jonathan Stein prepares for shake-up

As Hess turns into a leaner, upstream-focused oil company, chief risk officer Jonathan Stein tells Alexander Osipovich how enterprise risk management will assist in the firm’s transformation

Jonathan Stein - Hess

As chief risk officer (CRO) of New York-based oil firm Hess, Jonathan Stein has helped reshape the company by pulling its globe-spanning array of assets into the framework of an enterprise risk management (ERM) programme. That programme, he says, has helped Hess manage assets as diverse as offshore oil platforms in Equatorial Guinea, refineries in the Caribbean and trading floors in London.

"We have a lot of different assets, and the question is, how do you look at all those different risks?"

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