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Faik Babayev has extensive work experience in finance and management positions. Faik is currently the Director of Finance at LUKOIL. Prior to their current role, they worked at Siemens Energy as the CFO, where they were responsible for financial management, budgeting, compliance, and personnel management. Faik also served as the Head of Branch and Regional Financial Controller (CIS) at Aggreko. In addition, they held positions at FRHI Hotels & Resorts, Wyndham Worldwide, Starwood Hotels & Resorts Worldwide, Inc., Ericsson, Oracle, and LA TERCIA HOTEL, where they gained experience in financial control, budgeting, and communication with management.

Faik Babayev has a Master's degree in Analysis of International Economics from Universidad Rey Juan Carlos, which they obtained from 2007 to 2009. Prior to that, they completed a Spanish Culture & Language Course at Universidad de Alcalá from 2006 to 2007. Faik also holds a Bachelor's degree in International Relations from Baku State University, which they earned from 2002 to 2006. In addition, they have a Diploma in Accounting and Business from ACCA, obtained in 2014.