Risk and Compliance Manager

Risk and Compliance Strategy

·         Develop and maintain a risk and compliance framework for the organisation.

·         Develop the framework, policies & procedures

·         Manage the implementation of risk and compliance processes in alignment with other processes to ensure integration and optimisation

·         Develop a Risk and Compliance Monitoring system that   is adapted, implemented & utilized to ensure compliance

·         Conduct the Gap Analysis Risk and Compliance Management process at regular intervals

·         Manage compliance enforcement process

·         Documenting and updating all risk and compliance policies

Risk management and assessment

·         Develop a methodology and framework for Risk & Compliance Management

·         Facilitate annual risk & compliance management assessments for all major changes of operational processes

       operational processes

·         Develop systems to facilitate risk and compliance monitoring and risk improvement

·         Ensure that all risk & compliance categories are included in the assessment

·         Align the risk & compliance identification process with the organizations’ targets and objectives

·         Compile a consolidated risk and compliance register on a regular basis and

       ensure that key risk indicators are included in

       the risk register

·         Assess and quantify actual risk and non-compliance incidences and losses incurred and formally reports thereon

·         Create mechanisms for identifying nodes of change

·         Consolidate all information pertaining to all risk, compliance and related functions, processes and activities

·         Ensure the implementation of Business Continuity Management Plans

Organisational risk capacity

·         Transfer the knowledge in respect of an effective and sustainable process of risk and compliance identification, quantification and monitoring to management

·         Record the decisions regarding mitigation for every key risk facing the organisation in the risk register

·         Benchmark the performance of the risk and compliance management process to the risk

       management processes adopted by other

       entities both within South Africa and abroad

·         Implement a formalised risk and compliance information system

·         Ensure that risk management training is conducted at appropriate levels within the entity to inculcate a risk management culture

·         Managing the fraud hotline

Risk and Compliance Committee

·         Establish a Risk and Compliance Committee and enable it to fulfill its responsibilities as stated in its Constitution and the Policy

·         Communicate with the Risk Committee regarding the status of risk management

·         Validate that enterprise risk management is functioning in all functional areas and that all

significant risks are being recognised and effectively managed in a timely manner

·         Work with the committee for monitoring and reporting to ensure compliance with the organisation’s standards and reporting of the most significant risks

·         Draft various agreements with the support of industry participants

·         Conducting and facilitating the risk workshop for the organization

 

Governance Function

·         Governance Support to the Board and its Sub-Committees

·         Develop Charters and Terms of References (ToRs) for Board and its Sub-Committees;

·         Monitor implementation and facilitate review of Charters and ToRs;

·         Facilitate induction of the Board and its Sub-Committees;

·         Manage management’s and Board inputs onto reference documents and incorporate approved ideas;

·         Facilitate approval of reference documents by the Board;

·         Track and follow up on Board decisions;

·         Maintain and report on the audit monitoring tool for the audit committee;

·         Provide guidance on compliance with relevant legislations;

·         Maintain declaration of interest;

·         Ensure effective communication between the Board and its sub committees and continuous report backs;

·         Facilitate performance assessment of the Board and its Sub-Committees;

·         Facilitate training for the Board and its Sub-Committees on new legislation and/or relevant topics

 

Reporting:

Compile monthly, quarterly and year end Risk and Compliance Reports

NB: the job description is a guide of minimum tasks and responsibilities and might change from time to time, depending on the organizational requirements and managerial ad hoc requests.

 

Qualification/s proposed for role

·         National Diploma / Bachelor’s Degree or equivalent     in Law, Risk, Behavioural Sciences or any other related field

Additional Qualifications

·         Master’s degree in Law, Risk, Behavioural Sciences or any other related field

Years of experience proposed

6-10 years relevant experience in a managerial role

List the competencies / knowledge / skills required

·         Customer Focus

·         Service Orientation

·         Accountability (Dependability)

·         Developing & Empowering People

·         Decision Making & Problem Solving

·         Teamwork & Team Building

·         Conflict Management