Skils requied for the Job
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
NB: African and colored candidates living with Disabilities will be given preference