Chairperson: Independent Risk Management Committee at Free State Department of Economic, Small Business Development, Tourism and Environmental

REQUIREMENTS:

• The incumbent must be an independent external Chairperson, with extensive knowledge and experience in relevant regulations and prescripts, including the Public Finance Management Act, Treasury Regulations, ISO31000, King IV report on Corporate Governance, the Committee of Sponsoring Organizations (COSO) and Public Sector Risk Management Framework.
• Must have previously served on the Risk Management/Audit Committee.
• Experience in Risk Management, Financial Management, Information Technology, Anti-Fraud and Corruption, and Auditing in Public or Private Sector.
• Qualifications: An undergraduate qualification and postgraduate qualification (NQF level 08) as recognised by SAQA in Auditing, Risk Management or Business Administration. CIA, CA, CRM will be an added advantage.
• The ideal candidate should have 8-10 years’ experience gained at a Senior Managerial level within Strategic/Risk Management and/or an Auditing/Financial, Anti-Fraud and Corruption environment, preferably in the Public Service.
• Previous experience of serving in the Risk Management Committee and/or Audit Committee will be advantageous.

DUTIES:

The primary objective of the Risk Management Committee is to assist the Accounting Officer to discharge his duties in respect of risk management with an ultimate aim of achieving the Department’s objectives. The incumbent’s duties will be to:

• Provide an oversight role on the review and monitoring implementation of the risk management framework, policy, charter, and strategy within the Department.
• Provide guidance on integration of risk management into planning, monitoring, and reporting processes.
• Provide advice/guidance on setting and review of the risk appetite, tolerance levels, and anti-fraud measures.
• Lead the Committee in conducting its activities in terms of the Public Sector Risk Management Framework, PFMA, Risk Committee Charter, and King IV Report on Corporate Governance.
• Provide proper and timely reports to the Accounting Officer on the state of risk management, together with aspects requiring improvement accompanied by the Committee’s recommendations to address such issues.
• Perform any other duties of the Risk Management Committee as specified in the terms of reference (Committee Charter).
• Report annually to the Executive Authority through Audit and Risk Committee.

Management of the Committee:

• Take all reasonable steps to ensure that the committee fulfils its responsibilities and obligations.
• Calling and chairing quarterly meetings.
• Act as liaison between the Accounting Officer and Audit Committee.
• Maintain ethical and responsible decision-making framework at committee level and address any unethical or dishonest situation or potential conflict of interest brought to his/her attention in a timely and efficient manner.
• Provide overall leadership to the Committee without limiting the principles of collective responsibilities of Committee decisions.

Running Meeting:

• Set an agenda for each meeting.
• Chair the meeting to the RMC, take all reasonable steps to encourage participation of all committee members in the Committee meetings and facilitate free and constructive discussion.
• Maintain a good relationship with the secretariat to ensure that all tasks which were completed between the meetings are completed.