Chairperson of Risk Committee Member at Department of Land Reform and Rural Development

REQUIREMENTS :

• Applicants must be in possession of Minimum a post graduate qualification (NQF Level 8) in the field of at least one of the following qualifications: Development Studies / Risk Management / Public Administration / Information Technology / Law / Economics / Social Science / Rural Development / Political Science or MBA.
• The incumbent must be an independent external Chairperson, with extensive knowledge and experience in relevant regulations and prescripts, including the Public Finance Management Act (PFMA), Treasury Regulations, ISO31000, King IV report on Corporate Governance, the Committee of Sponsoring Organisations (COSO) and Public Sector Risk Management Framework.
• Must have previously served on the Risk Management / Audit Committee. Experience in Strategic Planning, Stakeholder relations / management, Risk Management, Financial Management, Internal Control, Compliance, Anti-Fraud and Corruption, Business Continuity and Auditing. Experience and suitable skills in Risk Governance, Compliance Management and Ethics Management. 

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. Ensures that the internal audit function's role and mandate are reviewed and approved, as well as the annual internal audit plan.
• 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).
•  Ensures that the committee oversees compliance with relevant regulations and legal requirements. Report annually to the Executive Authority through Audit and Risk Committee. Ensures that the committee reviews and approves risk policies and controls to ensure they are effective in mitigating risks.
• Management of the committee. Take all reasonable steps to ensure that the committee fulfils its responsibilities and obligations. Calling and chairing quarterly meetings. Set the agenda for each Committee meeting with the Chief Risk Officer.
• Maintain an ethical and responsible decision-making framework at Committee level and address any potentially unethical or dishonest situations or potential conflict of interest brought to his / her attention in a timely and efficient manner.
• Act as liaison between the Accounting Officer and Risk Committee. Provide overall leadership to the Committee without limiting the principles of collective responsibilities of Committee decisions. Running the 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 and maintain a good relationship with the secretariat to ensure that all tasks which were completed between the meetings are completed.