Enterprise Risk Management Specialist - Cape Town at The National Student Financial Aid Scheme

RESPONSIBILITIES:

Policy, Systems & Procedure Implementation

• Support the enterprise risk unit, management and 1st line to identify and recommend the drafting of relevant policies applicable to the NSFAS environment.
• Support the development of business processes and systems that are aligned with NSFAS environment policies.

Core Objectives Implementation

• Effectively implement the Enterprise Risk Strategy, Policy, Framework, and Implementation Plan.
• Develop and manage administration to support the ERM Strategy, Policy, Framework and Plans
• Develop and build a network relevant to deliver on the core mandate of the RLC Business Unit.
• Assist in developing overarching governance, risk and compliance policy frameworks, templates, and standards as required.
• Work across the RLC Business Unit to strengthen the unit overall and contribute to its overall success.
• Assisting with the implementation and maintenance of all relevant risk frameworks and policies.
• Facilitating and supporting Business Units Risk Committees.
• Facilitating strategic and operational enterprise risk identification workshops and Business Unit meetings.
• Coordinating the maintenance of Business Units risk registers and reporting.
• Compiling and maintaining the Enterprise Risk Registers for Principal and Operational risks.
• Serving as the central liaison for risk champions.
• Analysing large data sets and formulating concise information for decision making.
• Administration of risk acceptance and policy deviations processes.
• Conducting enterprise risk assessments and risk reviews.
• Monitoring Business Unit risk exposure in comparison to enterprise risk appetite and tolerances.
• Compiling monthly Business Unit Risk Profiles.
• Compiling Quarterly reports as required.
• Compiling monthly and quarterly enterprise strategic and operational risk profiles.
• Monitor the enterprise risks and manage as appropriate.
• Administer the action and remedial plans of business units and ascertain compliance for the NSFAS environment.
• Facilitate workshops/training programmes that aim to establish a risk aware culture and framework in our policy and process environment.
• Maintain Business Continuity, Disaster Recovery, and Incident Management.

Performance Management & Ethics

• Ensure your performance contracting and review process follows policy and timeframes.
• Set, control and report on key performance areas and performance contracts.
• Coach, mentor, and train the team and develop reports for performance improvement, career progression and recognition purposes.
• Maintain compliance, consistency, and take corrective action when needed.

Stakeholder Engagement & Relationships

• Participate in the liaison with all stakeholders on risk and compliance matters.
• Participate in the resolution of stakeholder queries and complaints in line with policies and procedures.

Project Facilitation & Implementation

• Support the compilation of compliant strategy, policy, procedure, framework, and plan documents.
• Support and coordinate the consolidation of compliant reports as required.

Budget optimisation

• Provide inputs to the risk and compliance components of the annual budgeting and expenditure process of the planning unit activities and projects.
• Assist in expense management and efficient budget utilisation as required.

Audit, Compliance Monitoring & Evaluation.

• Assist in monitoring and resolution of internal and external audit findings and recommendations and tracking to resolution.
• Ensure the compliance of internal and external audits of ERM and implementation of audit findings/ recommendations.
• Implement identified key controls and established risk mitigation procedures as per ERM Policy, Strategy, Framework and Plan or as required.
• Support the compilation, evaluation, and analysis of organisational reports in line with the ERM framework.

Information & Knowledge Management

• Collaborate with stakeholders to build systems that enable the management of data obtained from different sources.
• Collaborate with stakeholders to use their experience, education and understanding to obtain knowledge from this information.

Reporting & Accountability

• ERM activities and changes in Risk Profiles or Operations.
• Integration of Business Intelligence and KRIs into ERM and generating appropriate reports.
• Enterprise strategic and operational gaps, interventions, and status of ERM
• The operational plan and implementation progress.
• Internal and external audit and risk findings, recommendations, and Remediation Actions.

​DESIRED SKILLS AND EXPERIENCE 

Minimum requirements:

• NQF Level 6 in Risk Management, Compliance, Business, Commerce, Law, or related fields
• Risk Management Certification or qualification.
• Computer literacy – Intermediate MS Package Suite
• Driver’s License
• 3-6 years’ experience in a similar role in risk and compliance in the public service and/or private enterprise.
• Knowledge of prescripts, policy, and practices applicable to risk management, compliance monitoring and governance.
• Knowledge of business operational processes and ability to refine for continuous improvement.
• Knowledge of PFMA and relevant legislation.
• Experience in developing and implementing policies, strategies, and frameworks and plans.
• Experience in supporting and/or chairing governance committees.
• Project Management Skills
• Ability to work individually and as a part of a team.
• Good interpersonal skills and communication. 

Preferred

• +7 Years’ experience in a similar role in the public service and/or private enterprise.
• Experience in 2nd line Functions.
• Experience in supporting, guiding challenging and leading 1st line functions.
• Advanced project and policy management
• Advanced Risk and Compliance knowledge and experience.
• Technology and ICT experience.
• Financial systems, designs, and experience.