Independent Risk Management Committee Chairperson at Public Protector South Africa

Requirements

• A minimum of a Post-Graduate Degree in Internal Auditing, Risk Management, BCOM, Law, BCOM Law and Management or Business Administration is a requirement.
• The ideal candidate should have 10 years management experience gained from Strategic Management, Risk Management and/or an Auditing / Financial, Anti-Fraud and Corruption environments, preferably in the public service. Previous experience of serving in the Risk Management Committee and/or Audit Committee will be an added advantage.
• The ideal candidate must be an independent thinker, with excellent knowledge of the Risk Management, Corporate Governance, Public Finance Management Act and Treasury Regulations, Enterprise Wide Risk Management (EWRM), COSO model and Public Sector Risk Management Framework and must not be an employee of the Public Protector South Africa or employed in the Public Service.

Duties and Responsibilities

• Provide oversight on the review and monitoring the implementation of risk management framework, policy, charter and strategy within the PPSA.
• Provide guidance on integration of risk management into planning, monitoring and reporting processes.
• Provide advice on integration of risk management into daily operations of the institution;
• Provide advice / guidance on setting risk appetite and review risk appetite, tolerance levels, and antifraud 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 accurate 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).
• Measure risk management performance against indicators, which are periodically reviewed for appropriateness.
• Periodically measure progress against, and deviation from, the risk management plan.
• Periodically review whether the risk management framework, policy and plan are still appropriate, given the organisation's external and internal context;
• Report on risk, progress with the risk management plan and how well the risk management policy is being followed and review the effectiveness of the risk management framework.