Independent Risk Management Committee Chairperson Remuneration at Mpumalanga Department

JOB SUMMARY

The applicant should, inter alia, have expertise, knowledge, and exposure in the relevant area in order to: 

• Provide strategic oversight and guidance on Risk, Compliance Management skills and functions; Assist the Accounting Officer in fulfilling its oversight responsibilities with regards to Risk Management within the organisation; 
• Assist in providing oversight on the review and monitoring the implementation of risk management framework, policy, Terms of Reference (charter) and strategy within DCSR; 
• Provide guidance on integration of risk management into planning, monitoring, and reporting processes; 
• Provide advice/ guidance on setting risk appetite and review risk appetite, tolerance levels, and anti-fraud measures; 
• 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). 
• Oversee and discharge responsibilities as contained in the Audit, Risk and Performance Committee Terms of Reference (Charter) on a quarterly, ad hoc and annual basis.

MINIMUM EDUCATIONAL QUALIFICATION AND EXPERIENCE 

• Applicants should be in possession of a relevant Bachelor’s Degree at NQF level 8 in Risk Management or Business Administration.
• An active member of the Institute of Risk Management (SA).CA/MBA will be an added advantage.
• The ideal candidate should have ten years of Risk Management experience, preferably in the Public Sector.
• The Candidate must be an independent external person, with excellent knowledge of Risk Management, Corporate Governance, the Public Finance Management Act and Treasury Regulations, Enterprise-Wide Risk Management (EWRM) COSO Enterprise Risk Management and Public Sector Risk Management Framework.