Independent Risk Management Committee Chairperson Remuneration at Mpumalanga Department Economic Development and Tourism

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.