Manager: Combined Assurance & Intnl Cntr at Road Accident Fund

Purpose of the Job: Reporting to the Senior Manager: Assurance and Internal Controls, the successful incumbent is accountable for participating in the development of combined assurance policies, procedures, as well as to ensure the implementation and monitoring thereof. The role will also be responsible for carrying out the approved Combined Assurance Plan and Strategy.

Key Performance Areas

Combined Assurance 

• Coordinate the development of the Integrated Combined Assurance Plan.
• Evaluate combined assurance initiatives by assurance providers and link the reviews to the strategic risks and root causes.
• Track and monitor emerging and manifested risks.
• Keep track of all assurance providers' recommendations.
• Identify inconsistencies presented by assurance providers on the control environment through evaluation of existing and future controls, including identified control gaps. Monitor implementation of approved integrated combined assurance  plan and identify assurance coverage risks.

Quality Assurance and Management

• Perform Quality Assurance reviews on selected assurance work done by assurance providers.
• Analyse and evaluate the adequacy and effectiveness of assurance providers’ processes and procedures/ methodologies and recommend improvements to ensure effectiveness of monitoring and oversight procedures.
• Create an intergrated dashboard for combined assurance.
• Coordinate and implement of joint map results to provide a comprehensive perspective of all concerns for management to resolve.
• Conduct Combined Assurance reviews and impact assessment.
• Acquire and manage the combined assurance/ internal control system/ tool.

Internal Controls

• Recommend the design and implementation of effective internal system control to management and relevant parties.
• Coordinate the testing of key controls for RAF.
• Manage independent and objective assessments of internal controls, financial results, RAF processes and adherence to compliance requirements.
• Provide or coordinate advisory services to management and process owners on internal control requirements.
• Recommend improvements in procedures and systems in order to improve the internal control environment (maturity level) within RAF.
• Analyse risk registers to identify control gaps and recommend reviews by assurance providers.

Policy Review and Implementation

• Contribute to the development of Combined Assurance Framework, policies, procedures and guidelines;  and guide the process through the alignment of the documents to the overall RAF’s Strategy.
• Keep up to date with effective policy and practice execution strategies.

Reporting

• Prepare regulation reports as and when required to provide progress, updates, make recommendations to inform management decisions.
• Develop functional reporting systems, for management, projects or performance reporting.
• Prepare proposals, briefings, presentations, reports, and other documentation and provide management information both verbally and in writting.

Stakeholder Management

• Support relationship building with internal and external stakeholders to facilitate performance of assurance engagements and exchange of knowledge on assurance best practice.
• Build relationship with internal and external stakeholders to facilitate performance of assurance engagements and identify appropriate areas of management support.
• Mantain relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on time.
• Advise management on effective control measures, systems and fraud prevention measures.
• Represent the Fund in relevant external activities and events.

People Management

• Ensure the sourcing, development and retention of a high-performance team.
• Manage staff in the department to ensure that they achieve their objectives in line with the strategic objectives of the RAF.
• Manage the implementation of human capital processes and procedures to control/ regulate workplace conflict and/or institute corrective measures and consultation processes to address deviations from standards.
• Ensure capacity development of staff and identify appropriate developmental opportunities.
• Manage performance of staff, mentor and couch staff.

Qualifications and Experience

• Bachelor’s Degree/ Advanced Diploma in a Risk Management/ Governance/ Compliance/ Auditing related qualification.
• Post graduate qualification in a Risk Management/ Governance/ Compliance/ Auditing or related qualification will be an added advantage.
• Relevant 6 - 8 years working experience in a Risk Management/Internal Audit/Compliance/Governance/Monitoring and Evaluation/Combined Assurance and integration of different assurance processes related environment of which 2 years must have been on a supervisory level/ area of expertise/ management level.

Technical and Behavioral Competencies Required

• Communication.
• Network and alliances.
• Planning, organising and coordinating.
• Ethics and values.
• Change Management.
• Risk management.
• Stakeholder development and relations.
• Reporting.
• Sound knowledge of enterprise risk management, internal audit and combined assurance.
• Strong data mining analysis.
• Excellent report writing skills.
• Cura software and/or risk and audit softwares.
• Computer literate - knowledge of financial software packages and Microsoft office.