Risk and Audit Manager at Discovery Limited

Key purpose

• The purpose of this role is to drive key team deliverables with a focus on accuracy and completeness, while embedding technical expertise and providing daily support to the business. The role includes reviewing deliverables, offering daily guidance, and supporting team members to achieve the function’s mandate in line with the strategy defined by the Head of Department. The successful candidate will assist in coordinating Risk Management for the entire Discovery Health portfolio and ensure effective coordination between external audit and the business.

Areas of responsibility may include but not limited to:

• Understand all key deliverables required across the Risk and Audit portfolio in line with the defined strategy for the year, risk frameworks, audit standards, DLP rules, and GRM deadlines.
• Review all key deliverables prior to HoD review and sign-off in line with the defined mandate for the function.
• Highlight and raise red flags to the HoD in line with the defined risk appetite for key items within Health.
• Coach, mentor, and support the team with daily activities, guidance, email reviews, solutions, and technical steer as required to ensure accurate deliverables.
• Attend meetings with the team to drive and steer conversations that align with the relevant risk methodology, DLP rules, and audit standards in place.
• Assist the HoD with any key ad hoc tasks to support the function as required.
• Foster and build positive relationships with Health stakeholders by displaying excellence in the delivery of work efforts.
• Perform key analytics for the function to highlight key areas of focus for risk and audit deep dives within Health.
• Address escalations by applying logic and discernment and present a plan of action to the HoD for review before implementation.
• Monitor and report all material risks and risk information is reported to the relevant Excos/Committees/Management forums/ stakeholders.
• Create risk reports and ensure consistent delivery of the risk reporting requirements
• Draft risk report for the Risk Exco, facilitate and manage the process of reviewing the risk information with relevant stakeholders such as the CEO of the Business and 2nd line risk management function
• Embedding and implementation of the ERM Policies, Frameworks, Standards and Guidelines into the business and ensuring that requirements are met.
• Ensure risk and controls assessments are performed on risks identified / reported
• Ensure follow ups with management/relevant stakeholders where required, such as open action plans, breached KRIs, risk incidents, risks are performed, and risks are reassessed where required
• Develop, monitor and report on key risk indicators on a regular basis.
• Ensure that risk events are reported on and provide a detailed analysis of the event including the qualitative and quantitative impact.
• Manage and maintain the risk profiles of the Discovery Health businesses to ensure the information on the profiles are up-to-date, relevant and an accurate representation of the business environment. This includes that management and maintenance of the risk information on the risk management system
• Providing technical risk management support in business meetings, and risk reviews.
• Promote a strong risk management culture within the business through engagement, challenge of risk information.
• Supporting and guiding staff.

Personal Attributes and Skills

• Communication Skills (written and verbal)
• Relationship building
• Flexible and adaptable
• Critical thinking and analytical skills
• Deadline driven
• Team player

Education and Experience

Education

Essential

• B com Degree/ with Risk Management and or Auditing as a subject.

Advantageous

• Postgraduate risk qualification

Work Experience

• 5 - 10 years’ work experience of similar tasks/ similar environment as Discovery Health
• Experience of leading teams of professional staff.
• Relevant legislative knowledge, i.e., Medical Schemes Act, PoPI, etc.
• Understanding of the Discovery Health business
• Working with administrative tasks across numerous stakeholders and concurrent activities