Risk and Compliance Manager at EarthStream

Risk and Compliance Manager 

We are seeking a Risk and Compliance Manager, based in Johannesburg, working for a leading Oil company.

Reports to the Financial Director. The role of the Risk and Compliance Manager is to ensure that the business interest is managed through effective processes and controls thus minimizing the Company risk. The Risk and Compliance Manager ensures good corporate governance, the application of compliance principles and ensures that the company is compliant with internal and external regulatory requirements.

Experience and Expertise  

Qualifications:

• Certified Internal Auditor (CIA) or CA(SA) ideally, with at least 5 years post articles experience

Other:

• 3 years’ experience in Internal Auditing at a management level
• Experience in delivery and management of outsourced service providers will be advantageous
• Work experience in any of the following sectors; Petroleum/Energy, Engineering, Production/ Manufacturing, Industrial
• Knowledge of external leading risk and controls frameworks such as COSO and ISO 31000

Key Accountabilities

• Responsible for the Enterprise Risk Management
• Co-ordinates the implementation of the compliance framework and the annual compliance program, testing the effectiveness of the control model and identifying training needs in key risk areas.
• Embeds risk management and interventions into deficiencies, conducting control reviews and ad-hoc investigations, and making advanced recommendations to improve the detection, prevention and remediation of control weaknesses and fraud.
• Conducts reviews to provide assurance that internal and external audit issues are addressed timeously and resolved, identifying significant financial reporting risks and ensuring that effective mitigation plans are in place.
• Systematic system of Internal Control and Compliance
• Co-ordinates the development and implementation of any new control procedures and ensures that they operate successfully.
• Manage the Credit Management outsource service provider and the applicable Interfaces
• Manage Credit Exposure within agreed / acceptable parameters
• Single Point of Accountability for On-Road Offer Processes and Controls
• Single Point of Accountability for Tender procedures and compliance ito policy

Enterprise Risk Management and Mitigation

• Annual review of the Enterprise Business and Control risks
• Develop in-year Risk Priority Plan and ensure all items / actions are closed

Control

• Overall responsibility and coordination of the Assurance and Risk Committee and the Internal Control Committee
• Provide key inputs into the Audit Committee meetings
• Responsible for Control breakdown investigations (BCIR’s) and closing of resulting actions
• Planning and Coordination of Internal Audits

Compliance

• Ensure strict compliance to the Counterparty due Diligence process and manage SLA with outsource service provider
• Overall responsibility for the Enterprise Control Dashboard and closure of any actions or escalations

Manage the Credit Management outsource service provider

• Coordinate Monthly Review Meetings and ensure actions are closed
• Coordinate Quarterly Performance reviews and ensure SLA’s are complied with

Credit Exposure

• Manage Credit Exposure within agreed / acceptable parameters

On-road offers

• Define, design and maintain the key KPI’s, Controls and Management Reports (MI) on monthly basis to ensure effective operation of the back-office support

Procurement Tender Procedure

• Participate in all tender processes and ensure compliance to the Policy

Additional:

• Interface with National Sales Managers, New Business Development teams, Heads of Strategy of Strategy and HR, and existing & new customers
• Establish a high level of credibility and manage strong working relationships with external parties, including key customers
• Interfaces with external service providers on best practice delivery and adoption