Risk and Compliance Officer - Durban at Mancosa

Description
Key Responsibilities: 

• Develop a comprehensive risk management plan that outlines strategies for identifying, assessing, and mitigating risks to the organization. Furthermore, ensuring that the risk management plan is regularly reviewed and updated to reflect changes in the organization's risk profile
• Conducting risk assessments to identify and evaluate potential risks to the organization and departments
• Updating the current risk register that identifies all potential risks to the organization
• Ensuring that the risk register is regularly reviewed and updated to reflect changes in the organisation's risk profile
• Developing and implementing mitigation strategies for all identified risks
• Communicating risk information to the Risk Management Committee and relevant stakeholders, including senior management, the Board of Directors, and external regulators as required
• Ensuring compliance with regulatory requirements, internal policies, and industry standards
• Designing and delivering training programs to educate employees on compliance and risk management matters
• Investigating compliance issues and recommending corrective actions as needed
• Collaborating with cross-functional teams to identify opportunities for process improvements and risk reduction
• Keeping up to date with changes in laws, regulations, and industry standards that may impact the organization's risk and compliance posture
• Identifying procedural gaps and risk areas within business processes
• Collaborating with operational and academic staff to establish internal mechanisms by which to mitigate risks and develop policies, procedures, standards, and systems surrounding the risks
• Provide input on the development of the QMS and Risk Management components of the QMS Ecosystem are blueprinted, with accompanying matrices and forms
• Ensuring that the QMS is regularly reviewed and updated to reflect changes in the organization's risk profile, regulatory requirements, and industry best practices
• Generate departmental reports at specific annual intervals
• Organise and conduct meetings and presentations, develop appropriate templates for meeting documents, collate information generate meeting packs, and record minutes of the meetings
• Filing of reports with the appropriate annexures
• Develop forms and templates for utilization within the institution
• Partaking on special projects and committee requirements, contributing to preparations for regulatory procedures including institutional audits, site visits, responding to conditions

Minimum Requirements
Qualifications:

• Bachelor's degree in a relevant field, such as business, law, or risk management
• Having a professional certification in risk management or compliance is advantageous

Experience:

• A minimum of 3 years working experience in an internal audit and risk management environment, preferably in the Higher Education sector

 Additional favorable Characteristics/ traits:

• Working knowledge of the King IV Code of Corporate Governance
• Strong knowledge of relevant laws, regulations, and policies, and ability to interpret and apply them to the institution's operations
• Excellent analytical and problem-solving skills, with the ability to identify potential risks and develop strategies to manage and mitigate them
• Strong communication and interpersonal skills, with the ability to build relationships with internal and external stakeholders and effectively communicate complex issues to a variety of audiences
• Experience developing policies and procedures, conducting risk assessments, and managing compliance and risk management programs
• Ability to work independently and as part of a team, and to manage multiple projects and priorities simultaneously
• Strong attention to detail and organizational skills

 Special conditions:

• Willingness to work overtime when required
• Willingness to travel when required

Desired Skills:

• Attention to Detail
• Problem-Solving
• Strategic thinking