Risk Specialist at Nelson Mandela Bay Metro

Qualifications and experience required:

• A Bachelor’s degree (NQF level 7) in Accounting, Auditing, Economics and Finance.
• A minimum of five years’ appropriate experience in an internal audit or enterprise risk management environment, preferably in the public sector.

Key attributes and competencies:

• Sound interpersonal, verbal and written communication skills.
• Working knowledge and a good understanding of the Public Sector Risk Management Framework, COSO Enterprise Risk Management Framework, COSO Internal Control Framework, King 4 Report on Corporate Governance, and Batho Pele principles.
• Knowledge of the IS0 31000 Standard on Risk Management and local government legislation (will be an additional recommendation).
• Experience in the implementation of an electronic risk management system.

Job purpose:

• Performing risk management activities in accordance with all relevant legislation, policies, regulations and guidelines.
• Implementing the institution's Risk Management Policy and Anti-fraud and Anti-Corruption Strategy.
• Maintaining relationships with other risk management functions and assurance providers.
• Facilitating risk management skills transfer within the institution.
• Monitoring whether the strategic planning and budgeting objectives, as well as the key performance indicators, are consistent with risk appetite and tolerance levels.
• Facilitating and overseeing the risk identification process, in line with the objectives and key success factors of the directorates.
• Facilitating and overseeing the compilation of risk registers and recording identified and inherent unidentified risks.
• Consolidating different risk registers into a centralised document.
• Monitoring the effectiveness and adequacy of existing controls.
• Facilitating the processes of evaluating and assessing identified risk, as well as the adoption of an appropriate risk response strategy and assigning ownership for risk responses.
• Evaluating control interventions and assessing the results thereof to manage risk exposures within acceptable limits.
• Compiling reports on emerging and existing high-risk incidents and the effectiveness of the risk management system.
• Compiling a review of the risk profile of the institution and reporting on its impact on achievement and non-achievement of objectives.
• Monitoring the implementation of recommendations made by assurance providers.
• Monitoring and researching changes in risk management legislation and international standards to identify best practices