Senior Manager: Risk And Commpliance at The National Student Financial Aid Scheme(NSFAS)

POSITION OVERVIEW:

• The Risk and Compliance Senior Manager is responsible for overseeing the organisation’s risk management and compliance functions, ensuring that the organization operates within the bounds of the law and mitigates risks. This role serves as a trusted advisors to senior management, providing strategic guidance and support to ensure the organisation’s compliance with relevant laws and regulations.

RESPONSIBILITIES:

• Risk Management
• Develop and implement risk management strategies to protect the organisation’s interests.
• Collaborate with cross-functional teams to integrate risk management into organizational processes.
• Identifying potential risks (strategic, operational, etc.) that could impact the organization.
• Evaluating the likelihood and impact of identified risks and prioritizing them based on their severity.
• Developing and implementing plans to mitigate or manage risks, including contingency planning.
• Continuously monitoring risk exposure and effectiveness of risk management strategies.
• Reporting risks to management.
• Ensuring the organization is prepared for, and can effectively respond to, crises or unexpected events
• Compliance
• Ensuring that the organization adheres to all relevant laws, regulations, and industry standards.
• Policy Implementation: Developing and enforcing internal policies and procedures to maintain compliance.
• Internal Compliance Auditing and Monitoring: Conducting regular audits and reviews to ensure that compliance is maintained and identifying areas of improvement.
• Providing employees and relevant stakeholders with the necessary training to understand and comply with regulations and policies.
• Keeping accurate records of compliance activities and reporting non-compliance or breaches
• Compliance Impact and Reporting
• Report on all risk and compliance activities at agreed intervals
• Collate integrated reported for the unit
• Collaborate with respective line managers to bring risk and control measures in their respective areas

DESIRED SKILLS AND EXPERIENCE
Minimum requirements:

• NQF Level 8 in Risk Management, Audit, or related fields
• Enterprise Risk Management Certified Professional (ERMCP) or equivalent
• Computer literacy – Intermediate MS Package Suite
• Driver’s License
• 10 years’ experience of which 5 should be at managerial position in a similar role in the public service
• Thorough understanding of ISO 31000 and COSO Framework
• Knowledge of Risk Management process design, development, implementation and maintenance
• Knowledge of business operational processes
• Knowledge of Risk Based auditing
• Knowledge of PFMA
• Knowledge in Crisis Management and Business Continuity planning
• Public Sector Compliance Management

Preferred

• NQF Level 9 in Risk Management, LLB, Audit, or related fields
• Computer literacy – Advanced MS Package Suite
• 15 Years’ experience in public procurement of which 10 years should be at the management level

Skill and Competencies:

• Strategic and visionary
• Project Management
• Interpersonal Skills
• Data Analysis
• Presentation Skills
• Goal orientation skills
• Influential and advocacy
• Systems and IT flair
• Stakeholder Management
• People Management