Senior Risk Officer at TCTA (Trans-Caledon Tunnel Authority)

 Risk Governance

• Contribute to the development and annual review of risk management policies and frameworks including risk management plan, risk appetite and tolerance framework, Business Continuity Management Programme and Fraud policy.

Risk Identification

• Continuously identify enterprise -wide risk exposures
• Assess risk rating against control adequacy.
• Ensure that all projects’ risk exposure is identified, quantified, documented, and communicated.
• Adopt a proactive approach in recommending and utilising international best practice.

Risk Management

• Research, evaluate and recommend risk management and mitigation steps.
• Facilitate divisional integration where risk exposures and mitigation responsibility overlap between divisions.
• Oversee risk management reporting including the use of information technology.
• Evaluate the risk assessment performed by Risk Owners within the Divisions to ensure that these are an accurate representation of the risk profile of the Division.
• Identify and analyse the correlation between risk drivers and control failures.
• Develop and maintain enterprise-wide risk profile. Monitoring of key risk indicators and reporting against risk appetite and tolerance thresholds.

Risk Compliance

• Test Compliance against Risk Policy
• Challenge the mitigation or control measures applied by the Division or Department in mitigation risks where necessary.
• Ensure that risk mitigation actions are timeously implemented, and non-conformances are reported to the Risk Manager and Chief Risk Officer,
• Develop a risk awareness culture at TCTA.
• Contribute to the Combined Assurance Initiative to enhance internal control environment.

Reporting

• Develop, maintain, and regularly update Divisional and Departmental risk registers.
• Prepare Risk Assessment Reports for Divisions.
• Provide risk dashboards to the Risk Manager and Chief Risk Officer highlighting key risk issues and mitigation measures.
• Provide timeous and accurate input to the risk management reports to the Risk Manager and Chief Risk Officer

Business Continuity Management

• Facilitate Business Impact Assessments for Business Units.
• Ensure that Divisional/departmental and organisational wide BCP is updated and tested on a regular basis.

Fraud Risk Management

• Conduct Fraud Risk Assessments.
• Monitoring implementation against fraud prevention plan.

Treasury risk Management

• Proactive monitoring, reporting of exposure and making recommendations for the following risks:
• Liquidity risk to ensure there is sufficient cashflow for the project.
• Interest rate risk – check if exposure is within limits approved as per policy.
• Ensure that transaction is within approved borrowing limits. o Currency risk if within policy
• Credit/ counterparty risk (default and settlement, check if exposure is within limits.
• Review of counterparty limits.
• Operational risks, ensuring compliance to the DOA and ensuring segregation of duties between Back, Middle and Front Office.

Risk Finance

• Ensure that risk financing is complete and cost efficiently structured.
• Claims administration.

Networking and best practice

• Build strong working relationships with internal clients.
• Participate in the risk management workshops towards continuous improvement.
• Ensure related policies, procedures are aligned to best practice.

Requirements
Minimum Qualification Required

• B Degree Economics/Commerce or equivalent

Minimum Experience Required 

• 8 years risk management experience.

Desirable criteria:

• Water sector and SOE exposure.
• Treasury and project risk management experience will be advantageous.
• Knowledge of risk management software will be advantageous.