Senior Specialist: State-Owned Companies (SOC) Risk Profiling Mitigation at Department of Transport

REQUIREMENTS :

• An undergraduate qualification (NQF 7) as recognized by SAQA in Risk Management / Auditing / Law / Accounting / Business Management with 5 years relevant experience at a senior managerial level in risk management, fraud risk or internal auditing

DUTIES :

• Manage the development and maintenance of the Shareholder’s Risk Management Governance Structure, framework, policies and Instruments; Develop institutional capacity for the performance of independent Shareholder’s risk management function, including policies and instruction; Review, design develop and implement the Shareholder’s risk management policies, strategies and practice notes for the SOC Group. Manage and coordinate the implementation of Shareholder’s enterprise wide risk management framework;
• Manage oversee and account for the development and implementation of the SOC Risk Management Plan; Provide technical support during individual SOC performance review sessions. Oversee and coordinate fraud and anti-corruption measures in SOC’s short, medium and long term risks associated to SOC operations and planned transformation and business enhancement projects.
• Oversee and direct the development of a SOC fraud prevention and anti-corruption policy framework, strategy and instruction; Coordinate special investigation initiated by the shareholder related to allegations of major non-compliance with anti-corruption, fraud and ethics standards by SOC Boards and report thereon. Development and implement a risk assessment framework to assess applications by SOCs for financial instruments requiring the approval of the Shareholder. Analyse applications by SOCs in the Group for financial instructions with a view to define the shareholder risk profile/exposure;
• Direct at a technical level and in collaboration with the management structures of the relevant SOC and counterparts in National Treasury develop mitigation strategies to address the identified shareholder risk. Coordinate and advise the shareholder on risks associated with board resolutions and mitigation strategies for resolutions outside the entity’s founding legislation. Develop and manage a resolution risk register for all entities and advise shareholder on the risks associated with unlawful resolution; Advise shareholders of any risk that could impact business operations and strategic goals; Manage the resources of the Chief Directorate.