Manager: Enterprise Risk

The Road Accident Fund’s mission is to provide appropriate cover to all road users within the borders of South Africa; to rehabilitate and compensate persons injured as a result of motor vehicle accidents in a timely and caring manner; and to actively promote safe use of our roads.

Purpose of the Job: Reporting to the Senior Manager: Risk Advisory and Business Continuity, the successful incumbent is accountable for the management of risk and strategy in the designated business units in the RAF through the implementation of internal controls and identification and coordination of Risk and Strategy matters.

Key Performance Areas

Enterprise Risk

• Ensure that effective and efficient risk management policies, processes and strategies are drafted, implemented and maintained.
• Conduct and facilitate Risk management workshops with business units and assist with RAF Executive Team and RAF Board workshops.
• Assist with the preparation of the RAF strategic Risk register in line with King III guidelines and NT Risk management framework.
• Consolidate key business unit risks and relevant mitigation strategies and report to Senior Manager.
• Make recommendations on the implementation and refinement of appropriate Risk Management software.
• Quarterly risk management meetings to update RM mitigation strategies.
• Provide required information for the RMEC pack
• Attend tender evaluations/ specification for major tenders.
• Conduct risk assessment for major projects.

Monitoring and Evaluation

• Monitor the implementation of the RAF and business unit Risk mitigation strategies.
• Facilitate the development of a risk management culture which includes training of staff on risk management policies and practices.
• Maintain a register of control breakdowns and follow up on the progress being made by management in controlling risks for allocated business units.
• Monthly task status reports progress reports to Exco and completed task status reports to Internal Audit.
• Quarterly follow up and reporting on the strategic risk register to the RMC.

Policy Review and Implementation

• Contribute to the development and implementation of departmental policy, procedures and processes.
• Keep up to date with effective policy and practice execution strategies.

Reporting

• Ongoing reporting to the Senior Manager Risk.
• Timely submission of RAF Strategic and Operational Risks to Internal Audit on an annual basis (by March each year) for allocated business units.
• Annual reporting in respect of the Risk elements of the Annual report to CFO.
• Preparation and consolidation of RISK information to the Risk Management Committee on a Quarterly Basis.

Financial Management

• Ensure financial management of Risk Department.
• Ensure Policies and procedures contain appropriate internal controls.
• Ensure continuous improvement in internal controls.

Strategic Leadership

• Facilitate and direct Risk Management workshops and assist with RAF Executive Team and RAF Board workshops.
• Ensure that the Risk mitigation strategies are appropriate, implementable and associated targets are achievable for allocated business units
• Implement plans to align the objectives of the risk management department with the overall Strategic objectives of the RAF.
• Promote and engender the values and guiding principles in conducting RAF business.
• Develop, implement and manage sound corporate governance practices and policies within the RAF risk management environment.

Stakeholder Management

• Facilitate and manage communication with relevant internal and external stakeholders in relation to investments and proactively and progressively manage the relationships.
• Manage relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on time.
• Communicate with all levels of stakeholder contact.

People Management

• Ensure the sourcing, development and retention of a high-performance team.
• Manage staff in the department to ensure that they achieve their objectives in line with the strategic objectives of the RAF. Manage the implementation of human capital processes and procedures to control or regulate workplace conflict and/or institute corrective measures and consultation processes to address deviations from standards.
• Allocate, direct, motivate and evaluate subordinates to help them achieve their individual goals.

Qualifications and Experience

• Bachelor’s Degree/ Advanced Diploma in Risk Management/ Enterprise Management/ Commerce (majored with risk management) related qualification.
• Postgraduate in Risk Management/ Enterprise Management/ Commerce (majored with risk management) related qualification will be advantageous.
• Relevant 6 - 8 years’ experience in Risk Management/ Enterprise management related environment of which 2 years must have been on a management/ supervisory level/ area of expertise.
• King III and PFMA implementation.

NB: “RAF offers Total Employment Cost packages with no additional contributions from the Employer, successful candidates are required to structure their packages in a manner that will suit their needs”.

The Road Accident Fund subscribes to the principles of employment equity and preference will be given to People with Disabilities.

Applicants who have not received any correspondence from us within six weeks from the closing date can consider themselves unsuccessful

Security Vetting shall be conducted on all prospective employees

It is the applicants’ responsibility to have foreign qualification evaluated by the South African Qualification Authority (SAQA) and to provide proof of such evaluation.