Snr Officer: Comb Assurance & Intnl Cntr

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 Manager: Combined Assurance and Internal Control, the successful incumbent is responsible for the implementation of assurance and internal controls to ensure the integrity of operations, financial and accounting practices within the Fund. The job incumbent will also be required to identify, quantify and Genasys risks as well as develop risk mitigation plans.

Key Performance Areas

Combined Assurance

• Cordinate the development of the Combined Assurance plans for the designated area of responsibility or processing centres.
• Conduct assessments of interdependencies and overlap between various combined assurance providers and potential tradeoffs.
• Implement a combined assurance governance framework in the designated area of responsibility or processing centre.
• Coordinate Combined Assurance and internal control activities in the designated area of responsibility or processing centre.
• Planning, monitoring and quality review of assurance work done at the designated area of responsibility or processing centre.
• Maintain a Combined Assurance dashboard of overdue and repeat findings from all the assurance providers.

Internal Control

• Assist the Manager: Combined Assurance with coordination of internal controls activities in the designated operational area or processing centre.
• Assist with identifying, quantifying and prioritising risks and recommending appropriate risk mitigation plans.
• Assist with reviewing and analysis of operational procedures to identify potential control risks and failures introduced through standard operating procedures and to recommend control improvements.

• Assist management to develop control improvement plans, key controls and indicators to pro actively identify potential control failure.
• Monitor progress against the implementation of control action plans in response to combines assurance reviews and Key Control Indicators on a regular basis to reduce the risk of control failures.
• Develop quarterly trend analysis reports.
• Continuously monitor any internal errors to ensure that issues are resolved speedily by management.
• Participate in assurance activities of the designated area of responsibility or processing centre to identify potential non compliance or by-passing of control procedures e.g. BSC, BEC etc.

Reporting

• Contribute to the preparation and submission of Regulation reports.
• Aid in the development of functional reporting systems, for management, project or performance reporting.
• Report regularly and periodically perform necessary submissions as and when required to provide progress updates and/or inform management decisions.

Stakeholder Relations

• Aid in proactive and progressive relationships with key stakeholders.
• Deal with inquiries and requests for information from both internal and external stakeholders.
• Aid in the maintenance of relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on time.

Qualifications and Experience

• Bachelor’s Degree/ Advanced Diploma in Risk Management/ Governance/ Compliance/ Auditing related qualification.
• Relevant 4 years’ experience in a Combined Assurance/ Risk Management/ Internal Audit/ Internal Controls related environment.

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.