Risk And Compliance Manager

The Mining Qualifications Authority (MQA) is a Sector Education and Training Authority (SETA) that facilitates skills development training in terms of the Skills Development Act 97 of 1998, under the Department of Higher Education and Training (DHET).
The MQA also supports mine health and safety for the mining and minerals sector in terms of the Mine Health and Safety Act 29 of 1996, under the Department of Mineral Resources and Energy (DMRE).
Role purpose
Reporting to the Chief Risk Monitoring and Evaluations Officer (CRMEO), this role is responsible for managing risk, fraud, auditing, and compliance including developing and implementing appropriate supporting methodologies and frameworks, policies, and processes relating to the MQA.
Key performance areas
Risk Management:
? Develop and oversee Risk Management Policy for the MQA. ? Assist the organisation in the development of the strategic and operational risks and mitigating measures. ? Ensure compliance with the policies and procedures pertaining to the organisation. ? Prepare the strategic and operational risk report. ? Perform oversight on the assessment of the MQA control environment ? Facilitate the establishment and monitoring of risk appetite.? Risk assessments facilitation ? Service the risk registers throughout the financial year. ? Ensure effective management of the execution and coordination of risk management programmes within MQA. ?Safeguard the MQA's assets, reputation and the MQA stakeholder interests. ? Implement a risk management system. ? Ensure compliance with the risk management strategy and other policies and processes. ? Support the management of relevant units in identifying mitigating controls to identified risks. ? Identify current/actual and emerging risks through evaluating both the internal and external risk environment on a continuous basis. ? Prepare reports to Board and Committees through the CRMEO.
Compliance:
? Develop a compliance framework for the organisation in view of legislative prescripts and other good corporate governance documents. ? Develop, follow up and maintain compliance registers.
? Prepare reports for Audit and Risk Committee (ARC)/Finance Committee and Board through the CRMEO.
Fraud Management:
? Design a Fraud Management Strategy. ? Devise roadmaps, frameworks and structure related to the prevention and detection of fraud. ? Design strategies and techniques to continuously monitor fraud risk. ? Develop Fraud Risk Management policies and procedures. ? Develop Fraud Risk Assessment Reports/Matrix. ? Prepare and implement fraud risk action plan. ? Provide training to MQA staff on fraud risk management best practices to enhance fraud risk awareness/culture to improve prevention and detection measures. ? Procure and manage a fraud hotline service provider. ? Assess the nature and status of each report where appropriate. ? Assess whistleblowing reports and institute investigations where appropriate. ? Co-ordinate investigations through external forensic investigations and recommend to management remedial action required. ? Assist the organisation to implement investigation recommendations. ? Follow up, investigate, and close all incidents reported to the MQA fraud hotline as well as on other platforms. ? Prepare reports for Committees and Board through the Acting Chief Executive Officer.
Internal Audit Management:
? Develop an internal Audit Findings register, follow up, and report on the internal audit status. ? Establish and maintain the relationship between the audit firms and the MQA for effective auditing processes. ? Procure and manage internal audit service providers. ? Co-ordinate and monitor any other internal audit related activities. ? Assist to ensure a reduction in the overall number of audit findings. ? Ensure efficient document management. ? Facilitate the submission of responses to audit queries and ensure the availability of information for audit purposes. ? Manage the preparation and submission of documentation to the internal auditors. ? Prepare reports to Committees and Board through the CRMEO.
External Audit Management:
? Monitor progress on the implementation of the Auditor General's (AG) recommendations. ? Assist the organisation to ensure a reduction in the overall number of audit findings ? Develop AG management letter findings register. ? Assist in the preparation and submission of documentation to theexternal auditors. ? Prepare reports to Committees and Board through the CRMEO.
Corporate Governance:
? Implement policies, procedures and systems pertaining to the business unit deliverables. ?Develop, seek approval, and communicate the unit's process flows and ensure compliance. ? Prepare reports in line with the MQA's governance framework and submit to the relevant structures. ? Create a centralised document management system for managing the unit's documentation, contracts, and reports. ? Ensure all internal and external stakeholders are receiving accurate and timely information. ? Compile and present detailed monthly reports to the CRMEO and the Audit and Risk Committee/Finance Committee (quarterly) on audit, risk and compliance profiles of the respective business units, detailing the risk exposures of each unit against appetite and tolerance levels as well as the action to be taken against identified risks. ? Provide feedback to the CRMEO monthly based on the status of audit, risk and compliance profiles of business units. ? Provide support to line managers on the status of the implementation of audit findings and report progress to the CRMEO and the Audit and Risk Committee. ? Prepare the strategic and material operational risk report. ? Facilitate the co-ordination of efforts to ensure the adequacy and effectiveness of the combined assurance approach.
Financial Management:
? Compile the unit budget for approval. ? Manage all costs in line with the budget. ? Investigate and action any items of over expenditure. ? Review the monthly expenditure and explain and/or act on all areas of discrepancy.
Internal Business Process:
Implementation of a Quality Management System.
People Management:
? Set the unit deliverables and assign functions in line with reporting lines. ? Manage the Risk, Monitoring and Evaluation Unit team's performance. ? Ensure the development, guidance, and empowerment of the team to deliver on unit targets. ? Ensure that the performance contracts are in place prior to the beginning of each financial year in line with the unit's strategy and plans. ? Measure, manage and monitor the performance of the team.
Job Requirements:
Key requirements:
Qualifications, experience, and competencies
Qualifications:
A relevant bachelor's degree or equivalent at a (NQF level 7) in the fields of Finance or Commerce,
Audit, Compliance and or Risk Management.
An Honours degree or an equivalent (NQF Level 8) qualification in the abovementioned fields will be an added advantage.
Certified Internal Auditor (CIA), Certified Risk Management Auditor (CRMA), Certified Control Self Assessor (CCSA), and or Certified Fraud Examiner (CFE) will be an added advantage.
**Experience**:
A minimum of seven (7) years' experience within the risk and compliance environment, of which five (5) years must be at management level in a similar environment.
Competencies:
Knowledge
? Exceptional knowledge of risk management principles and internal audit principles and concepts and the relevant policies, legislation and regulations that govern them. An in-depth understanding of the risk management and compliance principles. An in-depth understanding of general auditing processes. Possess a good understanding of good governance. Possess knowledge of risk and compliance methodologies. Possess knowledge of the mining and minerals sector. Have an understanding of South Africa's government wide risk management and compliance framework. Possess knowledge of relevant legislation. Possess knowledge of FAIS, LTIA, STIA, FICA, NCA, PPR.
Competencies:
**Skills**:
Negotiation skills. Computer literacy. Report writing skills. Administrative skills. People skills. Ability to pay attention to detail. Strong level of accuracy. Good communication skills. Good organisational and time management skills. Good presentation skills. Good facilitation skills.
Competencies:
Attributes:
People orientation. Perseverance. A team player. Integrity.
Work under pressure inclusive of longer than normal offices hours if required. Work with a variety of internal and external stakeholders. Travel away from home if required. Engage in a lifelong learning process relative to the context of the workplace.