RISK AND COMPLIANCE OFFICER

Identify and assess risks within the company environment in collaboration with Manager.

REQUIRED MINIMUM EDUCATION

• Relevant Bachelor’s Degree
• Registered with professional bodies (such as the Compliance Institute and/or Institute of Risk Management).
• Professional Body qualification/s(advantageous)

REQUIRED MINIMUM WORK EXPERIENCE

• At least 5 years job-related experience

REQUIRED REGULATORY EXAMINATION

• RE3 & RE5

Implement risk management practices

• Identify and assess risks within the company environment in collaboration with Manager.
• Provide recommendations into the risk management action plan.
• Implement the risk awareness plan, as agreed by Management.
• Assist in reviewing risk strategies, ensuring alignment line with the company objectives.
• Maintain and compile a risk register to inform risk management decisions.
• Verify management action plans and follow up on outstanding management actions.
• Identify gaps on policies and procedures and recommend mechanisms to alleviate them.
• Monitor the effectiveness of the Risk Committee and risk champions within the the company.
• Update the operational risk control matrix on a quarterly basis.
• Compile risk and control reports quarterly, providing accurate information by due date.
• Compile enterprise risk scorecard report, based on information gathered.
• Implement enterprise risk scorecard, following up with the relevant stakeholders to achieve stipulated objectives.
• Undertake risk assessments to determine the the company’s current risk exposure
• Conduct training/risk awareness of employees in the use of risk management tools and techniques.
• Provide risk assurance on business processes.
• Monitor compliance of the Fund’s Enterprise wide risk management policy, following up appropriately on issues identified.
• Follow up with the respective Unit Head to ensure each department‘s strategy incorporates risk management principles.
• Ensure incident management procedures are in place and risks mitigated.

Provide assurance on the Fund’s level of risk compliance

• Incorporate compliance awareness into the company culture.
• Assist with the design and implementation of a formal compliance programme i.e. establish and implement frameworks; policies and procedures; formal monitoring; and regulatory / legislative compliance reporting.
• Provide assurance on the Fund’s level of compliance with operational and regulatory / legislative requirements
• Serve on various governance structures and facilitate the resolution of non-compliance incidents

Foster a risk and compliance awareness culture

• Conduct risk and compliance awareness campaigns throughout the Fund.
• Co-facilitate awareness programmes with identified stakeholders.
• Provide guidance on strategic and business projects with regard to risk related matters.

Provide project management support

• Participate in projects or collaborative business initiatives, and provide support on risk management activities
• Provide support on strategic and business projects

Implement fraud risk management practises

• Implement fraud prevention frameworks, policies and plans
• Conduct preliminary investigations into suspicious activities
• Provide assistance to investigative authorities in connection with a fraud matter
• Follow up on fraud cases and provide periodic progress reports to governance structures

Establish and implement business continuity management (BCM) practises and procedures 

• Facilitate maintenance of BCM programme (BCP Strategy; planning and testing)
• Provide guidance to business units on business continuity management
• Submit reports to various governance structures on status of BCM for the Fund

Assist with the implementation of a combined assurance model

• Establish partnerships with internal and external assurance providers in order to provide a coordinated approach to all the assurance activities of the Fund
• Liaise with external and internal auditors, providing them with accurate information in a timely manner.
• Perform activities commensurate with the Fund’s risk management policy and combined assurance practices and procedures