To develop, maintain, manage and execute a comprehensive process for identifying, assessing, mitigating, monitoring and reporting on risks that may impact on the University's performance.
Job Knowledge, Skills and Experience
- A relevant M+4 qualification in Finance, Accounting, Auditing or Risk management.
- A relevant Masters qualification is an advantage
- At least 8 years ' experience in Enterprise Risk Management.
- Experience working in a higher education environment will be an advantage.
- A Professional membership with IRMSA (Institute of Risk Management South Africa) will serve as an advantage.
- Knowledge of Governance and accountability issues, Internals control and assurance and Enterprise Risk Management concepts are essentials for this job.
- Knowledge of best practices, frameworks and methodologies in risk management such as International Standards of Risk Management (ISO 31000) and King IV principles of corporate governance is necessary.
- Understanding of the Higher Education Act 101 of 1997 and its requirements regarding Fraud and Risk reporting.
- Functioning of Risk Management committees and relevant oversight structures.
- Methodologies to mitigate and monitor risk appetite.
- Develop, implement and maintain an ERM framework and supporting policies and procedures (including risk tolerance levels and appetite) in line with relevant frameworks and guidelines.
- Develop and implement a Strategic Annual University Risk Management plan that includes the risk profile in line with relevant frameworks and guidelines.
- Develop and implement appropriate and effective risk assessment methodologies, models and systems in line with best practice principles.
- Assess and maintain the risk maturity profile of the University in line with the IRMSA (Institute of Risk Management South Africa) risk maturity model.
- Facilitate the identification and assessment of risks at a strategic and operational level utilising appropriate tools and techniques, taking cognisance of the risk environment.
- Develop strategic and operational risk registers for Faculties and departments at the University in line with the ERM framework and best practice principles as well as the facilitation and development of risk response strategies (mitigation plans) for risks identified.
- Report all relevant risk matters including findings, risk positions and recommendations to relevant stakeholders (on-going), and oversight committees (quarterly).
- Establish a risk management philosophy and culture and maintain it through Risk awareness activities, understanding the risk maturity model, establishing risk appetite and tolerance levels, including the establishment of on-going fraud prevention programme, business continuity and ethics awareness framework.
- Ensure effective coordination of enterprise risk management activities with all assurance providers, such as internal /external audit, forensics and compliance functions. Co-ordinate activities with secretariat services in relation to the Quality and Risk Management committee
For enquires and assistance with your online application, contact: gantsusi@cput.ac.za, (Human Capital Department).
For applications please visit CPUT Talent Management - Risk Manager - (8108)
