Risk and Compliance Specialist

Job Content
To contribute towards the entity’s efforts of striving to achieve its strategic objectives/performance through the application of risk management and to maintain/improve the risk and compliance maturity levels by implementing risk management objectives.

Description of Job

Primary Functions: 

• Application and implementation of the Entity’s Risk Management Policies and Frameworks in order to improve the risk maturity/risk intelligence, whilst creating risk opportunities.
• Co-ordinate the entity’s risk management activities for various risk management disciplines (Strategic, Operational, Compliance, Fraud and Ethics, BCM, Project Risk).
• Conduct assessment against applicable legislation and ensure that ERWAT is managing its business in full compliance with applicable laws and regulations, accepted business practices, internal policies, and standards.
• Take a lead in advising departments on related risk management matters, initiatives, and processes to entrench a culture of risk and compliance management.
• Setting up of a management information reporting systems to enhance the level of reporting of the overall risks in the group
• Assist with the development and review of ERM related implementation Plan.
• Keep abreast with developments in the Risk Management discipline through Research and other initiatives.
• Provide general support and advice to departments on the design of appropriate risk action plans and the implementation thereof.
• Administration of Insurance activities.
• Conduct ad-hoc risk management project work as and when the need arises.
  

Risk and Compliance Management

• Assist with the Implementation of an effective compliance program through conducting risk assessments and the development and management of risk and compliance management plans.
• Assist in the development and review of compliance policies and frameworks, including an effective implementation of those policies and guidelines.
• Advise on compliance with laws and regulations through detailed reports.
• Create and manage effective action plans in response to non-compliances discovered and compliance violations.
• Regularly monitor company operations, policies and procedures, practices, and documents to identify possible compliance weaknesses or risks.
• Tracking and monitoring of key risk indicators, controls, and action plans.
• Identify and implement improvements to existing processes and plans.
• Regularly update ERWAT Regulatory Landscape.
• Coordinate the review of Compliance Risk Management Plan
• Monitor changes to legislation and communicate these changes to the affected parties and highlight the impact it might have on internal policies and procedures.

• Conduct Business Impact Analysis (BIA) and Risk Assessments.
• Assist with the development and review of Business Continuity policies and frameworks/strategies.
• Assist with the development and review of Business Continuity/Crisis Management.
• Conduct BCM Business Impact Analysis and BCM Risk Assessments.
• Coordinate scenario testing programs to enhance the effectiveness of Business Recovery Plans.
• Provide general Business Continuity advice/assistance to the various departments.
• Monitoring the implementation of the  Business Continuity and Crisis Management reviews

• Keep abreast of developments in the Risk Management discipline and identify the impact thereof on the entity’s risk management policies and frameworks.
• Review/develop ERM related Policies and Frameworks and ensure they comply the relevant legislation and aligned to best practices.
• Monitor/Review and update the companywide Policy Governance Register and communicate to the affected parties to ensure that documents are reviewed as and when the need arises.

• Assist in the implementation of Anti-Fraud Risk Management and Ethics Management Programmes in line with the relevant risk management implementation plan.
• Conduct Fraud Risk Assessments and advice on appropriate risk action plans.
• Actively promote the Entity’s Ethics Line to employees, clients and service providers.
  
• Co-ordinate and implement ethics and fraud awareness campaigns for various stakeholders, customized.
• Maintain the gift register

• Develop internal risk and compliance training material.
• Provide risk management awareness and training to promote risk management to all employees.
• Provide communication for information sharing and to create awareness of risk and compliance

• Collect accurate information, analyse information, documentation, lodge claims with the Insurer.
• Ensure that the Agreement of Loss is signed by the relevant party and submitted to the Insurer.
• Liaise with Security for incidents reports if there’s no SAPS Case number.
• Communicate with the Insurer on the progress claims and arrange for Assessor site inspections.
• Handle any queries associated with a claim.
• Ensure insurance payment out is allocated to the relevant Cost Centre.

• Generate the relevant status reports regarding the level of risks faced by the entity and communicate the with the relevant stakeholders.
• Demonstrate ability to gather, interview, analyse, and evaluate facts/sensitive information, and prepare and present concise oral and written reports.
• Provide feedback regarding issues raised and advice as required