RISK AND COMPLIANCE OFFICER

SUMMARY:
Finance / AccountingJHB Central, Johannesburg - GautengRole PurposeOur client, a well-established institution based in Bryanston, Johannesburg, is seeking a Risk and Compliance Officer to support the identification, assessment, and management of...

POSITION INFO:
Finance \/ AccountingJHB Central, Johannesburg - GautengRole PurposeOur client, a well-established institution based in Bryanston, Johannesburg, is seeking a Risk and Compliance Officer to support the identification, assessment, and management of risk and compliance matters across the organisation. The successful candidate will play a key role in embedding a strong risk and compliance culture, supporting fraud risk management, and contributing to business continuity management practices.Key Responsibilities1. Implement Risk Management PracticesIdentify and assess risks within the company environment in collaboration with Management.Provide recommendations into the risk management action plan.Implement the risk awareness plan, as agreed by Management.Assist in reviewing risk strategies, ensuring alignment with organisational 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 in policies and procedures and recommend mechanisms to address them.Monitor the effectiveness of the Risk Committee and risk champions.Update the operational risk control matrix on a quarterly basis.Compile risk and control reports quarterly, providing accurate information by the due date.Compile the enterprise risk scorecard report based on information gathered.Implement the enterprise risk scorecard, following up with relevant stakeholders to achieve stipulated objectives.Undertake risk assessments to determine the organisation´s current risk exposure.Conduct training and risk awareness sessions for employees on risk management tools and techniques.Provide risk assurance on business processes.Monitor compliance with the organisation´s enterprise-wide risk management policy, following up appropriately on issues identified.Follow up with respective Unit Heads to ensure each department´s strategy incorporates risk management principles.Ensure incident management procedures are in place and risks are mitigated.2. Provide Assurance on the Organisation´s Level of Risk ComplianceIncorporate compliance awareness into the organisational culture.Assist with the design and implementation of a formal compliance programme, including frameworks, policies and procedures, formal monitoring, and regulatory\/legislative compliance reporting.Provide assurance on the organisation´s level of compliance with operational and regulatory\/legislative requirements.Serve on various governance structures and facilitate the resolution of non-compliance incidents.3. Foster a Risk and Compliance Awareness CultureConduct risk and compliance awareness campaigns throughout the organisation.Co-facilitate awareness programmes with identified stakeholders.Provide guidance on strategic and business projects with regard to risk-related matters.4. Provide Project Management SupportParticipate in projects or collaborative business initiatives, providing support on risk management activities.Provide support on strategic and business projects.5. Implement Fraud Risk Management PracticesImplement fraud prevention frameworks, policies and plans.Conduct preliminary investigations into suspicious activities.Provide assistance to investigative authorities in connection with fraud matters.Follow up on fraud cases and provide periodic progress reports to governance structures.6. Establish and Implement Business Continuity Management (BCM) PracticesFacilitate maintenance of the BCM programme (BCP strategy, planning and testing).Provide guidance to business units on business continuity management.Submit reports to various governance structures on the status of BCM for the organisation.7. Assist with the Implementation of a Combined Assurance ModelEstablish partnerships with internal and external assurance providers to provide a coordinated approach to all assurance activities.Liaise with external and internal auditors, providing them with accurate information in a timely manner.Perform activities in line with the organisation´s risk management policy and combined assurance practices and procedures.RequirementsTechnical RequirementsKnowledge of risk and compliance.Ability to use standard software packages (e.g. Microsoft Office) and to learn bespoke packages as required.Strong report writing skills.Sound understanding of governance, risk and controls.Understanding of industry trends.Relevant regulatory knowledge.Minimum EducationRelevant Bachelor´s Degree.Registered with a professional body (such as the Compliance Institute and\/or the Institute of Risk Management).Professional body qualification\/s advantageous.Minimum Work ExperienceAt least 5 years´ job-related experience.Required Regulatory ExaminationRE3 & RE5