Snr Officer: Comb Assurance & Intnl Cntr - #305808

Road Accident Fund


Date: 2 weeks ago
City: Johannesburg, Gauteng
Contract type: Full time
Reference: 42226792

Road Accident Fund



Purpose of the Job: Reporting to the Manager: Combined Assurance and Internal Control, the successful incumbent is responsible for the implementation of assurance and internal controls to ensure the integrity of operations, financial and accounting practices within the Fund. The job incumbent will also be re



Purpose of the Job: Reporting to the Manager: Combined Assurance and Internal Control, the successful incumbent is responsible for the implementation of assurance and internal controls to ensure the integrity of operations, financial and accounting practices within the Fund. The job incumbent will also be re

Key Performance Areas

Combined Assurance

  • Cordinate the development of the Combined Assurance plans for the designated area of responsibility or processing centres.
  • Conduct assessments of interdependencies and overlap between various combined assurance providers and potential tradeoffs.
  • Implement a combined assurance governance framework in the designated area of responsibility or processing centre.
  • Review the assurance plan to ensure that it all critical risks and root causes are assured.
  • Coordinate Combined Assurance and internal control activities in the designated area of responsibility or processing centre.
  • Consolidates all the assurance work completed at the region or designated areas of responsibilty or processing centre, including an analysis to identify risk themes, root causes, existing controls, planned mitigations, impact on performance and the overall opinion on the region's control environment.
  • Maintain a Combined Assurance dashboard of overdue and repeat findings from all the assurance providers.

Internal Control

  • Assist the Manager: Combined Assurance with coordination of internal controls activities in the designated operational area or processing centre.
  • Assist with identifying, quantifying and prioritising risks and recommending appropriate risk mitigation plans.
  • Assist with reviewing and analysis of operational procedures to identify potential control risks and failures introduced through standard operating procedures and to recommend control improvements.
  • Assist management to develop control improvement plans, key controls and indicators to pro actively identify potential control failure.
  • Monitor progress against the implementation of control action plans in response to combines assurance reviews and Key Control Indicators on a regular basis to reduce the risk of control failures.
  • Develop quarterly trend analysis reports.
  • Recommend appropriate internal control measures to reduce risks and adherence to relevant legislation and regulation.
  • Continuously monitor any internal errors to ensure that issues are resolved speedily by management.
  • Participate in assurance activities of the designated area of responsibility or processing centre to identify potential non compliance or by-passing of control procedures e.g. BSC, BEC etc.

Reporting

  • Contribute to the preparation and submission of Regulation reports.
  • Aid in the development of functional reporting systems, for management, project or performance reporting.
  • Report regularly and periodically perform necessary submissions as and when required to provide progress updates and/or inform management decisions.

Stakeholder Management

  • Aid in proactive and progressive relationships with key stakeholders.
  • Deal with inquiries and requests for information from both internal and external stakeholders.
  • Aid in the maintenance of relationships with service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on time.

Qualifications and Experience

  • Bachelor's Degree/ Advanced Diploma in Risk Management/ Governance/ Compliance/ Auditing related qualification.
  • Relevant 4 years' experience in a Combined Assurance/ Risk Management/ Internal Audit/ Internal Controls related environment.

Technical and Behavioral Competencies Required

  • Planning, organising and coordinating.
  • Personal mastery.
  • Judgment and decision making.
  • Ethics and values.
  • Client service orientation.
  • Knowledge of enterprise risk management, internal audit and combined assurance
  • Data mining analysis.
  • Report writing skills.
  • Cura software and/or risk and audit softwares.
  • Computer literate - knowledge of financial software packages and Microsoft office.
  • Corporate governance.
  • Risk and control.
  • Internal audit processes.
  • The International Professional Practices Framework.
  • Policy development.

NB: "RAF offers Total Employment Cost packages with no additional contributions from the Employer, successful candidates are required to structure their packages in a manner that will suit their needs".



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