Job Description

Applications are hereby invited from suitably qualified candidate to be appointed as a Chairperson of the SAMSA Risk Management Committee for a period of three (3) years. The Risk Management Committee is responsible for assisting the Executive Committee of SAMSA in its oversight of risk. While SAMSA has in place a Board Sub-Committee which is the Audit & Risk Committee, such does not mean that its responsibilities are negated and vested on the Risk Committee. The appointed Risk Committee Chairperson will report to the Executive Committee (EXCO), and jointly with Senior Manager: Enterprise & Risk Management to the Audit & Risk Committee.



The successful incumbent will be required to attend the meetings of the Committee on quarterly basis or as and when required.

The Risk Committee Chairperson would be required to perform the responsibilities that are within the ambit of the Risk Committee Charter which includes the following amongst others:

Assess and monitor the entity's future risk strategy and its risk appetite, in particular, in relation to liquidity and operational risk, risk framework and to make recommendations on risk appetite to EXCO; Ensure that risk findings from other assurance providers are addressed; Review the adequacy of the entity's processes and the effectiveness of controls and make recommendations to EXCO; Work with EXCO to ensure the impact of material conduct, financial crime and reputational risks and events on the entity's financial and liquidity position are properly considered; Assess the design, completeness and effectiveness of the risk management framework relative to the entity's activities including those that would threaten its business model, future performance, solvency or liquidity and make recommendations thereof; Review the adequacy and quality of the risk management function and effectiveness of risk reporting (including timeliness and risk events); Review the risk policies and any material changes made to these; Satisfy him/herself that risks to the business plan are adequately identified and assessed as part of the business planning process through stress-testing and scenario analysis, and that appropriate mitigants, management actions and contingency plans are in place in relation to risks to the business plan, or arising as a result of the business plan and recommend it to EXCO for approval; and Risk assessment workshops are undertaken each financial year.

QUALIFICATIONS

Postgraduate Qualification in AuditingRisk Management (NQF 8) Masters in Risk ManagementBusiness Administration (NQF9) would be an added advantage. Professional Body Registration: Applicants must be registered and in good standing with a relevant professional body (e.g., SAICA, IIA, IRMSA, etc.) is essential.

KNOWLEDGE AND EXPERIENCE

10 years experience in Risk Management, Auditing, Anti-Fraud and Corruption environment, ICT environment, compliance environment, corporate governance and corporate strategy from private and public sector. 5 years Senior Management experience in Risk Management, Auditing, Anti-Fraud and Corruption environment, ICT environment, compliance environment, corporate governance and corporate strategy from private and public sector. * 3 years experience serving in the Audit andor Risk Management Committee.