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CHAIRPERSON OF RISK MANAGEMENT COMMITTEE

DEPARTMENT: MM’S OFFICE

REFERENCE NO: 016/2018

REMUNERATION: The Risk Management Chairperson will be remunerated in accordance with the prescripts and guidelines published by National Treasury

The Office of the Municipal Manager invites suitably qualified person to submit their Curriculum Vitaes and motivation for the appointment to Chair the Risk Management Committee. Factors which will influence the appointment include:

• CA(SA)/ MBA/ MBL/ CIA or other relevant qualification in Legal, Accounting, Auditing and Financial Management;

• 10-15 years management experience in Accounting or Auditing field;

• Excellent knowledge of the Risk Management Frameworks and Corporate Governance, Local Government Municipal Finance Management Act and Treasury Regulations, Enterpriser Wide Risk Management (EWRM), COSO model, ISO 31000 and Public Sector Risk Management Framework;

• Experience in serving on oversight committees;

• Knowledge and understanding of internal controls, accounting and public sector report issues;

• Knowledge and understanding of and exposure to legislation/ policies (MFMA/ GRAP/ GAAP/ National Treasury Regulation and practices relevant to the district municipality);

• Knowledge and understanding of the role of internal and external audit;

• Knowledge and experience of the ICT Governance will be an added advantage;

• Excellent communication skills (verbal and written);

• Extensive knowledge of the Local Government Sector will be an added advantage.

KEY PERFORMANCE AREAS

• Review the Risk Management Policy and Strategy, Risk Management Implementation Plan and Risk Management Charter and make recommendations;

• Review and assess the integrity of the risk control systems and ensure that the risk policies and strategies are effectively managed;

• Set out the nature, role, responsibility and authority of the risk management/ risk manager function within the municipality and outline the scope of risk management work;

• Monitor the management of significant risks to the municipality, including emerging and prospective impacts;

• Review any legal matters, together with the Legal Manager, that could have a significant impact on the municipality;

• Review management and internal audit reports detailing the adequacy and overall effectiveness of the institution’s risk management function and its implementation by management, and reports on internal control and any recommendations, and confirm that appropriate action has been taken;

• Review the risk identification and assessment methodologies to obtain reasonable assurance of the completeness and accuracy of the risk register;

• Review and recommend for approval the risk appetite and tolerance levels of the municipality;

• Evaluate the effectiveness of mitigating strategies to address the material risks of the Institution;

• Report to the Accounting Officer any material changes to the risk profile of the Institution;

• Review and approve any risk disclosures in the Annual Financial Statements;

• Monitor the reporting of risk by management with particular emphasis on significant risks exposures and the appropriateness of the steps management has taken to reduce the risk to an acceptable level;

• Monitor progress on action plans developed as part of the risk management process;

• Review reports of significant incidents and major frauds (both potential and actual) including the evaluation of the effectiveness of the response in investigating any loss and preventing future occurences;

• Providing feedback to the Audit Committee on the effectiveness of risk management;

• Develop goals, objectives and key performance indicators for the Committee for approval by the Accounting Officer;

• Develop goals, objects and key performance indicators to measure the effectiveness of the risk management activity;

• Set out the nature, role, responsibility and authority of the risk management function within the Institution for approval by the Accounting Officer, and oversee the performance of the risk management function;

• Provide proper and timely reports to the Accounting Officer on the state of risk management, together with aspects requiring improvement accompanied by the Committee’s recommendations to address such issues.

TERMS OF OFFICE

The term of office of appointed candidate will be two (2) years renewable contract based on performance.

Applications form together with application letter a comprehensive Curriculum Vitae and certified copies of qualifications, driver’s license and identity document must be forwarded to:

The Acting Human Resources Manager

Ms STN Ndlovu

Umzinyathi District Municipality

PO Box 1965

DUNDEE

3000

The closing date for applications will be on the 30th November 2018 Friday @ 15H00

If not contacted within 3 months from the closing date, kindly regard your application as being unsuccessful.

NO FAXED OR EMAILED APPLICATIONS SHALL BE ACCEPTED

MR SB NDABANDABA

MUNICIPAL MANAGER

DATE:

Last Updated (Tuesday, 13 November 2018 15:50)