Senior Risk Officer

In brief

**Overview** This role is for a Senior Risk Officer at the TCTA Trans-Caledon Tunnel Authority. The position is responsible for overseeing and implementing various aspects of enterprise-wide risk management, including governance, identification, mitigation, compliance, reporting, business continuity, fraud risk, treasury risk, and risk financing. The role involves contributing to policy development, continuous monitoring, and fostering a risk-aware culture within the organisation, while ensuring alignment with best practices. **What you will do** * Contribute to the development and annual review of risk management policies and frameworks, including the risk management plan, risk appetite and tolerance framework, Business Continuity Management Programme, and Fraud policy. * Continuously identify enterprise-wide risk exposures. * Assess risk rating against control adequacy. * Ensure that all projects’ risk exposure is identified, quantified, documented, and communicated. * Adopt a proactive approach in recommending and utilising international best practice. * Research, evaluate, and recommend risk management and mitigation steps. * Facilitate divisional integration where risk exposures and mitigation responsibility overlap between divisions. * Oversee risk management reporting, including the use of information technology. * Evaluate the risk assessment performed by Risk Owners within the Divisions to ensure these are an accurate representation of the Divisional risk profile. * Identify and analyse the correlation between risk drivers and control failures. * Develop and maintain enterprise-wide risk profile. * Monitor key risk indicators and report against risk appetite and tolerance thresholds. * Test Compliance against Risk Policy. * Challenge the mitigation or control measures applied by the Division or Department in mitigating risks where necessary. * Ensure that risk mitigation actions are timeously implemented, and non-conformances are reported to the Risk Manager and Chief Risk Officer. * Develop a risk awareness culture at TCTA. * Contribute to the Combined Assurance Initiative to enhance internal control environment. * Develop, maintain, and regularly update Divisional and Departmental risk registers. * Prepare Risk Assessment Reports for Divisions. * Provide risk dashboards to the Risk Manager and Chief Risk Officer highlighting key risk issues and mitigation measures. * Provide timeous and accurate input to the risk management reports to the Risk Manager and Chief Risk Officer. * Facilitate Business Impact Assessments for Business Units. * Ensure that Divisional/departmental and organisational-wide BCP is updated and tested on a regular basis. * Conduct Fraud Risk Assessments. * Monitor implementation against fraud prevention plan. * Proactively monitor, report exposure, and make recommendations for Treasury risks (Liquidity, Interest rate, Borrowing limits, Currency, Credit/Counterparty, Operational). * Review counterparty limits. * Ensure compliance to the DOA and ensuring segregation of duties between Back, Middle, and Front Office. * Ensure that risk financing is complete and cost-efficiently structured. * Handle claims administration. * Build strong working relationships with internal clients. * Participate in risk management workshops towards continuous improvement. * Ensure related policies, procedures are aligned to best practice. **Requirements (from the original advert)** * Minimum Qualification Required: B Degree Economics/Commerce or equivalent. * Minimum Experience Required: 8 years risk management experience. **Who should apply** The ideal candidate should possess a B Degree in Economics/Commerce or an equivalent qualification, coupled with a minimum of 8 years of risk management experience. Desirable qualities include prior exposure to the water sector and/or State-Owned Enterprises (SOE), as well as experience in treasury and project risk management. Knowledge of risk management software would also be advantageous. **Deadline** Not specified **Reference** Original posting: https://www.myjobmag.co.za/job/senior-risk-officer-tcta-trans-caledon-tunnel-authority Source: myjobmag

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At a glance

• At least 8 years of experience.

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