Risk and Compliance Officer

MANCOSA, a DHET registered and CHE accredited private higher education distance education provider, offering undergraduate and postgraduate business qualifications, has the following vacancy available.Risk and Compliance OfficerThe core purpose of a Risk and Compliance Officer is to ensure that MANCOSA operates in compliance with relevant laws, regulations, and best practices, while also effectively managing and mitigating risks that could impact the organization's operations, reputation, and financial performance.

Key Responsibilities:

· Developing a comprehensive risk management plan that outlines strategies for identifying, assessing, and mitigating risks to the organization. Furthermore, ensuring that the risk management plan is regularly reviewed and updated to reflect changes in the organization's risk profile.

· Conducting risk assessments to identify and evaluate potential risks to the organisation and departments.

· Updating the current risk register that identifies all potential risks to the organisation.

· Ensuring that the risk register is regularly reviewed and updated to reflect changes in the organisation's risk profile.

· Developing and implementing mitigation strategies for all identified risks.

· Communicating risk information to the Risk Management Committee and relevant stakeholders, including senior management, the Board of Directors, and external regulators as required.

· Ensuring compliance with regulatory requirements, internal policies, and industry standards.

· Designing and delivering training programs to educate employees on compliance and risk management matters.

· Investigating compliance issues and recommending corrective actions as needed.

· Collaborating with cross-functional teams to identify opportunities for process improvements and risk reduction.

· Keeping up to date with changes in laws, regulations, and industry standards that may impact the organization's risk and compliance posture.

· Identifying procedural gaps and risk areas within business processes.

· Collaborating with operational and academic staff to establish internal mechanisms by which to mitigate risks and develop policies, procedures, standards and systems surrounding the risks.

· Provide input on the development of the QMS and Risk Management components of QMS Ecosystem are blueprinted, with accompanying matrices and forms.

· Ensuring that the QMS is regularly reviewed and updated to reflect changes in the organization's risk profile, regulatory requirements, and industry best practices.

· Generate departmental reports at specific annual intervals.

· Organise and conduct meetings and presentations, develop appropriate templates for meeting documents, collate information and generate meeting packs and record minutes of the meetings.

· Filing of reports with the appropriate annexures.

· Develop forms and templates for utilisation within the institution.

· Partaking on special projects and committee work.

When required, contribute to preparations for regulatory procedures including institutional audits, site visits, responding to conditions

Qualifications:

• Bachelor's degree in a relevant field, such as business, law, or risk management.
• Having a professional certification in risk management or compliance is advantageous.

• A minimum of 3 years working experience in an internal audit and risk management environment, preferably in the Higher Education sector.
• Working knowledge of the King IV Code of Corporate Governance
• Strong knowledge of relevant laws, regulations, and policies, and ability to interpret and apply them to the institution's operations.
• Excellent analytical and problem-solving skills, with the ability to identify potential risks and develop strategies to manage and mitigate them.
• Strong communication and interpersonal skills, with the ability to build relationships with internal and external stakeholders and effectively communicate complex issues to a variety of audiences.
• Experience developing policies and procedures, conducting risk assessments, and managing compliance and risk management programs.
• Ability to work independently and as part of a team, and to manage multiple projects and priorities simultaneously.
• Strong attention to detail and organizational skills.

• Willingness to work overtime when required.