Fraud Risk Specialist

POSITION OBJECTIVE:

The incumbent will maintain an effective, efficient and transparent Fraud Risk Management and internal control system. Coordinate the regional fraud risk management function and facilitate risk management methodologies and techniques to support the anti-fraud and corruption policy and frameworks efficiently in the area of responsibility.

MINIMUM REQUIREMENTS:

• A Bachelor’s degree in risk management or similar relevant qualification at an NQF level 7.
• At least five years of relevant experience in fraud investigations, and development of fraud risk prevention plans, frameworks and policies.
• Three years of the above experience must be at a supervisory level.
• Must be a Certified Fraud Examiner.

ADVANTAGEOUS:

• Experience in forensic investigations.
• Association of Certified Fraud Examiners membership.

TECHNICAL COMPETENCIE

Solid knowledge of the following:

• Legislative and regulatory framework:
  • Public Finance and Management Act (PFMA)
  • Treasury Regulations and guidelines
  • Public Sector Risk Management Framework
  • Preferential Procurement Policy Framework Act, 5 of 2000 (“PPPFA”), Prevention and Combating of Corrupt Activities Act
• Departmental policies and procedures:
  • Public Service Anti-Corruption Strategy and departmental anti-corruption measures
  • Medium Term Strategic Framework (government priorities)
• ERM concepts, frameworks and methodologies:
  • King Report on Corporate Governance (IV)
  • ISO 31000 fraud risk standards
  • Fraud risk methodologies and compliance management methodologies
• Good interpersonal skills, people skills, organising and communication skills.
• The ability to exhibit objective and accurate judgment and work well under pressure.

KEY RESPONSIBILITIES:

Strategic Fraud Risk Management:

• Develop a fraud risk management framework and approach for the organisation.
• Ensure annual review and implementation of the anti-fraud risk and corruption policy.
• Ensure annual review and implementation of the fraud prevention plans.
• Align fraud risk activities and processes with quality systems in existence.
• Attend MANCO, ARC and Board meetings as and when required.

Operational Fraud Risk Management:

• Manage and carry out fraud risk assessments, fraud risk investigations and manage the tip offs / fraud hotline process.
• Provide education and awareness on the organisation’s anti-fraud and corruption policy as well as fraud risk frameworks.
• Responsible for recommendations of proactive fraud risk management decisions at an operational level.
• Follow up with line management on the implementation of all investigation report recommendations.
• Project management of forensic investigations contracts.

Fraud risk evaluation and reporting:

• Facilitate and manage the development of a fraud risk register for the organization.
• Develop fraud risk monitoring plan for the organisation.
• Prepare fraud risk reports for relevant stakeholders, including MANCO, ARC and Board.
• Facilitate annual fraud risk control self-assessment of the organisation.
• Provide Advisory and support services to the regional managers and heads of departments regarding fraud risk management matters.

EMPLOYMENT REFERENCE CHECKS

Employment reference checks are a requirement as part of SANRAL’s recruitment and selection process. In order for SANRAL to conduct these checks a consent form needs to be completed and signed by the applicant. As an applicant of this position, you authorize SANRAL to process all the information provided for the purpose of your application for the position as well as the verification and record keeping of such credentials.

Please note that this is a confidential document and is intended for internal use by SANRAL’s Human resources department only.

EMPLOYMENT EQUITY

Appointments will be made in accordance with SANRAL’s Employment Equity plan.

SANRAL reserves the right not to fill any position.

Closing date for applications: 24 July 2023 

Please note that feedback will be given to shortlisted candidates only. 

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