Senior Manager: Assurance and Internal Control

Salary: R1 371 054.00 per annum, negotiable

Purpose of the Job

Reporting to the Head: Assurance and Monitoring, the successful incumbent is accountable for systematic and disciplined approaches that assesses and enhance the RAF’s effective internal control and combined assurance processes. The role will also be accountable for overseeing the performance monitoring and evaluation for the organisation.

Duties & Responsibilities

Combined Assurance

• Cordinate the development of risk-based assurance plans that will ensure efficient and effective coverage across the RAF.
• Manage combined assurance by assessing overall assurance provided and the quality of assurance provided.
• Guide and oversee Quality Assurance reviews on work done by assurance providers.
• Coordinate External Quality Assurance or independent reviews for assurance providers working in conjunction with Internal Audit to avoid duplication.
• Oversee and guide the assessment of interdependencies and overlap between various combined assurance providers and potential tradeoffs.
•  Identify the desired maturity and/or effectiveness characteristics and develop formal metrics or principles for assessing assurance providers.
• Oversee and guide the assessment of the extent to which each assurance provider can rely on each other’s work, by evaluating each assurance provider’s strength of their processes and understanding their maturity levels.
• Assist with joint map findings to give a consolidated view of all issues to be addressed by management.
• Develop assurance governance, quality management, quality assurance, and claims assurance framework, policies and procedures.Monitor the implementation of approved Claims Assurance plan.

Organisation Performance Monitoring and Evaluation

• Provide strategic direction in the implementation, monitoring and evaluation of strategic initiatives including operational plans.
• Ensure development of systems to ensure that relavant assurance providers are involved in critical projects, strategic initiaives and transformation interventions.
• Conduct performance evaluations as per the government-approved evaluation framework through implementation of systematic collection and objective analysis of evidence to assess issues such as relevance, coherence, performance (effectiveness and efficiency), value for money, impact and sustainability and to recommend improvement measures.

Quality Assurance and Management

• Oversee and guide the development and implementation of the RAF Assurance and Internal Control Framework.
• Oversee and guide the monitoring and evaluation of the Assurance and Internal Control management framework.
• Guide the development of Assurance and Internal Control Improvement Program and Methodology – General (QAIP).
• Lead the development of Control Self Assessments of the different business units.

Internal Controls

• Develop templates for control self assessment for the various business units/ functions/ activities and for detection and prevention of fraud.
• Coordinate annual walkthroughs of key controls to identify weak, nonexistent or controls capable of management overide.
• Lead the process for internal controls reviews across the organisation to ensure design effectiveness and adequacy.
• Deliver adequate and timely reporting on the internal control framework and control deficiencies to ensure appropriate communication, documentation, and escalation to senior leadership and the audit committee.
• Deliver adequate and timely action plans and monitor progress to address and resolve control deficiencies.
• Actively seek standardisation and automation, apply and implement best practices for managing internal controls and deploy innovative technology where possible to enhance and continuously improve the design and operating effectiveness of the controls, documentation, assessment and review procedures.

Strategy Development and Operational Planning

• Ensure development of the Assurance and Monitoring business strategy and implementation plan and ensure alignment with short-term and long-term objectives.
• Ensure development, implementation and annual review of an overall Strategic Plan for the Assurance and Monitoring department.
• Determine and set specific key performance indicators and measures against outcomes detailed in the departmental strategic plans.

Policy Review and Implementation

• Oversee the development and implementation of frameworks, policy, procedures, and processes for Combined Assurance, Internal Control, Assurance engagements, Internal Control Monitoring and evaluation.
• Provide advice and guidance to the Policy department on legislative compliance, emerging issues, risks and the implementation of changes required on policy matters.

Reporting

• Ensure preparation and submission of regulation reports.
• Report quarterly on progress with implementation of operational plans.
• Ensure development of functional reporting systems, project or performance reporting for management.
• Ensure the development of reports or policies or procedures and guide the process through the alignment of these documents to the overall RAF’s Strategy.
• Ensure regular and periodic reports are prepared and submitted as and when required to provide progress updates and/or inform management decisions.

Financial Management

• Ensure that the periodic financial and strategic goals of RAF as well as the performance expectations of the various teams are achieved.
• Ensure sufficient internal control measures are implemented for adherence to PFMA, RAF and other relevant legislation and regulation.
• Manage, monitor and control the department expense budget.

Stakeholder Management

• Maintain proactive and progressive relationships with key stakeholders.
• Engage with relevant internal stakeholders.
• Communicate with all levels of relevant stakeholder contact.
• Delegate inquiries and requests for information from both internal and external stakeholders.

People Management

• Ensure the motivation, cohesiveness, and alignment of the organization’s team members.
• Ensure Implementation of human capital processes and procedures to control or regulate workplace conflict and/or institute corrective measures and consultation processes to address deviations from standards.

Desired Experience & Qualification

Qualifications and Experience

• Bachelor’s Degree in a Risk Management/ Governance/ Compliance/ Auditing or related qualification.
• Certified Internal Auditor / Risk Management Certification will be an added advantage.
• Post graduate qualification in a Risk Manage.ment/ Governance/ Compliance/ Auditing or related qualification.
• Relevant 9 – 10 years’ experience in Risk management/ Internal Audit/ Compliance/ Governance/ Monitoring and Evaluation/ Combined Assurance and integration of different assurance processes related environment of which 3 years must have been on a management level/ area of expertise.

Technical and Behavioural Competencies Required

• Strategic capability.
• Business and financial acumen.
• Compliance and governance.
• Leadership agility.
• Client Service Orientation.
• Policy conceptualization and formulation.
• Risk management.
• Service delivery innovation.
• Reporting.
• Knowledge of relevant legislation and regulations.
• Accounting standards.
• Financial accounting principles.
• Governance, risk and controls.
• Principles of project management.
• Relevant regulatory knowledge.
• Risk management process and frameworks.
• Strategic planning.
• Institute of Internal Auditors standards.
• Code of ethics.
• Coaching and mentoring.
• Strong written and verbal communication.
• Presentation skills.
• Facilitation skills.
• Strong experience and interest for how technology and systems can support internal control effectiveness and efficiency.

Package & Remuneration

Total cost to company applicable to this position is minimum R1 371 054.00 per annum, negotiable.

NB: “RAF offers Total Employment Cost packages with no additional contributions from the Employer, successful candidates are required to structure their packages in a manner that will suit their needs”.

Interested?

• The Road Accident Fund subscribes to the principles of employment equity and preference will be given to People with Disabilities.
• Applicants who have not received any correspondence from us within six weeks from the closing date can consider themselves unsuccessful.
• Security Vetting shall be conducted on all prospective employees.
• It is the applicants’ responsibility to have foreign qualification evaluated by the South African Qualifications Authority (SAQA) and to provide proof of such.

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All the best with your applications