RISK MANAGER at MEDICAL AID SCHEME

Middlesex College; Cape Town; On-site; ZAR 500,000 - 700,000; Full time

Job summary

Middlesex College is seeking a Risk Manager to enhance their operational risk framework. The successful candidate will be responsible for assessing, identifying, and mitigating risks, while promoting a risk-aware culture. Ideal candidates will have a Bachelor's degree and 3-5 years of experience in risk management or a related field.

Qualifications

• 3-5 years of operational experience in Risk Management.
• Proven experience with board-level reporting.
• Knowledge of ISO 31000.

Responsibilities

• Conduct risk assessments to identify and manage potential risks.
• Prepare and present risk assessment reports to management and the Board.
• Manage the Business Continuity Plan and risk mitigation strategies.

Skills

Risk Management

Compliance

Fraud Prevention

Crisis Management

Education

Bachelor's Degree in Auditing or Risk Management

Postgraduate qualification

Job description

The Risk Manager plays a vital role in embedding a risk culture within the Scheme. This includes ensuring that the Scheme's operational risk framework and governance structures remain robust and effective by identifying, analyzing, and mitigating potential risks that could impact the Scheme's financial stability, reputation, or operations.

Responsibilities

1. Compliance
2. Provide input into risk management and fraud prevention policies, procedures, and strategies.
3. Monitor and assess regulatory changes and emerging risks to identify potential risks and recommend appropriate remedies.
4. Collaboration
5. Regularly collaborate with Scheme departments to address and support risk assessment and mitigation.
6. Evaluate risk mitigation plans of departments and projects within the Scheme on a quarterly basis.
7. Support training and educational programs for staff to promote a culture of risk awareness.
8. Facilitate and lead the Risk Management Forum.
9. Facilitate the annual risk workshop with Executive Management and the Board.
10. Risk Management
11. Conduct risk assessments to identify potential risks, including evaluating existing processes and systems for areas of improvement.
12. Develop, facilitate, and implement risk mitigation strategies, policies, and procedures to minimize risk exposure.
13. Recommend and implement control measures to prevent or reduce the impact of risks.
14. Manage and maintain the updated Scheme Risk Register.
15. Crisis Management
16. Manage the Business Continuity Plan, including stakeholder response readiness.
17. Fraud Prevention and Ethics Management
18. Develop ethics management and fraud prevention strategies, including business process mapping and modeling.
19. Establish and oversee adherence to ethical procedures, processes, and declarations across all stakeholder levels.
20. Manage fraud and corruption monitoring procedures, including whistle-blowing processes.
21. Reporting
22. Prepare and present risk assessment reports to management, executives, the Audit and Risk Committee, and the Board of Trustees.

Qualifications

• Bachelor's Degree in Auditing or Risk Management.
• Postgraduate qualification is an advantage.

Experience

• 3-5 years of operational experience in Risk Management, including risk analysis, prevention, strategy development, governance, and monitoring.
• Proven experience with board-level reporting.
• Project management experience.
• Knowledge of the regulatory framework and legislative requirements applicable to public entities.
• Knowledge of ISO 31000.
• Experience in the healthcare or similar industry is an advantage.

Desired Skills

• Risk Management experience.
• Degree in Auditing or Risk Management.