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MEDIA DEVELOPMENT AND DIVERSITY AGENCY (MDDA) – RISK SPECIALIST
MEDIA DEVELOPMENT AND DIVERSITY AGENCY (MDDA)
Job Title: Risk Specialist
Job Code: R – RS 01
Department: Risk
Normal Hours of work: As business dictates
Normal place of work: Parktown, Johannesburg
Job Classification: Governance
Reporting to: Board
PRIMARY OBJECTIVE(S) OF THE JOB
The job is to design, develop and implement programs that can mitigate potential risk for the Agency
POSITION VALUES
This is a senior position responsible for evaluating the potential risk that MDDA may encounter and exercise professional judgement and initiative in a detailed, oriented, conscientious and systematic high level of precision mitigation plan to prevent MDDA from human, financial, marketing, operational and external risks that may affect MMDA. The individual has to have knowledge methodologies of risk assessment within regulatory bodies, the media Industry, as well as the internal controls most efficient for mitigating them, up to the level of risk defined by Administration and benchmarked with the controls in place. The capacity to coordinate and monitor work groups with the aim of assessing the underlying risks to strategic, operational and financial objectives. The incumbent has to develop risk analysis strategies and models that includes risk control programmes and internal control mechanisms. The Risk Manager will work collaboratively with all lines of businesses and corporate specialist’s groups to ensure a consistent and integrated approach is applied to risk governance that aligns to the overall Risk Management mandate.
This position requires a tenacious individual with strong communication, problem-solving, relationship and consensus-building skills and a high degree of personal initiative and attention to detail
KEY DUTIES AND RESPONSIBILITIES
Strategy Implementation
1. Develop and maintain MDDA governance frameworks, standards and practices relating to risk governance and effectively implement them throughout MDDA
2. Develop Agency Risk Appetite, Policy Governance and Managerial Governance Framework
3. Support the maintenance of Risk related Mandates and Charters and ensure their ongoing relevance
4. Provide administrative and risk governance support for the Risk Committee of the Board and the Risk Management Committee and related subcommittees
5. Conduct research on industry leading practices for risk governance matters pertaining to the banking industry including board practices relating to risk governance
6. Develop and design strategic and operational risk mitigation plans that will ensure sustainability of MDDA
Governance
7. Act as an internal subject matter expert and develop organization capability around risk governance and decision processes aligned with MDDA’s operating model and risk strategy
8. Ensures the Board and Committees fulfil governance functions and facilitates the risk mitigation strategy
9. Attend Board and Subcommittee meetings; including being the lead staff on the Risk Committee
10. Oversee the production of monthly reports including reconciliations with funders and pension plan requirements, as well as financial statements and cash flow projections for use by Executive management, as well as the Risk Committee and the Board.
Stakeholder Management
11. Liaise with the legislators, regulatory authorities, media and other relevant stakeholders to mass communication
12. Provide internal advice to Executive Management on risk mitigation matters.
Management and Administration
13. Provide general oversight of department activities and manages the day-to-day operations
Ensure smooth, functioning and efficient operations of the Risk Department
KEY DUTIES AND RESPONSIBILITIES
Strategy Implementation
1. Develop and maintain MDDA governance frameworks, standards and practices relating to risk governance and effectively implement them throughout MDDA
2. Develop Agency Risk Appetite, Policy Governance and Managerial Governance Framework
3. Support the maintenance of Risk related Mandates and Charters and ensure their ongoing relevance
4. Provide administrative and risk governance support for the Risk Committee of the Board and the Risk Management Committee and related subcommittees
5. Conduct research on industry leading practices for risk governance matters pertaining to the banking industry including board practices relating to risk governance
6. Develop and design strategic and operational risk mitigation plans that will ensure sustainability of MDDA
Governance
7. Act as an internal subject matter expert and develop organization capability around risk governance and decision processes aligned with MDDA’s operating model and risk strategy
8. Ensures the Board and Committees fulfil governance functions and facilitates the risk mitigation strategy
9. Attend Board and Subcommittee meetings; including being the lead staff on the Risk Committee
10. Oversee the production of monthly reports including reconciliations with funders and pension plan requirements, as well as financial statements and cash flow projections for use by Executive management, as well as the Risk Committee and the Board.
Stakeholder Management
11. Liaise with the legislators, regulatory authorities, media and other relevant stakeholders to mass communication
12. Provide internal advice to Executive Management on risk mitigation matters.
Management and Administration
13. Provide general oversight of department activities and manages the day-to-day operations
Ensure smooth, functioning and efficient operations of the Risk Department
PLANNING AND DEVELOPMENT
Manage the Risk Mitigation Plan
Report to the Management and the Board of potential risks
Assist management in the formulation of its overall risk mitigation
HUMAN RELATIONS
Motivator- relationship with colleagues, works well with other employers and can achieve results
Strategic planning sessions
CUSTOMER RELATIONS
Internal – All staff
External – Suppliers, Government Officials, Funders, Insurers, Customers, All visitors, Service Providers/Vendors, Banks, Grant Receivers
CONTINUOUS PROFESSIONAL DEVELOPMENT AND UPGRADE
SKILLS AND COMPETENCIES
Excellent people management and leadership abilities
Superior communication, facilitation and consensus-building skills
Demonstrated relationship-building skills, with a superior ability to make things happen through the use of positive influence
High degree of personal initiative
Organizational awareness with an understanding of how to engage the organization to get things done
Strong problem-solving skills; comfortable tackling complex problems and breaking these down into manageable pieces
Superior multi-tasking skills and the ability to work in a fast-paced, often deadline-oriented and dynamic environment
Conceptual and practical thinking and implementation skills
Process design and analysis skills
Research, analysis and judgment skills
SPECIAL REQUIREMENTS
Ensure the integrity and completeness of financial reporting
Oversee effective utilization of financial support provided as financial grants
Understanding of GAAP / GRAP practices;
Understanding of complex financial and accounting principles;
Experience and understanding of Risk analysis, Cash flow, Budgeting and forecasting, Financial modelling, Financial Statements and Investments;
Computer proficiency
Strong report writing skills
Suitably qualified and experienced candidates are invited to submit a comprehensive CV, together with a covering letter and at least 3 contactable references to recruitment@mdda.org.za.
CLOSING DATE FOR ALL VACANCIES: 20 FEBRUARY 2020.