INVITATION TO SERVE IN THE BCMM RISK MANAGEMENT COMMITTEE In terms of section 62 of the Municipal Finance Management Act 56 of 2003, the Accounting officer is required to take all reasonable steps to ensure that the Municipality maintains effective, efficient, and transparent systems of financial, risk management and internal control. Buffalo City Metropolitan Municipality invites applications from suitable and qualified candidates to serve in the BCMM risk management committee for a period of three years. CHAIRPERSON: RISK MANAGEMENT COMMITTEE x1 The Buffalo City Metropolitan Municipality requires a risk management committee Chairperson with proven experience to serve in the risk management committee for a period of three years. The incumbent will advise ‘the Accounting Officer on Enterprise Risk Management in fulfilling his/her mandate as required by the Municipal finance management Act. Requirements: Postgraduate degree in any of the following: Accounting, financial Management, Risk Management Auditing, Legal, IT and/or Performance Management. ‘© Minimum of 8 years" experience working at Senior Management level in any of the following fields: Internal Auditing, Risk Management, Auditing, Accounting, Legal, IT and/or Performance Management. ‘© Minimum experience of 6 years serving on the audit committee/ Risk management committee. © Professional certification (CA, CIA, CISA) will be an added advantage ‘* Proven expertise and experience in the fields of financial management, auditing, risk management and performance management « In-depth understanding of internal auditing, risk management, financial management, information technology, human resources management and municipal legislation * Preparedness to be subject to security clearance. Responsibilities: * Chair the Buffalo City Metropolitan Municipality's Risk management committee. * Lead the Committee in conducting its activities in terms of the Public Sector Risk Management Framework, MFMA, Risk Committee Charter and King IV Report on Corporate Governance. To review and monitor implementation of the Risk Management Framework, policies, and Strategy within the municipality. Assist the Accounting Officer in addressing its oversight requirements of risk management and evaluating and monitoring the institution's performance with regards to risk management. To formulate, promote and review the institution's ERM objectives, strategy and policy and monitor the process at strategic, management and operational levels. Evaluate the effectiveness of mitigating strategies to address the material risks of the Institution; Report to the Accounting Officer any material changes to the risk profile of the Institution; To review risk appetite and tolerance levels and recommend for approval. To provide proper and timely reports to the Accounting officer and Audit Committee on the state of Risk Management. © Perform any other duties of the Risk Management Committee as specified in the terms of reference (Committee Charter). RISK COMMITTEE MEMBER x 2 The Buffalo City Metropolitan Municipality invites applications from suitable & qualified external persons to serve as the risk management committee members with Information Technology, and Digital Transformation expertise/ financial background/ risk & auditing background/ legal and or performance management background. Requirements: Aminimum of a Post-Graduate Degree in Information Technology or Computer Science/ Auditing/ financial management/ law and or risk management * Expertise in ICT investment and monitoring the management and mitigation of ICT risks as well as cyber security, ‘© Minimum experience of 4 years serving on the audit committee/ Risk management committee and or ICT steering committee. * In-depth understanding of internal auditing, risk management, financial management, information technology, human resources management and municipal legislation. ‘Industry related certifications such as the following will be an added advantage: CRM-PRAC, CIA, CISA, CFE, CFP Previous experience of serving as a member or Chairperson an ICT Steering Committee or on an Audit Committee providing ICT expertise from an oversight perspective will be an added advantage. Responsibilities: © Fulfill oversight over financial internal controls, risk management and governance. * Ensure compliance with applicable laws and regulations. Regulate and discharge responsibilities as contained in the Risk Management Committee Charter and © Provide oversight on the work of the risk management unit in line with the risk management committee Charter. Review the institution's risk identification and assessment methodologies to obtain reasonable assurance of the completeness and accuracy of the risk register. Evaluate the effectiveness of mitigating strategies to address the material risks of the Institution. Review the fraud prevention policy and recommend for approval by the Accounting Officer. Evaluate the effectiveness of the implementation of the fraud prevention policy. Review any material findings and recommendations by assurance providers on the system of risk management and monitor that appropriate action is instituted to address the identified weaknesses. Remuneration: The appointed candidates will be remunerated for the time spent at meetings at rates approved by the BCMM Council. PLEASE NOTE: NB: Written applications accompanied by a comprehensive CV, originally certified copies of qualifications and ID, and a motivation to serve as a Chairperson or member of the risk Management Committee must be sent by post or hand delivered to: BY POST: The City Manager Buffalo City Metropolitan Municipality P 0 Box 134, East London 5200 BY HAND: The City Manager Buffalo City Metropolitan Municipality Trust Centre, 10th Floor Corer Oxford/ North End Streets East London, 5201 Faxed or e-mailed applications and those without the relevant accompanying documents will not be considered. All qualifications and references will be verified. Further enquiries may be directed to Ms. S.P Xoki at telephone No. (043) 705 9086 during office hours. CLOSING DATE: 26" July 2022 at 12H00 Applicants who are not invited for interviews within (30) working days should regard their application as having been unsuccessful as correspondence will only be limited to short-listed candidates. (5184) DATs