Snr Manager: Governance LossControl&PFMA

Operating Division:Transnet Rail Infrastructure Manager (TRIM)
Employee Group:Permanent
Department:TR-FIN-Compliance & Governance-PKT
Location:Parktown
Reporting To:General Manager: Finance
Grade:D
Reference:req5675

The closing date is on It is the responsibility of the applicant to ensure that HR has received the application before the closing date of the advertisement.

Position Purpose

Proactively establish and maintain a sound internal control, PFMA governance and loss control environment to assist in the improvement of organisational operational activities towards the efficient and effective attainment of TRIM’s goals and objectives. The role supports the Head: Governance and Audit Liaison by providing specialised oversight of PFMA compliance, irregular expenditure, fruitless and wasteful expenditure, SCM governance, loss control matters and related governance breaches, including support for internal and external audit queries, evidence preparation, root cause analysis, management responses and corrective action tracking in these areas.

Position Outputs

• Develop control frameworks, assist the business in the embedment of policies, procedures and the socialising and/or ensuring awareness of approved documented control frameworks by the Process Owners and the Internal control Champion.
• Drive Control self-assessments by ensuring that business process owners adhere to the requirement to complete regular assessments and analysis of results.
• Ensure a sound internal control environment within the organisation by reviewing reports (ITM, CSA, PFMA, Audit reports, etc.), identify any control deficiencies and implement measures to address these.
• Participate in Special Projects and adhoc requests from management and Group that deal with internal controls.
• Contribute to the development of the strategic goals and objectives of the Governance and Audit Liaison department e.g. (Business Plan, policies & programs) aligned to best practice and Group strategic goals and manage the implementation thereof.
• Develop, manage and enhance scalable compliance program/s with effective program elements that mitigate all areas of operational & financial risk and ensure sustainable controls commensurate with the risk appetite and growth of TRIM.
• Monitor and provide advice on measures to ensure compliance to TRIM and Transnet policies and procedures.
• Analyse and interpret the financial environment to assess risks and ensure that the department is monitoring activities that address relevant risks. Maintain and update the financial risk register for TRIM Finance.
• Ensure that all GMs and TRIM Finance Heads are timeously and accurately kept abreast of all significant/long outstanding audit findings before same is escalated to the Transnet EXCO. Assist where possible to ensure that the
ITM is updated with the correct action plans and that they are relevant and up to date.
• Ensure that an effective ITM dashboard of all internal control activities within TRIM is maintained and presented to the Governance Steering Committee in TRIM (and other relevant Transnet approved committee) for proper decision-making and action.
• Promote robust discussions around all matters on the ITM dashboard ensuring that it fairly reflects the overall status of internal controls in TRIM.
• Liaise with managers at the different locations within the OD to project manage OD wide projects to enhance controls and to adequately manage risk identified through internal audits and the results of controls self assessments.
• Establish/define/initiate/refine and manage the Critical Financial Reporting Controls (CFRC) and Business Critical Controls.
• Investigate and report on material transactions on an ongoing basis to ensure that such transactions bear evidence of segregation of duties and compliance to DOAs in TRIM.
• Lead and manage the team; manage the cost centre and audit budget Advise and reflect on the adequacy and effectiveness of financial risks and controls and ensure that internal controls are improved where weaknesses in the SAP system are identified.
• Integrate efforts on improvement of internal controls through liaison with the Legal department’s Forensic section and consideration of the reason/s as to how controls were bypassed or were not adequate in design.
External audit, PFMA and governance liaison support
• Support external audit matters relating to PFMA compliance, irregular expenditure, fruitless and wasteful expenditure, SCM governance, contract deviations, delegations of authority, loss control and governance breaches by coordinating evidence, reviewing management responses and tracking corrective actions to closure.
• Review audit evidence packs for completeness, factual accuracy, traceability and alignment to PFMA, Treasury Regulations, Companies Act, SCM governance requirements, Transnet policies and approved delegations before submission to the Head: Governance and Audit Liaison.
Liaise with SCM, Legal, Risk, Compliance, Forensics, Shared Services, Finance Heads and process owners to resolve audit queries and ensure sustainable remediation of PFMA, loss control and governance-related findings.
• Identify repeat external audit findings in PFMA, SCM governance and loss control areas and recommend practical control improvements to prevent recurrence.

Qualifications and Experience

• Honours degree in Finance, Internal Auditing/Accounting or Company Law
• Minimum 8-10 years' experience in Finance/SCM Compliance and governance or internal audit environment with at least 5 years at a management level
• Certified Internal Auditor would be added advantage
• Registered CA (SA) is an added advantage
• Requirement of trust and honesty in the handling of finances as per the National Credit Act Amendment 19
• Must undergo Lifestyle Audit
• Standard Job Requirements
• Driver’s license code 08
• Travel as required and approved

Competencies

• Strategy & Sustainability
• Strategic Thinking
Formulates strategies and business plans to achieve the overall organisation’s direction.
• Commercial Awareness
Keeps abreast of internal and external factors that can impact the business
• Innovating
Generates new ideas or solutions by thinking "outside of the box"; reviews current processes or systems and identifies ways to optimise them
• Inspirational Leadership
• Inspiring People
Inspires, motivates and empowers team members to do their best
• Managing Talent
Provides clear direction and sets performance standards/requirements for the team
• Leading Change
Leads and directs change initiatives.
• Embracing Diversity
Leads and promotes equal opportunity and has an appreciation for diversity in the workplace
Business Performance and Delivery
• Lead Business Performance
Leads the business to be more efficient and effective
• Strategic Decision Making
Is decisive and takes full accountability for decisions
• Business Acumen
Understands and deals with various business situation using obtained knowledge and a broad spectrum of expertise
• Analysing
Thinks in a systemic way but is open to new approaches
• Relationship Management
• Communicating Effectively
Communicates the business strategy and objectives in a clear and manner
• Collaborating and Networking
Build wide and effective relationships with people inside and outside of the organisation to help achieve the organisations goals and objectives
• Service Orientated
Leads by example; strives for a customer centric culture where everyone acts with the customer in mind
• Persuading and influencing
Is able to persuade and influence those around him/her for the benefit of achieving the organisation/department’s goals and objectives. Identifies and influences key decision makers using strong persuasive techniques and creates a strong personal impression that leads to buy in from others
• Corporate Governance & Compliance
• Leading Governance
Always work in the best interest of the organisation and aligns business practices to ethical obligations and good corporate governance.
Leading Safety Practice
Always work in the best interest of the organisation and aligns business practices to the ethical obligations and good corporate governance
• Leading Safety Practice
• Leading Risk Management
• Personal Mastery
• Learning and Applying Expertise
• Resilience
• Emotional Intelligence
• Vigour & Personal Drive

Equity Statement

Preference will be given to suitably qualified Applicants who are members of the designated groups in line with the Employment Equity Plan and Targets of the Organisation/Operating Division.

Disclaimer

If you have not heard from Transnet within 90 days, please consider your application as unsuccessful.

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