Organisational Risk Manager

The purpose of this qualification is to prepare a learner to operate as an Organisational Risk Officer. The responsibility of an Organisational Risk Officer is to plan, organise, direct and control activities relating to risk management in order to guide the organisation in achieving its objectives. A qualified learner will be able to: • Obtain risk management mandate and commitment. • Develop a risk management framework, strategy and protocol. • Implement the framework, strategy and protocols for managing risk. • Institutionalise and facilitate the embedding of risk management. • Monitor and evaluate the effectiveness and efficiency of the risk management framework and embedded practices. • Continually improve the risk management framework, strategy, protocols and processes.

Management of risk is a key issue for all organisations hence, Risk Management is a growing discipline coupled with increasing Governance and Compliance requirements in South Africa as highlighted in the King III report and entrenched with legislative and regulatory prescripts. Organisations also need to be achieving their objectives more efficiently and managing their risks proactively to protect the sustainability of their organisation. This qualification is aimed at providing the labour market with competent Risk Officers to address the ever increasing need for practitioners that could guide industry on matters related to risk management. Various Risk Management codes and guidelines exist which strive to guide organisations in the design, implementation and maintenance of risk management processes that are consistent and value adding throughout all levels of an organisation. The South African Risk Management fraternity, as represented by IRMSA, has standardised on ISO 31000. To achieve this, it is imperative that organisations have access to adequate risk management skills which include theoretical knowledge that has been practically applied. The Risk Officer Qualification is required to equip learners with the theoretical knowledge of Risk Management, based on best practice as well as the skills for design, implementation and embedding of risk management. The skills will be developed in practice and through work experience and enable the learner to add value in an organisation through the consistent implementation of risk management and grow as a contributor and leader in the discipline of risk management at a higher level within the organisation. The qualification will also enhance the development of Risk Officers into roles of leadership in risk management. The Risk Officer is responsible to manage all processes of the Risk Framework as prescribed by ISO 31000 by ensuring the underpinning principles are entrenched and supporting processes developed and sustained.

Recognition of Prior Learning (RPL): RPL for access to the external integrated summative assessment: Accredited providers and approved workplaces must apply the internal assessment criteria specified in the related curriculum document to establish and confirm prior learning. Accredited providers and workplaces must confirm prior learning by issuing a statement of result or certifying a work experience record. Recognition of Prior Learning (RPL) for access to the qualification: Accredited providers and approved workplaces may recognise prior learning against the relevant access requirements. Entry Requirements: The access to this qualification is granted to applicants with: • A NQF Level 6 qualification. Or • 5 years experience in risk management.

• Develop the proficiency to institutionalise and facilitate the embedding principles of risk management.
• Develop the competencies required to design and implement risk management framework, strategy and protocol.
• Monitor and evaluate the effectiveness and efficiency of the risk management framework and embedded practices.