Objectives

The primary objective of this tender is to appoint a service provider to enhance BANKSETA’s risk management capabilities. This includes developing early warning indicators, assessing the organization’s risk-bearing capacity, reviewing and improving the risk management framework, providing risk management training to staff and management, revising the risk appetite and tolerance framework, and reviewing the organization’s risk maturity post-implementation of these activities.

Scope

The scope of work involves working closely with BANKSETA’s business unit managers over an 18-month period to deliver the following:

• Develop a tailored Early Warning Indicator (EWI) framework.
• Create Key Risk Indicators (KRIs) aligned with strategic and operational risks.
• Assess BANKSETA’s risk-bearing capacity.
• Contribute to enhancing the Risk Appetite and Tolerance Framework.
• Review and recommend improvements to the existing Risk Management Framework.
• Conduct annual Risk Maturity Assessments with reports by 31 March each year.
• Design and deliver three enterprise risk management training sessions for management and staff.

Technical Requirements

The service provider must:

• Develop and implement an EWI framework specific to BANKSETA’s operations.
• Develop KRIs aligned with strategic objectives.
• Assess and report on risk-bearing capacity using appropriate methodologies.
• Provide a comprehensive review and gap analysis of the current Risk Management Framework, with improvement recommendations.
• Deliver annual Risk Maturity Assessment Reports, including scoring and analysis.
• Design and facilitate risk management training sessions, focusing on risk awareness and embedding a risk culture.
• Ensure all deliverables are completed within the 18-month contract period.

Skills and Experience Requirements

To qualify, bidders must meet the following minimum criteria:

Company Experience

• Proven experience in developing early warning indicators and KRIs.
• Experience in assessing risk-bearing capacity.
• Conducting risk maturity assessments.
• Providing risk management training.

Bidder must provide details of relevant projects, including project descriptions, client information, and contact details, demonstrating experience in these areas.

Project Team Qualifications

• The team leader must hold a Level 7 qualification in risk management, internal audit, or compliance.
• The team leader must be registered with a recognized professional body such as IRMSA, SAICA, or the Compliance Institute of Southern Africa.
• The team leader must have previously led at least three projects involving development of risk indicators, risk capacity assessments, or risk management training.
• Team members must also have experience in similar projects, with details provided in project experience tables.

Additional Skills

• Strong understanding of enterprise risk management frameworks and best practices.
• Ability to develop tailored risk indicators and frameworks aligned with regulatory and governance standards.
• Effective training and communication skills to build risk awareness across the organization.