Joseph Rakauoane CA (L), PIA (IIASA),

Experience

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  Lesotho Mounted Police Sservices

  Sept 1997 - Mar 2004

  Police Officer

  Trained as Police Recruit from 1st October 1997 to 30th August 1998.Promoted to the rank of Trooper on 30th August 1998 and served as a Police Officer at Maseru Central Charge office Beat office. My responsibilities included monitoring of Maseru streets to ensure crime prevention. Reporting and investigating all suspicious and un usual movement and acts of people in the street. To protect and ensure public, public properties and businesses.In 1999 I worked at Criminal Investigation Division usually referred to as CID as investigator who wore private clothing. Responsibilities included investigation of criminal cases including common theft, fraud, murder, house breaking, etc.In 2000 I worked at Central Charge Office registry as a Registry clerk responsible for records keeping and administratively assisting the District Senior Police Central (Dispol Central) with clerical duties for the Central Charge Office.In 2002 I worked at Police Head Quaters in Accounts division responsible for payroll administration.In 2004 I left Lesotho Mounted Police Services to work at Central Bank of Lesotho Show less

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  Central Bank of Lesotho

  Mar 2007 - Jan 2010

  National Payment System Analyst and Staff

  To Execute the Central Bank duty of examining the commercial banks ontheir risk management with regard to their Payment Systems.

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  Official Lesotho PostBank

  Apr 2010 - Feb 2012

  Chief Internal Auditor

   To oversee the entire Internal Audit Department effectively by developing and reviewing the annual audit plan, assigning audits activities to Internal Audit staff, reviewing the audit programs, audit working papers and audit reports before they can be presented to the Board Audit committee. Lead the Internal Audit department ensuring that there are enough resources competences and skills to carry out its mandate. Lead in carrying out independent appraisal of effectiveness of the Bank policies, procedures and standards by which the Bank financial and physical resources are managed. Acts as an evaluator in the business risk management process and carries out value for money reviews, thereby assisting the management in the effective discharge of their responsibilities eventually assisting in efficiency maximization. To lead the development of Audit Methodology and regularly update it in line with changes in environment. Ensure that Internal Audit function follows Audit Methodology as guidance in executing the audit assignments.  Advise management from time to time on risk issues that require their special attention. Participate in the development of the bank strategy and through and ensuring that Internal Audit Plan is supportive to the bank strategy. Liaise with key external stakeholders of the bank which include among others External Auditors, Financial Institution regulator and other Assurance Providers. Show less

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  Nedbank

  Feb 2012 - Mar 2022

  Purpose:  To lead the Risk Management Department, including Risk Champions through entire bank, in implementing, operationalizing and embedding Nedbank Lesotho Risk Management Framework.  To regularly develop Risk Management strategy that supports the achievement of the Bank business strategic objective.  Driving the implementation of Risk Management Culture through the entire bank.  Lead in advising the Nedbank Lesotho Board about major emerging and existing risks that the Bank faces and remediation plan and progress thereon. Lead Risk Management staff including Risk Champions, through motivating, coaching and tracking of performance to ensure that the desired performance is achieved.More detailed Objectives Lead/Chair Enterprise Risk Management Committee (ERCO) to achieve effective identification of emerging risks, risk assessment, risks monitoring, action plans on risk issues and reporting on risk status. Lead in coordination of Risk Management by leading the assessment of key operational processes and thereby minimizing the financial losses (17 risk categories facing the bank. Eg, Regulatory risk, Governance and Compliance risk, Credit Risk, etcEnsure the business fully complies with risk standards by revising business risk process guidelines. Support the achievement of the business strategy, objectives and values by understanding Nedbank risk strategy and Plan.Identify training courses and career progression for self through input and feedback from management. Ensure all personal development plan activities are completed within specified timeframe. Share knowledge and industry trends with team and stakeholders during formal and informal interaction. Lead the team in facilitating the development and updating of the Master Risk Profile of the bank. Show less  To oversee the entire Internal Audit Department effectively by developing and reviewing the annual audit plan, assigning audits activities to Internal Audit staff, reviewing the audit programs, audit working papers and audit reports before they can be presented to the Board Audit committee. Lead the Internal Audit department ensuring that there are enough resources competences and skills to carry out its mandate. Lead in carrying out independent appraisal of effectiveness of the Bank policies, procedures and standards by which the Bank financial and physical resources are managed. Acts as an evaluator in the business risk management process and carries out value for money reviews, thereby assisting the management in the effective discharge of their responsibilities eventually assisting in efficiency maximization. To lead the development of Audit Methodology and regularly update it in line with changes in environment. Ensure that Internal Audit function follows Audit Methodology as guidance in executing the audit assignments.  Advise management from time to time on risk issues that require their special attention. Participate in the development of the bank strategy and through and ensuring that Internal Audit Plan is supportive to the bank strategy. Liaise with key external stakeholders of the bank which include among others External Auditors, Financial Institution regulator and other Assurance Providers. Show less

  • Head: Enterprise Wide Risk Management

    May 2017 - Mar 2022

  • Chief Internal Auditor

    Feb 2012 - May 2017
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  Lesotho Communications Authority

  Aug 2021 - Jul 2024

  Member of Finance Risk and Audit Committee at Lesotho Communications Authority

  To serve the Finance, Risk and Audit Committee as a Technical expert in the same disciplines.To lead, through FRAC and advise the Authority on its journey to the betterment of the Internal Control environment and Good Corporate Governance. To assess and give advice on the annual Internal Audit plan, Risk Management Plan and Financial plan in the FRAC committee. To ensure that the authority adequately addresses the gap identified by the Audit and Risk management functions including external Audit. Show less

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  Lesotho Institute of Accountants

  Apr 2022 - Dec 2022

  Technical Manager

   To re-establish the Audit and Accounting Profession regulatory function by mid-2023  To lead in Independent Quality Reviews on External Audit Accounting Practitioners To lead in delivering the Financial Reporting technical support to the Members of the Lesotho Institute of Accountants. Eg IFRS reporting To provide for training, education, and examination by the Institute or any other body of persons practicing or intending to practice the profession of accountancy: To set the standards and rules governing the practice and ensure that compliance with these is maintained Show less

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  Econet Financial Services

  Jan 2023 - Jan 2023

  Risk and Compliance Manager

  Supporting the General Manager Sasai Econet Financial Services by developing and implementing the risk management framework

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  Lesotho National Development Corporation

  Feb 2023 - Aug 2024

  Internal Audit Manager/Head

  Leading in development and imlementation of Internal Audit framework and risk based methodology. Lead in development and execution of Risk Based Internal Audit plan on anual basis. Through execution of Risk Based Audit, play advisory role to Management and the board on potential strategic risk. Lead Internal Audit department team with the objective of achieving maximum efficiency and effective improvement on Corporation operations.

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  Lesotho Tourism Development Corporation

  Jun 2023 - now

  Member of Tourism Leavy Committee
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  Econet Telecom Lesotho

  Sept 2024 - now

  General Manager- Risk