PUBLIC INVESTMENT CORPORATION (PIC)

 

Public Investment Corporation SOC Ltd

Private Bag X187

Pretoria 0001

Republic of South Africa

 

The Public Investment Corporation SOC Limited (PIC) is an asset management firm, whose mandate is to make investments in various sectors of the economy on behalf of public sector entities. Amongst our clients are the Government Employees Pension Fund, the Unemployment Insurance Fund and the Compensation Fund. Over the years, we have grown to be amongst the top, large investment managers in South Africa and the rest of the African continent, with current assets under management at just over R3 trillion. At the centre of our growth is a team of self-driven professionals who are results focused. 

 

 

 

We are currently seeking applications from dynamic individuals for the following position: 

 

ETHICS OFFICER: (FIXED TERM CONTRACT- 12 MONTHS) 

• Job Grade: C3-C5 

• Ref: 04/26-01 

Salary: All-inclusive remuneration package 

Centre: Public Investment Corporation (Ethics Office) 

 

Purpose of the role: 

To provide foundational support to the Ethics Office. The incumbent will assist in implementing and monitoring the PIC's ethics management framework. 

 

Requirements:

Minimum Qualifications and experience: 

·       B-degree in Commerce/ Law, Corporate Governance/ Risk Management and Compliance or equivalent. 

·       1-2 years of experience in ethics, compliance, risk, audit or related role. 

·       Experience in financial services or a regulatory environment is highly advantageous. 

 

Duties:

Ethics Risk Assessment Support: 

·       Assist senior ethics specialists in performing, implementing, and monitoring ethics risk and opportunity assessments. 

 

Policy & Process Support: 

·       Assist in the implementation, maintenance, and communication of the PIC's Code of Ethics and related policies. 

 

Declarations and Validations Management: 

·       Assist in the administrative process of managing employee conflict of interest disclosures and other ethical declarations. 

·       Administer the process for gifts, hospitality, and other benefits declarations from staff, ensuring compliance with policy. 

·       Conduct initial reviews and validation of conflicts of interest disclosures submitted by employees, escalating complex cases. 

 

Investment Ethics Support: 

·       Provide direct support in ethics and reputational risk assessments during the due diligence phase of investment reviews. 

·       Assist in the screening of potential investments against the PIC's Code of Ethics and ethics related policies. 

·       Contribute to the maintenance of ethical risk metrics and reporting on screening outcomes for management. 

 

Advisory Support: 

·       Provide preliminary advice on ethics matters to employees, escalating complex issues to an Ethics Specialist or Head of Ethics. 

 

Training & Awareness: 

·       Support the coordination and administration of ethics training programs and awareness initiatives. 

 

Reporting Assistance: 

·       Contribute to the drafting and preparation of reports on ethics management activities for governance committees. 

 

Competencies and skills: 

·       Analytical & Risk-Based Thinking. 

·       Meticulous Attention to Detail. 

·       High Integrity and Discretion. 

·       Communication Skills. 

·       Interpersonal relations. 

·       Ability to work systematically. 

 

 

Our firm values diversity, and excellence and is committed to the realisation of these across all operations and investment activities. If you are dynamic, resilient, agile, disciplined and willing to be part of a team that is focused on creating meaningful change, you are welcome to submit your application for this position. 

 

Closing Date: 22 April 2026 

 

* Grade Range: The grade range for this position is from C3-C5, commensurate with applicable minimum requirements. 

 

The PIC is an equal opportunities employer, aligning appointments with the PIC Employment Equity plan. 

 

Please forward a copy of your comprehensive curriculum vitae to: Recruitment5@pic.gov.za

 

Privacy Notice: By submitting your application, you consent to the PIC processing your personal information as per applicable laws and the PIC Privacy Policy available on the PIC website (www.pic.gov.za). You are free to withdraw your consent at any time, after which, the PIC may cease processing your application.

 

 

 

 

 

 

 We are currently seeking applications from dynamic individuals for the following position: 

 

ETHICS SPECIALIST: (FIXED TERM CONTRACT- 5 MONTHS) 

• Job Grade: D1-D5 

• Ref: 04/26-02 

Salary: All-inclusive remuneration package 

Centre: Public Investment Corporation (Ethics Office) 

 

Purpose of the role: 

The purpose of an ethics specialist is to ensure that an organization operates in compliance with ethical principles, legal standards, and organizational values. Playing a crucial role in fostering a culture of integrity, accountability, and trust within the PIC. 

 

Requirements:

Minimum Qualifications and experience: 

·       B-degree in Commerce/ Law, Corporate Governance/ Risk Management and Compliance or equivalent. 

·       Ethics Officer Certification Program (EOCP) Accredited. 

·       Experience in Ethics and compliance in the financial services industry 

·       Over 5 years relevant experience 

 

Duties:

·       Provide input into the revision of ethics related policies to align with codes of ethics and/or conduct within the PIC. 

·       Assist the Head: Ethics Office in the implementation of ethics related policies, with particular attention to the record-keeping, analysis and evaluation of policies related to Gifts and entertainment, Conflicts of interest and due diligence, Extra-remunerative work, Code of Ethics, Anti-bribery and Anti-Corruption Policy and Whistleblower Policy. 

·       Design and implement ongoing learning and awareness programs on the Code of Ethics and Ethics Related Policies to effect behavioural change within the PIC. 

·       Ensure ethical decision making is embedded in key processes. 

·       Provide guidance and advice to employees, management and the board on ethics-related issues. 

·       Ensure implementation and monitoring of consequence management of ethics related cases. 

·       Implement the ethics communication strategy with the assistance of the communications team. 

·       Provide advisory and safe reporting (‘speak – up’ or whistle blowing) facilities. 

·       Coordinate and implement ethics opportunity and risk assessments (ERAs). 

·       Identify and report on unethical behavior and corrupt activities. 

·       Assist the wider PIC In driving an ethical culture through collaboration with HR, Risk and other inter-related departments. 

·       Conduct ethics assessments on reported unethical conduct. 

·       Contribute to defining scope of investigations and identify ethical breaches post conclusion of investigations. 

Ethics and Reputational Risk Assessments 

·       Conduct Ethics and Reputational Risk Assessments in relation to Investment Transactions. 

·       Present the assessment outcomes at various governance forums. Ensure monitoring adherence to ethical standards and compliance with regulations and guidelines. 

Monitoring and reporting: 

·       Ensure development and maintenance of confidential procedures and systems required for effective handling of allegations related to ethics. 

·       Ensure prompt investigations pursuant to complaints and allegations of ethical misconduct. 

·       Provide regular reports and updates as instructed by the Head: Ethics Office. 

·       Compile Ethics related reports for submission to PIC Committees. 

 

Competencies and skills:

·       Achievement Orientation 

·       Ability to communicate complex issues in both spoken and written form. 

·       Strong detail orientation 

·       Self-starter and ability to take initiative 

·       Stakeholder management 

·       Commercial Business Acumen 

·       Problem solving skills 

·       Strong organisational and project management skills 

 

 

Our firm values diversity, and excellence and is committed to the realisation of these across all operations and investment activities. If you are dynamic, resilient, agile, disciplined and willing to be part of a team that is focused on creating meaningful change, you are welcome to submit your application for this position. 

 

Closing Date: 22 April 2026 

 

* Grade Range: The grade range for this position is from D1-D5, commensurate with applicable minimum requirements. 

 

The PIC is an equal opportunities employer, aligning appointments with the PIC Employment Equity plan. 

 

Please forward a copy of your comprehensive curriculum vitae to: Recruitment5@pic.gov.za

 

Privacy Notice: By submitting your application, you consent to the PIC processing your personal information as per applicable laws and the PIC Privacy Policy available on the PIC website (www.pic.gov.za). You are free to withdraw your consent at any time, after which, the PIC may cease processing your application.

 

 

 

 

 

 

We are currently seeking applications from dynamic individuals for the following position: 

 

DATA ANALYST (RE-ADVERTISEMENT) 

*Job Grade: D3 – D5 

Salary: All-inclusive remuneration package negotiable 

Centre: Public Investment Corporation, Pretoria 

• Ref: DA001 

 

Purpose of the role: 

The Data Analyst is responsible for delivering trusted analytics, reusable data products, quality reporting and actionable insights that enable data driven decision making across investment, operational and corporate functions across the PIC. The role focuses on the full data analytics lifecycle, from business requirements and data analysis through to the design and delivery of data analytical data products, models, visualisation and insights. 

 

Requirements:

·       Bachelors’ Degree in Information Technology, Management Information Systems, Computer Science, Computer Engineering or similar. 

·       Minimum of 6 years’ experience in data analytics, data engineering or analytics role, with at least 4 years’ experience in a financial services institution. 

·       Understanding of asset management and investment data domains, including securities, financial instruments, indices and related market and benchmark data. 

·       Strong understanding of logical and physical data modelling concepts, principles and practices including implementation in relational and cloud-based data platforms (e.g., Azure Synapse, Databricks). 

·       Demonstrated experience using data analysis and transformation tools such as T‑SQL and Python and working within a modern cloud-based analytics ecosystem leveraging platforms such as Microsoft Fabric (including Dataflows / Data Factory, Lakehouse) and Azure analytics services. 

·       Advanced proficiency in Power BI, including complex data modelling, DAX measures, performance optimisation, and development of enterprise-grade dashboard. 

·       Experience with enterprise data visualisation tools such as IBM Cognos, Tableau and ClickView. 

·       Solid understanding of data modelling concepts and analytics architectures. 

·       Exposure to Microsoft Purview or similar data governance and cataloguing tools. 

·       Project management, agile methodology and development life cycle experience. 

·       Relevant Data Analytics &/or Data Engineering certification. 

 

Duties:

·       Conduct data profiling, validation, cleansing, and transformation to ensure data integrity and quality across the analytics lifecycle. 

·       Apply logical and physical data modelling principles to support analytics, reporting, and reusable data assets within relational and cloud-based platforms. 

·       Design, develop and maintain high-quality dashboards and reports through Power BI within Microsoft Fabric, ensuring accuracy, clarity and alignment to business objectives. 

·       Identify and apply appropriate advanced analytics, automation and AI‑enabled capabilities to enhance data products, reporting efficiency and insight generation. 

·       Provide technical guidance, review work outputs and support the development of junior data analysts to ensure consistent quality, adherence to standards and effective delivery of data analytics. 

·       Engage with business stakeholders to gather, analyse, and document reporting and analytics requirements. 

·       Lead the support and ongoing management of data feeds and market data services (e.g., JSE, Bloomberg, Iress, LSEG, MSCI, etc.) ensuring data availability and effective integration into PIC environment. 

·       Provide guidance in the adoption and effective implementation of analytics, reporting and data platform technologies, tools and standards, ensuring solutions are fit‑for‑purpose, scalable, and aligned to enterprise architecture and governance principles. 

·       Apply data quality assurance practices across analytics solutions and support continuous improvement initiatives. 

·       Produce and maintain high-quality technical documentation for data solutions including data source-to-target mappings, logical and physical data models, data dictionaries and transformation rules, report and semantic model specifications. 

·       Support data governance initiatives through collaboration with Data Owners, Stewards, and Governance structures. 

·       Contribute to delivery planning and prioritisation of analytics initiatives. 

 

Competencies and skills: 

• Curiosity and willingness to explore and adopt innovative, automation and AI‑enabled approaches that deliver measurable business value. 

• Solid understanding of data analytics concepts, architectures, and processes. 

• Good knowledge of cloud computing concepts and hosted services. 

• Excellent numerical and analytical (including statistical) skills. 

• Good understanding of agile methodologies, values, and procedures. 

• Proficient in extracting, profiling, manipulating, correcting, and analyzing data. 

• Effective team player with solid leadership and time management. 

• Exceptional analytical, conceptual and problem-solving abilities. 

• Good knowledge of applicable data privacy practices and laws. 

• Ability to multitask and work under pressure with minimal supervision. 

• Ability to create and maintain written technical, user, and system documentation. 

• Good team player with excellent interpersonal and organisational skills. 

• Relationship Management. 

• High attention to detail. 

• Customer centricity. 

 

 

Our firm values diversity and excellence and is committed to realising these across all operations and investment activities. If you are dynamic, resilient, agile, disciplined and eager to be part of a team that is focused on creating meaningful change, you are encouraged to apply for this position.

 

Closing Date: 24 April 2026 

 

* Grade Range: The grade range for this position is from D3 – D5, commensurate with applicable minimum requirements. 

 

The PIC is an equal opportunity employer and aligns appointments with its Employment Equity Plan. 

 

Please forward a copy of your comprehensive curriculum vitae to: Recruitment1@pic.gov.za

 

Privacy Notice: By submitting your application, you consent to the PIC processing your personal information as per applicable laws and the PIC Privacy Policy available on the PIC website (www.pic.gov.za). You are free to withdraw your consent at any time, after which, the PIC may cease processing your application.

 

 

 

 

 

 

 We are currently seeking applications from dynamic individuals for the following position: 

 

AML COMPLIANCE ADMINISTRATOR (FIXED TERM CONTRACT – 6 MONTHS) 

• *Job Grade: C1 – C5 

• Ref: COMAD01 

Salary: All-inclusive remuneration package negotiable 

Centre: Public Investment Corporation, Pretoria 

 

Purpose of the role: 

To enable the Compliance Division to accelerate the remediation of overdue KYC files; ensure timely compliance with regulatory requirements and reduce the risk of regulatory penalties and reputational damage. 

 

Requirements:

·       Minimum qualifications and experience: 

·       Degree in Commerce/Law or equivalent related qualification. 

·       2 – 4 years relevant experience as AML Officer in the Financial Sector (preferably in the investment management industry and/ or unlisted investments)

·       Knowledge of FICA and other AML prescripts. 

 

Duties:

·       Reviewing FICA related information and documentation received from investee companies and clients. 

·       Screening all the entities and their representatives for purpose of Sanctions and PEP identification. 

·       Risk rating using the approved risk matrix tool. 

·       Capturing newly added entities and their representatives on the screening system for the purpose of ongoing monitoring, and maintenance thereof. 

·       Drafting FICA and KYC Compliance Certificates for all compliant relationships. 

·       Ensuring that PIC has the most accurate active database with clear recordal of ongoing due diligence trigger dates. 

·       Compiling status update reports to be submitted to Committees and other relevant stakeholders. 

 

Competencies and skills: 

·       Excellent communication and presentation skills 

·       Time and project management skills 

·       Performance and result oriented 

·       Ability to work well under pressure 

·       Problem solving 

·       Customer service oriented 

·       Good report writing skills. 

·       Good communication skills (verbal and written). 

·       Project management skills. 

 

 

Our firm values diversity, and excellence and is committed to the realisation of these across all operations and investment activities. If you are dynamic, resilient, agile, disciplined and willing to be part of a team that is focused on creating meaningful change, you are welcome to submit your application for this position. 

 

Closing Date: 23 April 2026 

 

*Grade Range: The grade range for this position is from C1 – C5, commensurate with applicable minimum requirements. 

 

The PIC is an equal opportunities employer, aligning appointments with the PIC Employment Equity plan. 

 

Please forward a copy of your comprehensive curriculum vitae, quoting the position reference number, to: Recruitment4@pic.gov.za

 

Privacy Notice: By submitting your application, you consent to the PIC processing your personal information as per applicable laws and the PIC Privacy Policy available on the PIC website (www.pic.gov.za). You are free to withdraw your consent at any time, after which, the PIC may cease processing your application.

 

 

 

 

 

 

 

 

 

 

 

 

 

THIS IS A RE-ADVERTISEMENT. CANDIDATES WHO PREVIOUSLY APPLIED NEED NOT RE- APPLY.

 

 We are currently seeking applications from dynamic individuals for the following position: 

 

CHIEF INVESTMENT OFFICER – LISTED INVESTMENTS (RE-ADVERTISEMENT) 

• *Job Grade: F band 

• Employment type: Five-year fixed-term 

• Ref: CIOLI326 

Salary: All-inclusive remuneration package negotiable 

Centre: Public Investment Corporation, Pretoria 

 

Purpose of the role: 

The Chief Investment Officer, Listed Investments, provides strategic leadership and oversight of the corporation’s listed investments portfolio. This role ensures optimal risk-adjusted returns, strong governance, and alignment with the company’s long term financial and sustainability objectives. The CIO, Listed Investments, oversees investment strategy, asset allocation, manager selection, and portfolio performance across all listed asset classes. 

 

Minimum Requirements:

·       At least 10 years of Senior Management experience in the investment management industry with significant experience in managing listed investment portfolios over multiple market cycles. 

·       Demonstrated expertise in portfolio management, asset allocation, and manager selection. 

·       3 years in Executive leadership/Top Management. 

·       Master’s degree (Finance, Economics, Investment Management, or Related). 

 

Preferred Qualifications and Experience: 

·       15+ years of relevant Senior Management experience. 

·       5+ years Executive/Top Management experience. 

·       Professional designation or Registration, CFA, CA (SA), Pr.Eng designation or Equivalent. 

·       FAIS RE 01, RE 03 and RE 05 Certificate or must be obtained within 6 months of employment 

 

Key Responsibilities 

1. Strategic Leadership & Investment Governance 

·       Develop and execute an investment strategy aligned with corporate objectives and shareholder expectations. 

·       Lead creation and continuous refinement of the Investment Policy Statement and strategic asset allocation framework. 

·       Provide thought leadership on capital markets, global trends, and evolving investment opportunities. 

2. Portfolio Management & Optimisation 

·       Oversee multi-asset listed investment portfolios across equities, fixed income, listed property, ETFs, and index strategies. 

·       Ensure portfolios deliver competitive long-term performance through evidence-based, research-driven decision-making. 

·       Direct implementation of investment strategies, including active, passive, factor-based, and thematic mandates. 

3. Manager Selection & Oversight 

·       Lead selection, due diligence, appointment, and monitoring of external asset managers. 

·       Evaluate mandate performance, investment processes, and risk profiles of all external managers. 

4. Risk Management & Regulatory Compliance 

5. Research, Analytics & Market Intelligence 

6. Leadership & Stakeholder Engagement 

 

Minimum Technical/Core Skill Requirement: 

·       Proven leadership experience in managing an investment team in a large institutional or asset management environment. 

·       Strong understanding of global markets, financial modelling, risk analytics, and regulatory frameworks. 

·       Exceptional communication skills and board-level presentation experience. 

·       Industry knowledge and experience. 

·       Advanced Strategic skills. 

·       Compliance management. 

·       Risk-aware decision-making and management. 

·       Pro-active thinking. 

·       Information systems. 

·       Inter-personal relations. 

·       Analytical.

·       Planning and managing resources. 

·       Presentation skills. 

·       Strategic and analytical thinking. 

·       Asset allocation knowledge. 

·       Strong governance and ethical orientation. 

·       Leadership and team development. 

·       Innovation and adaptability. 

 

 

Our firm values diversity, and excellence and is committed to the realisation of these across all operations and investment activities. If you are dynamic, resilient, agile, disciplined and willing to be part of a team that is focused on creating meaningful change, you are welcome to submit your application for this position. 

 

Closing Date: 24 April 2026 

 

The PIC is an equal opportunities employer, aligning appointments with the PIC Employment Equity plan. 

 

Please forward a copy of your comprehensive curriculum vitae to: Recruitment1@pic.gov.za

 

Privacy Notice: By submitting your application, you consent to the PIC processing your personal information as per applicable laws and the PIC Privacy Policy available on the PIC website (www.pic.gov.za). You are free to withdraw your consent at any time, after which, the PIC may cease processing your application.

 

 

 

 

 

 

THIS IS A RE-ADVERTISEMENT. CANDIDATES WHO PREVIOUSLY APPLIED NEED NOT RE- APPLY.

 

We are currently seeking applications from dynamic individuals for the following position: 

 

CHIEF INVESTMENT OFFICER – PROPERTIES AND INFRASTRUCTURE (RE-ADVERTISEMENT) 

• *Job Grade: F band 

• Employment type: Five-year fixed-term 

• Ref: CIOIP326 

Salary: All-inclusive remuneration package negotiable 

Centre: Public Investment Corporation, Pretoria 

 

Purpose of the role: 

Provides strategic leadership of the Unlisted Properties and Infrastructure investment portfolio. This role is responsible for defining, leading, and executing the PIC’s Property and Infrastructure investment strategies across direct, indirect properties and related asset classes. The CIO should ensure that investments deliver long‑term value, are selected and monitored through rigorous due diligence, meet portfolio‑level strategic goals, comply with regulatory and governance standards and deliver on the targeted returns. 

 

Minimum Requirements: 

·       At least 10 years of Senior Management experience in the property and infrastructure investment or financing industry, with significant experience in managing related investment portfolios over multiple market cycles. 

·       Demonstrated leadership experience in managing investment teams in a large institutional or asset-management environment. 

·       Demonstrated involvement in infrastructure development sectors (e.g., energy, transport, water, telecoms). 

·       Understanding of policy, regulatory environments, and the investment landscape governing infrastructure assets. 

·       Experience in modelling, due diligence, feasibility studies, or PPPs (public–private partnerships). 

·       3 years in Executive leadership/Top Management. 

·       Master’s degree (Property/Real Estate, Finance, Engineering, Economics, or Related) 

 

Preferred Qualifications and Experience: 

·       15 years+ relevant Senior Management Experience. 

·       5 years + relevant Executive/ Top Management experience. 

·       Postgraduate degree (Master’s level) in property-related studies/Infrastructure/Finance/ Engineering or related. 

·       Professional designation(s) related to the field of work are advantageous/ CFA, CA (SA), Pr.Eng designation or equivalent. 

·       FAIS RE 01, RE 03 and RE 05 Certificate or must be obtained within 6 months of employment. 

 

Key Responsibilities 

1. Private Markets Strategy & Leadership 

·       Develop and execute comprehensive, multi‑year properties and Infrastructure investment strategies per unlisted asset class aligned with client investment mandates and organisational objectives. 

·       Shape the investment philosophy, asset‑class frameworks, pacing models, and long‑term deployment strategies. 

·       Lead strategic initiatives to scale private‑markets capabilities and harmonise processes. 

2. Portfolio Construction & Oversight 

·       Oversee diversified property and infrastructure portfolios across buyout, venture, credit and other unlisted asset classes. 

·       Manage capital pacing, liquidity planning, and long‑term asset allocation. 

·       Optimise risk‑adjusted returns and ensure alignment with long‑term strategic benchmarks.

3. Investment Selection, Due Diligence & Execution 

4. Valuation, Reporting & Governance 

5. Value Creation & Portfolio‑Company Engagement 

·       Drive operational and strategic value creation initiatives. 

6. Risk Management & Compliance 

7. Leadership & Team Development 

8. Stakeholder Engagement & Communication 

Competencies and skills: 

 

Minimum Technical/Core Skill Requirement: 

·       Proven leadership experience in managing an investment team in a large institutional or similar environment. 

·       Strong understanding of global markets, financial modelling, risk analytics, valuation, underwriting, and regulatory frameworks. 

·       Experience in infrastructure investment, project finance, economic analysis, or infrastructure consulting. 

·       Knowledge of policy and regulatory environments governing infrastructure sectors. 

·       Experience with feasibility studies, financial models, due diligence, or public–private partnerships. 

·       Understanding of international infrastructure standards and economic regulations. 

·       Facilities management. 

·       Properties and project management skills. 

·       Deep financial and investment knowledge in all sectors of infrastructure financing 

·       Exceptional communication skills and board-level presentation experience. 

·       Industry knowledge and experience. 

·       Risk-aware decision-making and management. 

·       Strong analytical and problem-solving capability. 

·       Ability to manage complex projects in multi-stakeholder environments. 

·       Planning and managing resources. 

·       Strategic and analytical thinking. 

·       Asset allocation knowledge. 

·       Strong governance and ethical orientation. 

·       Leadership and team development. 

·       Innovation and adaptability. 

·       Strategic foresight. 

·       Strong communication and stakeholder management. 

·       Adaptability and long‑term thinking. 

 

 

Our firm values diversity, and excellence and is committed to the realisation of these across all operations and investment activities. If you are dynamic, resilient, agile, disciplined and willing to be part of a team that is focused on creating meaningful change, you are welcome to submit your application for this position. 

 

Closing Date: 24 April 2026 

 

The PIC is an equal opportunities employer, aligning appointments with the PIC Employment Equity plan. 

 

Please forward a copy of your comprehensive curriculum vitae to: Recruitment1@pic.gov.za

 

Privacy Notice: By submitting your application, you consent to the PIC processing your personal information as per applicable laws and the PIC Privacy Policy available on the PIC website (www.pic.gov.za). You are free to withdraw your consent at any time, after which, the PIC may cease processing your application.

 

 

 

 

 

 

THIS IS A RE-ADVERTISEMENT. CANDIDATES WHO PREVIOUSLY APPLIED NEED NOT RE-APPLY.

 

We are currently seeking applications from dynamic individuals for the following position: 

 

CHIEF INVESTMENT OFFICER – UNLISTED INVESTMENTS (RE-ADVERTISEMENT) 

• *Job Grade: F band 

• Employment type: Five-year fixed-term 

• Ref: CIOUI326 

Salary: All-inclusive remuneration package negotiable 

Centre: Public Investment Corporation, Pretoria 

 

Purpose of the role: 

Provides strategic leadership of the unlisted investment portfolio. This role is responsible for defining, leading, and executing the organisation’s private‑markets investment strategy across private equity, private credit and other illiquid alternative asset classes. The CIO should ensure that private-market investments deliver long‑term value, are selected and monitored through rigorous due diligence, meet portfolio‑level strategic goals, comply with regulatory and governance standards and deliver on the targeted returns. 

 

Minimum Requirements: 

·       At least 10 years of Senior Management experience in the investment management industry with significant experience in managing unlisted investment portfolios over multiple market cycles. 

·       Demonstrated expertise in portfolio management, due diligence, and general partner oversight. 

·       3 years in Executive leadership/Top Management. 

·       Master’s degree (Finance, Economics, Investment Management, or Related). 

 

Preferred Qualifications and Experience: 

·       15+ years of relevant Senior Management experience. 

·       5+ years in Executive leadership/Top Management. 

·       Professional designation or Registration, CFA, CA (SA), Pr.Eng designation or equivalent. 

·       FAIS RE 01, RE 03 and RE 05 Certificate or must be obtained within 6 months of employment. 

 

Key Responsibilities 

1. Private Markets Strategy & Leadership 

·       Develop and execute a comprehensive, multi‑year private‑markets investment strategy per unlisted asset class aligned with client investment mandates and organisational objectives. 

·       Shape the investment philosophy, asset‑class frameworks, pacing models, and long‑term deployment strategies. 

·       Lead strategic initiatives to scale private‑markets capabilities and harmonise processes. 

2. Portfolio Construction & Oversight 

·       Oversee diversified private‑markets portfolios across buyout, venture, credit and other unlisted asset classes. 

·       Manage capital pacing, liquidity planning, and long‑term asset allocation. 

·       Optimise risk‑adjusted returns and ensure alignment with long‑term strategic benchmarks.

3. Investment Selection, Due Diligence & Execution 

4. Valuation, Reporting & Governance 

5. Value Creation & Portfolio‑Company Engagement 

·       Drive operational and strategic value creation initiatives. 

6. Risk Management & Compliance 

7. Leadership & Team Development 

8. Stakeholder Engagement & Communication 3 

 

Competencies and skills: 

Minimum Technical/Core Skill Requirement: 

·       Proven leadership experience in managing an investment team in a large institutional or asset management environment. 

·       Strong understanding of global markets, financial modelling, risk analytics, valuation, underwriting and regulatory frameworks. 

·       Exceptional communication skills and board-level presentation experience. 

·       Industry knowledge and experience. 

·       Advanced strategic skills. 

·       Compliance management. 

·       Risk-aware decision-making and management. 

·       Pro-active thinking. 

·       Information systems. 

·       Inter-personal relations. 

·       Analytical.

·       Planning and managing resources. 

·       Presentation skills. 

·       Strategic and analytical thinking. 

·       Asset allocation knowledge. 

·       Strong governance and ethical orientation. 

·       Leadership and team development. 

·       Innovation and adaptability. 

·       Strategic foresight. 

·       Analytical strategy. 

·       Governance and fiduciary discipline. 

·       Communication and stakeholder management. 

·       Adaptability and long‑term thinking. 

 

Our firm values diversity, and excellence and is committed to the realisation of these across all operations and investment activities. If you are dynamic, resilient, agile, disciplined and willing to be part of a team that is focused on creating meaningful change, you are welcome to submit your application for this position.

 

Closing Date: 24 April 2026 

 

The PIC is an equal opportunities employer, aligning appointments with the PIC Employment Equity plan. 

 

Please forward a copy of your comprehensive curriculum vitae to: Recruitment1@pic.gov.za

 

Privacy Notice: By submitting your application, you consent to the PIC processing your personal information as per applicable laws and the PIC Privacy Policy available on the PIC website (www.pic.gov.za). You are free to withdraw your consent at any time, after which, the PIC may cease processing your application.

 

 

 

 

 

 

THIS IS A RE-ADVERTISEMENT. CANDIDATES WHO PREVIOUSLY APPLIED NEED NOT RE- APPLY.

 

We are currently seeking applications from dynamic individuals for the following position: 

 

CHIEF OPERATING OFFICER (RE-ADVERTISEMENT) 

• *Job Grade: F band 

• Employment type: Five-year fixed-term 

• Ref: COO327 

Salary: All-inclusive remuneration package negotiable 

Centre: Public Investment Corporation, Pretoria 

 

Purpose of the Role 

The Public Investment Corporation SOC Ltd (PIC), one of Africa’s largest asset managers, is seeking an experienced and dynamic Chief Operating Officer (COO) to provide strategic, operational, and organisational leadership across the business. This executive role is pivotal in driving operational excellence, ensuring effective governance, and enabling the organisation to deliver on its strategic mandate. 

The COO will oversee multiple functions, optimise business processes, strengthen stakeholder relationships, and ensure the organisation operates at the highest standards of performance, ethics, and compliance. 2 

 

Minimum Requirements: 

·       At least 10 years of Senior Management experience with significant experience in managing business operations, within the asset management or financial services sector. 

·       3 years in Executive leadership/Top Management. 

·       Master’s degree (MBA, MBL or equivalent). 

·       Strong technical knowledge of governmental regulations, compliance requirements and policy considerations. 

 

Preferred Qualifications and Experience: 

·       15+ years of relevant Senior Management experience. 

·       5+ years of relevant Executive experience. 

 

Key Responsibilities 

Operational Leadership 

·       Overseeing the development and implementation of operational strategies, policies, and systems to support effective execution of the PIC’s mandate. 

·       Leading enterprise-wide operational functions to ensure efficiency, service excellence, and aligned performance. 

 

Governance, Risk, and Compliance 

·       Ensuring adherence to all regulatory, legal, and governance requirements across the business. 

·       Strengthening internal controls, operational risk management, and compliance standards. 

 

Organisational Performance and Transformation 

·       Driving performance culture, ensuring alignment with organisational goals and values. 

·       Leading transformation initiatives, including diversity, inclusion, and employment equity priorities. 

 

Process Optimisation and Innovation 

·       Championing continuous improvement, automation, and operational innovation. 

·       Ensuring processes, systems, and technologies support best-practice asset management operations. 

 

Stakeholder Management 

·       Maintaining effective relationships with internal and external stakeholders, including clients, regulators, partners, and service providers. 

·       Supporting the CEO and contributing to PIC’s strategic engagements. 

 

Financial and Resource Management 

·       Overseeing operational budgets, resource allocation, and cost optimisation. 

·       Ensuring prudent management of organisational assets and operational resources. 

 

Technical & Professional Expertise 

·       Deep understanding of investment products, asset classes, and portfolio risk management. 

·       Strong knowledge of regulatory frameworks applicable to asset managers. 

·       Experience with risk models, stress testing, scenario analysis, and risk analytics. 

 

Leadership & Personal Attributes 

·       High level of integrity, independence, and sound judgment. 

·       Strong executive presence with the ability to influence at Board and Exco level. 

·       Strategic thinker with a pragmatic, solutions-oriented mindset. 

·       Excellent communication skills, both written and verbal. 

 

Our firm values diversity, and excellence and is committed to the realisation of these across all operations and investment activities. If you are dynamic, resilient, agile, disciplined and willing to be part of a team that is focused on creating meaningful change, you are welcome to submit your application for this position. 

 

Closing Date: 24 April 2026 

 

The PIC is an equal opportunities employer, aligning appointments with the PIC Employment Equity plan. 

 

Please forward a copy of your comprehensive curriculum vitae to: Recruitment5@pic.gov.za

 

Privacy Notice: By submitting your application, you consent to the PIC processing your personal information as per applicable laws and the PIC Privacy Policy available on the PIC website (www.pic.gov.za). You are free to withdraw your consent at any time, after which, the PIC may cease processing your application.

 

 

 

 

 

 

 

 

 

 

 

THIS IS A RE-ADVERTISEMENT. CANDIDATES WHO PREVIOUSLY APPLIED NEED NOT RE- APPLY.

 

 We are currently seeking applications from dynamic individuals for the following position: 

 

CHIEF RISK OFFICER (RE-ADVERTISEMENT) 

• *Job Grade: F- band 

• Employment type: Five-year fixed-term 

• Ref: CRO326 

Salary: All-inclusive remuneration package negotiable 

Centre: Public Investment Corporation, Pretoria 

 

Purpose of the Role 

The Public Investment Corporation SOC Ltd (PIC), one of Africa’s largest asset managers, seeks to appoint an experienced and strategic Chief Risk Officer (CRO) to lead the Enterprise Risk Management (ERM) function. The CRO will be responsible for defining, implementing, and embedding a robust risk management framework that supports the firm’s investment objectives, regulatory obligations, and long-term sustainability. As a key member of the executive leadership team, the CRO will provide independent oversight of investment, market, credit, liquidity, operational, and emerging risks, while fostering a strong  risk culture across the organisation. (PIC highlights its status as the largest fund manager in Africa and its mandate to invest responsibly). 

 

Minimum requirements: 

·       A Master’s degree in Risk Management, Finance, Economics, Accounting, Actuarial Science, or a related field. 

·       At least 10 years’ senior leadership experience in enterprise risk management within financial services, asset management, banking or a similar complex environment. 

·       Minimum 3 years in Executive leadership/Top Management. 

·       Strong technical knowledge across the full spectrum of financial and non-financial risks and investment experience. 

·       Demonstrated capacity to formulate and lead risk strategy, challenge decisions at executive level, and influence organisational culture. 

·       Proven experience building and maturing ERM capabilities (people, systems, data and analytics). 

·       Understanding of governance, regulatory frameworks and fiduciary obligations applicable to public-sector asset management institutions. 

·       FAIS Registered Key Individual (RE 05, 01 and 03 Certificate). 

 

Preferred Qualifications and Experience: 

·       15+ years of relevant Senor Management experience. 

·       5+ years of Executive/Top Management experience. 

·       FAIS RE 01, RE 03 and RE 05 Certificate or must be obtained within 6 months of employment. 

·       Professional certifications such as CFA, FRM, PRM, or equivalent are strongly preferred. 

 

Key Responsibilities 

Enterprise & Investment Risk Oversight: 

·       Develop, maintain and embed the PIC’s enterprise risk management (ERM) framework, ensuring the effective identification, assessment, monitoring and reporting of risks that are aligned to the company’s strategy and risk appetite. 

·       Oversee investment risk across all asset classes, including market, credit, liquidity, counterparty, and concentration risk. 

·       Independently challenge investment decisions, portfolio construction, and risk-return assumptions. 

·       Ensure high-quality risk reporting that supports transparency, compliance and proactive risk management. 

 

Governance & Regulatory Compliance: 

·       Provide strategic risk insights to the Board, Executive Committee and governance structures, supporting sound decision-making. 

·       Act as the primary risk liaison to the Board, Board Risk Committee, and relevant regulators. 

·       Ensure compliance with applicable regulatory and prudential requirements within the investment management environment. 

·       Produce high-quality risk reporting, dashboards, and insights for senior management and the Board. 

·       Strengthen PIC’s risk governance environment in line with regulatory requirements, investment mandates and fiduciary responsibilities. 

 

Risk Culture & Strategy: 

·       Define and implement the organisation’s risk appetite across all major risk types, including market, credit, liquidity, operational, cyber, model, reputational, and non-financial risks. 

·       Align risk appetite with business strategy, corporate planning and enterprise stress-testing processes. 

·       Promote a strong, values-driven risk culture across the organisation. 

·       Integrate risk considerations into strategic planning, capital allocation, and product development. 

·       Lead risk assessments for new investment products, strategies, and business initiatives. 

 

Operational & Emerging Risk: 

·       Oversee operational risk, including outsourcing, technology, cyber, business continuity, and third-party risk. 

·       Identify, assess, and monitor emerging risks such as ESG-related risks, climate risk, model risk, and geopolitical risk. 

·       Ensure stress testing, scenario analysis, and contingency planning are embedded in decision-making. 

 

Leadership & Stakeholder Engagement: 

·       Lead and develop a high-performing risk team, including people, systems, data, processes and assurance. 

·       Collaborate closely with Investment, Compliance, Finance, ESG, and Internal Audit functions. 

·       Drive a culture and conduct programme within the Risk division and develop tools to measure conduct across the organisation. 

·       Engage confidently with external stakeholders, including auditors, regulators, and institutional clients, where required. 

 

Technical & Professional Expertise 

·       Deep understanding of investment products, asset classes, and portfolio risk management.

·       Strong knowledge of regulatory frameworks applicable to asset managers. 

·       Experience with risk models, stress testing, scenario analysis, and risk analytics. 

·       Exposure to ESG and climate risk integration is a strong advantage. 

 

Leadership & Personal Attributes 

·       High level of integrity, independence, and sound judgment. 

·       Strong executive presence with the ability to influence at the Board and Exco level. 

·       Strategic thinker with a pragmatic, solutions-oriented mindset. 

·       Excellent communication skills, both written and verbal. 

 

 

Our firm values diversity, and excellence and is committed to the realisation of these across all operations and investment activities. If you are dynamic, resilient, agile, disciplined and willing to be part of a team that is focused on creating meaningful change, you are welcome to submit your application for this position. 

 

Closing Date: 24 April 2026 

 

The PIC is an equal opportunities employer, aligning appointments with the PIC Employment Equity plan. 

 

Please forward a copy of your comprehensive curriculum vitae to: Recruitment5@pic.gov.za

 

Privacy Notice: By submitting your application, you consent to the PIC processing your personal information as per applicable laws and the PIC Privacy Policy available on the PIC website (www.pic.gov.za). You are free to withdraw your consent at any time, after which, the PIC may cease processing your application.