PUBLIC INVESTMENT CORPORATION (PIC) VACANCIES

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CALL FOR APPOINTMENT OF INDEPENDENT EXPERTS TO THE PUBLIC INVESTMENT CORPORATION’S AUDIT COMMITTEE 
 
The Public Investment Corporation SOC Limited (PIC) was established in terms of the Public Investment Corporation Act, 2004 (Act No 23 of 2004) (the PIC Act), as amended, as a wholly State-Owned Company. The Minister of Finance is the sole shareholder representative on behalf of the South African Government. 
 
The PIC is a registered Financial Service Provider (FSP), licenced Category II FSP, in terms of the Financial Advisory and Intermediary Services Act, 2002 (Act No 37 of 2002), as amended. The primary purpose of the PIC is to invest certain monies received or held by, for or on behalf of the Government of the Republic of South Africa and certain bodies, councils, funds and accounts. As custodian of substantial assets generated by the labour of generations of South Africa’s public sector employees, the PIC has a responsibility to conduct its affairs with integrity, transparency and in an exemplary manner. The PIC work contributes to the well-being of present and future generations of pensioners, member beneficiaries and South Africans at large. 
 
The PIC manages a diversified portfolio to generate good financial returns for clients over a long-term period whilst supporting positive and long-term socio-economic development. 
 
The clients of the PIC are mainly pension, provident, social security and guardian funds. PIC’s mandate is to invest funds on behalf of these clients, based on investment mandates agreed with each client and approved and regulated by the Financial Sector Conduct Authority (FSCA). Among the PIC’s clients are the Government Employees Pension Fund (GEPF), the Unemployment Insurance Fund (UIF) and the Compensation Fund (CF). 
 
The PIC has a Board of Directors that govern and has overall accountability for the well-functioning of the company. The Board has established the Audit Committee (AC) as a Statutory Committee of the PIC in respect of the statutory duties in terms of Section 94(7) of the Companies Act, 2008 (Act No 73 of 2008), as amended; and as a Committee of the Board in terms of Section 72 of the Companies Act; Section 7 of the PIC Act, Section 76 of the Public Finance Management Act, 1999 (Act No 1 of 1999); and Principle 8 of the King IV Report on Corporate Governance for South Africa, 2016 (King IVTM). 
 
The AC derives its authority from the statutory duties as contained in Section 94 of the Companies Act and discharges its duties and responsibilities in accordance with the applicable Delegation of Authority Framework (the DoA).

• Overseeing the implementation of its decisions; 
• Monitoring the performance of the CFO; 
• Reporting on the financial sustainability of the PIC; 
• Review systems, including the whistle-blowing programme, that enable employees and other stakeholders to raise concerns, in confidence, about possible wrongdoings in financial reporting or other matters, including alleged fraud by employees; 
• Monitoring reporting of fraud, bribery, and improper acts, in accordance with relevant laws and regulations; and 
• Reporting on any matter concerning the PIC’s accounting policies, financial control, records and reporting. 

 
In line with the AC’s Board approved Terms of Reference, the PIC seeks to appoint two (2) Independent Experts with expertise within the financial and auditing sectors/industries to enrich the skills of the AC and therefore invites qualified, experienced, competent, and interested individuals to submit a comprehensive curriculum vitae with a cover letter for consideration to be appointment as an Independent Expert to the AC. 
 
The key responsibilities of the successful individuals will include, but are not limited to: 

• Independent, technical, and financial risk input to the members of the AC to enable decision-making regarding the AC’s duties while adhering to the highest standards of ethics, integrity, objectivity, and the PIC's values; 
• Provide, as and when required, input regarding recent developments within the accounting and auditing sectors/industries; 
• Provide independent input on the effectiveness of the internal control systems and financial reporting; 
• Provide independent input on the effectiveness of financial risk and oversight; 
• Provide input on overseeing the integrity of the annual financial statements, and to the extent delegated by the governing body, other external reports issued by the PIC; 
• Provide input on the adequacy, reliability and accuracy of financial information provided to management, the Board, and other users of such information; and 
• Provide independent input on the effectiveness of the PIC’s assurance functions and services, including external assurance service providers, external audit, internal audit and the finance function. 

 
Individuals interested in being appointed as an Independent Expert must have integrity, demonstrate ethical behaviour, and meet a combination of the following criteria: 

• Independence/lack of conflicts of interests 
• Bring demographic diversity to committee membership 
• Minimum of 15 years’ experience in auditing, financial, and risk with at least 5 years held at senior level 
• Experience in: 
  • Accounting/Financial
  • Financial and sustainability reporting (integrated reporting) 
  • Internal financial controls 
  • Internal and External Audit processes 
  • Legal and Regulatory Compliance (Corporate Law) 
  • Risk Management (including IT and Fraud Risks) 
  • Corporate Governance 
  • Asset Management 
  • Valuation Methodologies 
  • Progressive and Value-adding attitude 
  • Honesty and willingness to demonstrate independent thinking from group positions in a constructive manner 
  • Be committed to the PIC’s mission 
  • Not be disqualified to be appointed as a Director or Trustee 

 
Soft copies of a framework with detailed specifications, minimum requirements and the envisaged role of the Independent Expert can be accessed below this advertisement. 
 
The submissions must be emailed to the following email address: ACINDEPENDENTEXPERT@pic.gov.za or posted to the PIC offices and marked for the attention of: 
Company Secretariat 
Public Investment Corporation SOC Ltd 
Private Bag X187 
PRETORIA, 0001 
 
Closing date for submission of CVs: 1 August 2024 
 
Written enquiries can be sent via email to ACINDEPENDENTEXPERT@pic.gov.za.
 
By submitting your application for consideration as an Independent Expert, you are granting the PIC consent to process your personal information in accordance with the Protection of Personal Information Act, 2013 (Act No 4 of 2013), as amended. Applicants will be subjected to a vetting process to ensure that candidates shortlisted for consideration have integrity, and are honest, ethical, appropriately qualified, skilled, and experienced. 
 
Correspondence on the outcome of the appointment process shall be limited to the successful candidate. 
 
The PIC is an equal opportunity employer with an objective to include 50% women and 5% people with disabilities in its governance structures. Preference will be given to South African citizens.
 
FRAMEWORK AND GUIDELINES FOR THE APPOINTMENT OF AUDIT COMMITTEE INDEPENDENT EXPERTS
 

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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 R2.6 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: 
 
QUANTITATIVE ANALYST (REF: QA001) 
Grade: C3 – D3 
Salary: All-inclusive remuneration package negotiable 
Centre: Research and Innovation division, Pretoria 
 
Purpose of the role: 
As part of the Research and Innovation team the candidate will undertake quantitative models and provide information and investment ideas to the Quantitative Specialist and other Investment Teams. 
 
Requirements:

• Bachelor’s degree with a specialisation in quantitative discipline 
• At least 3- 5 years’ experience in researching quantitative methods in investments. 
• Statistical and mathematical skills applied within the asset management industry. 
• Inquisitive nature, driven to excel in all aspects of the analytical process and programming – primarily using R, PowerBI, Python, etc. 
• Data and predictive analytics capabilities and use of Artificial Intelligence (AI) & Machine Learning (ML) in the investment environment. 

 
Duties:

• Manage systems to ensure asset allocation decisions for PIC to optimize its dual mandate for financial and developmental returns. 
• Support Quantitative Specialists through research to ensure sector investment models are optimised. 
• Improve quantitative models that help to support PIC investment objectives. 
• Implementation of models to measure the impact of the investable ideas generated by the division 
• Data mining, scrubbing, cleaning, mapping and analysis using PowerBI, Python and R skills. 
• Research the latest model-building methodologies and ensure implementation within the business. 
• Assist in building the data science capabilities of the business. Data analytics to support business needs. 
• Ad-hoc analytics/data science projects as required by business. 
• Remain relevant to the needs of the PIC to ensure leading investment practices in SA and African opportunities. 

 
Competencies and skills: 

• Financial analysis and interpretation 
• Maintain, develop and update fundamental models 
• Presentation skills 
• Communication skills 
• Analytical skills 
• Numerical skills 
• Must possess the desire and ability to work in a collaborative and intensive team-orientated environment 
• Must possess the desire and ability to work in a collaborative and team-orientated environment 
• Flexible, responsive, working with a minimum amount of supervision and/or self-starting personality 
• Attention to detail. 
• Open-minded thought process and intellectual honesty 

 
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: 29 July 2024 
 
* Grade Range: The grade range for this position is from C3 – D3 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:  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.
 
 
 
 

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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 R2.6 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: 
 
CHANGE MANAGER
• *Job Grade: D3 – D5 
• Ref: CITP 03 
Salary: All-inclusive remuneration package negotiable 
Centre: Public Investment Corporation, Pretoria 
 
Purpose of the role: 

• The Change Manager ensures that PIC projects and initiatives meet objectives on time and on budget by increasing employee adoption and usage of the change/s. This role focuses on the people side of change, which involves preparing, supporting and equipping people to embrace as well as adopt changes to business processes, systems and technology, job roles, and more. 
• The role works closely with senior management (business and IT), IT Product Owners and agile development teams as well as other relevant stakeholders to ensure organisational readiness to adopt new and enhanced products as well as processes. 

 
Requirements:

• Honours Degree in Business Administration, Organizational Change Management, Human Resources, or a related field. 
• 5-8 years of experience creating and implementing change management strategies for systems and non-system implementations in large organizations. 
• Experience with and thorough knowledge of change management principles, methodologies, and tools. 
• Familiarity with project management approaches, and tools, as well as agile development (Scrum). 
• Certification in change management (ADKAR), project management, ITIL or related areas. 
• Sound technical background in key aspects of IT infrastructure, including desktop hardware, enterprise applications, databases, storage, network, etc. 
• Excellent communication (verbal and written) skills and ability to build strong relationships 
• Ability to influence others and move toward a common vision or goal 
• Flexible and adaptable; able to work in ambiguous situations 
• Association of Change Management Professionals or equivalent 

 
Duties:

• Execute the PIC Change Management methodology (i.e., ADKAR – Awareness, Desire, Knowledge, Ability and Reinforcement) when leading change management activities, to ensure that people, processes, and systems are aligned for optimal adoption of new technologies. 
• Prepare change management strategies that are optimal to enable the adoption of the changes required by a project or initiative. 
• Establish, implement and maintain policies, procedures, standards, and toolkits to implement changes effectively and efficiently. 
• Work with change sponsors, agile development teams and other stakeholders to integrate change and release management activities into overall product deployment plans. 
• Lead communication efforts: ensure planning, design, development, delivery and management of all communications. 
• Manage training efforts: define training plans and requirements based on the intended change and support the content design and delivery of training programs. 
• Assess the change impact: Conduct impact analyses and assess change readiness. 
• Identify and engage key stakeholders throughout the change lifecycle to ensure that expectations are managed. 
• Identify, analyse and prepare risk mitigation tactics. 
• Provide “people” related guidance in the deployment of IT solutions and provide post-implementation support. 
• Support organisational designs and definitions for roles and responsibilities (where applicable). 
• Define and measure success metrics and monitor change progress. 
• Manage resistance to change timeously. 
• Manage the change portfolio. 

 
Competencies and skills: 

• Good interpersonal skills 
• Able to work accurately and clearly explain technical matters to non-technical users in both written and verbal forms. 
• Relationship building and collaboration skills across diverse and matrixed stakeholders and customers. 
• Project Management Skills 
• Team Player 
• Attention to Detail 

 
 
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: 26 July 2024 
 
* Grade Range: The grade range for this position is from D3 – 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: 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.

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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 R2.6 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: 
 
DIGITAL SUPPORT ANALYST 
• *Job Grade: C1 – C5 
• Ref: D04 
Salary: All-inclusive remuneration package negotiable 
Centre: Public Investment Corporation, Pretoria 
 
Purpose of the role: 
To act as a single point of contact in the provision of quality IT Support to internal customers and ensure that calls for support are dealt with promptly and appropriately within defined ITIL-based practices. 
 
Requirements:

• Degree in Computer Science or any IT-related Degree/National Diploma 
• 3+ years of relevant experience 
• ITIL V3 or higher 

 
Duties:

• Facilitate the provision of a single point of contact for IT Service Requests. 
• Provide Customer support by providing adequate response time, provision of quality support, and incident and problem resolution agreed with the customer and in line with ITIL practices and approved internal IT Standard Operating Procedures and Policies. 
• Provide information to users by phone, e-mail, websites, or in person for technological services rendered by IT. 
• Increase first-time fix rate at the service desk as workarounds can be deployed to increase the speed of service reduction. 
• Record incidents, requests and problems and target the correct support resources and monitor calls against the defined service level agreements. 
• Review tickets to ensure quality standards are maintained and provide feedback on calls monitored 
• Conduct awareness of standards, systems and processes and facilitate improvement in the Service Desk area. 
• Complete resolution of problems as underlying causes is identified and corrected 
• Receiving, logging, assignment, categorisation and prioritization of calls, as well as timely closure of calls by support teams reported at the Service Desk. 
• Providing first-line support or initial diagnoses on incidents as per defined criteria. 
• Primarily answer inbound calls and respond to user requests and incidents 
• Identify and escalate incidents requiring urgent attention. 
• Follow-up on calls and feedback to users. 
• Ensure that calls are resolved in accordance with the requirements of the relevant Service Level Agreement. 
• Run reports and perform trend analysis to identify issues of a common nature and identify possible problems for further investigation by Technical IT Support Teams. 
• Produce and maintain Service Desk standards, knowledge base, procedures, guidelines, runbooks and system documentation relating to Service Desk products and tools. 
• Implement and support Service Management systems and tools as a source of enablement to access information or details such as incidents, problems, and request information. 
• Effectively deal with complaints and escalations reported by IT End Users Service Improvement identification, as a means to increase service quality. 
• Monitor and improve IT user satisfaction with the quality of services delivered. 

 
Competencies and skills: 

• Outstanding communication skills 
• Able to work under pressure 
• Self-driven and goal-focused 
• Customer-focused and team player 
• Attention to Detail 
• Proven interpersonal 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: 25 July 2024 
 
* 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 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.