Public Investment Corporation (PIC) Vacancies

To apply., click on the link at the end of the posts and all the best with your applications

Chief Risk Officer

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:

• Position: Chief Risk Officer
• *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 longterm 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).

Experience & Qualifications

• A Master’s degree in Risk Management, Finance, Economics, Accounting, Actuarial Science, or a
  related field.
• At least 15 years’ senior leadership experience in enterprise risk management within financial
  services, asset management, banking or a similar complex environment.
• Minimum five years in Executive leadership/Top Management.
• Professional certifications such as CFA, FRM, PRM, or equivalent are strongly preferred.
• 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).

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 thirdparty 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 decisionmaking.

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: 27 March 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

Research Analyst (Resources) (Re-advertisement)

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 oriented.

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

• Position: Research Analyst (Resources) (Re-advertisement)
• *Job Grade: C3-D3
• Ref: RAR071125
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:
To carry out in-house equity research, supply the Head of Equities and Portfolio Manager: Resources with
equity investment recommendations to enable PIC to meet its investment targets. To also assist with the
forecast of key commodities as well as maintenance of the house view insofar as it relates to the Resources sector for the PIC.

Requirements:
Minimum Qualifications and Experience:

• B Degree in Commerce, Finance or Science
• At least 3 to 5 years’ experience in financial markets
• FAIS RE5, RE1 and RE3

Preferred Qualifications and experience:

• A Postgraduate degree in Science, Commerce and Finance, MBA, CFA or CA
• B.Sc (Eng) and B.Sc (Geology) or similar
• Work experience in the mining/oil and gas sector

Minimum Technical/Core Skill Requirement

• Understanding of the resources sector (Commodities, cost drivers and changing macro
  impact)
• Investment banking, private equity or equity research experience
• Maintain, develop, and update fundamental equity models

Duties:

• Highlighting key macro-economic events to the team
• Formulation of house commodity view, together with the Resources team
• Stock recommendation with a detailed investment thesis
• Detailed presentation of these recommendations to both the sector-head and the Internal
  Listed Equities team
• Complete and customise valuation models
• Awareness of portfolio and stock exposures
• Timely maintenance of valuation models to factor in new market information
• Provision of investment thesis, valuations, industry and company information
• Provision of timely commentary – dissemination of real-time news-flow

Competencies and skills:

• Excellent communication skills, both verbal and written
• Good interpersonal skills
• Presentation skills
• Be able to handle pressure
• Time management skills
• Analysis and attention to details
• Business and financial acumen
• Judgement and problem-solving
• Drives consistent results

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: 20 March 2026

• Grade Range: The grade range for this position is from C3-D3, commensurate with applicable
  minimum requirements.

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

Please follow the link to apply for this position: Job Application (Readvertisement): Research Analyst
(Resources) Ref: RAR071125 – Fill out form

Senior Compliance Officer: Mandate Compliance

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:

• Position: Senior Compliance Officer: Mandate Compliance
• *Job Grade: D3 – D5
• Ref: SCO04
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:
To assist the business in managing compliance risk and to provide assurance to Management, the
Board and Regulators that the PIC is aware of, and takes appropriate steps to comply with client
mandates and applicable legislation.

Requirements:

• An Honours Degree in Law, Commerce or an equivalent relevant qualification
• At least 4 – 6 years’ relevant compliance experience within the financial services sector,
  preferably in the investment management environment
• In-depth knowledge of asset classes and financial markets
• Sound knowledge of legislation applicable to PIC, including but not limited to FAIS, FICA,
  PFMA, Pension Funds Act (Reg 28), CISCA, Financial Markets Act and King IV
• Experience working with compliance and investment systems such as Charles River and
  related platforms
• RE1, RE3 and RE5 certificates (or willingness to obtain within 6 months of appointment)

Added Advantage

• FSCA approval as a FAIS Compliance Officer
• Registered Persons Exams (RPE) certificates for JSE Compliance Officers
• Postgraduate qualifications in Compliance Management, Law or related financial services
  disciplines

Minimum Technical/Core Skill Requirement

• Compliance risk management and monitoring
• Strong analytical and problem-solving skills
• Excellent written and verbal communication skills
• Report writing and presentation skills
• Policy development and interpretation
• Knowledge of corporate governance principles
• Stakeholder engagement and advisory capability
• Project management and planning skills

Personal Attributes

• High level of integrity and professionalism
• Strong attention to detail
• Ability to exercise sound judgement in a complex regulatory environment
• Resilient, disciplined and able to work under pressure
• Collaborative and service-oriented approach

Personal Attributes

• High level of integrity and professionalism
• Strong attention to detail
• Ability to exercise sound judgement in a complex regulatory environment
• Resilient, disciplined and able to work under pressure
• Collaborative and service-oriented approach
• Personal Attributes
• High level of integrity and professionalism
• Strong attention to detail
• Ability to exercise sound judgement in a complex regulatory environment
• Resilient, disciplined and able to work under pressure
• Collaborative and service-oriented approach

Personal Attributes

• High level of integrity and professionalism
• Strong attention to detail
• Ability to exercise sound judgement in a complex regulatory environment
• Resilient, disciplined and able to work under pressure
• Collaborative and service-oriented approach

Closing Date: 19 March 2026

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

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

We wish you all the best with your applications