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To apply, click on the link at the end of the posts and all the best with your applications.
The PIC is the largest fund manager on the African continent, benefitting from exposure to some of South Africa’s largest funds and projects. A career with the PIC offers a challenging and exciting journey into the world of fund management. With approximately 393 employees managing over R2.5 trillion worth of assets in 4 major asset classes, the PIC offers an unparalleled experience for dedicated, performance-driven employees and promises career advancement and personal growth. Our people with diverse experience, knowledge and skills are the heartbeat of PIC.
Our portfolio spans diverse industry sectors inter alia, agriculture and agro processing, manufacturing and industrialization, mining and mining beneficiation, etc. The PIC has a mandate to invest in the rest of the African continent and beyond. Over and above generating financial returns for clients, through its impact-investing programme, the PIC seeks to generate social returns by investing in projects that ensure inclusive growth. The PIC supports the United Nations’ Sustainable Development Goals and considers environmental, social and governance issues in all its investments.
To build sustainable growth in our portfolio value and strengthen our capabilities, we have organised ourselves into two grouping for sharper focus.
Career Development and talent development
The PIC offers career development opportunities to all employees. Our talent development approach and Graduate Talent Development Programme incorporates development programmes and progression opportunities for our staff to gain experience and exposure. Our training offerings are specifically aimed at developing both technical and inter-personal skills.
Employee Benefits
One of the pillars of our vision is to care for our employees, and we are committed to inspiring them to reach their full potential. In addition to incomparable hands on experience, the PIC also offers a competitive employee value proposition.
Our remuneration philosophy
Anchored by our two overarching values, namely: “We Care” and “We Deliver” which puts PIC employees and its clients at the top of the priority list, this policy will reinforce and reward excellent performance that support the values, vision, mission and objectives of the PIC. Furthermore, policy outlines some of the key considerations, offerings and value propositions that will assist the PIC in the attraction and retention of highly competent and dedicated individuals.
These offerings include both guaranteed pay and variable pay
Guaranteed pay
- Basic salary
- Benefits such as medical aid and funeral cover
Variable remuneration
- Performance short-term Incentive Scheme
- Long-term Incentive Scheme
Make a positive impact with us
We are a team of approximately 393, with diverse nationalities. We are guided by our values in all that we do as an investor. Apply now to join our experienced professionals and make a difference.
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.
Ethics Specialist
- Position: Ethics Specialist
- Job Grade: D1-D5
- Ref: ETS004
- Salary: All-inclusive remuneration package
- Centre: Public Investment Corporation
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.Playinga 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
- Over 5 years relevant experience
Preferred Qualifications:
- A postgraduate qualification (Honours) in Commerce/ Law, Corporate Governance/
Risk Management and Compliance or equivalent
Minimum Technical/Core Skill Requirement
- Experience in PIC applicable legislation
- Project management
- Experience in Ethics and compliance in the financial services industry
Duties:
- Assist the Head: Ethics Office in the implementation of ethics-related policies, with
particular attention to: 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 - Provide input into the revision of ethics-related policies to align with codes of ethics
and/or conduct within the PIC - 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 ethicsrelated 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 behaviour 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 the scope of investigations and identify ethical breaches postconclusion 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.
Monitoring and reporting:
- Ensure monitoring adherence to ethical standards and compliance with regulations and
guidelines. - 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 organizational 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, disciplinedand willing to
be part of a team that is focused on creatingmeaningful change, you are welcome to submityour
application for this position.
Closing Date: 03 February 2025
- 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
Compliance Officer: Regulatory Compliance
- Position: Compliance Officer: Regulatory Compliance
- *Job Grade: D1-D3
- Ref: CO08003
- Salary: All-inclusive remuneration package negotiable
- Centre: Pretoria
Purpose of the role:
To assist the business in managing compliance risk and providing assurance to Management, Board,
and Regulators that the PIC is aware of and takes steps to comply with legislation, policies, processes
and best practice relevant to the PIC
Requirements:
- Degree in Commerce/ Law or equivalent related qualification (Post Graduate degree added
advantage) - 2 – 4 years relevant compliance experience in the Financial Sector, preferably investment
management industry - FSCA’s FAIS Compliance Officer would be an added advantage
- Registered Persons Exams (RPE) certificates for JSE Compliance Officer is an added
advantage - RE1, RE 3 and RE 5 certificates or obtain within 6 months of appointment to the role
- Sound understanding both in terms of depth and breadth of Compliance management in
the asset management environment
Duties:
- To monitor compliance with relevant legislation as well as internal policies and procedures
- To provide inputs into the compiling of compliance monitoring plans
- To provide inputs into compliance risk management plans (CRMPs) based on relevant
legislative requirements - To conduct compliance audits and draft detailed compliance reports for submission to
relevant internal committees - To perform daily pre and post-trade monitoring of PIC’s holdings in listed equity stocks and
collective investment schemes (CIS) funds and report to the relevant stakeholders such as
regulators, investee companies and market - To assist in compiling and submitting regulatory reports to FSCA and JSE (e.g. FAIS profile
changes, statutory returns) - To provide inputs into the development, maintenance and review of compliance policies;
- To assist in performing and monitoring various duties as required by the anti-money
laundering and counter-financing of terrorism regulatory requirements - To provide inputs into the identification and interpretation of applicable compliance
requirements - To assist in providing training to staff on various legislative requirements
- To assist in performing ad-hoc functions, as and when assigned by Management
Competencies and skills:
- Audit techniques
- Excellent communication skills, both verbal and written
- Strong analytical skills
- Strong presentation skills
- Knowledge of and experience in asset classes (financial instruments) relevant to PIC
- Knowledge of and experience in legislation relevant to PIC (e.g. Companies Act, FAIS Act,
FICA, CISCA, Pension Fund Act (Reg 28), PFMA, Financial Markets Act, JSE Listing
Requirements, Competition Act, King IV, Properties related legislations) - Good report-writing skills
- Project Management skills
- Interpersonal skills
- Knowledge of and experience in Corporate Governance
- Risk 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, disciplinedand willing to
be part of a team that is focused on creatingmeaningful change, you are welcome to submityour
application for this position.
Closing Date: 30 January 2025
- Grade Range: The grade range for this position is from D1-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
We wish you all the best with your applications
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