Description<\/p>\n
Audit Committee matters:<\/p>\n
\tReview and provide advice to the Accounting Authority regarding the OPFA\u2019s statutory submissions in terms of applicable legislation.
\n\tProvide oversight of the internal audit function by approving the internal audit plan and charter and enhance the effectiveness of the internal audit team.
\n\tOversee internal controls and risk management by evaluating the OPFA\u2019s internal financial control systems, risk management and cybersecurity measures.
\n\tEnhance financial reporting integrity through the review of annual and interim financial statements for accuracy and evaluation of significant judgments and accounting policies.
\n\tOversee the activities of external auditors to ensure objectivity and quality.
\n\tReview and monitor the OPFA\u2019s compliance framework regarding legal\/regulatory and policy requirements.
\n\tReview and monitor the OPFA\u2019s processes to establish mechanisms to detect and investigate fraud and develop antifraud controls and whistleblowing policies.<\/p>\n
Risk Committee matters:<\/p>\n
\tReview and recommend to the Accounting Authority the OPFA\u2019s risk appetite and tolerance levels.
\n\tReview and oversee the development of the OPFA\u2019s risk management framework (risk management frameworks, policies, procedures, and methodology).
\n\tProvide advice to the Accounting Authority regarding the effectiveness and adequacy of the OPFA\u2019s risk management monitoring systems and controls to mitigate risk exposures.
\n\tReview the effectiveness and adequacy of the OPFA\u2019s risk governance structures and capability to mitigate against risks related to ethics and compliance.
\n\tReview, monitor and advise the Accounting Authority about the OPFA\u2019s cybersecurity risk management and regulatory developments.
\n\tOversee the development and evaluation of the OPFA\u2019s cybersecurity internal controls, policies and mitigation measures.
\n\tOversee and provide advice to the Accounting Authority about the OPFA\u2019s processes to develop strategies, policies and risk profiles on the use of Artificial Intelligence, including Generative AI.
\n\tReview and provide advice to the Accounting Authority about the development of OPFA\u2019s crisis management and response strategies and coordination.
\n\tProvide advice to the Accounting Authority about the OPFA\u2019s processes to proactively identify and assess emerging risks, threats, and opportunities.<\/p>\n
Role overview of Members (key responsibilities):<\/p>\n
\tPrepare adequately for meetings.
\n\tAttend scheduled and special committee meetings.
\n\tParticipate actively, objectively and courageously in committee meetings and activities.
\n\tChallenge and interrogate management assumptions and proposals.
\n\tAdhere to the Committee Code of Conduct and other applicable policies of the OPFA.<\/p>\n
Requirements<\/p>\n
\tA relevant bachelor\u2019s degree.
\n\tA postgraduate degree in finance\/accounting, business administration, Information and Communication technology, Informatics, governance, law or administration and a Chartered Accountant (South Africa) qualification would be advantageous.
\n\tAt least 5 years of executive management, business administration, or governance experience.
\n\tPrevious experience serving on a board or committee of a public entity will be an added advantage.
\n\tMembership in a relevant professional body is a minimum requirement. (e.g., Institute of Directors in South Africa, Legal Practice Council, South African Institute of Chartered Accountants, Institute of Risk Management South Africa, Institute of Internal Auditors South Africa, etc.)
\n\tKnowledge and understanding of the Public Finance Management Act, 1999 (PFMA), Treasury Regulations, the Companies Act, King V principles on corporate governance, and other relevant legislation and regulatory frameworks.
\n\tMust not be a disqualified person as per Section 69 of the Companies Act, 2008.<\/p>\n
Apply via company website ( N \/ A ) or<\/p>\n
opfa.mcidirecthire.com<\/p>\n
<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"http:\/\/opfa.mcidirecthire.com","_company_name":"Office of the Pension Funds Adjudicator","_company_website":"http:\/\/N%20\/%20A","_company_tagline":"The office of the Pension Funds Adjudicator is a statutory body established in terms of section 30B of the Pension Funds Act, 24 of 1956. Section 30B entrusts the responsibility of carrying out the mandate on the Pension Funds Adjudicator and the Deputy Adjudicator\/s. The Adjudicator and\/or the depu... read morety Adjudicators are appointed by the minister of Finance in consultation with the Financial Services Board.","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[11],"job-types":[12],"class_list":{"0":"post-34182","1":"job_listing","2":"type-job_listing","3":"status-publish","4":"hentry","5":"job_listing_region-gauteng","7":"job-type-full-time"},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings\/34182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/media?parent=34182"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job_listing_region?post=34182"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-types?post=34182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}