Chief Operating Officer at Public Investment Corporation

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.

Experience & Qualifications
Minimum Qualifications:

• At least 15+ years of Senior Management experience with significant experience in managing business operations, within the asset management or financial services sector. 
• Minimum 5 years in Executive leadership/Top Management
• Master’s degree (MBA, MBL or equivalent)
• Strong technical knowledge of governmental regulations, compliance requirements and policy considerations.

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.