Jobs 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.
   

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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 measureconduct 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.