Audit and Risk Committee Independent Member
Basic Job Information
Job Position: Audit and Risk Committee Independent Member
Published on: Apr 24, 2026
Vacancy: 1
Employment Type: Contract
Experience: 6-9 years
Work Arrangement: Hybrid (Remote + On-site)
Salary: Market Related
Notes: CALL FOR APPLICATIONS: Audit and Risk Committee Independent Member Closing date: 8 May 2026 Reference: OPFA/ARC/2026/01 The Office of the Pension Funds Adjudicator (OPFA) is established in terms of section 30B of the Pension Funds Act, 24 of 1956, to dispose of pension fund complaints lodged in terms of the Act in a procedurally fair, economical, and expeditious manner. The Pension Funds Adjudicator is the Accounting Authority of the Office, and has established governance committees, including the Audit and Risk Committee (ARC), to support the execution of the Accounting Authority’s responsibilities.
Application Deadline: May 08, 2026
Job Category: Public Service - Government
Job Description
The OPFA is inviting applications from members of the public to serve on the ARC of the OPFA for a period of three (3) years. The overarching role of the ARC is to review, monitor and advise the Accounting Authority on the adequacy and effectiveness of the OPFA’s internal controls, financial management reporting, and risk management systems. This serves to ensure that the OPFA has sound governance and is compliant with applicable legal, ethical and legislative prescripts. Some of the specific responsibilities of the ARC include:
Audit Committee matters:
- Review and provide advice to the Accounting Authority regarding the OPFA’s statutory submissions in terms of applicable legislation.
- Provide oversight of the internal audit function by approving the internal audit plan and charter and enhance the effectiveness of the internal audit team.
- Overse
Key Responsibilities
Role overview of Members (key responsibilities):
- Prepare adequately for meetings.
- Attend scheduled and special committee meetings.
- Participate actively, objectively and courageously in committee meetings and activities.
- Challenge and interrogate management assumptions and proposals.
- Adhere to the Committee Code of Conduct and other applicable policies of the OPFA.
Requirements & Skills
- A relevant bachelor’s degree.
- A 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.
- At least 5 years of executive management, business administration, or governance experience.
- Previous experience serving on a board or committee of a public entity will be an added advantage.
- Membership 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.)
- Knowledge and understanding of the Public Finance Management Act, 1999 (PFMA), Treasury Regulations, the Companies Act, King V
Benefits
Market related.
