Are you an experienced professional with expertise in risk management, internal and external audit functions, and governance practices? Do you have a passion for supporting public sector entities to operate with transparency, accountability, and compliance? If so, NEMISA (National Electronic Media Institute of South Africa) is seeking qualified candidates to join its Audit and Risk Committee as External Audit and Risk Committee Members on a fixed-term contract.
Position Overview:
Organisation: NEMISA
Department: Board of Directors
Location: Gauteng, South Africa
Salary Range: Determined by current NEMISA remuneration for Non-Executive Directors
Reference Number: NEM-22/12/2024
Closing Date: 10 January 2025
As an External Audit and Risk Committee (ARC) member at NEMISA, you will play a crucial role in overseeing the organisation’s financial, audit, risk, and compliance activities. Your primary responsibility will be to assist the Board in fulfilling its oversight role regarding the financial reporting, governance, and internal control processes. You will ensure that NEMISA adheres to regulatory requirements, practices sound corporate governance, and effectively manages risks.
Key Responsibilities:
Financial Statements and Finance Matters:
- Review interim and annual financial statements, ensuring they are accurate, complete, and in line with accounting standards.
- Oversee the audit process and ensure financial reports are reflective of the organisation’s true financial position.
- Evaluate significant accounting and reporting issues and their impact on the financial statements.
- Ensure the Board receives independent assurance on the adequacy of NEMISA’s financial information, risk management, and internal control systems.
Internal Audit Oversight:
- Ensure the independence, authority, and effectiveness of the Internal Audit Function.
- Review the internal audit strategy and performance, ensuring compliance with professional standards.
- Oversee internal audit’s performance against the annual audit plan and ensure the absence of management restrictions on internal audit activities.
- Advise the Board on the adequacy and performance of internal auditing, risk management, and governance.
External Audit Engagement:
- Engage with external auditors to assess their performance and independence.
- Review external audit plans, scope, and fees and ensure that the audit effort is coordinated with internal audit activities.
- Monitor the implementation of audit recommendations by Executive Management.
Risk Management and Compliance:
- Oversee NEMISA’s risk management framework to ensure it aligns with the organisation’s objectives and goals.
- Review and recommend improvements to risk management policies, processes, and systems.
- Ensure compliance with relevant regulations, governance policies, and internal procedures.
- Monitor compliance risk management, ensuring that adequate controls address non-compliance-related risks.
ICT Governance and Oversight:
- Exercise oversight of the organisation’s ICT risks, governance practices, and cybersecurity strategies.
- Ensure that ICT investments align with NEMISA’s strategic objectives and risk appetite.
- Review business continuity and disaster recovery strategies to mitigate potential risks.
Education and Experience Requirements:
- Minimum Education: Honours Degree in ICT, Risk & Compliance, or a related field.
- Experience: A minimum of 7 years of relevant experience, with prior service on an Audit and Risk Committee, preferably in a State-Owned Entity (SOE) environment.
Required Skills and Knowledge:
- Deep understanding of internal audit practices, risk management frameworks, and governance structures.
- Knowledge of the Companies Act (71 of 2008), Public Finance Management Act (PFMA), and National Treasury Regulations.
- Strong analytical skills, with the ability to interpret complex financial and operational data.
- Exceptional attention to detail, report writing, and communication skills.
- Knowledge of business continuity management, corporate governance frameworks, and tax laws.
- Experience in ICT governance, risk assessment, and management of emerging ICT-related risks.
How to Apply:
To apply for the External Audit and Risk Committee Member position, submit your comprehensive CV along with certified copies of your qualifications and supporting documents to arcposition@nemisa.co.za by 10 January 2025.
Important Notes:
- Preference will be given to historically disadvantaged applicants.
- Only candidates who meet the minimum requirements will be considered.
- NEMISA reserves the right not to make an appointment.
- Correspondence will only be limited to shortlisted applicants.