Our client is a listed financial services company who offer a range of local and global funds, with corresponding feeder funds available from South Africa. Their long-term track record affirms the success of their proven process and offers important diversification and alpha generation benefits to patient investors. The team has won numerous Raging Bull awards.
They now seek an independent non-executive director to join their team. This role is for an employment equity candidate and ideally a female candidate, too. The organisation is really committed to diversity.
- You will be required to serve as an independent non-executive director on the boards of their operating entities and as a member of the relevant audit, risk and social and ethics committees;
- You will be required to be a highly engaged director with the capacity and availability to dedicate meaningful time to the company’s boards;
- You will be required to provide independent oversight and constructive challenge in relation to strategy, performance, risk, capital management, governance and long-term value creation;
- You will be required to oversee the effectiveness of the Group’s governance framework and ensure alignment with the Companies Act, Insurance Act, Prudential Standards, King V and other applicable regulatory requirements;
- You will be required to oversee the integrity of financial reporting, including IFRS 17 reporting, statutory financial statements, solvency disclosures and integrated reporting;
- You will be required to monitor capital adequacy, liquidity, solvency, own risk and solvency assessment (ORSA) processes and the effectiveness of the group-wide risk management framework;
- You will be required to oversee risk appetite, risk concentrations, emerging risks and business resilience, including business continuity and operational resilience arrangements across the group;
- You will be required to assess the effectiveness of internal controls, compliance, risk management, internal audit and combined assurance activities;
- You will be required to oversee the relationship with external auditors and support the integrity and reliability of external reporting and regulatory submissions;
- You will be required to provide oversight of technology, information governance, cybersecurity, data management and related operational risks;
- You will be required to contribute to the oversight of governance, ethics and transformation;
- You will be required to prepare for and actively participate in all scheduled and ad hoc board and committee meetings;
- You will be required to maintain the highest standards of integrity, independence, fiduciary responsibility and professional conduct expected of directors of regulated financial services entities.
CORE COMPETENCIES REQUIRED, BUT NOT LIMITED TO:
- You have independence of mind and the courage to challenge management and fellow directors;
- You have sound judgement and a high standard of ethics and integrity;
- You have strong financial, audit and risk acumen in a regulated financial services environment;
- You have the ability to navigate complex group structures and sensitive stakeholder relationships;
- You are collaborative, with strong listening skills;
- You have excellent communication (verbal and written) skills in English;
- You have commitment to good governance and transformation;
- You have effective, independent oversight across the company boards and committees, strong audit and risk governance, consistent attendance and preparation and sound regulatory and stakeholder relationships.
CORE QUALIFICATIONS AND EXPERIENCE:
- You have a CA(SA) registered with SAICA and in good standing;
- You have a minimum of 15 years current, relevant experience at senior executive and / or board level;
- You have a limited current non-executive portfolio, with the capacity to be actively involved in the company’s boards;
- You are able to meet the fit and proper requirements for directors of insurers under the Insurance Act and Prudential Authority standards;
- You are able to meet King V independence criteria, with no conflicting role at a competing insurer or wealth manager;
- You have audit or risk committee chairperson experience, listed company board experience, and executive or board experience in a licensed insurer (life and / or non-life) – this would be a distinct advantage.