Main purpose: To provide oversight on behalf of the Council of the NAC, on the effectiveness of the control environment, compliance with legal and regulatory procedures, financial reporting, risk management procedures, internal and external audit functions, and other matters as outlined in the PFMA and Treasury Regulations.
- The National Arts Council of South Africa (NAC) is a Schedule 3A Public Entity in terms of the Public Finance Management Act (PFMA). The NAC is governed by the National Arts Council Act 56 of 1997 as amended by the Cultural Laws Amendment Act 36 of 2001 and is responsible for development of the Arts sector in South Africa.
- NAC is seeking to appoint a suitable qualified and experienced person to serve as a member of the Audit and Risk Committee (ARC).
- The Committee is governed by an approved ARC Charter and meets at least 4 times per annum.
Key Responsibilities of the ARC
- Monitor and review, on behalf of Council, the effectiveness of the control environment.
- Ensure Compliance with legal and regulatory procedures.
- Review and provide inputs into the monthly, quarterly and Annual Financial Statements of the entity.
- Provide oversight on risk management procedures and internal and external audit functions.
- Provide an independent and objective review of financial and other information prepared by management.
- Oversee effective corporate governance
- Oversee the Authority relationship with external auditors and determine the independence thereof.
Qualifications and Experience
- A relevant Post Graduate Degree or equivalent qualification
- 5-year Legal, Finance, Risk and/or ICT experience in serving on a public sector governance committee
- General experience of at least 5 years in Public Sector Management – at least 5 years)
- Good understanding of Corporate Governance, Internal Audit, Risk management and Information Technology Governance with specific knowledge of compliance and regulatory frameworks and environment.
- Members functioning at a senior level.
- Working knowledge of the PFMA, Treasury Regulations and other related public sector legislation.
- (Preferable Strategic knowledge on the sector Cultural and creative sector).
- Professional Membership is preferable with IRMSA and IODSA
- Willingness to dedicate time and vigour to Council
- Excellent communication skills
The term of office will be three (3) years, subject to review on recommendation by the Council.
Remuneration of Audit and Risk Committee members will be in accordance with rates determined by the National Treasury.
Candidates that possess a majority of the listed qualifications and experience will be shortlisted and recommended to be invited for interviews. The interviews are to be conducted by a panel appointed by the NAC Council. It will be the prerogative of the Council to make the final appointment upon recommendation by the Audit and Risk Committee.
Applications must be submitted in writing and must at least contain a detailed CV, motivation for appointment, certified copies of Identity Document and qualifications and three contactable references.
Applications must be sent to the following address: firstname.lastname@example.org
Market related packages will be negotiated with the successful candidate. Only shortlisted candidates will be contacted by the 23 September 2021. The NAC applies the Employment Equity Act in its recruitment process and strives for an ARC member that is representative of South Africa.