Reference number: NGB 01/2022
The National Gambling Board (NGB) is established in terms of the National Gambling Act (NGA), 2004 (Act 7 of 2004). It is a schedule 3A Public Entity in terms of the Public Finance Management Act, 1999 (Act 1 of 1999). The NGA makes provision for the coordination of concurrent national and provincial legislative competence over matters relating to (the continued) regulation of gambling activities and also makes provision for the establishment of uniform norms and standards applicable throughout the Republic in certain gambling activities.
The NGB hereby invites applications from suitably qualified persons to serve as members of its Audit & Risk Committee.
The applicants should have sufficient qualifications, knowledge and extensive experience to serve on the Audit & Risk Committee of the NGB. The ideal candidate should possess (at minimum) the following:
Qualifications for Membership: – CIA, CISA or other related professional qualifications. A Bachelor’s degree in either Business Administration, Auditing, Information Technology, Risk Management or Economics. An Honours degree in either Economics, Information Technology or Risk Management Auditing would be an advantage.
Experience: – A minimum of ten (10) years senior management experience in the areas of Risk, Audit, Governance, Information Technology, Forensics or Economics. At least three (3) years’ experience in the Public Sector. An understanding of risk management practices; internal controls; legislative requirements in the public sector; and audit practices applicable to the Public Sector.
Term of Office and Members Remuneration
The term of office for members of the Audit & Risk Committee is three (3) years after which the Accounting Authority may consider a renewal for a further three (3) years. The appointment will be reviewed annually based on performance and attendance of a member. The compensation of members of the Audit & Risk Committee is determined at a tariff based on Treasury Regulation 20.2.2. There is a minimum of
External Advertisement Closing date: 14 FEBRUARY 2022
four (4) meetings held per financial year.
Eligibility for Audit Committee Membership
To be eligible for appointment or designation as a member of the Audit & Risk Committee, the applicant must not:
• be an office bearer of any political party, movement, organisation or body of a partisan political nature;
• personally, or through a spouse, partner or associate, acquire a direct or indirect financial interest in a registrant; or in a business or enterprise which may conflict or interfere with proper performance of the duties of a member of the Committee;
• be an un-rehabilitated insolvent or become insolvent;
• be removed from an office of trust on account of misconduct in respect of fraud
or the misappropriation of money;
• be subject to an order of a competent Court holding that person to be mentally
unfit or disordered;
• within the previous ten(10) years, have been, nor be, convicted in the Republic
of South Africa or elsewhere of theft, fraud, forgery or uttering a forged document, perjury, an offence under the Financial Intelligence Centre Act, 2001 (Act 38 of 2001), or an offence involving dishonesty; or
• be convicted of any other offence committed after section 35 of the Constitution of the Republic of South Africa, took effect, and sentenced to imprisonment without the option of a fine.
Duties
The members will amongst other duties perform the following:
• Review the annual financial statements of the NGB
• Review the effectiveness of internal controls, risk management, accounting
policies including adequacy, reliability and accuracy of financial information
• Review the performance of the entity against its approved targets and ensure
effective performance evaluation and management
• Oversee effective corporate governance including compliance to the PFMA
and other applicable legislation and best practice
• Review the internal audit plan and monitor the effectiveness of internal audit function
• Review management’s resolution of internal and external audit findings
The Audit & Risk Committee may be required to respond to the NGB in terms of any issues raised by the Auditor-General in the audit report or carry out investigations on NGB financial matters.
External Advertisement Closing date: 14 FEBRUARY 2022
Interested applicants must submit a covering letter, curriculum vitae and proof of qualifications / experience and contact details of two (2) referees. It is the applicant’s responsibility to have foreign qualifications verified by the South African Qualifications Authority (SAQA). Background verification, qualification checks, criminal record and citizenship checks will be conducted on recommended candidates.
Please hand deliver your application, quoting the relevant reference number and hand deliver to the Senior Manager: Human Capital Optimisation, 420 Witch Hazel Avenue, Eco Glades 2, Block C, Eco Park, Centurion, 0144 or alternatively forward the application to this email address: recruitment@ngb.org.za
Closing date for all applications is 14 February 2022. No application will be considered after the closing date.
NGB reserves the right not to fill in these posts.
External Advertisement Closing date: 14 FEBRUARY 2022
