The Department of Small Business Development (DSBD) is seeking to appoint three dynamic and highly skilled professionals as Audit and Risk Committee Members. This opportunity not only allows you to contribute to the governance of small business development but also to play a significant role in promoting economic growth and diversity in South Africa.

Department of Small Business Development Job Overview

  • Post Reference: DSBD – ARC
  • Location: Tshwane, Gauteng
  • Type of Employment: Independent Contractor
  • Number of Positions Available: 3
  • Closing Date for Applications: 26 April at 16:00

Qualifications and Experience Required

  • Professional qualifications such as CA, CIA, CISA, MBA, master’s or honors degree.
  • Extensive senior management experience in areas such as Accounting, Auditing, ICT, Governance, Risk, Finance, Legal, Business, and Public Administration.
  • Proven experience as a member of an Audit Committee or a Board of Directors.
  • Experience in enterprise development and the public sector will be highly advantageous.

Responsibilities and Duties

Audit and Risk Committee Members play a pivotal role in guiding the Department of Small Business Development (DSBD) towards achieving financial excellence and operational integrity. Their responsibilities are multi-faceted and critical to the department’s success in fostering small business growth and compliance with regulatory frameworks.

  • Ensure Compliance: Members are responsible for ensuring that all DSBD activities align with the Public Finance Management Act (PFMA) and Treasury Regulations. This involves regular reviews of the department’s financial practices and internal controls to ensure they meet statutory requirements.
  • Policy Implementation: Oversee the implementation of policies that maintain or enhance financial controls and operational efficiency within the department. This includes ensuring that all financial management strategies are robust and transparent.
  • Audit Framework: Develop and refine the department’s audit framework to ensure compliance with the latest financial accountability standards. This includes setting benchmarks for financial integrity and risk management.
  • Risk Assessment: Proactively identify and evaluate areas of potential risk that could affect the department’s assets, earning capacity, or success. This includes both financial and non-financial risks.
  • Mitigation Strategies: Design and recommend risk mitigation strategies to manage and reduce risks to acceptable levels. This involves collaborating with various department heads to ensure that risk management strategies are understood and implemented effectively.
  • Crisis Management: Lead the development and implementation of crisis response strategies to safeguard the department during unexpected financial challenges.
  • Enhance Financial Reporting: Ensure that the financial reporting processes are transparent, reflecting an accurate and fair view of the department’s financial position. This involves supervising the preparation of all financial reports and ensuring they are complete and accurate.
  • Stakeholder Communication: Communicate effectively with stakeholders to ensure they are fully informed of the department’s financial status and any significant risk factors. This includes preparing clear and detailed reports for the Director-General and other top executives.
  • Annual Audits: Coordinate with internal and external auditors to facilitate annual audits and ensure that any recommendations are implemented promptly.
  • Policy Development: Assist in the development of governance standards for the department that align with best practices and promote ethical business practices.
  • Advisory Role: Serve as an advisor to the department on any matters relating to audit findings, financial management, and risk control. This includes providing strategic direction on financial planning and budget management.
  • Continuous Improvement: Regularly review and recommend improvements to existing policies and procedures to enhance efficiency and reduce costs within the department.

Salary and Compensation

Members of the Audit and Risk Committee will be compensated based on an hourly tariff aligned with the South African Institute of Chartered Accountants (SAICA) and Auditor-General (AG) tariffs. The exact compensation details will be determined by the audit committee fees policy.

Application Process

Interested candidates should submit the following documents by email to recruitment6@dsbd.gov.za:

Please note, submission of copies of qualifications, identity documents, and other relevant documentation is limited to shortlisted candidates only.

For Enquiries

Contact the DSBD recruitment office at Tel No: (012) 394 5286/43097/ 072 242 6245.

Selection Process

Shortlisted candidates will undergo:

  1. A technical exercise relevant to Audit and Risk management.
  2. A generic managerial competency assessment.

Personnel suitability checks and consent for access to social media accounts may be required as part of the selection process.

Department Vision and Commitment

The Department of Small Business Development is an equal opportunity and affirmative action employer dedicated to promoting representativity across race, gender, youth, and disability. The Department strives for diversity and redress, prioritizing candidates who will promote representativity as per the DSBD Employment Equity Plan.

This is not just a job opportunity; it’s a chance to make a significant impact in the field of small business development in South Africa. If you have the skills and experience we seek, we encourage you to apply before the closing date. Join the DSBD in fostering a thriving, inclusive economy that reflects the diversity of our nation.

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