Job Opportunities at FSCA South Africa

Purpose of the Job: 

To supervise and monitor the conduct of business of entities licensed to provide financial advice, and entities who are authorised for the activity of product sales and execution (on a non-advice basis), where the entity is not necessarily also authorised for the actual issue of the products concerned. The department will also be tasked with the conduct of business of intermediary entities (as opposed to the product issuers themselves) authorised for the sales and execution of financial products through non-advice methods. The person appointed to this position will report to the Departmental Head: Supervision Financial Advisers and Intermediaries.   

Key Performance Areas:

•  Manage a team of analysts that perform desk based and on-site supervision following a risk based supervisory approach; 
•  Ensure that supervisory plans are managed and executed on time;
•  Manage onsite and offsite supervision activities; 
•  Manage the investigation of all complaints relating to Financial Services Providers;
•  Ensure that projects are properly planned, managed and executed on time;
•  Ensure implementation of policies, guidelines and procedures to support the risk-based supervision approach;
•  Monitor international trends and developments in the financial services industry to inform supervisory approach;
•  Engage with industry stakeholders on various conducts of business supervisory matters;
•  Innovate new processes and procedures where a need is identified within the department to ensure optimum performance; and
•  Manage the human resources of the team effectively and efficiently (train, develop, monitor, lead and assess performance of staff);

Other Key Competencies:

The candidate must demonstrate the following skills and attributes: A high level of judgement, good interpersonal skills, confident and decisive approach, the ability to analyse problems, the ability to gather information; the ability to manage projects; be able to interact effectively with senior staff/ industry partners and stakeholders; and organise, lead and motivate a team in order to meet individual and work group goals; ability to work effectively under pressure whilst upholding an emphasis on quality. 

Requirements

• Bachelor’s degree in Commerce, Law or other relevant discipline with at least 5 years working experience within the financial services industry, 3 of which must be in a management level. 
• A good knowledge of Financial Advisory and Intermediary Act 2002 and other applicable financial sector laws and the financial services industry is required. The successful candidate must be able to display good planning, organisational and leadership skills. 

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Purpose of the Job:
 
The department is accountable for supervising the business conduct of micro insurers and other financial services entities operating in the “micro” or “access product” space.  The person appointed in the role will be expected to assist the department to monitor compliance with the provisions of the Financial Sector Regulation Act, 9 of 2017 (FSR Act) and other relevant financial sector laws to ensure a sound and efficient micro institutions industry. The person appointed to this position will report to the Manager: Micro and Access Product Institutions. 

Key Performance Areas:

•  Assist the Manager and Head of department in the development and implementation of an effective and efficient conduct of business supervisory framework   for micro institutions, based on the Treating Customers Fairly (TCF) approach;
•  Assist the Manager and Head of department by recommending and implementing changes to the regulatory framework and policy within the FSCA;
•  Monitor compliance with legislation and  ensure that unfair treatment of customers by Micro and Access Product institutions is attended to;
•  Responsible for coordinating and conducting on-site  inspections, and ensure that matters emanating from the inspections are attended to timeously;
•  Conduct research, coordinate and manage  project based activities, and provide  support  to the Micro and Access Product Institutions team;
•  Assist the Manager and Head of department in establishing, implementing and maintaining proper quality management and control procedures in the   department;
•  Assist the Manager and Head of department in preparing and providing inputs to all statutory and supervisory reports; 
•  Liaise with internal and external stakeholders in respect of regulatory and supervisory matters;
•  Actively participate in and contribute to industry and FSCA committees as and when required;  
•  Perform administrative and other supervisory activities delegated by the Manager and Head of department.

Other Key Competencies:

The candidate must demonstrate the following skills and attributes: A high level of judgement and a confident and decisive approach; problem analysis, information gathering, communication skills, good interpersonal skills and emotional intelligence, customer relations and persuasiveness skills and must be computer literate.

Requirements

• A Bachelor’s degree in commerce/law or related field, coupled with at least 2-3 years’ work experience, preferably in the financial services industry. 
• A good knowledge and understanding of micro institutions and access products in the financial sector is required.