FINANCIAL SECTOR CONDUCT AUTHORITY (FSCA)
SENIOR ANALYST - LICENSING DEPARTMENT (BANKING, CREDIT AND PAYMENT PROVIDERS) (PRETORIA) Reference Number FSCA899 Description Purpose of the Job: To assist the department with the processing of new licence applications and various concurrence matters under consideration. The person appointed to this position will report to the Manager. Key Performance Areas: • Analyse, consider and recommend for approval or decline all new licence applications submitted for authorization, including various concurrence matters from other regulators; • Co-operate and collaborate with other regulators throughout the assessment of new licence applications as well as in respect of the revocation, suspension and variation of existing licences; • Assist and support, from time to time, other areas in the Licensing Department in respect of licence applications received, including but not limited to: Financial Services Providers, Collective Investment Schemes, Retirement Funds Benefit Administrators, Over-the-counter Derivative Providers and Compliance Officers; • Ensuring that only fit and proper key persons, senior management and significant owners are approved and appointed to their respective positions by applicants; and • Project management and report writing Other Key Competencies: The candidates must demonstrate the following skills and attributes: A high level of conviction, judgment, confidence and decisive approach; Problem analysis and ability to make judgement calls supported by facts; A good sense of and ability to find information relevant and necessary for decision-making; Good communication and interpersonal skills; Very good verbal and written communication skills; Strong interpersonal skills and emotional intelligence; Strong analytical, judgment and problem-solving skills as well as the ability to make facts-supported judgement calls; Computer literacy. FSCA is committed towards increasing the representation of marginalised groups in line with its Employment Equity Plan. Persons with disabilities are encouraged to apply. Please note that correspondence and communication will only be conducted with short listed candidates and that the FSCA reserves the right not to appoint if a suitable candidate is not identified. Requirements LLB/Legal or B Comm Degree or equivalent, 3 to 5 years relevant experience regarding the functioning of the financial services industry and the various role-players involved, regulatory environment, risk management and compliance management. A good understanding of the overall mandate of the FSCA. Closing Date: 04 March 2024 Work Level Skilled Job Type Permanent Salary Market Related EE Position Yes Location Pretoria PLEASE APPLY HERE
ANALYST - MARKET RISK AND TRANSPARENCY (PRETORIA) Reference Number FSCA 137 Description Purpose of the Job To identify and propose changes to the regulatory framework and assist the Departmental Head with the implementation of such changes. The person appointed to this position will be stationed in the Market Integrity and Decision Sciences Division and will report to the Manager: Clearing, Settlement and Reporting Key Performance Areas • Ability to work independently with minimal supervision; • Understand and apply provisions and conditions of the legislative framework; • Ability to apply risk assessment and risk management techniques; • Plan and execute on-site reviews with professionalism and the required technical standards; • Assist with the monitoring of compliance with the provisions of the Financial Markets Act, subordinate legislation and the applicable conduct standards. • Assist to plan and conduct on-site visits and inspections; • Liaise with and render appropriate regulatory guidance to stakeholders after consultation with the Specialist Analyst and the Manager; and • Conduct investigations where necessary and ensure that all relevant complaints are dealt with. Other Key Competencies The applicant must demonstrate the following skills and attributes: excellent report writing skills, strong analytical abilities, attention to detail, active listening, critical thinking, strong financial and numeracy skills, excellent communication skills (verbal and written), ability to work in a team, and innovative and strategic thinking. The candidate must be confident and decisive, approaching all tasks in a professional manner. FSCA is committed to increasing the representation of marginalised groups in line with its transformation strategy. Persons with disabilities are encouraged to apply. Please note that correspondence and communication will only be conducted with short listed candidates and that the FSCA reserves the right not to appoint if a suitable candidate is not identified. Requirements A bachelor’s degree in commerce, Finance or Mathematics with 2 to 3 years of experience in the financial sector and/or the regulatory environment within the financial services industry. The candidate must also demonstrate an understanding of the financial markets, financial instruments, and the mechanics of OTC derivatives instruments. Good knowledge of financial analysis and risk management is essential. Closing Date: 04 March 2024 Work Level Mid-Level Job Type Permanent Salary Market Related EE Position Yes Location Pretoria PLEASE APPLY HERE
SPECIALIST ANALYST: RETIREMENT FUNDS CONDUCT SUPERVISION DEPARTMENT (PRETORIA) Reference Number FSCA253 Description Purpose of the Job: To monitor compliance by retirement funds, administrators and other persons responsible for the collection of contributions due to retirement funds to ensure compliance by them with all laws to which they are subject to, including, but not limited to, the Pension Funds Act and regulations, notices and directives issued in terms of that act, the rules of the funds, and the conditions in terms of which administrators and contributions collectors are authorised to render services to retirement funds. To investigate market conduct issues and assist in the implementation of risk-based supervision; To make recommendations to the boards and principal officers of retirement funds, and representatives of fund administrators and others on ways to remedy problems identified; To fulfil such other duties as may reasonably be assigned from time to time, taking into account the nature of his or her work, skills and experience and the needs of the FSCA; and the person appointed to this position will report to the Manager. Key Performance Areas: • Assist with the development of a regulatory framework and monitor compliance with legislation to ensure sound and efficient retirement fund industry and the protection of consumers; • Analyse annual financial statements of retirement fund benefit administrators to ensure that proper reporting standards and procedures have been followed; • Liaise with retirement funds and retirement fund benefit administrators on issues of non-compliance; • Support team members with the analysis of regulatory returns and planning for on-site inspections; • Assist the Manager with projects and ad hoc tasks; • Manage and perform on-site inspections on retirement funds and retirement benefit administrators to ensure compliance with pension fund legislation and produce reports on findings or observations; and • Liaise with industry stakeholders and manage complex complaints and queries and provide technical guidance to retirement funds, benefit administrators and team members. Other Key Competencies: The candidates must demonstrate the following skills and attributes: A high level of judgment, confidence and decisive approach; problem analysis; report writing skills, good communication and presentation skills, sense of urgency and persuasiveness. The person must be computer literate. Requirements A Bachelor of Commerce or Law degree with at least 5 year’s relevant working experience, preferably in the retirement funds industry. The candidate must have knowledge and exposure to the retirement fund benefit administration industry and an understanding of section 13B of the Pension Funds Act, 1956 and Board Notice 24 of 2002. An industry related qualification or a compliance and risk background will be an added advantage. Closing Date: 1 March 2024 Work Level Senior Job Type Permanent Salary Market Related EE Position Yes Location Pretoria PLEASE APPLY HERE JUNIOR ACTUARIAL ANALYST X2 - ACTUARIAL SERVICES DEPARTMENT (PRETORIA) Reference Number FSCA1005328 Description Purpose of the Job To provide actuarial support mainly in analysing returns submitted in terms of the Pension Funds Act, 1956. The person appointed to this position will report to the Manager. Key Performance Areas • Reviewing and analysing of the following: • Extension applications • Valuation exemption applications • Statutory actuarial valuation reports • Providing support to other Departments within the FSCA; and • Involvement in ad hoc projects. Other Key Competencies The candidate must demonstrate the following skills and attributes: Ability to work independently with minimal supervision; Strong analytical abilities; attention to detail; active listening; critical thinking; strong financial and numeracy skills; excellent communication skills (verbal and written); ability to work in a team; be able to deal with constructive criticism and be willing to learn on the job, and innovative and strategic thinking. The candidate must be confident and decisive, approaching all tasks in a professional manner. The FSCA is committed to increasing the representation of marginalised groups in line with its transformation strategy. Persons with disabilities are encouraged to apply. Please note that correspondence and communication will only be conducted with short listed candidates and that the FSCA reserves the right not to appoint if a suitable candidate is not identified. Requirements A bachelor’s degree in actuarial science and should have passed or been exempted from at least three of the A-series subjects of the Actuarial Society of South Africa. Work experience in the retirement fund industry will an advantage. Closing Date: 1 March 2024 Work Level Junior Job Type Permanent Salary Market Related EE Position Yes Location Pretoria PLEASE APPLY HERE
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