FINANCIAL SECTOR CONDUCT AUTHORITY (FSCA)
ANALYST - PUBLIC MARKETS, ISSUERS AND AUTHORISED USERS DEPARTMENT (PRETORIA) Reference Number FSCA-676 Purpose of the Job To render appropriate supervision of the South African Capital Markets Industry and monitor’ compliance with the provisions of the Financial Markets Act, 2012, and related legislation within the framework of the objectives of the department. The person appointed to this position will report to the Manager. Key Performance Areas • Assist to Identify and propose changes to regulatory framework and assist the Head of Department with implementation of such changes; • Assist the Head of Department to develop and maintain an effective and efficient supervisory framework within the context of the approved legislation; • Assist with the monitoring of compliance with the provisions of the Financial Markets Act and subordinate legislation; • Assist to plan and conduct on-site inspections with professionalism and the required technical standards; • Liaise with and render appropriate regulatory guidance to stakeholders after consultation with the senior staff members and the Manager; and • Attend to administrative duties, including writing reports to management and other stakeholders. 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 Commerce, Finance or Mathematics with 2 to 3 years’ working experience in the financial sector and/or the regulatory environment within the financial services industry. The candidate must also demonstrate an understanding of financial markets and financial instruments. Good knowledge of financial analysis and risk management is essential. Closing Date: 23 January 2024 Work Level Skilled Job Type Permanent Salary Market Related EE Position Yes Location Pretoria PLEASE APPLY HERE
DEPARTMENTAL HEAD - MARKET SURVEILLANCE AND DATA ANALYSIS DEPARTMENT (PRETORIA) Reference Number FSCA158 Purpose of the Job: To assist the FSCA in achieving its mandate to enhance and support capital markets efficiency and integrity through regulating and supervising the financial markets and related infrastructures for market surveillance, monitoring market abuse and issuer disclosures. This entails processing large data, performing market analysis and surveillance reviews of order and trade activities to prevent market manipulation and detect market abuse. The person appointed to this position will report to the Divisional Executive: Market Integrity & Decision Sciences. Key Performance Areas: • Support the execution of the market surveillance function. • Performing market surveillance reviews of order and trade activities to prevent market manipulation, detect market abuse, and ensure the integrity and transparency of the markets. • Contribute to on- and off-site risk assessments for licensed Financial Market Infrastructures like exchanges. • Support the execution of the Market Monitoring Program; this includes monitoring of issuers of securities’ (initial and on-going) market disclosures, ensuring daily sign-off of key logs and managing the disclosure database. • Preparation of Markets Management Information Reports including time sheet analysis, breaches, and disclosure-related issues. • Being able to use tools and systems that support market surveillance and monitoring functions. • Continuously learn and apply the latest tools and technologies to achieve results. • Address ad-hoc market surveillance data analytics and reporting requirements. • Provide technical advice on a broad area of financial sector and market structure issues, specifically relating to the functioning of the primary and secondary market for securities. • Provide input to the formulation of policy and/or rules concerning these matters, enforcement action, new products and identifying arising risks. • Contribute to the review of Authorized Market Institutions (AMI)/Alternative Trading Systems (ATS) licence applications and proposed changes to licence requirements made by AMI’s operating an exchange, clearing house or alternative trading system. • Build and foster working relationships with other local and international regulators. • Build and foster working relationships with the market abuse enforcement team at the FSCA. Other Key Competencies: Candidates must demonstrate the following skills and attributes: A high level of judgement and a confident and decisive approach; be comfortable with numbers and problem analysis; information gathering; report writing, communication skills; good interpersonal skills and emotional intelligence; attention to detail; customer relations and persuasiveness skills. FSCA is committed towards increasing the representation of marginalized groups in line with its Employment Equity Plan, however all applicants are welcomed. 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 Masters degree in Data Analysis, Financial Modelling, Business Science or Analytics, Investment Management, Actuarial Sciences or equivalent. Minimum of 15 years working experience with at least 5 years’ experience at management level in a field where market surveillance was a prominent activity, preferably in a financial services sector or regulator. Good knowledge and understanding of the financial services industry and financial services regulation. Regulatory, compliance or risk management experience in a broadly equivalent financial services regulator and/or a regulated entity. Closing Date: 26 January 2024 Work Level Senior Management Job Type Permanent Salary Market Related EE Position Yes Location Pretoria PLEASE APPLY HERE
DEPARTMENTAL HEAD - MARKET SURVEILLANCE AND DATA ANALYSIS DEPARTMENT (PRETORIA) Reference Number FSCA158 Purpose of the Job: To assist the FSCA in achieving its mandate to enhance and support capital markets efficiency and integrity through regulating and supervising the financial markets and related infrastructures for market surveillance, monitoring market abuse and issuer disclosures. This entails processing large data, performing market analysis and surveillance reviews of order and trade activities to prevent market manipulation and detect market abuse. The person appointed to this position will report to the Divisional Executive: Market Integrity & Decision Sciences. Key Performance Areas: • Support the execution of the market surveillance function. • Performing market surveillance reviews of order and trade activities to prevent market manipulation, detect market abuse, and ensure the integrity and transparency of the markets. • Contribute to on- and off-site risk assessments for licensed Financial Market Infrastructures like exchanges. • Support the execution of the Market Monitoring Program; this includes monitoring of issuers of securities’ (initial and on-going) market disclosures, ensuring daily sign-off of key logs and managing the disclosure database. • Preparation of Markets Management Information Reports including time sheet analysis, breaches, and disclosure-related issues. • Being able to use tools and systems that support market surveillance and monitoring functions. • Continuously learn and apply the latest tools and technologies to achieve results. • Address ad-hoc market surveillance data analytics and reporting requirements. • Provide technical advice on a broad area of financial sector and market structure issues, specifically relating to the functioning of the primary and secondary market for securities. • Provide input to the formulation of policy and/or rules concerning these matters, enforcement action, new products and identifying arising risks. • Contribute to the review of Authorized Market Institutions (AMI)/Alternative Trading Systems (ATS) licence applications and proposed changes to licence requirements made by AMI’s operating an exchange, clearing house or alternative trading system. • Build and foster working relationships with other local and international regulators. • Build and foster working relationships with the market abuse enforcement team at the FSCA. Other Key Competencies: Candidates must demonstrate the following skills and attributes: A high level of judgement and a confident and decisive approach; be comfortable with numbers and problem analysis; information gathering; report writing, communication skills; good interpersonal skills and emotional intelligence; attention to detail; customer relations and persuasiveness skills. FSCA is committed towards increasing the representation of marginalized groups in line with its Employment Equity Plan, however all applicants are welcomed. 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 Masters degree in Data Analysis, Financial Modelling, Business Science or Analytics, Investment Management, Actuarial Sciences or equivalent. Minimum of 15 years working experience with at least 5 years’ experience at management level in a field where market surveillance was a prominent activity, preferably in a financial services sector or regulator. Good knowledge and understanding of the financial services industry and financial services regulation. Regulatory, compliance or risk management experience in a broadly equivalent financial services regulator and/or a regulated entity. Closing Date: 26 January 2024 Work Level Senior Management Job Type Permanent Salary Market Related EE Position Yes Location Pretoria PLEASE APPLY HERE JUNIOR ANALYST X2 - FINANCIAL ADVISERS AND INTERMEDIARIES DEPARTMENT (PRETORIA) Reference Number FSCA447-452 Purpose of the Job: To assist the department in ensuring that the approved authorised Financial Services Providers (FSPs) and their Compliance Officers complies with the Financial Advisory and Intermediary Services (FAIS) legislation. The person appointed to this position will report to the Manager. Key Performance Areas: • Monitor compliance with legislation to ensure sound and efficient Financial Services Providers and the protection of consumers; • Analyse annual financial statements of Financial Services Providers to ensure that proper reporting standards and procedures have been followed; • Analyse compliance reports of Financial Services Providers; • Liaise with Financial Services Providers on issues of non-compliance identified during analysis of statutory reports; • Perform onsite inspections in terms of risk-based supervision approach; • Liaison with Financial Services Providers; and • Perform administrative or other activities relating to the regulation framework. 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; attention to detail; information gathering; communication skills; good interpersonal skills and emotional intelligence; customer relations and persuasiveness skills. The candidate must have a valid driver’s license and must be willing to travel. 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, B Com, B Tech degree with Accounting as major or any other relevant discipline with 0 - 1 years working experience. A good understanding and exposure to the FAIS Act of 2002 will be an added advantage. Work Level Junior Job Type Permanent Salary Market Related EE Position Yes Location Pretoria PLEASE APPLY HERE SPECIALIST ANALYST - MARKET INFRASTRUCTURES AND OTC MARKETS (PRETORIA) Reference Number FSCA.175 Purpose of the Job To advise the Market Infrastructures and OTC Derivatives Providers internally on a wide range of practices, conduct and concerns affecting the industry and allied activities. The person appointed to this position will have a direct reporting line to the Senior Manager: OTC Market Supervision. Key Performance Areas • Identify shortcomings and anomalies to regulatory framework and subordinate legislation; • Assist the Department with the analysis and assessment of conduct of market on financial markets legislation; • Assist with the reform of financial markets legislation to reflect operating realities as the need arises; • Consider and advise the Department on proposed amendments to the listing requirements and rules of the market infrastructures; • Assist the Department to maintain an effective framework for supervision of Market Infrastructures and Over-the-Counter Derivatives Providers (ODPs); • Assist in the supervision and the monitoring of compliance with financial markets legislation, regulations and the rules of the market infrastructures; • Represent the Authority at relevant meetings of the Market Infrastructures; • Liaise with and render appropriate regulatory guidance to stakeholders after consultation with the Senior Manager and Head of Department. Other Key Competencies: The candidate must demonstrate the following skills and attributes: strong analytical abilities, attention to detail, leadership skills, active listening, critical thinking, financial and numeracy skills, excellent communication skills (verbal and written) and innovative and strategic thinking, good understanding of complex financial instruments, including derivatives, demonstrate an understanding of operational and quantitative risk management, excellent project management skills, detailed understanding of the regulatory framework, excellent report writing skills, decisive and confident, 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 business, economics, accounting, mathematics degree or similar, with at least 3 to 5 years relevant experience, preferably in finance, risk management, audit or management consulting role within the South African Capital Markets Industry, finance or related commerce. Experience within a financial markets environment, investment banking, structured finance or similar will be a distinct advantage. An ability to understand complex financial instruments and processes including derivatives, bonds, equities and foreign exchange and the risks associated with these instruments would be desirable. Closing Date: 19 January 2024 Work Level Senior Job Type Permanent Salary Market Related EE Position Yes Location Pretoria PLEASE APPLY HERE
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