FINANCIAL SECTOR CONDUCT AUTHORITY (FSCA)
ANALYST: LICENSING DEPARTMENT (PRETORIA) Reference Number: FSCA784 Purpose of the Job: To assist the department with the processing of new licence applications, variation of licences, auditor appointments and removals, compliance officer approvals and removals as well as the performance of any other licensing-related functions and activities. The person appointed to this position will report to the Manager: Licensing. Key Performance Areas: • Analyse and recommend approval or decline of all applications submitted for authorization (including concurrence granting) in respect of Financial Services Providers, Collective Investment Schemes, Collective Investment Schemes management companies, Retirement Funds Benefit Administrators, Insurers, banks, Cooperative Financial Institutions, Compliance Officers as well as any related requests; • Project management and report writing; • Analyse and recommend approval or decline of applications by foreign entities residing outside of South Africa; • Assist in ensuring that only fit and proper individuals, directors of companies, members of close corporations and sole proprietors are approved in management structures of authorised entities. 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; the ability to find information relevant and necessary for decision-making; good communication and interpersonal skills; strong verbal and written communication skills; strong interpersonal skills and emotional intelligence; analytical, and problem-solving skills as well as the ability to make facts-supported judgement calls and 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 An LLB or B Comm Degree or equivalent with 2 to 3 years relevant experience, preferably in the FAIS and/or Insurance environment; sound knowledge and experience, regarding the functioning of the financial services industry, the various role-players and/or the regulatory environment; sound technical understanding of the workings of the banking and/or insurance and/or retirement funds industries. Closing Date: 14 November 2013 Work Level: Skilled Job Type: Permanent Salary: Market Related EE Position: Yes Location: Pretoria PLEASE APPLY HERE
MANAGER: SUPERVISORY PROJECTS - INSURERS SUPERVISION DEPARTMENT (PRETORIA) Reference Number: FSCA1051 Purpose of the Job: To assist with the general management of the department, coordinate and provide technical support for key supervisory projects and to help enhance and maintain a risk-based conduct of business supervisory framework for the insurance sector. The person appointed to this position will report to the Departmental Head. Key Performance Areas: • Planning, managing, coordinating, and driving key supervisory projects to be conducted by the Insurers Supervision Department, thus ensuring the enhancement and implementation of appropriate and effective supervisory strategies. • Provide expert supervisory and technical input into strategic decision-making processes in the Department and the Conduct of Business Division where required. • Provide technical and other support to the relevant Executive Committee member on matters related to the work of the Department as and when required. • Provide input into legislative amendments and the work of international forums where required. • Ensure that the deliverables meet strict deadlines. • Assist the Departmental Head by recommending and implementing changes following the outcomes identified by the supervisory projects that are undertaken. • Assist the Departmental Head to apply a risk-based approach to prioritisation of deliverables and allocate appropriate resources accordingly. • Engage with industry stakeholders on various conducts of business supervisory matters. • Engage with senior management within the FSCA on operational and strategic matters as and when required. • Engage with management of financial institutions, especially insurers on complex matters as and when required. • Engage with stakeholders on international level when required. • Establish constructive working relationships with co-regulators. • Manage the human resources of the team effectively and efficiently (train, develop, monitor, lead and assess performance of staff). • Analyse situations and large volumes of information and apply sound judgment-based decision making with great attention to detail. Other Key Competencies: The candidates must demonstrate the following skills: To function well under pressure, show a high level of professional judgement, agility and personal resilience, and the ability to use applicable legislation, Strong understanding of international and local trends and developments impacting the insurance sector. To organise, lead and motivate a team to meet individual, team, Departmental, and organisational goals. Have strong computer skills. Have excellent research, presentation, analytical, written, and oral communication skills. Leadership competencies and strong strategic thinking abilities. 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 A bachelor’s degree in law, or a Risk Management, Business, Economics or Accounting qualification, with at least 5 - 7 years’ experience in the financial services industry, including specific experience relevant to the insurance sector. Experience in monitoring, compliance management, risk management, project management, and people management will be highly advantageous. Demonstrate the ability to manage diverse stakeholder relationships and collaborate across cross-functional areas will be desirable. Closing Date: 13 November 2023 Work Level: Management Job Type: Permanent Salary: Market Related EE Position: Yes Location: Pretoria PLEASE APPLY HERE
ANALYST - RETIREMENT FUNDS CONDUCT SUPERVISION DEPARTMENT (PRETORIA) Reference Number: FSCA1056 Purpose of the Job: To regulate and supervise retirement funds and benefit administrators through monitoring compliance with the Pension Funds Act, Regulations, Board Notice 24 of 2002, Directives and FSCA’s policy to safeguard the interest of both the members of retirement funds and retirement fund benefit administrators. The person appointed to this position will report to the Manager. Key Performance Areas: • Monitor compliance with legislation to ensure sound and efficient retirement funds and benefit administrators and to ensure the protection of consumers; • Analyse annual financial statements of retirement fund benefit administrators to ensure that proper reporting standards and procedures have been followed; • Analyse compliance reports and annual reports on retirement fund benefit administrators; • Liaise with retirement funds and benefit administrators on issues of non-compliance identified during desktop reviews, inspections and the analysis of compliance and annual reports; • Support team members with the analysis of regulatory returns; • Assist the Manager with projects and other ad hoc tasks; • Perform on-site inspections in terms of a risk-based supervision approach; • Produce on-site inspection reports on retirement funds and benefit administrators; • Assist the team with planning and on-site inspections; • Liaison with industry stakeholders; and • Perform administrative or other activities relating to the regulatory framework. Other Key Competencies: Candidates must demonstrate the following skills and attributes: A high level of judgement and a confident and decisive approach; 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 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 A Bachelor of Commerce or Law degree with at least 2 to 3 year’s working experience. The candidate must have knowledge and exposure to the retirement funds or benefit administration industry and an understanding of the Pension Funds Act, 1956 including section 13B of the Act and Board Notice 24 of 2002. Closing Date: 13 November 2023 Work Level: Skilled Job Type: Permanent Salary: Market Related EE Position: No Location: Pretoria PLEASE APPLY HERE JUNIOR ANALYST - RETIREMENT FUNDS CONDUCT SUPERVISION DEPARTMENT (PRETORIA) Reference Number: FSCA-1072 Purpose of the Job: To regulate and supervise retirement funds and benefit administrators through monitoring compliance with the Pension Funds Act, Regulations, Board Notice 24 of 2002, Directives and FSCA’s policy to safeguard the interest of both the members of retirement funds and retirement fund benefit administrators. The person appointed to this position will report to the Manager. Key Performance Areas: • Monitor compliance with legislation to ensure sound and efficient retirement funds and benefit administrators and to ensure the protection of consumers; • Analyse annual financial statements of retirement fund benefit administrators to ensure that proper reporting standards and procedures have been followed; • Analyse compliance reports and annual reports on retirement fund benefit administrators; • Liaise with retirement funds and benefit administrators on issues of non-compliance identified during desktop reviews, inspections and the analysis of compliance and annual reports; • Support team members with the analysis of regulatory returns; • Assist the Manager with projects and other ad hoc tasks; • Perform on-site inspections in terms of a risk-based supervision approach; • Produce on-site inspection reports on retirement funds and benefit administrators; • Assist the team with planning and on-site inspections; • Liaison with industry stakeholders; and • Perform administrative or other activities relating to the regulatory framework. Other Key Competencies: Candidates must demonstrate the following skills and attributes: A high level of judgement and a confident and decisive approach; 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 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 A Bachelor of Commerce or Law degree with applicable working experience. Good knowledge and exposure to the Pension Funds Act and the industry will be an added advantage. Closing Date: 13 November 2023 Work Level: Junior Job Type: Permanent Salary: Market Related EE Position: Yes Location: Pretoria PLEASE APPLY HERE
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