FINANCIAL SECTOR CONDUCT AUTHORITY (FSCA)
SPECIALIST ANALYST - AML/CFT SUPERVISION DEPARTMENT (PRETORIA) Reference Number: FSCA 1069 Description Purpose of the Job: To supervise and/or enforce compliance with the Financial Intelligence Centre Act, by the Financial Institutions categorized as accountable institutions and ensure that any referrals relating to AML/CFT matters received from the Financial Intelligence Centre are appropriately dealt with within the FSCA. The person appointed to this position will report to the Manager: AML/CFT Supervision Department. Key Performance Areas: • Monitor and enforce compliance with the FIC Act by the financial institutions; • Identify and report trends in the financial services sector with possible impact on the FSCA’s ability to discharge its duties as a Supervisory Body; • Conduct on-site and/or offsite inspections and other supervisory activities in terms of the FIC Act; • Investigate all complaints relating to financial institutions; • Refine processes and procedures relating to regulatory and supervisory frameworks; • Actively participate in and contribute to industry and FSCA committees as and when required; • Assist junior staff with planning and performance on supervisory activities; • Assist the Manager in training and development of Junior Staff; • Liaise with internal and external stakeholders in respect of regulatory and supervisory matters; and • Perform administrative or other supervisory activities relating to the regulatory framework. Other Key Competencies: The candidate must demonstrate the following skills and attributes: Problem analysis and solving, judgement, oral and written communication, information gathering; good interpersonal skills; the ability to work in a team; emotional intelligence; customer relations; persuasiveness skills and good computer 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. Closing Date: 18 August 2023 Requirements A Bachelors’ Degree (NQF 7) in Accounting, Audit, Law, Risk Management and other relevant discipline and other relevant discipline with at least 4 years working experience within the financial services industry. A postgraduate certificate in Anti-Money Laundering will be advantageous. The candidate must have a good knowledge and exposure to the financial sector laws. A good understanding of the FIC Act and the Financial Sector Regulation Act is essential. Excellent report writing skills are essential. The candidate will be required to travel domestically. Work Level: Skilled Job Type: Permanent Salary: Market Related EE Position: Yes Location: Pretoria APPLY HERE
ANALYST X 2 - FINANCIAL ADVISORS AND INTERMEDIARIES (PRETORIA) Reference Number: FSCA432407 Description 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; •Identify and report trends in the financial services sector with possible impact on the FSCA’s regulatory objectives; •Identify financial risks based on analysis of financial statements and any other financial information; •Perform on site visits 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. 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. Closing Date: 18 August 2023 Requirements An LLB or B Com or B Tech with Accounting as major with at least 2 to 3 years relevant experience of financial services industry or compliance management. The candidate must have a good knowledge and exposure to the financial sector, a good understanding of the FAIS Act of 2002. Good knowledge and/or experience of the FAIS regulatory framework and understanding of the insurance or banking industry is essential. Work Level: Skilled Job Type: Permanent Salary: Market Related EE Position: Yes Location: Pretoria APPLY HERE
SENIOR ANALYST - RETIREMENT FUNDS: CONDUCT SUPERVISION DEPARTMENT (PRETORIA) Reference Number: FSCA339 Description Purpose of the Job: To regulate and supervise retirement funds through monitoring compliance with the Pension Funds Act, Regulations, Conditions and Financial Sector Conduct Authority’s (FSCA) policy to safeguard the interest of both the members of the funds through the analysis of S14 applications, withdrawals, amendments, extension applications and exemptions related thereto. The person appointed to the position will report to the Manager Key Performance Areas: • Evaluate, analyse and review applications for the transfer of business between retirement funds; • Ensuring that legislation and the rules of funds are complied with when granting section 14 approval; • Review and analyse applications for the withdrawal or amendment of approved section 14 applications and make recommendations to the Manager; • Assisting with the regulation of retirement funds in as far as section 14 transfers are concerned; • Deal with the administration and analysis of applications for extensions; • Identifying systemic risk to the industry and make necessary recommendations; • Assist with enquiries from administrators, funds and members (treat customers fairly); • Assisting the Manager and HOD with statistical / management reports; • Undertaking projects at the request of the Manager or the Departmental Head. Other Key Competencies: The candidates must demonstrate the following skills and attributes: An excellent command of both spoken and written English and proficiency in the use of Microsoft Office and computerised workflow systems, report writing, numeric, verbal and analytical skills; The candidate must be able to plan independently and be deadline driven, ability to work effectively, independently and in a team be able and to learn from and transfer knowledge and skills to colleagues. A commitment to improving outcomes for members of retirement funds and their dependants and the energy, initiative, emotional intelligence and inter-personal skills required. FSCA is committed to increasing the representation of previously marginalised groups, including persons with disabilities, in line with its Employment Equity Plan. Please note that the FSCA will only communicate with short-listed candidates and that it reserves the right not to make an appointment if no suitable candidate is identified. Closing Date: 18 August 2023 Requirements A Bachelor Degree, with 5 to 6 years’ relevant regulatory experience in retirement funds industry and/or financial sector. An experience in section 14 applications, analysis, evaluation and the interpretation thereof are an added advantage. The candidate must also have good working knowledge and experience of the Pension Funds Act, FSR Act and related Directives, PF Circulars, Notices and Standards, with a strong financial, analytical and leadership capability. Work Level: Mid-Level Job Type: Permanent Salary: Market Related EE Position: Yes Location: Pretoria APPLY HERE
SPECIALIST ANALYST - OTC MARKETS, ISSUERS AND COUNTERPARTIES DEPARTMENT (PRETORIA) Reference Number: FSCA 175 Description 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. Requirements A business, economics, accounting, mathematics degree or similar, with at least 5 years relevant experience, preferably in regulation, 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. 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. Closing Date: 18 August 2023 Requirements A business, economics, accounting, mathematics degree or similar, with at least 5 years relevant experience, preferably in regulation, 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. Work Level: Senior Job Type: Permanent Salary: Market Related EE Position: Yes Location: Pretoria APPLY HERE
SPECIALIST ANALYST - MARKETS, ISSUERS AND INTERMEDIARIES DEPARTMENT (PRETORIA) Reference Number: FSCA1115 Description Purpose of the Job The Markets, Issuers and Intermediaries Department of the FSCA is responsible for licensing and supervising market infrastructures (i.e exchanges) operating within the South African financial markets in terms of the Financial Markets Act, 2012 (Act no 19 of 2012). The department has oversight responsibilities over public markets, authorised users and issuers. The person appointed to this position will be stationed in the Market Integrity and Decision Sciences Division and will report to the Manager. Key Performance Areas • Assist in identifying shortcomings and anomalies to the regulatory framework; • Assist in proposing changes to the regulatory framework and assist the Department with the implementation of such changes; • Assist 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 inspections; • Liaise with and render appropriate regulatory guidance to stakeholders after consultation with the Manager and Head of Department. • Assist in conducting investigations regarding Market Infrastructures and to ensure that all relevant complaints are dealt with; and • Apply risk assessments and risk management techniques. Other Key Competencies: The applicant must demonstrate the following skills and attributes: strong analytical abilities, attention to detail, leadership skills, active listening, critical thinking, strong financial and numeracy skills, excellent communication skills (verbal and written), ability to work in a team, Ability to work independently with minimal supervision, innovative and strategic thinking. Good understanding of market infrastructures operating within the South African Financial Markets and excellent project management skills. 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. Closing Date: 18 August 2023 Requirements A business, economics, accounting, Finance or Mathematics degree or similar with at least 5 years of experience in the financial sector and/or the regulatory environment within the financial services industry. The candidate must also demonstrate good knowledge of corporate governance frameworks, an understanding of financial markets, financial instruments and the mechanics of Market Infrastructures. Good knowledge and experience in financial analysis and risk management are essential. Work Level: Mid-Level Job Type: Permanent Salary: Market Related EE Position: Yes Location: Pretoria APPLY HERE
SENIOR ANALYST - MARKETS, ISSUERS AND INTERMEDIARIES DEPARTMENT (PRETORIA) Reference Number: FSCA1116 Description Purpose of the Job The Markets, Issuers and Intermediaries Department of the FSCA is responsible for licensing and supervising market infrastructures (i.e exchanges) operating within the South African financial markets in terms of the Financial Markets Act, 2012 (Act no 19 of 2012). The department has oversight responsibilities over public markets, authorised users and issuers. The person appointed to this position will be stationed in the Market Integrity and Decision Sciences Division and will report to the Manager. Key Performance Areas • Assist in Identifying shortcomings and anomalies to the regulatory framework; • Assist in proposing changes to the regulatory framework and assist the Department with the implementation of such changes; • Assist 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 inspections; • Liaise with and render appropriate regulatory guidance to stakeholders after consultation with the senior analysts and the Manager; • Assist in conducting investigations regarding Market Infrastructures and to ensure that all relevant complaints are dealt with; and • Apply risk assessment and risk management techniques. Other Key Competencies The applicant must demonstrate the following skills and attributes: strong analytical abilities, attention to detail, active critical thinking, strong financial and numeracy skills, excellent communication skills (verbal and written), ability to work in a team, Ability to work independently with minimal supervision, 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. Closing Date: 18 August 2023 Requirements A business, economics, accounting, Finance or Mathematics degree or similar with at least 3 to 5 years of experience in the financial sector and/or the regulatory environment within the financial services industry. The candidate must also demonstrate a good understanding of financial markets, financial instruments and the mechanics of Market Infrastructures. Good knowledge of corporate governance frameworks, financial analysis and risk management are essential. Work Level: Mid-Level Job Type: Permanent Salary: Market Related EE Position: Yes Location: Pretoria APPLY HERE
JUNIOR ANALYST - FUND GOVERNANCE TRUSTEE & CONDUCT DEPARTMENT (PRETORIA) Reference Number: FSCA1073 Description Purpose of the Job: To provide support to the Retirement Funds Supervision Division in their work by providing guidance on the manner in which to deal with specific cases; by providing input into the establishment, maintenance and monitoring of trustee training and qualifications and responsible for drafting and oversight of good governance principles and standards for funds. The person appointed to the position will report to the Manager. Key Performance Areas: • Research local and international trends relating to good corporate governance; • Determine and evaluate funds’ compliance with the Treating Customers Fairly principles; • Responsible for coordinating and arranging workshops for retirement fund trustees; • Responsible for matters pertaining to the Trustee Training Toolkit • Research and evaluate issues relevant to fund governance and conduct of trustees of retirement funds; • Provide general legal support to the departments within the Retirement Funds Supervision Division; • Draft responses to Default Regulation Exemptions and Extensions • Propose and draft Guidance Notices and Conduct Standards in terms of the FSRA; • Provide input into the establishment, maintenance and monitoring of trustee training and qualifications (where applicable); • Assist the Retirement Funds Supervision Division with the implementation of appropriate enforcement actions provided for in Chapter 10 of the FSRA. Other Key Competencies: The candidates must demonstrate the following skills and attributes: An excellent command of both spoken and written English and proficiency in the use of Microsoft Office and computerised workflow systems. Excellent skills in the investigation of facts and circumstances, the recordal of all relevant matters, the collection, organisation and protection of evidence that may be required for the purposes of regulatory action, legal research and factual analysis and writing and other forms of communication. A commitment to improving outcomes for members of retirement funds and their beneficiaries and the energy, initiative, emotional intelligence and inter-personal skills required for the purpose. Willingness to work both independently and in a team and to learn from and transfer knowledge and skills to colleagues; and to work after hours. The candidate must be able to plan independently and be deadline driven. 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. Closing Date: 15 August 2023 Requirements A Bachelor of Law (LLB) degree with 1 to 2 years’ experience. Work Level: Junior Job Type: Permanent Salary: Market Related EE Position: Yes Location: Pretoria APPLY HERE ANALYST X2 - MICRO AND ACCESS PRODUCT INSTITUTIONS (PRETORIA) Reference Number: FSCA 278 & 586 Description 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. 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. Closing Date: 15 August 2023 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. Work Level: Skilled Job Type: Permanent Salary: Market Related EE Position: Yes Location: Pretoria APPLY HERE ASSISTANT INVESTIGATOR - ENFORCEMENT DEPARTMENT (PRETORIA) Reference Number: FSCA1019 Description Purpose of the Job: To conduct or assist with forensic regulatory investigations or preliminary investigations, within the financial services industry (financial markets, insurance, collective investment schemes, hedge funds, pension funds and financial and advisory services) and to take responsibility for the regulatory and enforcement action, following from such investigations or preliminary investigations. Persons appointed to these positions will report to the Senior Manager. Key Performance Areas:
Other Key Competencies: Candidates must demonstrate good communication and interviewing skills, good interpersonal skills, a confident and decisive approach particularly in difficult situations. Candidates must be able to draft investigation reports, with findings properly supported by cross-referenced evidence. Closing Date: 11 August 2023 Requirements A Legal, Forensic, Accounting, or similar degree with at least one or two years of experience in a forensic investigations team. Work Level: Skilled Job Type: Permanent Salary: Market Related EE Position: Yes Location: Pretoria APPLY HERE
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