FINANCIAL SECTOR CONDUCT AUTHORITY (FSCA) VACANCIES

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SENIOR ANALYST: MARKET TRANSPARENCY AND RISK MANAGEMENT DEPARTMENT
(Pretoria)
Reference Number FSCA 817
 
Purpose of the Job
To oversee the implementation and supervision of the regulatory framework for credit ratings agencies (“CRAs”) and financial benchmark administrators (“FBAs”). CRAs are primarily regulated and supervised in terms of the Credit Rating Services Act No. 24 of 2012 (“CRS Act”); and the regulations of financial benchmarks is currently under development. The person appointed to this position will be stationed in the Market Integrity and Decision Sciences Division and will report to the Senior Manager: Ratings and Indices.

Key Performance Areas
• Provide support in the implementing and administering of the CRS Act, Conduct Standard - Requirements relating to the provision of a benchmark and any   other subordinate legislation.
• Initiate and conduct routine market conduct on-site inspections of CRAs and FBA in terms of the Risk-Based Supervision approach.
• Review and recommend for approval or refusal of applications for licence, amendments, exemptions, and outsourcing arrangements for CRAs, and assist the   licencing division in the review of applications for license for FBAs. 
• Conduct relevant research to improve the standard of regulation in line with national and international developments and requirements.
• Participates in and contributes to discussions regarding possible regulatory and policy direction on the regulation and supervision of CRAs and FBAs.
• Represent the department at relevant internal and external meetings, committees, and forums in line with stakeholder engagement plan. 
• Assist in the compilation of routine reports and commentaries within the set timelines. 

Other Key Competencies
The applicant must demonstrate the following skills and attributes: strong analytical abilities, attention to detail, critical and innovative thinking, strong financial and numeracy skills, excellent communication skills (verbal and written), ability to work as part of a team as well as independently. The candidate must be confident, decisive and approach all tasks in a diligent and 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 finance, economics, accounting, or law with at least 5 years of experience in the financial sector and/or the regulatory environment within the financial services industry. Good knowledge and/or experience of the functioning of the financial markets, credit rating services or financial benchmarks will be an added advantage.
 
Closing Date: 1 October 2024
 
Work Level Skilled
Job Type Permanent
Salary Market Related
EE Position Yes
Location Pretoria
 
PLEASE APPLY HERE

SENIOR ANALYST: MARKET ISSUERS AND INTERMEDIARIES DEPARTMENT (Pretoria)
Reference Number FSCA 627
 
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 Senior Manager: Public Markets, issuers and Authorised Users.

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; 
• Consider licence applications and make recommendations;
• 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 listening, critical thinking, strong financial and numeracy skills, good 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
 
Requirements
A business, economics, accounting, finance or Mathematics degree or similar with 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 an understanding of financial markets, financial instruments and the mechanics of Market Infrastructures. Good knowledge of corporate governance frameworks. Good knowledge and experience in financial analysis and risk management are essential.  

Closing Date: 1 October 2024
 
Work Level Skilled
Job Type Permanent
Salary Market Related
EE Position Yes
Location Pretoria
 
PLEASE APPLY HERE



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JUNIOR ANALYST: FINANCIAL ADVISERS AND INTERMEDIARIES DEPARTMENT 
(Pretoria)
 
Reference Number FSCA 442
 
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. 
 
Closing Date: 27 September 2024
 
Work Level Junior
Job Type Permanent
Salary Market Related
EE Position Yes
Location Pretoria
 
PLEASE APPLY HERE