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FINANCIAL SECTOR CONDUCT AUTHORITY (FSCA) VACANCIES
FINANCIAL SECTOR CONDUCT AUTHORITY (FSCA)
ANALYST - FINANCIAL ADVISERS AND INTERMEDIARIES DEPARTMENT (Pretoria)
Reference Number FSCA 434
Description
Purpose of the Job:
To assist the department in investigating complaints of alleged contraventions of the Financial Sector Regulation Act and other sector laws whilst upholding the quality and integrity expected of the Financial Sector Conduct Authority. The person appointed to this position will report to the Manager.
Key Performance Areas:
• Investigate complaints relating to contraventions of the Financial Sector Regulation Act and other sector laws;
• Ensure that regulatory action is taken when the contravention is confirmed;
• Liaise with investigators with regard to the investigation process;
• Deal with debarments of persons who have been found to have materially contravened the FSR Act and /or any sector law;
• Deal with suspensions and withdrawals of entities authorised in terms of the FAIS Act; and
• Be able to perform administrative and 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, communication skills (verbal and written), good interpersonal skills and emotional intelligence, customer relations and persuasiveness skills. Good knowledge and/or experience of the functioning of the Financial Sector Regulation Act and other sector laws and knowledge of workflow system is essential.
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 related field with 2 to 3 year working experience. Candidates must have an understanding of the Financial Sector Regulation (FSR) Act and other sector laws.
Closing Date: 18 September 2024
Work Level Skilled
Job Type Permanent
Salary Market Related
EE Position Yes
Location Pretoria
PLEASE APPLY HERE
ANALYST - FINANCIAL ADVISERS AND INTERMEDIARIES DEPARTMENT (Pretoria)
Reference Number FSCA 434
Description
Purpose of the Job:
To assist the department in investigating complaints of alleged contraventions of the Financial Sector Regulation Act and other sector laws whilst upholding the quality and integrity expected of the Financial Sector Conduct Authority. The person appointed to this position will report to the Manager.
Key Performance Areas:
• Investigate complaints relating to contraventions of the Financial Sector Regulation Act and other sector laws;
• Ensure that regulatory action is taken when the contravention is confirmed;
• Liaise with investigators with regard to the investigation process;
• Deal with debarments of persons who have been found to have materially contravened the FSR Act and /or any sector law;
• Deal with suspensions and withdrawals of entities authorised in terms of the FAIS Act; and
• Be able to perform administrative and 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, communication skills (verbal and written), good interpersonal skills and emotional intelligence, customer relations and persuasiveness skills. Good knowledge and/or experience of the functioning of the Financial Sector Regulation Act and other sector laws and knowledge of workflow system is essential.
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 related field with 2 to 3 year working experience. Candidates must have an understanding of the Financial Sector Regulation (FSR) Act and other sector laws.
Closing Date: 18 September 2024
Work Level Skilled
Job Type Permanent
Salary Market Related
EE Position Yes
Location Pretoria
PLEASE APPLY HERE
SPECIALIST ANALYST X 2 - INSURERS SUPERVISION DEPARTMENT (Pretoria)
Reference Number FSCA 241 & 256
Description
Purpose of the Job:
To provide in depth subject matter expertise relating to the Long-term Insurance Act 52 of 1998, Short-term Insurance Act 53 of 1998, Financial Sector Regulation Act 9 of 2017 and Insurance Act 18 of 2017(insurance legislation), to supervise compliance with the provisions of insurance legislation. The persons appointed to this position will report to the Manager.
Key Performance Areas:
• Monitor compliance with legislation to ensure the protection and fair treatment of policyholders by closely managing and supervising a portfolio of insurance companies and taking necessary action for non-compliance, where applicable and necessary;
• Responsible for coordinating, planning and conducting thematic, full market conduct on-site inspections including direct engagements with supervised entities in terms of the risk-based supervision approach, and in line with the departmental supervision objectives and plans;
• Report on the findings and recommend corrective actions where feasible;
• Conduct research and provide specialist technical advice both within the department and to other external stakeholders;
• Liaise and collaborate closely with relevant departments across the organisation, particularly in instances where the entity is supervised by various departments;
• Adhere to department policies and processes including service level commitments;
• Manage and co-ordinate technical projects in the department; and
• Provide strategic and technical support to the department in respect of the development of a framework for conduct of business supervision.
Other Key Competencies:
The candidate must demonstrate the following skills and attributes: ability to analyse high volumes of data, good attention to detail; good verbal and written communication skills; proactive; ability to work independently, problem solving and analysis skills; information gathering, good administration skills, good interpersonal skills and emotional intelligence, good customer relations skills; persuasiveness 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.
Requirements
A degree in Law or Insurance Risk Management, with at least 5 years’ experience in an insurance technical, compliance or risk management role. An excellent knowledge and understanding of the financial services industry, and in particular, the insurance industry is required. Experience in a compliance or risk management role within an insurer would be an added advantage. Preference will be given to candidates with a certification in Compliance or Risk Management.
Closing Date: 17 September 2024
Work Level Skilled
Job Type Permanent
Salary Market Related
EE Position Yes
Location Pretoria
PLEASE APPLY HERE
SPECIALIST ANALYST X 2 - INSURERS SUPERVISION DEPARTMENT (Pretoria)
Reference Number FSCA 241 & 256
Description
Purpose of the Job:
To provide in depth subject matter expertise relating to the Long-term Insurance Act 52 of 1998, Short-term Insurance Act 53 of 1998, Financial Sector Regulation Act 9 of 2017 and Insurance Act 18 of 2017(insurance legislation), to supervise compliance with the provisions of insurance legislation. The persons appointed to this position will report to the Manager.
Key Performance Areas:
• Monitor compliance with legislation to ensure the protection and fair treatment of policyholders by closely managing and supervising a portfolio of insurance companies and taking necessary action for non-compliance, where applicable and necessary;
• Responsible for coordinating, planning and conducting thematic, full market conduct on-site inspections including direct engagements with supervised entities in terms of the risk-based supervision approach, and in line with the departmental supervision objectives and plans;
• Report on the findings and recommend corrective actions where feasible;
• Conduct research and provide specialist technical advice both within the department and to other external stakeholders;
• Liaise and collaborate closely with relevant departments across the organisation, particularly in instances where the entity is supervised by various departments;
• Adhere to department policies and processes including service level commitments;
• Manage and co-ordinate technical projects in the department; and
• Provide strategic and technical support to the department in respect of the development of a framework for conduct of business supervision.
Other Key Competencies:
The candidate must demonstrate the following skills and attributes: ability to analyse high volumes of data, good attention to detail; good verbal and written communication skills; proactive; ability to work independently, problem solving and analysis skills; information gathering, good administration skills, good interpersonal skills and emotional intelligence, good customer relations skills; persuasiveness 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.
Requirements
A degree in Law or Insurance Risk Management, with at least 5 years’ experience in an insurance technical, compliance or risk management role. An excellent knowledge and understanding of the financial services industry, and in particular, the insurance industry is required. Experience in a compliance or risk management role within an insurer would be an added advantage. Preference will be given to candidates with a certification in Compliance or Risk Management.
Closing Date: 17 September 2024
Work Level Skilled
Job Type Permanent
Salary Market Related
EE Position Yes
Location Pretoria
PLEASE APPLY HERE
INCOME ACCOUNTANT - FINANCE DEPARTMENT (Pretoria)
Reference Number FSCA: 21
Description
Purpose of the Job:
To manage the levy accounts of the Ombuds Council, Tribunal, FAIS Ombuds and Pension Fund Adjudicator (PFA)
The person appointed to this position will report to Finance Manager: Income
Key Performance Areas:
• To Reconcile the levy accounts of the Ombuds Council, Tribunal, FAIS Ombuds and PFA.
• To liaise with the office of the above four entities and provide them with the amount the FSCA has invoiced on their behalf.
• To reconcile the accounts of the four entities on monthly basis and process payments on monthly/quarterly basis.
• Responsible for managing the WIP payments of 2606/999 by signing off for the money for fees and levies and reconciling the account on monthly basis.
• To review credit notes, debit notes, fees usage invoices, refunds, journals and penalties of all the income section.
• To do Month end closure.
• Review the monthly write off batches compiled by Senior Credit Controllers.
• Review monthly interest run on all outstanding levies.
• Assisting with notes for financial statements.
• Attending to Internal and External Auditors.
• Review of levies calculations of all the industries i.e. FAIS, Insurance, Pension etc.
Other Key Competencies:
The candidate must demonstrate the following skills and attributes: A judgement skill and have a confident and decisive approach, good communication (verbal and written) and interpersonal skills, problem analysis, analytical skills, and customer relations skills. Commitment to meet deadlines. Supervisory skills, extensive credit control and bookkeeping up to trial balance are essential. Computer literacy.
The candidate will be subjected to competency assessment and integrity checks before an appointment is made.
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
Matric Certificate plus B Com or B Compt with at least 5 years relevant experience in the financial services sector. Experience in a Finance division will be an advantage.
Closing Date: 12 September 2024
Work Level Junior
Job Type Permanent
Salary Market Related
EE Position Yes
Location Pretoria
PLEASE APPLY HERE
INCOME ACCOUNTANT - FINANCE DEPARTMENT (Pretoria)
Reference Number FSCA: 21
Description
Purpose of the Job:
To manage the levy accounts of the Ombuds Council, Tribunal, FAIS Ombuds and Pension Fund Adjudicator (PFA)
The person appointed to this position will report to Finance Manager: Income
Key Performance Areas:
• To Reconcile the levy accounts of the Ombuds Council, Tribunal, FAIS Ombuds and PFA.
• To liaise with the office of the above four entities and provide them with the amount the FSCA has invoiced on their behalf.
• To reconcile the accounts of the four entities on monthly basis and process payments on monthly/quarterly basis.
• Responsible for managing the WIP payments of 2606/999 by signing off for the money for fees and levies and reconciling the account on monthly basis.
• To review credit notes, debit notes, fees usage invoices, refunds, journals and penalties of all the income section.
• To do Month end closure.
• Review the monthly write off batches compiled by Senior Credit Controllers.
• Review monthly interest run on all outstanding levies.
• Assisting with notes for financial statements.
• Attending to Internal and External Auditors.
• Review of levies calculations of all the industries i.e. FAIS, Insurance, Pension etc.
Other Key Competencies:
The candidate must demonstrate the following skills and attributes: A judgement skill and have a confident and decisive approach, good communication (verbal and written) and interpersonal skills, problem analysis, analytical skills, and customer relations skills. Commitment to meet deadlines. Supervisory skills, extensive credit control and bookkeeping up to trial balance are essential. Computer literacy.
The candidate will be subjected to competency assessment and integrity checks before an appointment is made.
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
Matric Certificate plus B Com or B Compt with at least 5 years relevant experience in the financial services sector. Experience in a Finance division will be an advantage.
Closing Date: 12 September 2024
Work Level Junior
Job Type Permanent
Salary Market Related
EE Position Yes
Location Pretoria
PLEASE APPLY HERE
SPECIALIST ANALYST - RETIREMENT FUNDS CONDUCT SUPERVISION DEPARTMENT (Pretoria)
Reference Number FSCA 253
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.
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 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: 12 September 2024
Work Level Skilled
Job Type Permanent
Salary Market Related
EE Position Yes
Location Pretoria
PLEASE APPLY HERE
SENIOR ANALYST - AML/CFT SUPERVISION DEPARTMENT (Pretoria)
Reference Number FSCA 1067
Description
Purpose of the Job:
To supervise and 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 compliance with the FIC Act by the accountable 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;
• Assist with investigations of all complaints relating to accountable institutions;
• Actively participate in and contribute to industry and FSCA committees as and when required;
• 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.
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/LLB or related field with at least 3 years working experience within the financial services industry. 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.
Closing Date: 12 September 2024
Work Level Skilled
Job Type Permanent
Salary Market Related
EE Position Yes
Location Pretoria
PLEASE APPLY HERE