The FSCA's mandate is to enhance the efficiency and integrity of financial markets; promote fair customer treatment by financial institutions; provide financial education and promote financial literacy; and assist in maintaining financial stability in South Africa.
This is in line with the Twin Peaks model of financial sector regulations, as envisioned in...
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Analyst : Retirement Funds Conduct Supervision Department (Pretoria)
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 transfer 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);
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.
Requirements
A BCom/BSc or Bachelor Degree, with at least 3 years’ working experience in the 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.
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