Manager - Supervision: Financial Advisers and Intermediaries Department at FSCA South Africa

Purpose of the Job: 

To supervise and monitor the conduct of business of entities licensed to provide financial advice, and entities who are authorised for the activity of product sales and execution (on a non-advice basis), where the entity is not necessarily also authorised for the actual issue of the products concerned. The department will also be tasked with the conduct of business of intermediary entities (as opposed to the product issuers themselves) authorised for the sales and execution of financial products through non-advice methods. The person appointed to this position will report to the Departmental Head: Supervision Financial Advisers and Intermediaries.   

Key Performance Areas:

•  Manage a team of analysts that perform desk based and on-site supervision following a risk based supervisory approach; 
•  Ensure that supervisory plans are managed and executed on time;
•  Manage onsite and offsite supervision activities; 
•  Manage the investigation of all complaints relating to Financial Services Providers;
•  Ensure that projects are properly planned, managed and executed on time;
•  Ensure implementation of policies, guidelines and procedures to support the risk-based supervision approach;
•  Monitor international trends and developments in the financial services industry to inform supervisory approach;
•  Engage with industry stakeholders on various conducts of business supervisory matters;
•  Innovate new processes and procedures where a need is identified within the department to ensure optimum performance; and
•  Manage the human resources of the team effectively and efficiently (train, develop, monitor, lead and assess performance of staff);

Other Key Competencies:

The candidate must demonstrate the following skills and attributes: A high level of judgement, good interpersonal skills, confident and decisive approach, the ability to analyse problems, the ability to gather information; the ability to manage projects; be able to interact effectively with senior staff/ industry partners and stakeholders; and organise, lead and motivate a team in order to meet individual and work group goals; ability to work effectively under pressure whilst upholding an emphasis on quality. 

Requirements

• Bachelor’s degree in Commerce, Law or other relevant discipline with at least 5 years working experience within the financial services industry, 3 of which must be in a management level. 
• A good knowledge of Financial Advisory and Intermediary Act 2002 and other applicable financial sector laws and the financial services industry is required. The successful candidate must be able to display good planning, organisational and leadership skills.