Regulatory Compliance Specialist – Section 65 Scheme Oversight at Prescient

Purpose of role:

• The Regulatory Compliance Specialist is responsible for the oversight, governance, and ongoing regulatory compliance of foreign collective investment schemes registered for sale in South Africa under S65 of Collective Investment Schemes Control Act (CISCA).
• The role ensures that all S65 schemes represented or overseen by the business comply with CISCA, FSCA requirements, and related regulatory standards, while acting as a key liaison between offshore fund managers, internal stakeholders, and the regulator.

Duties and responsibilities:
Section 65 Scheme Oversight

• Provide regulatory oversight of S65 approved collective investment schemes represented in South Africa by PManco.
• Maintain oversight of the business’s obligations as local representative / regulatory contact in terms of Section 65 of CISCA.
• Monitor scheme structures, approvals, and ongoing compliance status, ensuring alignment with FSCA conditions of approval.
• Track and manage regulatory commitments, undertakings, and conditions attached to S65 approvals.

Regulatory Compliance & Monitoring

• Conduct ongoing compliance monitoring of S65 schemes against CISCA, FSCA standards, and guidance notes.
• Review scheme documentation, including prospectuses, supplements, offering memoranda, and marketing material for regulatory compliance.
• Identify, assess, and escalate regulatory breaches, risks, or emerging compliance issues related to S65 schemes.
• Support regulatory reporting obligations, including periodic submissions and ad‑hoc FSCA requests.

 Regulatory Engagement & Advisory

• Act as a key point of contact with the FSCA on S65‑related matters, including approvals, queries and regulatory correspondence.
• Provide regulatory guidance and advice to internal stakeholders and offshore fund managers on South African CIS requirements.

 Governance, Risk & Controls

• Contribute to governance and risk reporting relating to S65 schemes, including compliance dashboards, risk assessments, and board or committee papers.
• Support internal and external audits, regulatory inspections, and due‑diligence reviews related to S65 oversight.
• Assist with the development and maintenance of policies, procedures, and frameworks relevant to S65 scheme compliance.

Stakeholder & Cross‑Functional Collaboration

• Engage with offshore managers, administrators, and service providers to ensure consistent regulatory standards are applied.
• Support client, platform, or institutional due‑diligence processes relating to S65 schemes.

Required experience:

• 5+ years’ experience in regulatory compliance within the asset management, CIS, or Manco environment.
• Advantageous if you have experience with Section 65 of CISCA and offshore CIS oversight.
• Strong working knowledge of CISCA, FSCA regulatory framework, and related standards.

Required Qualifications:

• Bachelor’s degree in Law, Commerce, Finance, Risk Management, or a related field.

Key competencies:

• Highly organised with excellent time management.
• Able to work well in a team environment.
• Highly collaborative.
• Positive team player.
• Accuracy and attention to detail are of the utmost importance.
• Self-starter who is self-driven and self-directed.
• Strong work ethic.
• Honesty and integrity.