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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To monitor and assess compliance by retirement funds and fund administrators with applicable legislation particularly in regard to their financial soundness through the analysis of financial statements, statistics and reports, to identify risks to the financial soundness of retirement and to make recommendations and/or propose enforcement measures in order to mitigate such risk and to contribute towards the formulation of improvements in regulatory standards and supervision measures.
The person appointed to this position will report to the Manager.
Key Performance Areas:
Analysis of financial statements, statistics and reports of registered retirement funds;
Conduct peer reviews of analysts work in consultation with management;
Guide liquidators through the liquidations on funds in terms of legislation;
Deal decisively with enquiries, queries, extensions, exemptions, etc. in terms of departmental deadlines and policies; and
On request, participate and assist colleagues in the Conduct Supervision section of the Retirement Funds Division to plan the on-site visits scheduling and conducting the on-site visits and reporting on findings and recommending corrective actions on other tasks related to financial statements, statistics and reports.
Requirements
B. Com Hons (CTA). The candidate must have at least 5 years’ relevant working experience.
A good knowledge and exposure of the Pension Funds Act is a prerequisite.
The candidate must have successfully completed articles and working experience in the retirement funds industry and/or financial sector would be an advantage.
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