Senior Specialist Market Surveillance - Market Surveillance And Data Analysis Department at FSCA South Africa

Purpose of the Job: 

• To contribute to Market Integrity and Decision Sciences Division in its responsibilities to regulate and supervise the Financial Markets regime for market surveillance, monitoring market abuse, issuer disclosure, and market infrastructure supervision such as exchanges and clearing houses. Support the execution of the market surveillance function. This means performing market surveillance reviews of order and trade activities to prevent market manipulation, detect market abuse, and ensure the integrity and transparency of the markets. The person appointed to this position will report to the Departmental Head: Market Surveillance and Data Analysis.

Key Performance Areas:

• Support the execution of the market surveillance function.
• Performing market surveillance reviews of order and trade activities to prevent market manipulation, detect market abuse, and ensure the integrity and transparency of the markets.
• Contribute to on- and off-site risk assessments for licensed exchanges.
• Support the execution of the Market Monitoring Program: This includes monitoring of issuers of securities’ (initial and on-going) market disclosures ensuring daily sign-off of key logs and managing the disclosure       database.
• Preparation of Markets Management Information Reports including time sheet analysis, breaches, disclosure-related issues.
• Being able to use tools and systems that support market surveillance and monitoring functions.  
• Continuously learn and apply the latest tools and technologies to achieve results.
• Address ad-hoc market surveillance data analytics and reporting requirements.
• Provide technical advice on a broad area of financial sector and market structure issues, specifically relating to the functioning of the primary and secondary market for securities.
• Provide input to the formulation of policy and/or rules concerning these matters, enforcement action, new products and identifying arising risks.
• Contribute to the review of Authorized Market Institutions (AMI)/Alternative Trading Systems (ATS) license applications and proposed changes to license requirements made by AMI’s operating an exchange, clearing   house or alternative trading system.
• Build and foster working relationships with other local and international regulators, as relevant.

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; report writing, communication skills; good interpersonal skills and emotional intelligence; attention to detail; customer relations and persuasiveness skills.  
• FSCA is committed towards increasing the representation of marginalized groups in line with its Employment Equity Plan. Persons with disabilities are encouraged to apply.

Closing Date: 10 October 2023

Requirements

• Honour’s Degree in Investment Management, Financial Modelling, Business Analytics, Actuarial Sciences or equivalent. Minimum of 10 years working experience in a field where market surveillance was major, preferably in a financial services sector or regulator, 5 of which must be in a management level. Good knowledge and understanding of the financial services industry and financial services regulation. Regulatory, compliance or risk management experience in a broadly equivalent financial services regulator and/or a regulated entity.