Specialist Analyst - Investment Providers Department at FSCA South Africa

Purpose of the Job:

To assist the department in ensuring that the approved authorised Financial Services Providers (FSPs) and their Compliance Officers complies with the Financial Advisory and Intermediary Services (FAIS) legislation. The person appointed to these positions will report to the Manager.

Key Performance Areas:

• Analyse annual financial statements and other statutory returns of Financial Services Providers to ensure that proper reporting standards  have been followed;
• Liaise with Financial Services Providers on issues of non-compliance identified during analysis of statutory returns;
• Identify and report trends in the financial services sector with possible impact on the FSCA’s regulatory objectives;
• Assess financial statements in line with the business model of Financial Services Providers;
• Identify financial risks based on analysis of financial statements and any other financial information;
• Analyse problems identified by regulated entities or as a result of new innovations and recommend solutions;
• Support team members with analysis of other forms of financial reports;
• Perform on site inspection in terms of risk based supervision approach;
• Liaison with various stakeholders; and
• Assist the team with ad-hoc projects.

Requirements

• A Bachelor’s degree in commerce, law or related field with at least 3 to 4 years relevant experience of financial services industry or compliance management. The candidate must have good knowledge of Financial Advisory and Intermediary Act (FAIS Act), the Financial Sector Regulation Act, 9 of 2017 (FSR Act) and other relevant financial sector laws.