Specialist Analyst - Legal Market Risk and Transparency Department at FSCA South Africa

Purpose of the Job

• To advise the Market Integrity Division internally on a wide range of practices, conduct and concerns affecting the industry and allied activities of the financial markets. The person appointed to this position will report to the Senior Legal Manager.

Key Performance Areas

• Identify shortcomings and anomalies to regulatory framework and subordinate legislation;
• Assist the Department with the provision of legal advice on financial markets legislation;   
• Assist with the reform of financial markets legislation and drafting of amendments as the need arises; 
• Consider and advise the Department on proposed amendments to the listing requirements and rules of the market infrastructures; 
• Assist the Department to maintain an effective framework for supervision of Over-the-Counter Derivatives Providers (ODPs);
• Assist in the supervision and the monitoring of compliance with financial markets legislation, regulations and the rules of the market infrastructures;
• Consider legal frameworks and international requirements;
• Represent the Authority at relevant meetings of the regulated entities; 
• Liaise with and render appropriate regulatory guidance to stakeholders after consultation with the Manager and Head of Department.

Other Key Competencies:

• The candidate must demonstrate the following skills and attributes: strong analytical abilities, attention to detail, leadership skills, active listening, critical thinking, financial and numeracy skills, excellent communication skills (verbal and written) and innovative and strategic thinking, good understanding of complex financial instruments, including derivatives, demonstrate an understanding of operational and quantitative risk management, excellent project management skills, detailed understanding of the regulatory framework, excellent report writing skills, decisive and confident, approaching all tasks in a professional manner.

Closing Date: 4 August 2023

Requirements

• An LLB degree or similar degree, with at least 6 years relevant experience in the South African Capital Markets Industry, finance or related commerce. Experience within a financial markets environment, investment banking, structured finance or similar will be a distinct advantage. An ability to understand complex financial instruments and processes including derivatives, bonds, equities and foreign exchange and the risks associated with these instruments would be desirable. Solid experience in the monitoring of corporate governance frameworks including experience in establishing and maintaining professional relationships with internal and external stakeholders and other professionals (auditors and risk specialists), demonstrable experience in reporting on business plans and assessing general performance is preferred. A Master’s degree would be an added advantage.