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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Specialist Analyst X 2 - Insurers Supervision Department
Monitor compliance with legislation to ensure the protection and fair treatment of policyholders by closely managing and supervising a portfolio of insurance companies and taking necessary action for non-compliance, where applicable and necessary;
Responsible for coordinating, planning and conducting thematic, full market conduct on-site inspections including direct engagements with supervised entities in terms of the risk-based supervision approach, and in line with the departmental supervision objectives and plans;
Report on the findings and recommend corrective actions where feasible;
Conduct research and provide specialist technical advice both within the department and to other external stakeholders;
Liaise and collaborate closely with relevant departments across the organisation, particularly in instances where the entity is supervised by various departments;
Adhere to department policies and processes including service level commitments;
Manage and co-ordinate technical projects in the department; and
Provide strategic and technical support to the department in respect of the development of a framework for conduct of business supervision.
Other Key Competencies:
The candidate must demonstrate the following skills and attributes: ability to analyse high volumes of data, good attention to detail; good verbal and written communication skills; proactive; ability to work independently, problem solving and analysis skills; information gathering, good administration skills, good interpersonal skills and emotional intelligence, good customer relations skills; persuasiveness and must be computer literate.
FSCA is committed towards increasing the representation of marginalised groups in line with its Employment Equity Plan. Persons with disabilities are encouraged to apply.
Please note that correspondence and communication will only be conducted with short listed candidates and that the FSCA reserves the right not to appoint if a suitable candidate is not identified.
Requirements
A degree in Law or Insurance Risk Management, with at least 5 years’ experience in an insurance technical, compliance or risk management role. An excellent knowledge and understanding of the financial services industry, and in particular, the insurance industry is required. Experience in a compliance or risk management role within an insurer would be an added advantage. Preference will be given to candidates with a certification in Compliance or Risk Management.
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