Specialist - Licensing Insurers & Investment Providers Department at FSCA South Africa

Purpose of the Job:

• To provide specialist technical support in respect of various financial sector licence applications which shall include but not limited to crypto asset providers, over-the-counter derivative providers (“ODPs”), online derivatives and forex trading platforms licence applications. To assist with developing and reviewing licensing processes, procedures, and frameworks. The person appointed to this position will report to the Departmental Head. 

Key Performance Areas:

• Ensures consistency in the application of the legislation in the licensing and variation of licence processes.
• Identify gaps in the regulatory framework and initiates changes to be made to the framework and policy.
• Provide specialist technical support on all complex licence applications.
• Ensure that all determination of fit and proper requirements are fully evaluated.
• Assist the department in executing licensing functions within defined SLCs.
• Identify emerging trends during the review process that can introduce potential risk into the financial       system.
• Assist with ensuring that the review process fully incorporate quality assessment.
• Provide inputs on draft documents circulated for consultation, where required.
• Where required, attend monthly ,bi-annual and annual financial sector meetings and provide an update to     management.
• Liaise with internal and external stakeholders.
• Assist the Departmental Head with developing and compiling reports on a monthly and quarterly basis.

Closing Date: 25 July 2023

Requirements

• BCOM/LLB and a minimum of 5 to 7 years relevant experience in the financial services industry, regulatory environment, risk and/or compliance management functions/roles. Must have a good understanding of the following sectors -  banking, insurance, investment management (including collective investment schemes), capital markets, and retirement fund administration. 
• Good technical understanding of the workings of the aforementioned sectors and the interplay between them is key. Knowledge and understanding of the working of crypto assets/currencies is an advantage. Ability to work with conceptual aspects, breaking them down to a practical level to enable self-application and resolution of problems where resolution is required.