Available Roles at FSCA South Africa

Purpose of the Job

• The Markets, Issuers and Intermediaries Department of the FSCA is responsible for licensing and supervising market infrastructures (i.e exchanges) operating within the South African financial markets in terms of the Financial Markets Act, 2012 (Act no 19 of 2012). The department has oversight responsibilities over public markets, authorised users and issuers.
• The person appointed to this position will be stationed in the Market Integrity and Decision Sciences Division and will report to the Senior Manager: Public Markets, Issuers and Authorised Users.

Key Performance Areas

• Assist in Identifying shortcomings and anomalies to the regulatory framework;
• Assist in proposing changes to the regulatory framework and assist the Department with the implementation of such changes;
• Assist to develop and maintain an effective and efficient supervisory framework within the context of the approved legislation;
• Assist with the monitoring of compliance with the provisions of the Financial Markets Act and subordinate legislation;
• Assist to plan and conduct inspections;
• Liaise with and render appropriate regulatory guidance to stakeholders after consultation with the Manager;
• Consider licence applications and make recommendations;
• Assist in conducting investigations regarding Market Infrastructures and to ensure that all relevant complaints are dealt with; and
• Apply risk assessment and risk management techniques.

Requirements

• A business, economics, accounting, finance or Mathematics degree or similar with 2 to 5 years of experience in the financial sector and/or the regulatory environment within the financial services industry. The candidate must also demonstrate an understanding of financial markets, financial instruments and the mechanics of Market Infrastructures.
• Good knowledge of corporate governance frameworks. Good knowledge and experience in financial analysis and risk management are essential

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Purpose of the Job:

• The Information Governance Manager will manage and oversee the daily operations of the Information Governance (IG) portfolio within the ICT Division. This role ensures the effective implementation and management of IG  policies and practices, and supports the organisation's compliance with data protection regulations.
• The person appointed to this position will report to the Departmental Head: ICT Governance, Risk and Compliance.

Minimum Experience:

• Experience in developing and implementing governance frameworks across large or complex organizations, ideally with a focus on data regulations (e.g., DAMA-DMBOK, POPIA, ECTA).  Hands-on experience in data governance tools and technologies, as well as managing information assets, data quality, and data lifecycle management processes. 
• Experience in regulatory compliance and managing audits related to IG, cybersecurity, and data protection.  Experience collaborating with cross-functional teams and leading initiatives related to data stewardship, risk management, and data quality.

Key Performance Areas:

• Improve and maintain the IG framework, aligning with industry standards (e.g., ISO 27001, ISO 38500, DAMA-DMBOK, POPIA).
• Maintain policies and procedures related to data governance, data security, and data privacy.
• Coordinate with key divisions to improve the IG framework across the organisation.
• Regularly review and update governance policies to reflect evolving regulatory requirements, business needs, and technological advancements.
• Ensure that roles and responsibilities for data ownership, custodianship, and stewardship are clearly defined and communicated.
• Develop and implement data and information protection impact assessments (DPIAs) for new projects or systems.
• Conduct regular assessments to ensure compliance with data regulations and internal policies.
• Coordinate training programs to raise awareness of data and information management and compliance requirements across the organisation.
• Act as the primary point of contact for data-related inquiries and investigations from external or internal auditors.
• Identify and assess risks associated with the organisation’s information assets and governance practices.
• Develop risk mitigation strategies to reduce the likelihood and impact of data breaches or governance failures.
• Implement and manage data and information risk assessment processes, including the classification of data based on its sensitivity and risk level.
• Compile reports on IG risks and mitigation efforts for senior management and relevant committees.
• Ensure that data stewards are appointed and trained across departments to manage data accuracy and integrity.
• Improve processes for data quality monitoring, including regular data audits and exception reporting.
• Work with departments to resolve data quality issues and ensure that data is fit for business purposes.
• Mature data lifecycle management practices to ensure the appropriate retention, archival, and deletion of data.
• Collaborate with the ICT security team to ensure that data governance policies are aligned with cybersecurity strategies and protocols.
• Ensure that data access controls, encryption standards, and security measures are in place to protect sensitive information.
• Participate in security incident response teams to address data-related breaches or threats.

Requirements

• Bachelor’s degree in Information Security, Data Management or a related discipline with at least 5 years’ working experience within an Information Technology (IT) environment. A 7 years minimum proven experience in IG, data protection, or compliance roles, with a focus on functional responsibilities.

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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 the position 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. Knowledge of Crypto Assets Services Providers(CASPs) is required.