Current Openings 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.

Other Key Competencies:

• The candidate must demonstrate the following skills and attributes: A high level of judgement and a confident and decisive approach; problem analysis; attention to detail; information gathering; communication skills; good interpersonal skills and emotional intelligence; customer relations and persuasiveness skills.

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.

Closing Date: 19 August 2025.
 

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Purpose of the Job:

• To assist with the management of the department and to help develop and maintain an appropriate conduct of business supervisory framework for the insurance industry. The person appointed to this position will report to the Departmental Head.

Key Performance Areas:

• Assist with managing the operations of the Insurers Supervision Department;
• Assist with the development, implementation and maintenance of a risk-based conduct of business supervisory framework for insurers;
• Assist in promoting the fair treatment of policyholders by insurers;
• Oversee market conduct on-site compliance inspections where applicable based on policy and the risk-based supervision approach;
• Provide inputs on projects identified in the Department;
• Participate in the development and implementation of the FSCA’s digital transformation initiatives, including the Integrated Regulatory Solution (IRS).
• Assist the Departmental Head by recommending and implementing changes to the regulatory framework and policy within the FSCA;
• Engage with industry stakeholders on various conducts of business supervisory matters;
• Engage with senior management within the FSCA on operational and strategic matters as and when required;
• Engage with management of insurers on complex matters as and when required;
• Engage with stakeholders on international level; and
• Manage the human resources of the team effectively and efficiently (train, develop, monitor, lead and assess performance of staff).

Other Key Competencies:

• The candidates must demonstrate the following skills: The ability to work independently, but also be a team player, to function well under pressure, show a high level of professional judgement, the ability to use the applicable legislation and other relevant sources to analyse problems of a technical nature. The ability to gather information and to analyse same, be able to interact effectively with all internal and external stakeholders, especially stakeholders at a senior level. To organise, lead and motivate a team in order to meet individual, team, Departmental, and organisational goals, have good communication skills, both verbal and written, have good interpersonal skills and conceptual skills, be computer literate. Have strong research and report writing ability, have strong data analysis skills, leadership competencies and strong strategic thinking abilities.

Requirements

• A Bachelor’s degree in Law, or a Business or Accounting qualification, with at least 5 - 7 years’ experience in the financial services industry. Excellent knowledge and understanding of the financial services industry and in particular the insurance industry is required. Experience in managing people and a certification in compliance risk management will be advantageous.

Closing Date: 20 August 2025