Latest Vacancies at FSCA South Africa

Purpose of the Job:

• To regulate and supervise retirement funds and benefit administrators through monitoring compliance with the Pension Funds Act, Regulations, Board Notice 24 of 2002, Directives and FSCA’s policy to safeguard the interest of both the members of retirement funds and retirement fund benefit administrators. The person appointed to this position will report to the Manager.

Key Performance Areas:

• Monitor compliance with legislation to ensure sound and efficient retirement funds and benefit administrators and to ensure the protection of consumers;
• Analyse annual financial statements of retirement fund benefit administrators to ensure that proper reporting standards and procedures have been followed;
• Analyse compliance reports and annual reports on retirement fund benefit administrators;
• Liaise with retirement funds and benefit administrators on issues of non-compliance identified during desktop reviews, inspections and the analysis of compliance and annual reports;
• Support team members with the analysis of regulatory returns;
• Assist the Manager with projects and other ad hoc tasks;
• Perform on-site inspections in terms of a risk-based supervision approach;
• Produce on-site inspection reports on retirement funds and benefit administrators;
• Assist the team with planning and on-site inspections;
• Liaison with industry stakeholders; and
• Perform administrative or other activities relating to the regulatory framework.

Requirements

• A Bachelor of Commerce or Law degree with applicable working experience. Good knowledge and exposure to the Pension Funds Act and the industry will be an added advantage.

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Purpose of the Job:

• To assist with the general management of the department, coordinate and provide technical support for key supervisory projects and to help enhance and maintain a risk-based conduct of business supervisory framework for the insurance sector. The person appointed to this position will report to the Departmental Head.

Key Performance Areas:

• Planning, managing, coordinating, and driving key supervisory projects to be conducted by the Insurers Supervision Department, thus ensuring the enhancement and implementation of appropriate and effective supervisory strategies.
• Provide expert supervisory and technical input into strategic decision-making processes in the Department and the Conduct of Business Division where required.
• Provide technical and other support to the relevant Executive Committee member on matters related to the work of the Department as and when required.
• Provide input into legislative amendments and the work of international forums where required.
• Ensure that the deliverables meet strict deadlines. 
• Assist the Departmental Head by recommending and implementing changes following the outcomes identified by the supervisory projects that are undertaken.
• Assist the Departmental Head to apply a risk-based approach to prioritisation of deliverables and allocate appropriate resources accordingly.
• 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 financial institutions, especially insurers on complex matters as and when required.
• Engage with stakeholders on international level when required.
• Establish constructive working relationships with co-regulators.
• Manage the human resources of the team effectively and efficiently (train, develop, monitor, lead and assess performance of staff).
• Analyse situations and large volumes of information and apply sound judgment-based decision making with great attention to detail.

Requirements

• A bachelor’s degree in law, or a Risk Management, Business, Economics or Accounting qualification, with at least 5 - 7 years’ experience in the financial services industry, including specific experience relevant to the insurance sector. Experience in monitoring, compliance management, risk management, project management, and people management will be highly advantageous.
• Demonstrate the ability to manage diverse stakeholder relationships and collaborate across cross-functional areas will be desirable.