Vacant Jobs at FSCA South Africa

Purpose of the Job:

• To provide in depth subject matter expertise relating to the Long-term Insurance Act 52 of 1998, Short-term Insurance Act 53 of 1998, Financial Sector Regulation Act 9 of 2017 and Insurance Act 18 of 2017(insurance legislation), to supervise compliance with the provisions of insurance legislation.
• The persons appointed to this position will report to the Manager.

Key Performance Areas:

• 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.

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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Purpose of the Job

• To enable data-driven insights and apply the elements of cognitive science for planning and policy development, design and create the scripts/algorithms capable of reviewing alerts, use data as a tool to solve market surveillance business problems and make solutions through application of math, business, technology, design thinking, and behavioral sciences, and identify and document defects and provide updates as needed.
• The person appointed to this position will report to the Senior Specialist: Data Analysis.

Key Performance Areas

• Conducts "Market Conduct Market Surveillance” which begins with computerised analyses of activities that trigger “alerts” requiring additional review to   determine whether     the activity was a violation of a law, rule, regulation, policy or procedure requirement related to one or more Market Conduct Risk   Behaviors;
• Reviews alerts in accordance with prescribed guidance, and, reporting and analysis of results; 
• articipates in development and design of the scripts used to review the alerts;
• Identifies, researches, analyses and resolves complex problems; 
• Prepares, and conducts presentations on systems, reports, and findings to stakeholders, as and when required.

Other Key Competencies

• The applicant must demonstrate the following skills and attributes: active lisening, critical thinking, analytical thinking, attention to detail, strong financial and numeracy skills, proficiency in using Ms office, excellent communication skills, good interpersonal skills and emotional intelligence. The candidate must have the ability to establish priorities and manage several tasks. 

Requirements

• A Degree in Statistics, Engineering, Business Analytics, Investment Analytics, Risk Management, or equivalent qualification.
• The specialist analyst should have intermediate knowledge of the system(s) of record required to conduct market surveillance activities and translates business strategy into work programs and processes.
• Minimum of 5 years work experience in a field where designing, researching, and implementing market surveillance solutions and using surveillance tools to deter market abuse was major, preferably in a financial services sector. 

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Purpose of the Job: 

• To design, develop, test and deploy software application that meet the needs of the business.
• To proactively and holistically work with other developers and business stakeholders to ensure that the software meets the requirements of the business.  that guide the development and management of a portfolio of solutions in response to specific business processes.
• The person appointed to this position will report directly to Senior Specialist: Data and Analytics.

Key Performance Areas:

• Designing and developing software applications; 
• Provide insight, best practice and technical experience advice to team and stakeholders; 
• Collaborate with the Cyber Security team to Develop and maintain security and permissions, including encryption and database user access controls and   logging; Consults with application and infrastructure development projects and applications to fit systems or infrastructure to architecture and identify   when it is necessary to modify designs to accommodate the solutions architecture.
• Leads evaluation, design and analysis for the implementation of a solutions architecture across a group of specific business applications or technologies   based on enterprise business strategy, business capabilities, value-streams, business requirements and enterprise standards.
• Develops a roadmap for the evolution of the enterprise solution portfolio from current to future state, as defined by the solutions architecture.
• Works closely with the program management office (PMO) to ensure the execution of plans corresponds with what is being promised throughout the project   lifecycle.
• Design and implement effective data solutions to store, retrieve, integrate and migrate of company data.
• Prepare accurate data asset design and architecture reports for management and executive teams; and
• Recommend solutions to improve new and existing data systems.

Other Key Competencies:

• The candidate must demonstrate the following skills and attributes: Active listening, Critical thinking, excellent communication skills (verbal and written), and pay attention to detail. The following abilities are a must for the position, expert knowledge of various backend development languages and database technologies like .net & SQL. Knowledge of system development life cycle methodologies and different modeling languages is an added advantage.   

Requirements

• Bachelor’s degree in computer science, information-technology, engineering, system analysis or a related study, or equivalent experience.
• Minimum of 10 years of experience as a Software Engineer / Developer developing software applications using Microsoft technologies such as .NET, Azure and M365.
•  Experience with web development languages such ASP.NET, ASP.NET Core etc. for building dynamic web pages and web applications using HTML, CSS, and JavaScript.

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Purpose of the Job: 

• To provide actuarial support in analysing returns submitted in terms of the Pension Funds  Act, 1956.

Key Performance Areas:

• Reviewing and analysing the following, and where necessary, make recommendations:
• Extension applications
• Valuation exemption applications
• Statutory actuarial valuation reports
• Surplus applications
• Stakeholder complaints
• 15E, 15J and 15K applications 
• Providing support to other Departments within the FSCA, in particular the Pensions Division; and
• Involvement in ad hoc projects

Other Key Competencies:

• The candidate must demonstrate the following skills and attributes: Computer literacy and excellent communication skills; Problem solving skills and ability to perform under pressure without compromising quality; and ability to work in a team.

Requirements

• The incumbent must hold a Bachelor’s Degree in Actuarial Science, currently pursuing studies and has ideally passed, or been exempted from at least six of the A-series subjects of the Actuarial Society of South Africa.
• Credit will also be given for passes in any of the more advanced subjects.
• The candidate must have at least 2 to 4 years working experience.
• Experience in the retirement fund field and/or data analysis would be an advantage.