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 this position will report to the Manager.
Key Performance Areas:
Monitor compliance with legislation to ensure sound and efficient Financial Services Providers and the protection of consumers;
Analyse financial statements and all other statutory returns submitted by regulated entities;
Follow up on queries to ensure that reports, returns and other requests to industry are analysed and completed timeously,
Plan and conduct on site visits in terms of risk- based supervision approach;
Draft reports for internal review regarding the onsite visits or supervisory investigations;
Train, mentor and coach junior staff; and
Participate in ad hoc projects as required by senior management of the FSCA.
Closing Date: 23 October 2023
Requirements
An LLB or B Com or B Tech degree with Accounting as major with at least 3 to 5 years relevant experience, preferably in the Financial Services Industry.
The candidate must have a good understanding of the Financial Advisory and Intermediary Act of 2002. Good knowledge of the Financial Sector Regulation (FSR) Act of 2017, and/or experience of the functioning of the FAIS regulatory framework will be an added advantage.
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