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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