The Financial Sector Conduct Authority (FSCA) is committed to enhancing the integrity and efficiency of South Africa’s financial sector. They are currently looking for qualified professionals to fill two crucial roles within the organization: Specialist Analyst positions in both the Market Risk and Transparency Department and the Investment Providers Department. These roles offer a unique opportunity to contribute to the regulatory landscape while advancing your career in the financial services industry.
Specialist Analyst: Market Risk and Transparency Department
Location: Pretoria
Reference Number: SCA 602
Purpose of the Job
The primary responsibility of this role is to oversee the implementation and supervision of the regulatory framework for Credit Rating Agencies (CRAs) and Financial Benchmark Administrators (FBAs). These organizations are key players in maintaining financial market transparency and integrity. The successful candidate will report directly to the Senior Manager: Ratings & Indices and will be part of the Market Risk and Transparency Department.
Key Responsibilities
- Implement and administer the Credit Rating Services Act (CRS Act), as well as regulations for financial benchmarks.
- Conduct on-site inspections of CRAs and FBAs in line with the Risk-Based Supervision approach.
- Review applications for licenses, amendments, and exemptions for CRAs, and assist with applications for FBAs.
- Contribute to the development of regulatory instruments, guidance notices, and policy frameworks.
- Represent the department in various external meetings, forums, and seminars.
- Prepare and deliver routine management reports and updates.
Qualifications and Experience
- A Bachelor’s degree in Finance, Economics, Accounting, or Law.
- 7 years’ experience in the financial sector or regulatory environment.
- Experience in financial markets, credit rating services, or financial benchmarks is an added advantage.
How to Apply
Apply for this exciting opportunity by visiting the FSCA application portal:
Apply Here for the Market Risk and Transparency Department
Closing Date: 14 February 2025
Specialist Analyst: Investment Providers Department
Location: Pretoria
Reference Number: 413
Purpose of the Job
This position involves ensuring that authorized Financial Services Providers (FSPs) and their Compliance Officers comply with the Financial Advisory and Intermediary Services (FAIS) legislation. The appointed candidate will support the Investment Providers Department by conducting financial analysis and inspections, and identifying compliance trends that affect the financial services industry.
Key Responsibilities
- Analyze annual financial statements and statutory returns of FSPs.
- Identify and report on trends in the financial services sector.
- Assess financial risks from reports and recommend appropriate actions.
- Liaise with FSPs about any compliance issues.
- Conduct on-site inspections as part of a risk-based supervision approach.
- Support the team with ad-hoc projects and regulatory tasks.
Qualifications and Experience
- A Bachelor’s degree in Commerce, Law, or a related field.
- At least 3-4 years’ experience in financial services or compliance management.
- Knowledge of FAIS Act, FSR Act, and other relevant financial sector laws.
How to Apply
To apply for this role, visit the FSCA application portal:
Apply Here for the Investment Providers Department
Closing Date: 14 February 2025
Why Work at FSCA?
The FSCA plays a vital role in promoting transparency, integrity, and fairness in the financial markets. By working at the FSCA, you’ll be part of an organization that drives industry best practices and regulatory frameworks. If you’re passionate about financial services, risk management, and compliance, the FSCA offers an excellent platform for growth and career advancement.
Diversity and Inclusion
The FSCA is dedicated to increasing the representation of marginalized groups in the workplace. Persons with disabilities are strongly encouraged to apply, reflecting the organization’s commitment to transformation and equal opportunity.
Don’t miss the chance to join a dynamic, forward-thinking organization that shapes the future of South Africa’s financial sector. Apply today!
Closing Date for Applications: 14 February 2025