Posted on :
2 Feb, 2022
To assist the department with the processing of new licence application, developing, streamlining, and ensuring appropriate licensing processes, procedures, frameworks. To assist with the development and enhancement of regulatory frameworks providing commentary views on policy matters impacting the licensing processes. The person appointed to this position will report to the Head of Department: Licensing Department
Job Title: SPECIALIST ANALYST LICENSING: INSURERS & INVESTMENT PROVIDERS DEPARTMENT
Location: Pretoria, Gauteng, South Africa
Reference #: FSCA: 357
Contract Type: Permanent
Salary: Market Related
Key Performance Areas:
•Assess licence applications and apply mind to technical issues in the licence applications and provide solutions.
•Assist in unpacking complex business models and clearly identifying the risks involved ensuring that the mitigations provided are appropriate and sensible
•Assist in developing and enhancing the licensing framework;
•Assist the department in executing licensing functions with defined SLC;
•Assist with identifying gaps in the licensing framework and assisting in informing policy in addressing the gaps;
•Where necessary and required, provide appropriate guidance, and support to the various applicants in terms of their licence application submissions;
•Liaise with other stakeholders both internally and externally where required on the licence applications that require consultation and collaboration and ensure that stakeholder input is taken onboard in decision-making;
•Supporting teammates and providing technical support, advice and guidance to the team when required.
Other Key Competencies:
The candidate must demonstrate the following skills and attributes: strong analytical abilities, good understanding of regulation and legislation, attention to detail, leadership skills, active listening, critical thinking, strong financial and numeracy skills, good communication skills (verbal and written), progressive thinking, professionalism when approaching matters and dealing with stakeholders, good understanding of complex financial instruments and business models, including derivatives, demonstration of general risk management and general risk management principles.
The FSCA is committed to increasing the representation of marginalised groups in line with its transformation strategy. Persons with disabilities are encouraged to apply.
Please note that correspondence and communication will only be conducted with short listed candidates and that the FSCA reserves the right not to appoint if a suitable candidate is not identified.
Degree in Commerce/Law and a minimum of 5 to 8 years practical experience in the financial services industry, regulatory environment, risk and compliance management functions/roles. Must have a good understanding of the following pieces of legislation- CISCA, FAIS (investment management activities and online FOREX/Derivatives trading platforms workings knowledge), Financial Markets Act (ODPs). Good technical understanding of the workings of the sectors and the interplay between them is key. Knowledge and understanding of the working of crypto assets/currencies is an advantage. Great ability to create, foster and maintain professional relationships with both internal and external stakeholders is required.
Application Deadline: 11/02/2022