Purpose of the Job

• The Markets, Issuers and Intermediaries Department of the FSCA is responsible for licensing and supervising market infrastructures (i.e exchanges) operating within the South African financial markets in terms of the Financial Markets Act, 2012 (Act no 19 of 2012). The department has oversight responsibilities over public markets, authorised users and issuers.
• The person appointed to this position will be stationed in the Market Integrity and Decision Sciences Division and will report to the Senior Manager: Public Markets, Issuers and Authorised Users.

Key Performance Areas

• Assist in Identifying shortcomings and anomalies to the regulatory framework;
• Assist in proposing changes to the regulatory framework and assist the Department with the implementation of such changes;
• Assist to develop and maintain an effective and efficient supervisory framework within the context of the approved legislation;
• Assist with the monitoring of compliance with the provisions of the Financial Markets Act and subordinate legislation;
• Assist to plan and conduct inspections;
• Liaise with and render appropriate regulatory guidance to stakeholders after consultation with the Manager;
• Consider licence applications and make recommendations;
• Assist in conducting investigations regarding Market Infrastructures and to ensure that all relevant complaints are dealt with; and
• Apply risk assessment and risk management techniques.

Requirements

• A business, economics, accounting, finance or Mathematics degree or similar with 2 to 5 years of experience in the financial sector and/or the regulatory environment within the financial services industry. The candidate must also demonstrate an understanding of financial markets, financial instruments and the mechanics of Market Infrastructures.
• Good knowledge of corporate governance frameworks. Good knowledge and experience in financial analysis and risk management are essential