Purpose of the Job:

• To effectively regulate and supervise the Banks and Payment Providers, to protect the interest of consumers and to ensure a sound regulatory environment.
• The person appointed in this position will report to the Manager: Banks and Payment Providers Supervision.

Key Performance Areas:

• Monitor compliance with legislation to ensure sound and efficient Financial Services Industry and the protection of consumers.
• Liaise with the Banks and Payment Providers industry stakeholders.
• Identify and report trends through research in the Banking and Payment Providers sector with possible impact on the FSCA’s regulatory objectives.
• Conduct on-site inspections in terms of the risk-based supervision approach and report on the outcomes of such visits.
• Analyze compliance reports data (qualitative and/or quantitative) of Banks and Payment Providers.
• Perform administrative or other activities including proficient report writing relating to the supervision of Banks and Payment Providers.

Other Key Competencies:

• The candidate must demonstrate the following skills and attributes: Problem analysis and solving, sound judgement, oral and written communication, information gathering, computer literate, good interpersonal skills, the ability to work in a team and emotional intelligence. Knowledge of a workflow system will be a strong recommendation.
• FSCA is committed towards increasing the representation of marginalised groups in line with its Employment Equity Plan. 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.

Requirements

• Bachelor’s degree in commerce, Law, Banking, Auditing, or other relevant discipline with at least 3-4 years working experience within the financial services industry.
• The candidate must have a good knowledge and exposure to the financial sector, a good understanding of the Financial Sector Regulation Act, Banks Act of 1990 and other related acts.