Job Location : Gauteng, PretoriaDeadline : March 18, 2025Quick Recommended Links
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- To supervise retirement funds through the conduct of supervisory on-site inspections.
- These investigations assist the Conduct Authority to gain insight on the operations of the fund; to detect and measure conduct risks associated with the operation of the fund and its office bearers; and to identify the extent of the funds compliance with the law, especially as it relates to fair outcomes for its members and beneficiaries. The person appointed to the position will report to the Manager.
- Demonstrate sound knowledge relevant to the employees work, including applicable law, the nature of the various types of retirement funds and the risks associated with the governance, management and operation of retirement funds and providers of products and services to retirement funds;
- Work with colleagues to identify and evaluate risks, and formulate and revise strategies for risk-based supervision, implement them, report in writing on incidents of non-compliance and make recommendations on the steps, if any, that should be taken in regard to those incidents;
- Conduct on-site inspections and desktop reviews on retirement funds to address any non-compliance with financial sector laws;
- Make recommendations after the completion of a report or other document detailing findings to the organisation, to retirement fund office-bearers and others with an interest in the business of retirement funds on ways to remedy problems identified in the course of surveillance by this office and ways to improve the conduct and performance of retirement funds for the benefit of their members and other stakeholders;
- Attend to complaints, referrals from other departments, unclaimed benefits, arrear contributions related matters, reportable irregularities and any other projects as assigned by the manager or the Head of Department for the advancement of the supervisory mandate of the department or the Conduct Authority; and
- Fulfil such other duties as may reasonably be assigned to from time to time, taking into account the nature of the work, skills and experience and the needs of the Conduct Authority.
- The candidates must demonstrate the following skills and attributes: An excellent command of both spoken and written English and proficiency in the use of Microsoft Office and computerised workflow systems. Excellent skills in the investigation of facts and circumstances, the recordal of all relevant matters, the collection, organisation and protection of evidence that may be required for the purposes of regulatory action, legal research and factual analysis and writing and other forms of communication. A commitment to improving outcomes for members of retirement funds and their dependants and the energy, initiative, emotional intelligence and inter-personal skills required for the purpose. Willingness to work both independently and in a team and to learn from and transfer knowledge and skills to colleagues; and to work after hours. The candidate must be able to plan independently and be deadline driven.
- FSCA is committed to increasing the representation of previously marginalised groups, including persons with disabilities, in line with its Employment Equity Plan.
- Please note that the Conduct Authority will only communicate with short-listed candidates and that it reserves the right not to make an appointment if no suitable candidate is identified.
- A Bachelor of Commerce or Law degree with at least 5 years relevant working experience, preferably in the retirement funds industry. The candidate must have knowledge and exposure to the retirement fund benefit administration industry and an understanding of section 13B of the Pension Funds Act, 1956 and Board Notice 24 of 2002. An industry related qualification or a compliance and risk background will be an added advantage.
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