To assist the department in ensuring that the approved authorised Financial Services Providers (FSPs) and their Compliance Officers complies with the Financial Advisory and Intermediary Services (FAIS) legislation.
JOB DESCRIPTION
- Analyse annual financial statements and other statutory returns of Financial Services Providers to ensure that proper reporting standards have been followed;
- Liaise with Financial Services Providers on issues of non-compliance identified during analysis of statutory returns;
- Identify and report trends in the financial services sector with possible impact on the company’s regulatory objectives;
- Assess financial statements in line with the business model of Financial Services Providers;
- Identify financial risks based on analysis of financial statements and any other financial information;
- Analyse problems identified by regulated entities or as a result of new innovations and recommend solutions;
- Support team members with analysis of other forms of financial reports;
- Perform on-site inspection in terms of risk-based supervision approach;
- Liaison with various stakeholders; and
- Assist the team with ad-hoc projects.
JOB REQUIREMENTS
- A Bachelor’s degree in commerce, law or related field with at least 3 to 4 years relevant experience of financial services industry or compliance management. The candidate must have good knowledge of Financial Advisory and Intermediary Act (FAIS Act), the Financial Sector Regulation Act, 9 of 2017 (FSR Act) and other relevant financial sector laws.
Desired Skills:
- Communication Skills
- Persuasiveness Skills
- Customer Relations