Job Description

The Minister of Finance invites applications for the position of Deputy Ombud for Financial Services Providers (Deputy FAIS Ombud).



The Office of the FAIS Ombud was established in terms of section 20 of the FAIS Act (Act 37 of 2002) (FAIS Act). It is a Schedule 3A entity in terms of the PFMA (Act 1 of 1999) (PFMA) and reports to the Minister of Finance.

Purpose of the Job

: The objective of the role is to consider and assess client complaints against financial services providers in a procedurally fair, informal, economical, and expeditious manner. Applications are sought from dynamic, experienced leaders with proven experience in the financial sector and a track record of effective team management and results-driven leadership at the executive or senior management level. The candidate should be experienced in financial sector regulatory issues, adjudication and interpretation of laws, alternative dispute resolution, and the promotion of the fair treatment of financial customers. The person must also have extensive experience operating at the executive management level. It will be an advantage if the candidate has international knowledge or experience in financial regulation or supervision and proven management experience at an executive level. The Office of the FAIS Ombud is required to contribute to ensuring that the South African financial services industry has integrity, works in the interests of financial customers, and supports balanced and sustainable economic growth in the Republic. Where the pre-emptive provisions of specific financial sector laws such as the Financial Sector Regulation Act and the FAIS Act have failed to ensure the protection and fair treatment of consumers through the prescriptive duties imposed on providers of financial services, the Office of the FAIS Ombud, along with other industry Ombud schemes, should play a pivotal role in the adjudication of any complaints from consumers that flow from their treatment by financial services providers.

Some key outputs include

: Working closely with the FAIS Ombud, responsible for the day-to-day management and administration of the Office of the FAIS Ombud, including ensuring that the office has adequate skills and resources to meet its mandate and objectives, Drafting and issuing determinations, Leading, coaching, inspiring and mentoring senior members of the technical team to provide excellent service, achieve business goals and build team capacity for the future, Monitoring the achievement of fair customer outcomes in the financial services sector and taking steps to mitigate conduct risks and abusive market practices, Complaints resolution.

Qualifications and experience required

: o Matric. o A relevant postgraduate degree in law (NQF Level 8) recognised by SAQA. oAttorney, Advocate, or an ex-judge o A minimum of 10 years of relevant financial sector and senior management experience, preferably with some exposure to financial consumer protection, adjudication, and interpretation of law, and exposure to alternative dispute resolution approaches. o Thorough knowledge of financial sector laws, particularly the FAIS Act and its subordinate legislation.

Technical competencies required will include, but not be limited to

: o General management experience o Strategic planning and leadership o A deep understanding of the financial sector and the role, purpose, and functioning of a financial sector regulator, and one that deals with dispute resolution.

Behavioural competencies required will include but not be limited to

: o Fit and proper o Conflict management o Mediation, conciliation and arbitration skills o Fairness and impartiality o Honesty and integrity o Professionalism o Fairness o Diplomacy o Strategic Capability and Leadership skills; negotiation skills. o Sound judgment o Advanced problem-solving, planning, and facilitation abilities o Proven ability as a team leader with a commitment to creating, supporting, and sustaining an environment that enables staff to achieve results.


The Office of the FAIS Ombud is committed to increasing the representation of marginalised groups in line with its Employment Equity Plan. Persons with disabilities are encouraged to apply.



This is a senior position. Only candidates with the desired abilities will be considered.



Closing Date for applications:

11 July 2025

For enquiries, email

Refilwek@faisombud.co.za

Applications must be sent to

Desiree@cletech.co.za

or

portia@tippfocus.co.za

Only shortlisted candidates will be contacted. Should you not hear from us within one (1) month after the closing date, please consider your application unsuccessful. Recommended candidates will be required to undergo a comprehensive background check, which may include security screening, psychometric testing, and verification of credentials.



We reserve the right not to make an appointment.