Job Description

Purpose of the Job:
To supervise retirement funds through the analysis of statutory returns and on-site inspections. These inspections assists the Authority to gain insight on the operations of the fund; to detect and measure financial risks associated with the operation of the fund and its office bearers; and to identify the extent of the fund's prudential compliance with the law.as it relates to fair outcomes for its members and beneficiaries. The person appointed to this position will report to the Departmental Head.
Key Performance Areas:

• Lead and manage a dedicated team of specialists in the execution of the FSCA mandate;
• Ensure proper flow of work by prioritising tasks to ensure deadlines are met;
• Equip team members with the necessary skills and knowledge;
• Provide input to the Departmental Head for preparation of the team budget for the team to ensure that finances are available to carry out the duties effectively;
• Demonstrate sound knowledge relevant to the employee's work, including applicable law, the nature of the various types of retirement funds and the risks associated with the governance, management and operation of those funds and providers of products and services to them;
• Work with colleagues to identify and evaluate such risks and formulate and revise strategies for risk-based supervision, implement them, report in writing on incidents of material non-compliance and make recommendations on the steps, if any, that should be taken in regard to those incidents;
• Assist in the establishment and implementation of quality control procedures which govern the planning, execution and reporting of regular planned on-site inspections of funds that were classified as distressed entities;
• To review and manage analysis of statutory returns, submissions and reports;
• To review the processing of notifications and approve or reject applications;
• To oversee the appointment, replacement and removal of curators;
• To exercise oversight over and supervisory engagements with curators;
• Overseeing funds that are placed under curatorship;
• To manage the planning and execution of risk-based supervisory activities in relation to active funds and benefit administrators in accordance with the approved supervision plan
• To allocate, monitor and manage special projects, high profile cases and ad hoc tasks;
• To provide guidance to and facilitate compliance by regulated entities and persons;
• To liaise with internal and external stakeholders;
• To provide capacity building support and management;
• Implementation of appropriate enforcement actions provided for in Chapter 10 of the FSRA;
• Assist and oversee the referral and presentation of matters to the Regulatory Actions Forum Committee; and
• Fulfil such other duties as may reasonably be assigned from time to time, considering the nature of the work, skills and experience and the mission of the Authority.

Other Key Competencies:
The candidate 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, delivering high quality outcomes and service excellence and a sense of urgency.
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.
BCom degree with at least 7 years' working experience within the retirement funds regulation and/ or industry. A good knowledge and exposure to the Pension Funds Act and experience in the financial sector is a prerequisite. The candidate must be able to interpret the Act and Pension Fund Notices. etc. The candidate must be able to interact effectively with senior staff, industry partners and stakeholders and organise, lead and motivate a high-performance team to meet individual, team and FSCA goals. The candidate to be appointed must have the following attributes: be an innovative thinker who is quality driven; have well developed interpersonal skills; have good planning and organisational skills; have excellent communication (both verbal and written) skills and have good problem analysis skills; demonstrate a confident and decisive approach, particularly in difficult situations, be a person with a high level of judgement and integrity; be able to carry out duties independently, impartially and objectively and be able to work effectively under pressure.
Closing Date: 11 February 2026.

Skills Required