Job Description

Purpose of the Job:

To assist with the general management of the department, coordinate and provide technical support for key supervisory projects and to help enhance and maintain a risk-based conduct of business supervisory framework for the insurance sector. The person appointed to this position will report to the Departmental Head.

Key Performance Areas:

• Planning, managing, coordinating, and driving key supervisory projects to be conducted by the Insurers Supervision Department, thus ensuring the enhancement and implementation of appropriate and effective supervisory strategies.
• Provide expert supervisory and technical input into strategic decision-making processes in the Department and the Conduct of Business Division where required.
• Provide technical and other support to the relevant Executive Committee member on matters related to the work of the Department as and when required.
• Provide input into legislative amendments and the work of international forums where required.
• Ensure that the deliverables meet strict deadlines.
• Assist the Departmental Head by recommending and implementing changes following the outcomes identified by the supervisory projects that are undertaken.
• Assist the Departmental Head to apply a risk-based approach to prioritisation of deliverables and allocate appropriate resources accordingly.
• Engage with industry stakeholders on various conducts of business supervisory matters.
• Engage with senior management within the FSCA on operational and strategic matters as and when required.
• Engage with management of financial institutions, especially insurers on complex matters as and when required.
• Engage with stakeholders on international level when required.
• Establish constructive working relationships with co-regulators.
• Manage the human resources of the team effectively and efficiently (train, develop, monitor, lead and assess performance of staff).
• Analyse situations and large volumes of information and apply sound judgment-based decision making with great attention to detail.

Other Key Competencies:

The candidates must demonstrate the following skills: To function well under pressure, show a high level of professional judgement, agility and personal resilience, and the ability to use applicable legislation, Strong understanding of international and local trends and developments impacting the insurance sector. To organise, lead and motivate a team to meet individual, team, Departmental, and organisational goals. Have strong computer skills. Have excellent research, presentation, analytical, written, and oral communication skills. Leadership competencies and strong strategic thinking abilities.

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

A bachelorxe2x80x99s degree in law, or a Risk Management, Business, Economics or Accounting qualification, with at least 5 - 7 yearsxe2x80x99 experience in the financial services industry, including specific experience relevant to the insurance sector. Experience in monitoring, compliance management, risk management, project management, and people management will be highly advantageous. Demonstrate the ability to manage diverse stakeholder relationships and collaborate across cross-functional areas will be desirable.
Closing Date: 13 November 2023