Fsca Expression Of Interest : Membership Applications For Consumer Advisory Panel

Financial Sector Conduct Authority; Pretoria; Hybrid; ZAR 50 000 - 200 000; Part time

Job summary

A regulatory body for the financial sector is forming a Consumer Advisory Panel to enhance consumer representation. Members will advise on financial sector policies, meet at least four times a year, and protect consumer rights. This role is part-time, allowing flexibility while contributing to the public's trust in the financial sector. Interested candidates should submit a CV and covering letter, demonstrating relevant skills and interest by 17 February.

Qualifications

• Good verbal and written communication skills.
• Knowledge of consumer needs.
• Experience in financial services is advantageous.

Responsibilities

• Provide ongoing advice on financial sector policy.
• Assist in protecting consumer rights within the financial sector.
• Participate in regular panel meetings.

Job description

The Financial Sector Conduct Authority (FSCA), a market conduct regulator for the South African financial sector, is creating a Consumer Advisory Panel (Panel) to strengthen consumer representation in the financial sector regulatory environment.

The Panel will assist in protecting the rights and interests of financial customers and supporting public confidence and trust in South Africa’s financial sector. Membership of the panel is not a full‑time commitment.

Strategic Objectives

1. Improve industry practices to achieve fair outcomes for financial customers
2. Act against misconduct to support confidence and integrity in the financial sector
3. Promote the development of an innovative, inclusive and sustainable financial sector
4. Empower households and small businesses to be financially resilient
5. Accelerate the transformation of the FSCA into a socially responsible, efficient, and responsive conduct regulator

Composition of the Panel

• Maximum of 11 members
• Members may be consumers or persons representing or knowledgeable about consumer needs
• Members appointed for a three‑year term, renewable once
• Chairperson and deputy chairperson appointed by the Executive Committee

Functions of the Panel

• Provide ongoing advice and inputs on financial sector policy, research, regulation, supervision, enforcement and consumer education matters
• Provide advice on documents issued for public consultation or being considered for public consultation
• Request access to information from the FSCA that is reasonably required to carry out its work
• Actively bring to the attention of the FSCA issues likely to be of significance to consumers

Duties of Members

Set out in section 69 of the Financial Sector Regulation Act (FSR Act).

Operations of the Panel

• Meet at least four times in a financial year, may meet more frequently if necessary
• Secretariat function for meetings provided by the FSCA
• Maintain confidentiality of information provided to the panel by the FSCA where necessary

Reporting

Produce a report at the end of the financial year on the Panel’s work during that year.

Application Process

To submit a membership application, please submit your CV and a motivating covering letter to ******. In your cover letter, provide reasons for your interest, skills/expertise that would further the Panel’s mandate, and demonstrate good verbal and written communication skills. The deadline to submit your membership application is 17 February ****.