SPECIALIST ANALYST INSURERS SUPERVISION DEPARTMENT

FSCA; Pretoria; Sur place; ZAR 900 000 - 1 400 000; Plein temps

Résumé du poste

FSCA is seeking an experienced subject-matter expert to oversee compliance with long-term, short-term, and other financial sector legislation. You will supervise a portfolio of insurers, conduct risk-based onsite inspections, report findings, and provide strategic technical guidance to the department.

Ideal candidates hold a Law or Insurance Risk Management degree with 5+ years in compliance or risk roles; compliance/risk certifications are preferred.

Qualifications

• Degree in Law or Insurance Risk Management with relevant insurance industry knowledge.
• At least 5 years’ experience in an insurance technical, compliance or risk management role.
• Certification in Compliance or Risk Management is advantageous.

Responsabilités

• Monitor compliance with insurance legislation to protect policyholders and supervise a portfolio of entities.
• Coordinate, plan and conduct thematic, risk-based on-site inspections and engage with supervised entities.
• Report findings and recommend corrective actions where feasible.
• Provide specialist technical advice within the department and externally.
• Collaborate with other departments across the organisation and ensure adherence to policies.
• Manage and coordinate technical projects and provide strategic support for supervision frameworks.

Connaissances

Data analysis

Regulatory compliance

Stakeholder engagement

Communication

Problem solving

Independent worker

Formation

Degree in Law or Insurance Risk Management

Description du poste

2026/10/27

Reference Number

FSCA 256

Description

Purpose of the Job

To provide in depth subject matter expertise relating to the Long-term Insurance Act 52 of 1998, Short-term Insurance Act 53 of 1998, Financial Sector Regulation Act 9 of 2017 and Insurance Act 18 of 2017(insurance legislation), to supervise compliance with the provisions of insurance legislation. The persons appointed to this position will report to the Manager.

Key Performance Areas

• Monitor compliance with legislation to ensure the protection and fair treatment of policyholders by closely managing and supervising a portfolio of insurance companies and taking necessary action for non-compliance, where applicable and necessary;
• Responsible for coordinating, planning and conducting thematic, full market conduct on-site inspections including direct engagements with supervised entities in terms of the risk-based supervision approach, and in line with the departmental supervision objectives and plans;
• Report on the findings and recommend corrective actions where feasible;
• Conduct research and provide specialist technical advice both within the department and to other external stakeholders;
• Liaise and collaborate closely with relevant departments across the organisation, particularly in instances where the entity is supervised by various departments;
• Adhere to department policies and processes including service level commitments;
• Manage and co-ordinate technical projects in the department; and
• Provide strategic and technical support to the department in respect of the development of a framework for conduct of business supervision.

Other Key Competencies

The candidate must demonstrate the following skills and attributes: ability to analyse high volumes of data, good attention to detail; good verbal and written communication skills; proactive; ability to work independently, problem solving and analysis skills; information gathering, good administration skills, good interpersonal skills and emotional intelligence, good customer relations skills; persuasiveness and must be computer literate.

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.

Requirements

A degree in Law or Insurance Risk Management, with at least 5 years’ experience in an insurance technical, compliance or risk management role. An excellent knowledge and understanding of the financial services industry, and in particular, the insurance industry is required. Experience in a compliance or risk management role within an insurer would be an added advantage. Preference will be given to candidates with a certification in Compliance or Risk Management.