Website FSCA South Africa
The FSCA's mandate is to enhance the efficiency and integrity of financial markets; promote fair customer treatment by financial institutions; provide financial education and promote financial literacy; and assist in maintaining financial stability in South Africa. This is in line with the Twin P… read moreeaks model of financial sector regulations, as envisioned in the Financial Sector Act 2017 (FSRA).
Purpose of the role:
Deputy Commissioners report to the Commissioner and will be expected to provide executive oversight of the operationalisation of the FSCA. They will be responsible for ensuring close working relationships between the FSCA and key stakeholders in the financial sector, including the National Treasury, South African Reserve Bank, National Credit Regulator, and Financial Intelligence Centre. Deputy Commissioners will also be responsible for ensuring the FSCA participates and is properly represented in local coordinating structures and relevant international forums.
Some key outputs include:
Working closely with the Commissioner and Divisional Executives, and responsible for the day-to-day management and administration of the FSCA, including ensuring that the regulator has adequate skills and resources to meet its mandate and objectives
Oversee the development and implementation of a regulatory strategy for the FSCA
Make conduct standards, joint standards and other regulatory instruments, adopt the administrative action procedures of the FSCA, and issue licenses to financial institutions
Monitor the achievement of fair customer outcomes in the financial sector and take steps to mitigate conduct risk and abusive market practices
Develop and implement an approach to transformation of the financial sector for the FSCA, taking into account the BBBEE Act and Financial Sector Code.
Qualifications and experience:
Matric
A relevant postgraduate degree (NQF Level 8) recognised by SAQA.
A minimum of 7 to 10 years relevant Senior Management experience, preferably at Executive level and with direct experience in or exposure to financial sector regulation and/or consumer protection as well as banking, insurance, financial markets, payment systems, retirement funds and investment funds
Knowledge and Experience of the legislative framework in the financial services sector, e.g. Financial Sector Regulation Act, Banks Act, Financial Intelligence Centre Act, Pension Funds Act, Insurance Act, Financial Markets Act, National Payment System Act, National Credit Act etc.
Knowledge of the Financial Sector Ombud schemes and how they operate.
Technical competencies include but not limited to:
General management experience
Strategic planning and Strategic Leadership
A deep understanding of the financial sector and the role, purpose and functioning of a financial sector regulator, and one that governs market conduct and financial markets in particular.
Behavioural competencies include but not limited to:
Fit and proper
Honesty and integrity
Professionalism
Fairness
Diplomacy
Leadership and Negotiation skills
Advanced emotional intelligence
Advanced problem-solving, planning, and facilitation abilities
Proven ability as a team leader with a commitment to creating, supporting, and sustaining an environment that enables staff to achieve results.
Closing Date for applications: 19 June 2026 at 12:00
Apply via company website ( N / A ) or
fsca.mcidirecthire.com
To apply for this job please visit fsca.mcidirecthire.com.