Departmental Head Regulatory Framework; Hybrid

The Departmental Head:
Regulatory Frameworks is a leadership and management role that is responsible for overseeing the strategy and operations of the FSCA’s Regulatory Framework Department, including: overseeing the maintenance and development of regulatory frameworks falling within the FSCA’s jurisdiction; engaging with National Treasury regarding the development of primary legislation relevant to the FSCA; contributing to and/or driving policy initiatives, promoting and managing relationships across a broad scope of internal and external stakeholders;

and providing regulatory support. The person appointed to this position will report to the Divisional Executive:
Regulatory Policy.

• Strategic leadership for the Department and advising the Divisional Executive:
  Regulatory Policy on matters within the Department’s scope of responsibility and expertise.
• Maintain the highest standards of good governance and financial management; and manage reporting and administrative obligations relevant to the Department, in line with corporate governance best practice and the FSCA’s own policies and procedure.
• Oversee and manage a professional team in a high-pressure and collaborative environment.
• Develop the FSCA’s regulatory framework strategy and approach and oversee the development and drafting of regulatory frameworks and related documents.
• Ensure regulatory frameworks are developed in a manner that –
  • effectively supports the FSCA’s legislated objectives;
  • ensures alignment with international standards;
  • demonstrates harmonisation of laws and a shift to being more outcomes- and principle-based;
  • supports positive customer and country outcomes, including through enhanced consumer protection, as well as promoting sustainability, transformation, of the financial sector;
  • supports financial capability, and inclusion;
  • does not inhibit innovation in the financial sector; and
  • enables proportionality, competition and contestability in the financial system.
• Effectively promote and manage relationships with local, regional and international regulators, industry bodies, government departments and any other internal and external stakeholders, including overseeing participation in local and foreign initiatives, committees, conferences, meetings, and the like.
• Oversee the provision of cross-departmental/divisional support.

A legal degree, or such other degree/qualification that is appropriate in the context of policy and regulatory framework development. At least 7 or more years’ management experience, with extensive knowledge in the financial services industry inclusive of policy development, legislative drafting, legal and/or compliance.

The candidate must demonstrate the following skills and attributes:
Leadership skills; proven resource management abilities; knowledge of the policy development and legislative-making process; a strong understanding of the regulatory frameworks supervised by the FSCA; and a solid understanding of the financial sector, various business models employed and the wide range of potential conduct issues.

Autonomy; creativity; high level of judgement and insight; ability to analyse problems and propose solutions; confidence and decisiveness; strong technical knowledge, excellent communication (both verbal and written) and interpersonal skills; and an understanding of project management.

The 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.