ENVIRONMENT:

DESIGN, develop, test & implement new or enhanced supervisory tools as the next Supervisory Audit Manager sought by a dynamic provider of advanced Financial Security Services in Joburg. You will also develop and execute a monitoring framework for unit trusts (collective investment schemes and global markets access while monitoring and assessing regulated entities/participants against the provisions of the FMA, FSRA, CIS, Company Rules and Directives, and enforcing compliance through regulatory action and sanctions. Applicants must have Matric/Grade 12 or equivalent with a Bachelor's Degree in relevant fields such as Finance/Business/Economics/Law and Commerce and 10 years' post qualification work experience, 5 of which must be managerial & proven knowledge and expertise in dealing with the Financial Markets Act and international regulatory standards, particularly those relating to FATF and other international standard setters such as the Financial Stability Board (FSB).

DUTIES:

• Responsible for designing, developing, testing and implementing new or enhanced supervisory tools.
• Develop and execute a monitoring framework for unit trusts (collective investment schemes and global markets access).
• Build and maintain an optimal, experienced, cross-functional, collaborative and inclusive team environment.
• Manage the people capability to execute on the supervisory and regulatory mandate and strategy.
• Responsible for tracking, monitoring and supporting performance outcomes for the team.
• Provide and support an Agile and structured approach to work distribution that promotes an inclusive and diverse team work ethic underpinned by corporate behaviours.
• Ensure that the team is compliant with all attributes and competencies that are relevant to the organisation and relevant to the role of the team.
• Be responsible for the development of a framework of process, systems, data for the function that promotes the objectives of the FMA and SRO function to maturity and maintain the framework to ensure relevance.
• Contribute to the development and maintenance of fit for purpose supervision and enforcement program, policies, long- and short-range goals, plans, program evaluation, and budget management.
• Provide support for escalated compliance and regulatory matters.
• Ensure queries and escalations are responded to with the required urgency.
• Maintain a comprehensive knowledge of the relevant legislation, the FMA, Financial Sector Regulation Act (FSRA), Collective Investment Schemes Act (CIS), Company Rules, and Directives.
• Keep abreast of domestic and international market research to proactively identify best practice and standards.
• Conduct research and analysis to provide for insights and opportunities as well as to mitigate for possible limitations to the supervisory function.
• Undertake ongoing global benchmarks for optimal best practice.
• Be responsible for the quarterly review of exam learning material.
• Create a dashboard and processes to track, monitor, and manage compliance reviews and investigations. This may result in outcomes that foster improvement, insights, and data integrity of enforcement statistics.
• Monitor and evaluate the consistent application of the FMA, FSRA, CIS Company Rules and Directives.
• Provide an analysis and report on compliance and violation trends.
• In collaboration with the Head of Regulation and Supervision, build, develop and maintain key strategic partnerships and stakeholder relationships to foster partnership, collaboration and understanding of the regulatory and supervisory capability in the financial market ecosystem, particularly in unit trusts.
• Develop and maintain strong, open relationships with other co-regulators.
• Communicate and