Officer, Fais Enablement - Bccsa

Officer, Fais Enablement - Bccsa

Stanbic Bank | Johannesburg, GT, ZA

Posted 15 days ago

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Description


We are currently looking for FAIS Enablement Offices, To implement and manage requirements and business controls related to market conduct legislation which will enable Provinces to comply with legislation such as Financial Advisory and Intermediary Services (FAIS). Act as subject matter expert (SME) within the province for all FAIS related matters.Our ideal candidate would posses at least 3/5 years’ experience in managing regulatory requirements set by the FSCAExperience and solid understanding of Sub-Category 1.17 l 1.18 and 1.22 with regards to oversight of : Managing Supervision : Direct (Weekly) and Indirect (Monthly)Maintaining Representative register with meticulous attention to detailComplaints Management in respect of FAIS related issuesOversight of sales activities to identify potential market conduct risksOversight and analysis of sales / product applications to ensure process adherence (Sample Testing)Process review and oversight in development, ensuring adherence to set industry standards and regulatory requirements.Solid understanding of Key Individual requirements and oversight responsibilitiesQualificationsMinimum Qualification & Certification requirementNQF7 : BCOM / Advanced DiplomaRE1 (Key Individual certification)RE5 (Representative certification)The RE1 and RE5 are licensing (competency) examinations that need to be passed by persons performing certain roles within the financial services industry. As a licensing exam, the RE1 and RE5 is set by the regulator for the financial services industry and candidates whom accounts as FAIS Execution Officer would need to have solid understanding of the regulatory framework which governs requirements set for Representatives (both form a fit and proper perspective as well as procedural within execution of sales within intermediary services rendered) as well as a Key Individual obligations to ensure adequate and effective oversight of set portfolios (Rep Register l Business Resilience l Sample testing of applications l Onboarding process l Offboarding process l regulatory reporting of breaches l process enhancements l etc)Advantage : Qualification & Certification NQF 8 : HONS l Post GraduateExperience : 5 - 7 Leadership experience within a FAIS environment / FAIS Flagged Role / Leadership Role.3 - 5 Risk Management experience.Breach identification and reporting Additional InformationCompetencies:Generating IdeasProviding InsightsDocumenting FactsInterpreting DataArticulating InformationEstablishing RapportMaking DecisionsDirecting PeopleInviting FeedbackEmbracing ChangeTeam WorkingFollowing ProceduresEvaluation of Internal ControlsRemedial Action DevelopmentComplianceProject Administration SkillsData Management (Administration)Coaching and MentoringAudit Report Writing