Fixed Assets Officer        

Facilities and Logistics Section

Job purpose:

To assist the Fixed Asset Manager to ensure FSA’s assets are well kept, movement tracked, depreciated correctly and disposed with all records securely maintained. Responsible to ensure that assets reflecting on the books are maintained, insured and labelled accordingly as per the fixed assets policy and distributed to correct users and locations. To also assist the Manager in sensitisation of FSA employees on Fixed Asset Management.

Summary of Duties:

• Record all purchases, transfers, sales and disposal of Fixed Assets in a timely manner, ensuring accuracy and quality.
• Responsible for accurate asset details on all Fixed Assets for auditing purpose.
• Label/tag and record all company Fixed Assets before distributing to user and record details on Fixed Assets Register.
• Update asset records on a daily basis to ensure easy access to Fixed Assets information.
• Conduct periodic disposal of Fixed Assets in line with Fixed Assets Policy and Procedures and update Fixed Assets Register accordingly.
• Review Fixed Assets inventory write-off proposals from line managers to ensure they are properly documented and authorised.

• Manage the Fixed Asset Register through an Asset Management System/Software which shall consist but not limited to identifying, recording, numbering, cataloguing, classifying and reporting on Fixed Assets.
• Make sure that the Fixed Assets Register complies with the rules and requirements as per the Fixed Assets Policy and Procedures.

• Remove assets from the Fixed Assets Register when they are expired, obsolute or stolen.
• Compile report on all company Fixed Assets and submit to Line Manger.
• Generate reports of  Fixed Assets as may be requested.

Minimum entry requirements:

• Diploma in Business Studies and Accounting plus 2 years of relevant working experience in the field of fixed assets management.
• Must be able to use Microsoft packages

Salary:

Commensurate with qualifications and experience.

To Apply:

Please forward your covering letter, curriculum vitae, certificates, references and referees to:

Head of Corporate Affairs

Financial Services Authority

P.O. Box 991, Bois De Rose Avenue, Mahe

Email:recruitment@fsaseychelles.sc

Closing date of application:  25^th March, 2024

Fixed Assets  Manager  

Facilities and Logistics Section

Job purpose:

Key custodian of all physical assets from acquisition to disposal. The role is responsible for recording the cost of all newly acquired fixed and moveable assets and existing assets, maintaining records of these assets, ensuring that throughout their lifecycle, they are properly capitalised, maintained, utilised and disposed of appropriately. Furthermore, the  manager will be responsible for developing sensitisation and training for proper asset management by FSA.

Summary of Duties:

• Provide guidance on policies, processes and procedures related to Fixed Assets to FSA management.
• Make recommendations for the review and updating of the Fixed Assets Policy.
• Make recommendation on best practice principles and process for assets management.
• Prepare a sentitisation programme to educate staff on the management of fixed assets.
• Manage the Fixed Asset Register through an Asset Management System/Software which shall consist of but not limited to identifying, recording, numbering, cataloguing, classifying and reporting on Fixed Assets.
• Make sure that the Fixed Assets Register complies with the rules and requirements as per the Fixed Assets Policy and Procedures.
• Update asset records on a daily basis to ensure easy access to Fixed Assets information.
• Ensure records of all purchases, transfers, sales and disposal of Fixed Assets are captured in a timely manner.
• Assist Finance Section with the management of an active depreciation schedule to assure the book value of the asset is constantly updated.
• Liaise with the Finance section to ensure the reconciliation of Fixed Assets to the general ledger assets accounts using the applicable software for submission to the Finance section.
• Label/ tag and record all company Fixed Assets before distributing to user and record details on Fixed Assets Register.
• Develop and implement assets verification plans.
• Conduct periodic audits, spot checks and physical verification and counting to ensure compliance with the fixed assets accounting standard, rules and FSA Asset Policy.
• Conduct periodic disposal of Fixed Assets in line with Fixed Assets Policy and Procedures and update Fixed Assets Register accordingly.
• Ensure assets are insured as per agreed value and schedule.
• Track warranties on all assets, ensuring these are executed appropriately.

Minimum entry requirements:

• Minimum 2 years’ working experience in the field of fixed assets management, a degree is a plus.

• Must be able to use Microsoft packages and other Accounting software.

Salary:

Commensurate with qualifications and experience.

To Apply:

Please forward your covering letter, curriculum vitae, certificates, references and referees to:

Head of Corporate Affairs

Financial Services Authority

P.O. Box 991, Bois De Rose Avenue, Mahe

Email:recruitment@fsaseychelles.sc

Closing date of application:  25^th March, 2024

Analyst - Virtual Asset Services Supervision

Virtual Asset Services Supervision Section

Job Purpose:

Responsible for reviewing and determining applications for registrations, licensing and other authorization of businesses providing virtual asset services. Consequently, to carry out sectoral supervision of the licensed and authorised businesses in order to ensure compliance with the relevant legislations.

Summary of Duties:

• Engage in the processing and evaluation of applications received within the Section including but not limited to registration, licensing, “fit and proper” and other applications for authorisation or approvals.
• Assess and appraise all applications in consultation with the other sections of the organisation and in line with relevant , guidelines and standard operating procedures in place.
• Engage in the conduct of field inspections to monitor the activities of licensees, and ensure adherence to regulatory requirements.
• Gather, examine and compile data and any other relevant information relating to the off-site area and provide findings and recommendations to management.
• Through either on-site or desk-based means, and following set sectional supervision framework, make recommendations to the Section’s Manager on appropriate regulatory enforcement action(s) in events of regulatory breaches, and from time to time report to the Section’s Manager on matters thereof.
• Be conversant and keep up to date with current industry legislations, guidelines and policies in place to ensure that applications are being processed in accordance with the relevant laws and guidelines.
• Contribute in the formulation, implementation, and maintenance of policies, procedures and practices, participate in the development of strategic plans for the FSA and review exercises as and when required.

Minimum Entry Requirements:

• Degree In Finance Or Economics Or Accounting Or Law Or Information Technology Or Cyber Security or Business Administration Or Any Other Relevant Field.
• A finance/compliance/accounting-based/information technology/cyber security professional qualification equivalent of an undergraduate university degree; Or
• CISI Or ICA Compliance Qualification.

Salary:

Commensurate with qualifications and experience.

To Apply:

Please forward your covering letter, curriculum vitae, certificates, references and referees to:

Head of Corporate Affairs

Financial Services Authority

P.O. Box 991, Bois De Rose Avenue, Mahe

Email:recruitment@fsaseychelles.sc

Closing date of application:  25^th March, 2024

Financial Services Authority

The Financial Services Authority is inviting dedicated, dynamic and committed individuals to join its team and help contribute to the success of the financial services industry.

Manager - Virtual Asset Services Supervision

Virtual Asset Services Supervision Section

Job Purpose:

Responsible for the management of the authorization and supervision function of the section in order to ensure only relevant businesses providing virtual asset services are licensed and authorized. Consequently, to manage the supervision function of the section for the conduct of effective sectoral supervision of the licensed and authorised entities.

Summary of Duties:

• Ensure the effective and efficient operations of the section.

• Devise administrative and supervisory framework, policies and procedures in relation to the section and make recommendations to the Director.
• Oversee the staff within the section to ensure:

• that applications are processed in accordance with relevant legislations and within the parameters set by the Section’s Service Standards
• effective preparation, coordination and overseeing of the conduct of field inspections to monitor regulated entities activities and ensure adherence to approved regulatory standards
• identification of potential areas of compliance vulnerability and supervisory techniques and tools to best manage the risks
• appropriate enforcement action is taken in events of regulatory breaches

• Review statistical inspections and other reports and provide input on findings and recommendations where necessary.

• Work in collaboration with the other departments of the organisation to undertake relevant policy or legislative changes in relation to the sector.

Minimum Entry Requirements:

• Degree In Finance Or Economics Or Accounting Or Law Or Information Technology Or Cyber Security or Business Administration Or Any Other Relevant Field.
• A finance/compliance/accounting-based/information technology/cyber security professional qualification equivalent of an undergraduate university degree; Or
• CISI Or ICA Compliance Qualification.
• 3 years of relevant working experience.

Salary:

Commensurate with qualifications and experience.

To Apply:

Please forward your covering letter, curriculum vitae, certificates, references and referees to:

Head of Corporate Affairs

Financial Services Authority

P.O. Box 991, Bois De Rose Avenue, Mahe

Email:recruitment@fsaseychelles.sc

Closing date of application:  25^th March, 2024

Fiduciary Supervision Section

Job Purpose:

To ensure effective supervision and monitoring of the fiduciary sector through the implementation of a risk based approach to supervision, inclusive of both offsite and onsite supervision, and to assist in the development of internal control systems and procedures.

Summary of Duties:

• Work in close collaboration with the Supervision Manager and Director for Fiduciary Supervision to supervise and ensure the effective and efficient operations of the Supervision Unit.

• Engage in the processing and evaluation of applications submitted with the Section including but not limited to licensing, renewal, fitness and propriety, changes and other authorisation applications in collaboration with relevant units.

• Through offsite and onsite supervisory work, identify potential areas of compliance threats and vulnerabilities and prioritize supervisory techniques and tools to best manage and mitigate such risks.
• Engage in the conduct of onsite inspections to monitor the activities of licensees and authorized persons to ensure adherence to approved regulatory standards.

• Gather, examine and compile data, periodic returns and any other relevant information relating to the offsite and onsite work to provide findings and recommendations to management.

• Assist the Section by providing relevant statistics, onsite inspection findings and recommendations for the risk assessment processes and supervision of the fiduciary sector.

• Prepare reports following offsite and onsite supervision work to provide appropriate recommendations to the Supervision Manager and Director for Fiduciary Supervision with regards to mitigating and enforcement actions against licensees and other ad-hoc reports as may be required for the Section.

Minimum Entry Requirements:

• Degree in Business Administration, Law, Management, Finance, Economics or any other related field; or
• Other Relevant Professional Qualifications Including;
• International Compliance Association – International Diploma in Compliance; or
• ICSA- Level 5 Diploma
• Minimum of Three Years’ Experience in Related Field.

Salary:

Commensurate with qualifications and experience.

To Apply:

Please forward your covering letter, curriculum vitae, certificates, references and referees to:

Head of Corporate Affairs

Financial Services Authority

P.O. Box 991, Bois De Rose Avenue, Mahe

Email: recruitment@fsaseychelles.sc

Closing date of application: 8^th March, 2024

Supervision Officer

Insurance, Gambling and Pension Supervision Section

Job Purpose:

Assist in the implementation and maintaining of administrative procedures relating to licensing, supervision and compliance/enforcement of activities of FSA and undertake compliance checks on gambling/gaming operators licensed by FSA and ensure that approved standards and practices are adhered to.

Duties:

• Keep abreast of international supervisory standards and practices in the Insurance and Gambling Industry.
• Conduct the supervision of insurance and gambling activities as mandated by law (Seychelles Gambling Act, 2014 and Insurance Act, 2008 and its regulations, standards, policies and procedures and other related laws).
• Coordinate and facilitate liaison with licensees on matters related to their business activity requirements.
• Assist in the proper reporting of violations, breaches and failures or potential violations breaches and failures of licensees.
• Assist Financial Analyst in the review of Audited Financials, MRR and Management Reports.
• Plan and conduct On-site Inspections/Off-site Inspections (including night spot checks).
• Administer complaints and maintain the register of complaints.
• Assist in Request of Information with other organizations (local & International).
• Collect and consolidate statistics.
• Ensuring good business practices within the Insurance and Gambling sector through constant monitoring and analysis of business practice and compliance with statutory requirements.
• Review and provide recommendation of updates on supervisory regulations and procedures in accordance to international best practice.

Minimum Entry Requirements:

• Bachelor’s Degree in Insurance, Mathematics, Risk Management, Economics, Law, Actuarial Science, Statistics, Finance, Accounting, Business or a related field plus a minimum of two years of relevant working experience especially in the compliance area of the gambling sector.
• Professional qualifications in Insurance/Pension/Financial Planning/Finance and Accounting from a recognised professional body.

Salary:

Commensurate with qualifications and experience.

Application:

Please forward your covering letter, curriculum vitae, certificates, references and referees to:

Head of Corporate Affairs

Financial Services Authority

P.O. Box 991, Bois De Rose Avenue, Mahe

Email:recruitment@fsaseychelles.sc 

Closing date of application: 8^th March, 2024

Policy, Research and Statistics Section

Job Purpose:

Review of existing policies and make recommendations to management in order to improve the current legislative landscape.

Summary of duties:

• Undertake research to design policy papers:

• • to promulgate new legislations to expand the portfolio base
  • to initiate amendments to legislations for development of existing products
  • to support the administration of products internally through internal policies

• Review, amend and design of FSA documents such as codes, guidelines, applications form and circulars to ensure conformity of organisation standards.
• Provide advices for interpretation of policies and its accompanying legislations to internal and external parties.
• Conduct industry surveys, collate and analyse data, and produce reports as assigned.
• Collate and maintain statistics of the organisation’s licensees and products.
• Assist other sections of the organization in the implementation of products.

Minimum entry requirements:

Undergraduate Degree in Economics, Finance, Commerce, International Business or any other relevant field.

Salary:

Commensurate with qualifications and experience.

To Apply:

Please forward your covering letter, curriculum vitae, certificates, references and referees to:

Head of Corporate Affairs

Financial Services Authority

P.O. Box 991, Bois De Rose Avenue, Mahe

Email:recruitment@fsaseychelles.sc

Closing date of application: 8th March, 2024