Vacancy - Supervision Officer

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.

Supervision Officer

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:

1. 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.
2. 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.
3. 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.
4. Engage in the conduct of onsite inspections to monitor the activities of licensees and authorized persons to ensure adherence to approved regulatory standards.
5. 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.
6. Assist the Section by providing relevant statistics, onsite inspection findings and recommendations for the risk assessment processes and supervision of the fiduciary sector.
7. 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.

To Apply:

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

Manager Human Resources

Financial Services Authority

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

Email:recruitment@fsaseychelles.sc

Closing date of application:  10^th December 2024