Regulatory Compliance Specialist – Section 65 Scheme Oversight (Prescient Fund Services)

DUTIES & RESPONSIBILITIES

Section 65 Scheme Oversight

• Provide regulatory oversight of S65 approved collective investment schemes represented in South Africa by PManco.
• Maintain oversight of the business’s obligations as local representative / regulatory contact in terms of Section 65 of CISCA.
• Monitor scheme structures, approvals, and ongoing compliance status, ensuring alignment with FSCA conditions of approval.
• Track and manage regulatory commitments, undertakings, and conditions attached to S65 approvals.

Regulatory Compliance & Monitoring

• Conduct ongoing compliance monitoring of S65 schemes against CISCA, FSCA standards, and guidance notes.
• Review scheme documentation, including prospectuses, supplements, offering memoranda, and marketing material for regulatory compliance.
• Identify, assess, and escalate regulatory breaches, risks, or emerging compliance issues related to S65 schemes.
• Support regulatory reporting obligations, including periodic submissions and ad hoc FSCA requests.

Regulatory Engagement & Advisory

• Act as a key point of contact with the FSCA on S65 related matters, including approvals, queries and regulatory correspondence.
• Provide regulatory guidance and advice to internal stakeholders and offshore fund managers on South African CIS requirements.

Governance, Risk & Controls

• Contribute to governance and risk reporting relating to S65 schemes, including compliance dashboards, risk assessments, and board or committee papers.
• Support internal and external audits, regulatory inspections, and due diligence reviews related to S65 oversight.
• Assist with the development and maintenance of policies, procedures, and frameworks relevant to S65 scheme compliance.

Stakeholder & Cross Functional Collaboration

• Engage with offshore managers, administrators, and service providers to ensure consistent regulatory standards are applied.
• Support client, platform, or institutional due diligence processes relating to S65 schemes.

REQUIRED QUALIFICATIONS

Bachelor’s degree in Law, Commerce, Finance, Risk Management, or a related field.