Invitation for Trustee Nominations for The

The Financial Services Consumer Education Foundation (Foundation) invites nominations for the services of three Trustees to serve on its Board of Trustees on a non-executive basis. The Foundation is an independent Trust, established by the Financial Sector Conduct Authority (FSCA) with the sole purpose of promoting and funding financial consumer education initiatives that are developed, implemented, and managed by the Consumer Education Department (CED) of the FSCA. The aim of these initiatives is to increase the level of financial literacy of both existing and potential consumers of financial products and services.

**Duties of Trustees will include, but is not limited to**:

- Supporting the FSCA in meeting its mandate of providing and promoting financial education in South Africa.
- Attending Foundation Sub-Committee and Board meetings at least twice a year.
- Attending Foundation funded projects.
- Providing expert input into project proposals for the funding of consumer financial education initiatives.
- Collectively making decisions on project selection and implementation.
- Connecting the Foundation to networks within the Financial Sector for potential funding/donation opportunities.

**Remuneration**:

- Trustees are remunerated on an hourly basis for meeting preparation, meeting attendance and travel.
- Trustees are appointed for a maximum term of office of three (3) years and may be reappointed but may not serve more than three

(3) consecutive terms of office.

The Foundation is committed towards increasing the representation of marginalised groups in line with its Deed of Trust. Preference will be granted to the representation of broader demographics of the South African population.

**Closing Date: 25 August 2023**

**Trustees should ideally have a minimum of 5 years’ experience and skills in**:

- Community engagement
- Financial consumer education development
- Financial services (Chartered Accountant, Consumer Education Specialist, Audit and Risk, or Marketing)
- Legal (regulatory reform and legal developments in financial services)
- Behavioral economist/Social Development
- Audit and project management
- Stakeholder engagement/donor relations