Compliance Associate

10X Investments (Pty) Ltd.; Cape Town; Hybrid; ZAR 400,000 - 700,000; Full time

Benefits offered by this job

Annual bonus

Free breakfast

Wellness support programme

Fitness rewards app

Birthday day off

Flexible hybrid work location

Job summary

10X Investments (Pty) Ltd. is expanding its Compliance team and seeks a Compliance Associate to report to the Head of Compliance.

The role focuses on FAIS compliance across Category I and II FSP licenses and supports Pension Funds Act obligations as a Section 13B retirement fund administrator, plus AML/CFT duties under FICA. You will deepen FAIS expertise while gaining exposure to retirement funds, financial crime compliance, and broader regulatory requirements within a dynamic financial

Qualifications

• FSCA-approved Compliance Officer for Cat I/II FSPs or pursuing FSCA approval.
• RE1 and RE3 completed or working towards.
• Relevant qualification in Compliance, Law, Risk Management, Finance or related field.
• Sound FAIS and FICA knowledge.

Responsibilities

• Monitor FAIS Act compliance and license conditions.
• Maintain FAIS registers including Representatives, Key Individuals, Supervision, CPD, Examinations and Debarments.
• Review client-facing documents and marketing material for compliance.
• Support Treating Customers Fairly (TCF) and conflicts of interest management.
• Prepare compliance reports and FSCA submissions and returns.
• Investigate breaches and remedial actions.
• Support AML/CFT compliance including RMCP, CDD and sanctions screening.
• Assist with Regulation 28 monitoring in retirement fund administration.
• Maintain compliance policies and risk management plans.
• Deliver compliance training and awareness initiatives.

Skills

FAIS compliance

FICA

Stakeholder engagement

Report-writing

Communication skills

Education

RE1 completed

RE3 completed

Compliance/Law/Risk/Finance qualification

Job description

10X is disrupting the South African investment industry to help people get dramatically better value for their long-term savings. Helping people get more money when they need it, is our aim.

10X is providing simple, direct low-fee investment solutions. Using an index-tracking investment strategy, we believe investors will achieve superior performance at a fraction of the cost of actively managed portfolios. We want to grow our business rapidly and aim to have over R100bn under management in 5 years. We’re on a mission to build a customer-centric and tech-enabled company, but we’ve only just started. We need great people to help us achieve our dreams. Sure, it’s a big challenge but what’s the point of spending your life doing easy unimportant things?

If you are a passionate, determined, smart, self-starting, ambitious independent thinker that wants to make a positive difference in people’s long-term financial well-being, then we would love to hear from you.

About the role:

Our Compliance team is growing, and we’re looking for a Compliance Associate to join us, reporting to the Head of Compliance.

This is a business-facing role focused on FAIS compliance across our Category I and II FSP licenses. You’ll also support our Pension Funds Act obligations as a Section 13B retirement fund administrator, as well as our AML/CFT obligations under FICA.

This role offers an excellent opportunity for a compliance professional seeking to deepen their FAIS expertise while broadening their experience across retirement funds and financial crime compliance within a dynamic financial services environment.

Responsibilities: Including but not limited to:

• Monitor compliance with the FAIS Act, General Code of Conduct, Category I & II licence conditions and Fit and Proper Requirements.
• Maintain FAIS registers, including Representatives, Key Individuals, Supervision, CPD, Regulatory Examinations and Debarments.
• Conduct compliance monitoring reviews and review client-facing documents, disclosures and marketing material.
• Support Treating Customers Fairly (TCF), conflicts of interest management, complaints handling and FAIS Ombud matters.
• Prepare compliance reports, management information and FSCA submissions and returns.
• Investigate compliance breaches, incidents and remedial actions.
• Support AML/CFT compliance including RMCP, CDD, sanctions screening, PEP screening and regulatory reporting.
• Assist with Section 13B pension fund administration and Regulation 28 compliance monitoring and advising the business where needed.
• Maintain compliance policies, Compliance Risk Management Plans and compliance monitoring plans.
• Deliver compliance training and awareness initiatives.
• Collaborate with the broader Compliance team on regulatory projects and enterprise-wide compliance initiatives.

Requirements: Qualifications

• FSCA-approved Compliance Officer for Category I and II FSPs, or a FAIS-experienced compliance professional seeking to work towards FSCA approval.
• RE1 and RE3 completed (or working towards).
• Relevant qualification in Compliance, Law, Risk Management, Finance or related field.

Experience:

• Sound understanding of FAIS and FICA.
• Exposure to a Section 13B administrator, retirement fund environment or retirement products (retirement annuities, preservation funds, living annuities) advantageous.
• At least 4 years’ experience within the financial services industry including a Cat I/II FSP environment
• Strong communication, stakeholder engagement and report-writing skills.
• Build your career towards becoming an FSCA-approved Compliance Officer while gaining exposure across FAIS, FICA, CISCA, retirement fund regulation, pension fund administration and broader financial services compliance. You will take ownership of meaningful work, develop broad regulatory expertise and grow through continuous learning, cross-skilling and a flexible hybrid working environment.

Why it's fun to work here:

• Our values guide everything we do; they are: We Own it, We Challenge, We Grow, and We Care.
• We offer great benefits including an annual bonus, free breakfast, a wellness support programme, a fitness rewards app and a day off on your birthday!
• We have a flexible approach to location. You can choose to work in our cool offices in Bree Street, from home, or a combination of both!

We are on a drive to grow fast and to help people have more money for when they need it most!

If you do not hear from us within 2-weeks after the closing date, kindly note that your application was not successful.