Compliance Specialist

10X Investments; Cape Town; Hybrid; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Annual bonus

Free breakfast

Wellness support programme

Fitness rewards app

Birthday day off

Job summary

10X Investments is expanding its Compliance team in Cape Town, offering a broad, business-facing role focused on CISCA compliance and regulatory oversight. Reporting to the Head of Compliance, you will advise, monitor, and support FAIS, AML/CFT, PFA and related regulatory needs across the business.

This mid-level role opens opportunities to engage with trustees, custodians, regulators and internal teams while supporting fund launches and governance across unit trusts, ETFs and AMETFs.

Qualifications

• LLB, Commerce, Compliance, Risk Management or related degree.
• FAIS Regulatory Examinations RE1 and RE3 advantageous.
• Compliance Institute SA membership advantageous.

Responsibilities

• Promote and monitor CISCA, BN90, BN92, Regulation 28, FAIS, FICA and related regulatory requirements.
• Support the implementation, maintenance and monitoring of the organisation's compliance framework and compliance programme.
• Monitor fund mandates, investment restrictions and regulatory limits.
• Support the launch of new funds and investment products, including unit trusts, ETFs and AMETFs.
• Review fund documentation, mandates and product disclosures for ongoing regulatory compliance.
• Investigate and report on compliance incidents, breaches and complaints.
• Prepare regulatory returns and reports.
• Provide practical compliance advice to business stakeholders.
• Maintain compliance policies and monitoring plans.
• Monitor regulatory developments and support implementation of regulatory changes.
• Collaborate with the broader Compliance team on enterprise-wide initiatives.
• Assist with compliance training, awareness and culture-building.

Skills

Analytical skills

Problem-solving

Relationship building

Independent work

Education

LLB / Commerce / Compliance / Risk Management degree

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:

We are looking for a mid-level compliance professional to join our growing Compliance team. Reporting to the Head of Compliance.

This is a broad, business-facing role with primary responsibility for Collective Investment Schemes Control Act (CISCA) compliance and oversight. The successful candidate will also provide compliance advisory, monitoring and regulatory support across the business in relation to FAIS, AML/CFT, Pension Funds Act (PFA) and related regulatory requirements.

This role offers an excellent opportunity for a compliance professional seeking to broaden their experience across multiple regulatory frameworks and compliance functions within a dynamic financial services environment.

This is an opportunity to work across a wide range of compliance disciplines, contribute to strategic business initiatives and product launches, and develop into a well-rounded compliance professional within a growing financial services business.

Key Responsibilities: Including but not limited to:

• Promote and monitor compliance with CISCA, BN90, BN92, Regulation 28, FAIS, FICA and related regulatory requirements applicable to the business.
• Support the implementation, maintenance and monitoring of the organisation's compliance framework and compliance programme.
• Monitor fund mandates, investment restrictions and regulatory limits.
• Support the launch of new funds and investment products, including unit trusts, Exchange Traded Funds (ETFs) and Actively Managed Exchange Traded Funds (AMETFs).
• Review fund documentation, supplemental deeds, mandates and product disclosures to ensure ongoing regulatory compliance.
• Investigate and report on compliance incidents, breaches and complaints.
• Prepare regulatory returns and reports.
• Provide practical compliance advice to business stakeholders.
• Maintain compliance policies, Compliance Risk Management Plans and compliance monitoring plans
• Monitor regulatory developments and support implementation of regulatory changes.
• Collaborate with the broader Compliance team on enterprise-wide compliance initiatives.
• Assist with compliance training, awareness and culture-building activities.

Requirements: Qualifications

• LLB, Commerce, Compliance, Risk Management or related degree.
• FAIS Regulatory Examinations RE1 and RE3 advantageous.
• Compliance Institute SA membership advantageous.

Experience

• 5+ years' compliance experience within the South African financial services industry
• Experience within a Collective Investment Scheme Management Company (Manco), asset manager, investment manager or collective investment scheme environment essential.
• Experience conducting compliance monitoring reviews and risk assessments.
• Experience supporting fund launches, product development, product governance and regulatory approval processes essential.
• Experience engaging with trustees, custodians, regulators, auditors and other stakeholders within a collective investment scheme environment essential.
• Working experience in compliance advisory, monitoring and/or regulatory reporting relating to FAIS, FICA/AML/CFT and investment products.

Strong knowledge of:

• CISCA
• FICA and AML/CFT requirements
• FAIS
• Financial Markets Act (FMA)
• Regulation 28
• Unit trusts, ETFs, AMETFs, portfolio mandates and collective investment scheme governance structures.
• Compliance monitoring and risk management practices

Working knowledge of:

• Pension Funds Act (PFA)
• POPIA
• Living annuities
• Retirement fund investments

What We're Looking For

• Strong analytical and problem-solving skills
• Ability to build credible relationships with investment teams, product teams, trustees, custodians, regulators and external service providers.
• Ability to work independently and manage competing priorities
• Adaptability and a willingness to develop expertise across multiple compliance disciplines

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 here from us within 2-weeks after closing date, kindly note that your application was not successful.