Website Bryte Insurance Company Limited
Bryte Insurance Company Limited is the premier, proactive commercial risk specialist in Southern Africa. Applying our unparalleled sector insights, proven expertise and foresight, we partner with customers and brokers to protect their businesses and improve their risk profile across the continent. … read moreOur short-term insurance risk management solutions are developed from deep sector knowledge, a future-fit focus and our commitment to service excellence. The Bryte Insurance Company brand may be new, but it retains the benefit of the incumbent infrastructure, products and management team. We are proud of what has been accomplished by this team in recent years and look forward to building further on our strong foundation of an established, successful insurance heritage and an invested partnership model. Bryte Insurance Company Limited’s operations in South Africa and Botswana are recent additions to the Fairfax Financial Holdings portfolio. Fairfax is a company based in Toronto, Canada and through its subsidiaries, is engaged in property and casualty insurance, and reinsurance and investment management. Bryte Insurance Company Limited approaches customer risk with purpose, proactively working with brokers and clients to enable better risk decisions. 15 Marshall Street Ferreirasdorp Johannesburg 2001 South Africa
Key Tasks & Accountabilities
Compliance Program Management
Assist Head of Compliance to develop, implement and maintain compliance programs to ensure adherence to laws, regulations, and internal policies.
Develop review, and update comprehensive compliance policies, procedures, and programs across all business units.
Conduct compliance risk assessments to identify assess and mitigate enterprise-wide compliance vulnerabilities and regulatory changes.
Execute compliance monitoring and testing programs. Investigate potential non-compliance issues, collect evidence, and oversee the implementation of corrective actions. Report on findings to Head of Compliance and relevant stakeholders and escalate concerns as necessary.
Maintain expert-level knowledge of applicable laws, regulations, and industry standards affecting the organization.
Assist Head of Compliance in preparing and presenting compliance reports to senior management, board committees, and regulatory bodies.
Regulatory Relations and Reporting
In collaboration with the Head of Compliance, manage, oversee and prepare regulatory filings, submissions, and correspondence.
Assist Head of Compliance with strategic analysis of regulatory developments and assess enterprise-wide impact.
Preparation of responses to regulatory inquiries and enforcement actions.
Training and Advisory Services
Develop, design, and deliver enterprise-wide compliance training programs for all employees.
Provide strategic guidance and consultation to business units and senior leadership
Assist Head of Compliance with review and approval for new products, services, and business initiatives.
Collaboration with legal, risk management, and internal audit functions.
Mentor and support junior compliance staff.
Strategic Planning
Assist Head of Compliance with development and implementing strategic compliance plans and policies.
Qualification & Experience
A bachelor’s degree (NQF Level 7) in a relevant field like law, finance, business administration, or risk management
RE1
Relevant Compliance related courses or qualifications.
Qualifications relevant to statutory requirements for registered compliance officers.
FSCA Approved Compliance Officer will be preferred
Minimum 7-10 years of progressive experience in compliance, risk management, or regulatory affairs
At least 3-5 years in a senior compliance role
Demonstrated experience working with regulatory agencies
Proven track record of developing and implementing successful compliance programs
Experience in conducting compliance investigations and managing remediation efforts Experience in short term insurance industry preferred.
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