Senior Compliance Offer at Bryte Insurance Company Limited

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.