AU Small Finance Bank - Manager/Senior Manager - Compliance - Insurance Domain

Brief Objective of Position & Its Contribution to the Business:

The position will be responsible for building a control driven environment within the function by ensuring regulatory and process related Compliances & reviewing and strengthening internal processes and controls of the function

Key Responsibilities

Job Responsibilities:

- Compliance

- Internal Review

- Process

- Risk - Ensure adherence to IRDAI and PFRDA regulatory requirement of the function

- Implement and drive a Compliance Culture by creating awareness on Compliance related aspects

- Support Central Compliance team in timely and correct filing of regulatory returns and other submissions

- Advice stakeholders on Compliance / Process related aspects by vetting and adding value to proposed business propositions and processes.

- Document and strengthen the existing processes of the function with support of process owners

- Carry out internal reviews and strengthen controls addressing key risks of the function

- Represent function to Internal / External Auditors and timely closure of observations

- Manage Agreement portfolio of the function.

- Effective co-ordination and relationship building with key stakeholders

Performance Measures:

Measure Deliverables from the role Key Outputs/Results from the Role

- Robust Internal control environment of the function

- Adherence to regulatory requirements in law and spirit

- Timely submission of regulatory returns and submissions

- Timely and effective closure of audit points

- Repository of all the processes of activities performed by the function

- Seamless management of Internal Legal documentation

- Quick TAT in execution

Job Specification (Competencies required to perform the role) :

Qualifications CA/CS or inter passed CA / CS having insurance domain experience of preferably 2-3 years from Audit or Compliance Function. Also experience in process understanding and documentation with complement the role.

Experience :

- Specific Candidate must be from Insurance or Banking or NBFC Industry exposure either in Industry or consultancy.

Knowledge and skills required : -

Owns responsibilities and delivers on them

- Excellent written and verbal communication skills.

- Highly process driven

- People person and team player

- Eye for details.

- Positive and solution-oriented attitude

- Capable of working independently